It’s affecting drivers around the globe. It claims hundreds of lives every year and happens day-byday on our roads. It’s called road rage, a condition that often involves anger or violence associated with on-road driving activities. Many government departments have determined that road rage is … [Read more...] about Road Rage: The Growing Monster
Recently, following an attack by neighbour’s dogs while playing in a friend’s yard, a child was awarded $315,500 for injuries. Prior to the attack, the dogs were securely enclosed in their owner’s premises. The child climbed onto a tree stump on the adjoining property and then stood on a cross … [Read more...] about Is He Really Your Best Friend?
The Australian Insurance Market has long been described as cyclical, for instance: it moves through both hard and soft market conditions. In a ‘hard’ market premiums increase and underwriting capacity is eroded. ‘Soft’ markets are characterised by falling premiums and aggressive insurers chasing … [Read more...] about Insurance Premiums on the Rise?
Being able to protect your business against all eventualities is crucial for success. One threat that is more likely than others is storm season. Last year alone, storm damage and natural disasters cost Australian businesses more than $18.7 billion - a figure that is set to double over the next … [Read more...] about Getting Your Business Ready for La Nina
There is no question that COVID-19 has changed the way we live, work and transact in 2020. The impacts of these changes may yet be felt for many years to come. While we are all rapidly adjusting, it is important to consider the actual or potential business insurance impacts. Some questions that … [Read more...] about Doing Business Differently In 2020
Theft from Australian construction sites are disturbingly common and accounts for around $1 billion in costs worldwide. Not to mention less than 25% of stolen equipment is recovered. Even if police find the stolen equipment, they have little chance identifying that it belongs to you. It is easy … [Read more...] about How to Deal with Staff Pilfering From Your Construction Site
Did you know that cyber-attacks went up by 700% last year, leaving many Australian businesses feeling unprepared? A cybersecurity threat can lead to lost data and money. When your system gets taken over by ransomware, your business is held, hostage. A cyber insurance policy that covers you in the … [Read more...] about Risky Business: Why Your Small Business Needs Ransomware Insurance
You may have seen in the press recently the decision handed down in the NSW Court of Appeal in a test case run by the Insurance Council of Australia (ICA) and Australian Financial Complaints Authority (AFCA) test case, with the court ruling in favour of the insureds. It found that the quarantine … [Read more...] about COVID-19 and Business Interruption claims