Virtual Reality (VR) could shape the future of general insurance says third party claims expert Peter Tomkins. “Traditionally, the biggest challenge insurers face is understanding risk. Modern technology has come a long way to address this need – insurers are now using car monitors to understand driving behaviour , and Fitbits to understand a client’s […]
Part 1 What won’t professional indemnity insurance cover? Each policy will have its own set of exclusions whereby the insurer will not be liable to pay compensation to the insured in the event that a claim is made. Some typical exclusions listed on professional indemnity policies include: Claims arising following cancellation of policy: It is […]
Professional indemnity insurance provides you, your business and your employees, with protection for financial claims made against you or your business. This type of cover is designed for employees or businesses that give advice and/or provide a service to individuals or businesses, and are looking for a form of protection against legal claims not covered […]
Statewide Insurance Small Business Stories from Statewide Insurance Brokers
Trend 1. Massive cost savers in claims, operations and customer acquisition Already a major trend of course, but one that will gain even more importance in 2017. Quite a few insurers face combined ratios that are close to 100, or even exceed that number. Digitalising current processes is absolutely necessary, for operational excellence and to […]
Cyber Insurance, A Novel of 2017, Q1. By Statewide Insurance from Statewide Insurance Brokers View our Slideshare for more Documents and Slides
The Christmas-New Year holidays are a time to unwind, refresh and recharge your batteries. It’s also a time to reflect on the year that was and make some resolutions for the year ahead. Many of us do a personal stocktake at this time of year, but what about your business? The challenge for many small […]
Social media is big business these days. Over half of Australia’s population is on Facebook, more than 4 million are on Tumblr, and Instagram boasts similarly large numbers. But besides LinkedIn, most social networks serve more purposes than just the professional realm. This substantial growth of social media adoption brings with it unique risks to […]
So you have started your business and covered all your bases by getting insurance. Business is booming…or just ticking along in this current climate…and your yearly insurance renewal is about to fall due. Here’s 5 mistakes you may be making with regard to your business insurance program. 1. Not regularly reviewing your insurance policies […]
