Small Business Insurance for small, SME, medium, large business…whatever your business type, the common components of Small Business Insurance generally remain the same. Lets run a quick guide on the basics of small business insurance. The Big 3 Property Insurance Public Liability Workers Compensation The Staples Business Interruption Burglary Glass The Extras Money Machinery Electronic […]
Steadfast’s Record First Half 2018
Steadfast has announced a record first half in terms of gross written premium (GWP) placed by its network of brokers. The firm announced that its brokers had placed $2.6bn worth of GWP in the first half up 8 per cent as underlying net profit after tax also rose by 8.4 per cent to $32.4m. Robert […]
Building Cladding & Fire Risk
Insurers back national cladding probe after UK disaster Australian insurers are backing a national survey of buildings using flammable cladding in the wake of the devastating blaze that killed at least 58 people in London’s Grenfell Tower. Experts have warned the disaster could be replicated in Australia, and the Insurance Council of Australia (ICA) […]
Cyber Attacks Revealed
A recent survey has revealed that 90% of Australian organisations have faced some sort of cybersecurity compromise during the 2015-16 financial year, highlighting the need for cyber insurance to avoid massive financial losses from a cyber attack. The survey by the Australian Cyber Security Centre (ACSC) polled 113 organisations, 90% of which claimed to have […]
Virtual Reality Shaping General Insurance
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 […]
Professional Indemnity Analysed
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 […]