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Liability Claims
What is a liability claim? Broadly speaking, liability claims are where a third party has alleged some action or inaction which has caused a detrimental outcome, either legally or financially. What can this look like? Government agencies could pursue you for breach of regulation or legislation. A person may have injured themselves on your property […]
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Insurance for the Building & Construction Industry
Tuesday, February 14th, 2023
Key risks in the building and construction industry The building and construction industry face a variety of risks that can affect the success of a project. Construction projects are complex undertakings, involving various stakeholders and challenging working conditions. Construction businesses often need to manage changes to project scope or orders, poorly written contracts, health and […]
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Side hustles & home insurance
Sunday, September 18th, 2022
Key points: Running a business or side-hustle from home is more popular than ever, but it can put your home & contents policy at risk of being cancelled. Any home business that deals with clients entering the premises are at the highest risk. Inform your insurer or broker of any business activity run from home, […]
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Commercial drone use. Are you covered?
Thursday, September 8th, 2022
The commercial drone industry is becoming more and more a part of life for so many Australian businesses. And it’s no surprise really, with many considering Australia as one of the pioneers in drone usage & regulations, infrastructure, and innovation. Additionally, the economic impact of drones in Australia is expected to reach $14.5 billion by […]
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2022 Inflation and Small Businesses
Wednesday, June 29th, 2022
The re-opening of the economy held a promise for businesses greatly affected by the pandemic on their way to recovery. The first quarter of 2022 saw the emergence of a new Covid-19 variant, but there was little to no economic spillover. The labour market beat expectations, and supply chain and logistics disruptions have eased. As […]
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Brewery Insurance Fact Sheet
Saturday, June 25th, 2022
This fact sheet provides some simple facts about insurance for breweries, things to think about when starting a new brewery and how they’ll impact your insurance premium. WHAT IS INSURANCE? Insurance works to protect you, your family, and the life you lead. A simple way to look at insurance is if a group of people […]
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Australian construction companies and risk.
According to the Australian Industry and Skills Committee, the construction sector in Australia is valued at $360 billion in revenue. The industry is responsible for 9% of the country's gross domestic product, with a projected annual growth rate of 2.4% in the next half-decade. However, the construction industry is facing many challenges and uncertainties following […]
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Is your business underinsured?
After hearing Adam Pinkard's impassioned speech at the Australian Distillery Conference earlier this month about "The impact of fire on and recovery to your business", we thought we'd further emphasise his point on the importance of "underinsurance". But first, what is underinsurance? Underinsurance happens when you've taken out insufficient insurance to cover the replacement value […]
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Understanding Underinsurance.
Why it’s important to correctly value your home & contents insurance to avoid being caught underinsured. Key takeaways: Underinsurance is when you insure your home or contents for less than it’s worth – putting you at serious financial risk Regularly review the ‘sums insured’ of your property, especially if you expand/change locations or purchase new […]
