List News Articles

Insurance claims information following the bushfire devastation has highlighted the widespread problem of underinsurance for homes and businesses. Figures show the majority of homes and businesses are underinsured, regardless of whether you operate in a regional area or large metro CBD. Underinsurance can greatly increase the risk of a business having to close down if something goes wrong. Here are 5 of the main things you need to know about underinsurance relating to fire and business interruption for organisations:

Our office will be closed from 24 December until  2 January. If a emergency does arise however, you can call Penny on 0417 372 968 or Seamus on 0421 444 950. Have a safe and happy holiday.

1. Check your security systems if you are closing your business over the holiday season. If the property is going to be empty for a period, it is doubly important to make sure the security is up to scratch and alarms still working. Check all the alarm batteries, locks, windows etc.

This article details more of the reasons behind the challenges of construction professional indemnity insurance and what can be done to rectify the issues. If you’d like to know more or have questions, speak to us now. Read the full article

The latest twist in the building cladding debate has seen five organisations seeking the federal government to take leadership role and the Victorian Government propose insurers pay for fixing flammable cladding. What does this mean for the building industry? We are monitoring the situation closely, so contact us to discuss your circumstances and we will help you navigate the issue.

You are probably aware of the challenges facing insurance renewals for building certifiers and surveyors. The recent article in Insurance and Risk Professional talks about the challenges facing the construction industry.

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1. Premium Funding improves your cash flow by enabling you to pay your insurance premiums in flexible repayments - allowing working capital to stay in your business working for you. 2. Funding arrangements sit outside of any bank loans - your existing lines of credit are not impacted. 3. There are no on-going service fees and the repayments are fixed - you’ll always know how much to pay

Capital Mutual is offering all its client’s access to TravelCard. If the unexpected happens, TravelCard will ensure claims are assessed, approved and paid – all while you are still travelling#, with no out of pocket expenses. TravelCard’s great benefits include: • Real-Time claim settlement on approved claims • 24/7 Global Assistance • No $ Excess on any claim • Cover for Overseas Emergency Medical & Hospital Expenses • Cover for Trip Cancellation and Loss of Deposits • Cover for Luggage and Personal Effects

We have rarely seen the drastic changes some businesses’ Professional Indemnity (PI) insurance are facing. We want to make sure you don’t get any nasty surprises in your upcoming insurance renewal. PI insurance is under pressure. You need to check for: • Rising premiums • Reduced sub-limits • New exclusions restricting your cover • Your policy limits in conjunction with contracts - Councils and Government agencies typically request a minimum $10m limit, with many now requiring $20m