INSURANCE NEWS

Family Ski Adventure - Austbrokers to the rescue!

A real life example of how our claims team helped turn a family’s holiday ordeal into a happy outcome by obtaining an additional payment of $15,700 from the insurer.
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What professional indemnity insurance limit is adequate?

What is an adequate Professional Indemnity Insurance limit? This is not an exact science with an applicable formula and the answer can be different for everyone, but here are 5 key issues that should be considered when determining an adequate indemnity limit.

Make-A-Wish gets the big cheque

Within our first year of partnership with Make-A-Wish Australia , through 3 very successful events, we raised an incredible $41,956. Far exceeding our original target of $30,000. We would like to thank our staff for all their hard work, and just as importantly all our corporate friends that kindly contributed. Read all about it....
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Fraud - protecting your customers

10 Simple things that can be done to prevent fraud. Fraud can take many guises – corruption, concealing assets, fake accounts, and payments to fake companies and people, just to name a few.
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Your rights & responsibilities in notifying a PI Insurance claim

Professional Indemnity Insurance provided on a ‘Claims Made’ basis mean you have certain responsibilities to notify circumstances throughout the policy period. Whether they eventuate or not, it is important to notify all potential circumstances to your Insurer during the current period in order that cover is afforded.
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Are your contractors really employees?

If you're unsure you may be in danger of fines up to $630,000 for company’s and $126,000 for directors. Read our simple checklist to see if you are employing, and you do not meet the criteria of engaging a subcontractor.
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Limited Events Cover v Accidental Damage

The purpose of insurance is to provide protection when you need it most, yet the selection of the insurance protection is often chosen on price, not the quality of the protection. The challenge with a Limited Events insurance coverage (sometimes referred to as Defined Events) is that the insurance only responds to the listed events, so many exposures remain uninsured.  This often can be discovered too late, leaving you financially exposed.
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Do you Need Product Recall Insurance?

A key financial risk is the exposure to a product recall caused by contamination, mislabelling, or malicious activity. Insurance can respond to the event (the defect) that triggers the need to repair / replace, which is often referred to as a Contaminated Product or Product Recall insurance policy.

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