When you receive THAT phone call, email or letter, your heart sinks.  As a professional, there is nothing worse than the reality or perceived reality that you’ve made a mistake. What happens next for a Professional Indemnity claim? Do you jump on a device and write a letter responding to the... read more →

Stop! Don't Sign That Contract Just Yet If you are a business owner, signing contracts is part and parcel of the daily running of your business. Whether it be contracts for firms providing goods or services for your business, or your business providing goods and services for another firm, it is not... read more →

For small business owners, vicarious liability is an important concept to understand. Why is that? Because vicarious liability can mean you and your business are held responsible for any claims that may arise as a result of the actions of your subcontractors. Defining a Subcontractor The use of subcontractors is... read more →

Do you have Management Liability Cover? When it comes to Management Liability cover, it is important to understand that these policies will typically contain a “Confidentiality Clause”. So what does this mean to you, the insured? And why is it included in policy wordings? According to Steadfast, the intention of... read more →

It is a question that is being asked a lot more frequently by clients and the answer can be confusing. Online businesses face increasing risks associated with doing business online. Companies who face an higher risk include: Online Retailers including Supermarkets & Department Stores Hospitality Providers including Hotels, Pubs &... read more →

On 11 June 2020, the New South Wales (NSW) Government unanimously passed the Design and Building Practitioners Bill 2019. The legislation, designed to rebuild a transparent and accountable building industry, is the first step in regulating the building industry - both in NSW and nationally. For many years, substandard work... read more →

In many countries around the world, the risks associated with Asbestos exposure are widely known. There have been a significant number of claims in recent years associated with asbestos exposure, notably in the media you can recall manufacturing company James Hardie providing millions of dollars' worth of compensation to victims... read more →

Wimbledon will receive a $141 million insurance payout after its 2020 coronavirus induced cancellation. This is great news for Wimbledon along with its sponsors, fans and investors. It’s incredible foresight to have this insurance and they’re fortunate to be able to invest $2M a year for this cover. From experience,... read more →

In one of our previous blog posts, we explored the importance of having a well implemented Business Continuity Plan to adequately deal with any disruption to the daily activities of your business. Having an effective business continuity plan assists businesses in being able to anticipate, prevent and prepare for any... read more →

In Australia, many regulatory government bodies have become increasingly stringent regarding Occupational Health & Safety within the workplace. As a result, it has become extremely important for businesses to ensure they not only have the correct policies and procedures in place to ensure the safety of their employees, but to... read more →

A question that is regularly raised by clients is: How do I decide what on limit of Professional Indemnity cover I need? This can be a pretty tricky question to answer as there is no real set answer. Every business is different and is governed by different industries, associations and... read more →

Whether you’ve got a keen eye for building design and are researching how to become a Building Designer or have decades of experience making plans for buildings, transport devices or machinery, you need to remember the importance of always being fully insured - this is why you may require Building... read more →

Whether you work in the commercial or residential property markets, in a large company or as a stand alone agent, if you’re a Real Estate Agent you need to have the right insurance. Many of your clients will have chosen to work with a Real Estate Agent to help them... read more →

Asbestos is a bit of a sleeping dragon.  It lies in wait and when disturbed, becomes dangerous. Each week 13 Australians die of asbestos related diseases, 12 from malignant mesothelioma.  Another 13 are diagnosed with this hideous disease, according to asbestosawareness.com.au, a campaign to educate the community on the continuing... read more →

Congratulations to our director Daniel Webber on being named an Elite Broker for the fourth consecutive year, placing in the Top 20 throughout Australia. When asked how he has remained  an Elite Broker for four years running, Daniel was quick to praise his clients, insurer partners and colleagues: I am... read more →

Australia's Data Breach Notification laws come into effect on 22 February 2018. This new law will require businesses to report all instances of personal data breaches. The changes of legislation will affect businesses with a turnover of more than $3,000,000, as well as other businesses that operate by holding personal... read more →

What are the NSW Insurance Stamp Duty Changes Announced in 2017 and implemented 1 January 2018, the NSW Government has removed stamp duty on the following insurance policies for small businesses: Commercial Motor Vehicle Insurance - A motor vehicle used primarily for business purposes Commercial Aviation Insurance - Aircraft, including... read more →

What Is Trade Credit Insurance? Many businesses operate by offering their goods and services on credit terms. This can result in a significant portion of their working capital being held as accounts receivable, therefore potentially jeopardising the cash flow and profits of the business. Trade credit insurance protects your business against losses due... read more →