In the past two years, many business owners have experienced significant premium increases as their businesses rely more on the use of sub-contractors to keep up with increasing demand in a tight employment market. Since the arrival of COVID-19 and its various lockdowns, our clients have been … [Read more...] about Why Sub-contractors Can Massively Blow Out Your Liability Insurance Premiums
A Closer Look at the Impact of Inflation on Commercial Insurance
Australia, like most world economies, is facing record levels of inflation owing to the compounding impacts of the COVID-19 pandemic, disrupted supply chains, the surge in energy prices and severe weather and climate change events. Recently, the Australian Bureau of Statistics reported the annual … [Read more...] about A Closer Look at the Impact of Inflation on Commercial Insurance
Insurance Woes? Here’s Why You Might Consider a Discretionary Trust
As you probably know, running a business successfully in today’s volatile market is not always an easy feat. During this period, the importance of asset protection and a robust coverage plan for businesses have become even more pertinent. However, we are currently in a hard insurance market with … [Read more...] about Insurance Woes? Here’s Why You Might Consider a Discretionary Trust
How to leverage a Protective Cell Company (PCC) to your Advantage
Insurance premiums are rising, and based on current global challenges, inflation and instability in the market, this may continue over the course of the next few years - some sources are even reporting an upcoming super cycle for insurance premiums. This being said, however, we continue to remind … [Read more...] about How to leverage a Protective Cell Company (PCC) to your Advantage
Combating the Volatility of Insurance Premiums: Captive Insurance
As natural disasters, pandemics, inflation, rising interest rates and global events continue to influence the market, businesses continue to find themselves challenged by rising insurance premiums and harder-to-place policies. Even so, not all is lost. We currently work with a number of clients … [Read more...] about Combating the Volatility of Insurance Premiums: Captive Insurance
Introducing Parametric Insurance: Receive Coverage and Payouts for Natural Disasters
If the recent floods have left you pessimistic about the future of your insurance coverage, I wouldn’t blame you. Some analysts believe the damages caused by the floods will reach claim costs northwards of $3 billion, and, as I mentioned in my previous article, may bring upon the hardest insurance … [Read more...] about Introducing Parametric Insurance: Receive Coverage and Payouts for Natural Disasters
The floods may bring the hardest insurance renewal season yet. Are you prepared?
The recent floods that have affected homes and businesses across Queensland and New South Wales may have brought about one of the hardest insurance renewal seasons yet. In recent years, the coronavirus pandemic and various other global factors saw us enter a ‘hard’ insurance market. This meant … [Read more...] about The floods may bring the hardest insurance renewal season yet. Are you prepared?
Affected by Floods? We’re Here for You
The last seven days has seen unprecedented rain in Queensland and New South Wales, with reports claiming these severe weather conditions are expected to continue. If you’ve been affected by these conditions, our thoughts are with you. Many clients have already contacted us regarding their … [Read more...] about Affected by Floods? We’re Here for You