As the world continues to be affected by the COVID-19 pandemic, Australian businesses are finding different ways to both survive in the market and recoup any losses directly associated with the coronavirus. One way businesses are working to recoup losses is through their Business Interruption … [Read more...] about COVID-19 Insurance Update: Small Businesses Take on QBE and Lloyds
When investing in insurance, it’s important to be aware of the information you’re disclosing to insurers when mentioning business activities. If you import goods, for instance, there may be serious implications down the line if you disclose yourself as a retailer or wholesaler, but fail to … [Read more...] about Do you import products? If so, this one little mistake could cost you
If you have Business Interruption Insurance cover, you may not realise that it normally does not extend to Machinery and Equipment Breakdown Insurance. Typically, the policy will only be triggered if there is a loss of income pertaining to property damage. This could be disastrous for many … [Read more...] about Think Machinery Breakdown is Automatically Covered by Business Interruption Insurance? Think Again.
Our Managing Director, Tony Venning, has just been announced as a Queensland Broker of the Year Finalist by the National Insurance Brokers Association (NIBA). Entrants for the award were judged on the following criteria: Being an inspirational role model for the broking community … [Read more...] about Tony Venning Finalist for NIBA Queensland Broker of the Year
JBS Foods, the world’s largest meat processing company, has just agreed to pay a $14.2 million ransom to a Russian-speaking criminal ransomware gang, REvil. According to ABC News, the five-day cyber hack resulted in the company temporarily having to halt some of its operations in the US, Canada … [Read more...] about JBS Pays $11.4 Million Ransom to Resolve Cyber Attack
Every business is evolving, especially in this current market. It’s important to remember that as your business adapts to the market, so should your insurance policies. Seemingly simple errors such as a lapse in an insurance policy can even lead to the quick demise of large, well established … [Read more...] about How Policy Reviews Can Prevent You From Closing Business or Losing Revenue
Reputation is paramount in the food and beverage industry. In a fast-moving, highly competitive, highly regulated, social-media-centric market, food and beverage companies are continually required to jump through hoops in order to establish trust and reliability with their customers. Further, the … [Read more...] about Product Recall Insurance Now More Accessible for Food Manufacturing Businesses
Being underinsured for assets is a growing concern for businesses throughout Australia. As world events continue to negatively impact the economy, it comes at no surprise that businesses are looking for numerous ways to cut costs. This is particularly true when it comes to cutting investment in … [Read more...] about Are you Insured for Full Value? If Not, You Could Lose Hundreds of Thousands of Dollars