The Australian insurance market in 2024 experienced a stabilisation in premium rates and increased competition across many insurance classes. This year also saw a resurgence in insurer profitability, driven by higher investment returns amid a favourable economic environment. But what does … [Read more...] about 2024 Insurance Market Recap: Trends, Challenges and Opportunities
In certain industries—especially high-risk sectors such as mining, construction and engineering—businesses often find themselves in a unique position. They sell or build a product but are also tasked with designing a unique solution that goes beyond the scope of the product itself. For example, … [Read more...] about Mining Contractors: Avoid Severe Financial Consequences With Combined Liability Insurance
In an important legislative update, Queensland has recently made it illegal to insure against fines related to Work Health and Safety (WHS) contraventions. This change, announced in March of 2024, aligns Queensland with several other states in Australia that have introduced similar … [Read more...] about WHS Fines Insurance Banned in New South Wales, Victoria – and Now, Queensland. Here’s What You Need To Know
Is Professional Indemnity Insurance compulsory for your business in Australia? There’s no doubt that insurance plays a pivotal role in safeguarding your professional integrity and financial security. Among the various types of Business Insurance, Professional Indemnity (PI) Insurance … [Read more...] about What happens if I don’t have professional indemnity insurance?
In a stunning demonstration of the evolving landscape of cybercrime, a finance worker at a multinational firm in Hong Kong was deceived into transferring a staggering 200 million Hong Kong dollars (approximately $39 million Australian dollars) to fraudsters employing deepfake technology. This … [Read more...] about Deepfake Deception: A $39 Million Scam Unveils the Dark Side of AI in Cybersecurity
We are both excited and deeply honoured to have won the 'Top Queensland Insurance Broker' award and to be finalists in multiple other categories at the Advisr Insurance Broker Awards. These recognitions are incredibly meaningful to us, reflecting the dedication and commitment of our team in the … [Read more...] about We Won Top Queensland Insurance Broker!
By now we’ve all seen the news of recent bushfires plaguing Australia. Thousands of people have been evacuated, homes and businesses have been destroyed and most devastatingly people have lost their lives. The kicker: it’s only the start of bushfire season. Hot, dry weather brought by an … [Read more...] about Are you Prepared for Bushfire Season? Here are 5 Ways to Prepare
Combining Your Commercial Insurance Policies In the world of business, protecting your assets and mitigating risks are paramount. Commercial General Insurance / Business Insurance policies play a crucial role in safeguarding your business against various unforeseen events, from liability claims … [Read more...] about Wasting Time and Money on Multiple Insurance Policies? Here’s How to Combine Them and Save