There’s no doubt that the COVID-19 pandemic has caused (and continues to cause) a lot of damage to businesses Australia-wide. As such, many organisations that have Business Interruption Insurance policies have asked the valid question if they could make a claim. Insurance companies argue they do … [Read more...] about COVID-19 Business Interruption Update: Clarity “Not Expected This Year”
Hundreds of thousands of small businesses in the UK are expected to be receiving Business Interruption payouts after a ‘historic victory’. Britain’s Supreme Court has ruled against QBE, requiring the insurer to pay out a number of claims related to COVID-19 losses. The main point of contention … [Read more...] about Is Australia Next? Britain’s Court Rules QBE Liable for COVID-19 Claims
https://www.youtube.com/watch?v=ivWKKCpMPCQ NSW Court of Appeal rules against the insurers and in the favour of policyholders. This article is an update from our previous article - Business Interruption Insurance, COVID-19 - is it worth making a test claim? Here, we mentioned the NSW Court of … [Read more...] about UPDATE: COVID-19 Business Interruption Test Case – NSW Court of Appeal Rules Against Insurers
The Australian Financial Review recently reported how a fake Zoom invite led to the demise of Sydney-based hedge fund Levitas Capital. It was reported that after one of the fund’s co-founders opened the Zoom link, a hacker was able to send off a series of fake invoices on behalf of the … [Read more...] about This Company Just Lost $8.7 Million From a Cyber Attack. Could This Happen to You?
Being a mining contractor can be a risky business. Below are some tips on how to best manage your insurance and risks when providing services as a mining contractor. 1. Ensure your business activities are correctly disclosed to your Insurer One of the most common mistakes we see mining contractors … [Read more...] about 6 Quick Tips on Managing your Mining Contractors: Insurance & Risks
UPDATE: Business interruption insurance, COVID-19 – is it even worth making a claim? Get the honest facts.
There are significant developments in respect to Business Interruption Insurance coverage for loss of income due to COVID-19 lockdowns. As recently reported in the Australian Financial Review, the Australian insurance sector is potentially facing a $1 billion exposure to COVID-19 losses. With the … [Read more...] about UPDATE: Business interruption insurance, COVID-19 – is it even worth making a claim? Get the honest facts.