There’s no doubt that the COVID-19 pandemic continues to impact businesses around the world. Lockdowns, border closures, economic volatilities and the looming influence of a pandemic have put many businesses through significant hardships. One way Australian businesses may be considering to recoup … [Read more...] about COVID-19 Insurance Update: Court “Largely In Favour” of Insurers – Business Interruption
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
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.
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