Crucial Insights

Suncorp, Allianz and QBE to provide co-ordinated relief measures to business insurance policyholders.  The proposal includes 6 month deferral of premium payment for eligible customers. This morning the Australian Competition and Consumer Commission (ACCC) announced that it has authorised a COVID-19 relief package for insurance policyholders.   This follows an application […]

The majority of businesses are now employing a remote workforce.  Make sure you don’t open your network to cyber criminals in the process. Cyber Insurance and Risk Management can help protect you. COVID-19 themed text messages appear to come from “GOV” as the sender.  They include a link to find […]

As COVID-19 continues to escalate around the world,  business owners are asking one big question. Will my Business Interruption insurance cover me for loss of income due to Coronavirus ?   Unfortunately, most business insurance policies will not cover loss of income as a result of Coronavirus.  Business Interruption is […]

As Coronavirus (2019-nCoV) continues to escalate worldwide, travellers are asking will Travel Insurance cover me? The World Health Organisation (WHO) has declared Coronavirus a public health emergency of international concern.  In addition, the Australian government has introduced strict travel restrictions relating to travel to and from mainland China.  DFAT has also […]

The answer is simple. The risks posed in today’s digital world mean a cyber event is more likely to cause catastrophic harm to your business than any other physical event. Insurance is traditionally purchased for losses arising out of either property damage or personal injury.  What the insurance industry has […]

ASIC report 429 provides a very comprehensive overview of the Cyber Risk and Security landscape and contains practical advice on what steps organisations need to take to improve their “Cyber Resilience”. Within the report it states that “any business that interacts over electronic networks or the internet, or is reliant […]

Cyber Insurance can cover loss of income – but buyer beware. Business Interruption Insurance is what keeps most businesses alive following a major loss event. A full frontal cyber attack can be just as damaging to a business as a major fire. However,  the extent of business interruption coverage available is […]

Ask yourself this: In the Event of a Major Loss, how will your Business Insurance respond in respect of Loss of Revenue? Business Interruption Insurance is one of the most misunderstood areas of insurance with over 70% of businesses being underinsured. The majority of businesses that we speak to on a […]

Ask yourself this: How will my current insurance respond in the event of a cyber security breach resulting in the loss of sensitive customer or employee data? The information age allows us to collect and store more data and extract information around the globe 24/7. Access to sensitive information can […]

Ask yourself this: In the event of  a claim arising from your capacity as a company director or officer, how well would your current insurance respond? As a director of a private company and owner of the company itself, you are exposed to a number of risks such as: breaching […]