Author: Andrew Saville

You may have noticed over the medium term, that in general, insurance premiums have been increasing, and coverage is becoming more restrictive. This is known as a hard insurance market. Below, we shed light on current insurance market conditions, the market outlook across different types of policies, and how using an insurance broker can help…

With Australia making remarkable steps toward supressing the community spread of Coronavirus, many businesses with non-essential workers are pondering, or have already returned to the workplace in some capacity. To guide you on the important implications from an insurance and risk point of view, we have included some essential considerations below… Things to consider when…

Cost pressures are mounting for countless businesses during this challenging economic period. And while many company owners are looking to cut expenditure, or even cancel insurances as a result of winding up their business, it’s essential to understand the importance of maintaining Professional Indemnity (PI) Insurance. Cancelling PI Insurance could end up costing far more…

With financial constraints mounting on business owners during this challenging economic period, many are looking to cut costs. Some are reducing insurance covers, or utilising premium funding, and others are cancelling policies completely as they wind up their business. Unfortunately, when it comes to Public & Products Liability Insurance, cancelling your cover could end up…

Since the COVID-19 Pandemic hit Australia, cybercrime has increased dramatically. As more and more Australians work from home, and rely heavily on digital platforms to interact and conduct business transactions, cyber criminals are taking advantage. Understand how you can mitigate the risk of cybercrime, and minimise damage inflicted by a cyber-attack. Why has the risk…

With Coronavirus (COVID-19) officially declared a Pandemic in March 2020, and the landscape changing almost hourly, there is an air of great unease across Australia. Aside from the significant impact Coronavirus is predicted to have on our health system, there are also implications for the economy and potentially your business. The number one question we…

Professional Indemnity (PI) Insurance is an important part of any business risk management strategy. No longer is PI only required by professionals such as lawyers, accountants, and architects. It is a legal requirement which applies to all Strata Managers. Professional Indemnity Insurance protects any person or entity who provides advice, especially for a fee, against…

Does your Business Insurance still align with your risk exposures? The risks your business faces are continually evolving – particularly in today’s fast-paced economy. Whether it be the purchase or sale of assets, new legislation, developments in technology, a modification of your business activities, or a change in operating location, it is crucial to ensure…

Could your company’s balance sheet survive the operational downtime caused by an insurable event like a fire, storm or theft? Property Insurance claim payouts can help to restore your premises, but how can you protect your financial position (i.e. income) while unable to trade? This is where Business Interruption cover steps in. What is Business…