When it comes to buying insurance, people have two basic choices: buy it themselves or organise it through a broker. As the availability of online insurance products grows, you might be tempted to believe insurance brokers will go the same way as the dinosaur. But that’s not happening, and there is one very good reason:…
Late last year the government passed amendments to the Privacy Act 1988, implementing changes to Australian privacy law in a number of areas. A key change is the replacement of the current National Privacy Principles (NPPs) with a unified set of 12 new ‘Australian Privacy Principles’ (APPs) to regulate the handling of personal information. These…
Cybercrime has evolved and increased substantially over the past ten years particularly in the financial services and retail sectors where a high volume of data is retained, in particular financial information. These industries have therefore had a head start on developing strategies to mitigate and prevent cyber-attacks. Due to the vast quantity of information collected…
There are pros and cons for landlords who manage their own properties as opposed to landlords who employ a property manager to look after their affairs. Are you better off managing your property yourself or do you stand to save more than you spend by paying a property manager to wrangle the tenants for you?…
As we head into the festive season, we are reminded of the disastrous January 2011 floods that severely affected many areas of Queensland. Following those floods, countless people were astonished that their policy did not cover them for the loss incurred. We hope to clear this up for you. In 2012, the Insurance Council of…
As a consumer, you’ve never had more choices around how you source information and purchase products. However, some purchasing decisions require more information and expert knowledge than others so you can feel confident that you have made the right choice. Insurance, particularly Business Insurance, is one area of specialised knowledge that can prove to be…
Owners of rental strata properties need to ensure they take out insurance to cover landlord’s fixtures and fittings, rent default and public liability for inside their lots/units. Strata Insurance provides cover for a range of circumstances specifically related to living in a strata community, including: Public Liability – covers legal liability of Owners Corporations Contents…
Most people see insurance as a cost. It’s like an investment you never want to cash in on. When you do have a claim however, that “investment” could save your company. At Whitbread, we place the claims performance of an insurer right alongside the quality of coverage and price of its policies when it comes…
Following recent storms, we received calls from many of our clients who wanted to know whether damage to their apartment block is covered by their Strata Insurance policy. A number of these queries related to fallen trees. Strata insurance policies are designed to provide cover in the event that a tree is blown over during…
As a company director you should be aware of how many Acts expose you to personal and or corporate liabilities. There are 13 Australian Acts that companies must comply with*, including but not limited to; The Corporations Act 2001 Competition & Consumer Act 2010 The Income Tax Assessment Act 1997 A new Tax System (Goods…
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