Is your Owners Corporation experiencing difficulties paying Strata Insurance premiums, as a result of the economic impact of COVID-19? We understand this is a real issue for OC’s around Australia, and want to assure you that there are options available to help alleviate the financial strain at this time. In this article, we address…
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…
The property insurance sector is not immune from the economic and health implications of COVID-19. Accordingly, there have been some important changes made by insurance companies when it comes to Landlord insurance cover. Below we have outlined key changes to be aware of for new quotes and policy amendments. Landlord Insurance cover Landlord insurance cover…
With Coronavirus (COVID-19) officially declared a Pandemic, we understand you may have a number of questions regarding the impact on your insurance when to comes to strata properties. This fact sheet has been designed to address and clarify your key concerns. Will the Owners Corporation (OC) be held liable if someone is found to have…
We understand that many Australian’s are currently facing uncertain times, and potentially a loss of income due to the COVID-19 pandemic. Given this current climate, we sympathise that you may be concerned about your ability to pay Strata insurance renewals. This is where Premium Funding comes in. Premium Funding payment solutions allow you to pay…
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…
Coronavirus (COVID-19) has been declared a Pandemic, and is causing of great deal of unease within the community. Aside from the significant impact Coronavirus is predicted to have on our healthcare system, there are major implications when it comes to travel insurance – both for business & leisure. Whitbread have received ongoing updates from various…
The dynamic nature of today’s economy means that business risk exposures and insurance needs are changing more rapidly than ever. When was the last time you took a step back from the demands of running your Strata Management firm, to assess whether your business insurance is still adequate? Does it actively reduce your risk exposures?…
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