Devastating bushfires plagued much of Eastern Australia last summer, before a deluge of rain arrived, causing severe flooding and widespread damage to an unprecedented number of properties – including residential strata. In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly, stressful situations are often made worse when people…
It’s renewal time again and your annual policy paperwork has arrived just in time. What to do!? Just pay the premiums and think nothing of it for another 365 days? Think again! It can be very tempting to “go with the flow” when it comes to your insurance – at the end of the day…
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…
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