Insight

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…

Travel is often a necessary part of conducting business in today’s global economy. Unfortunately, on the odd occasion, it doesn’t always go smoothly… Without a Corporate Travel Insurance policy, your business could end up footing the bill for losses that run into thousands of dollars for disrupted flights, medical expenses, lost or stolen money –…

Australia has one of the highest occurrences of extortion in the world. Extortion can affect all companies from large blue chip organisations to SMEs. The current lack of awareness among business owners means that most organisations are almost never equipped to deal with the financial and reputational ramifications when exposed. Extortion Insurance is designed to…

We answer some commonly asked questions to explain how Management Liability Insurance can protect you, your business and your personal assets. Irrespective of what you do for a living, there is a certain element of risk associated with owning and running a business. Countless situations present themselves in the day-to-day operation of your business which…

Whitbread’s Strata Insurance team received this important question from Australian Strata property blog, LookUpStrata. Our response below which addresses the consequences of underinsurance for Strata lot owners has been prepared by Renee Cassidy | Whitbread Claims Team Manager. The scenario: I believe the Building Sum Insured on my Strata Insurance policy is insufficient, and I…

Do you know what steps to take if your Home or Strata property is damaged in a storm? Renee Cassidy, Claims Manager at Whitbread Insurance Brokers, provides her top tips should your property suffer damage during a severe weather event. It’s a stormy day, and the wind has been howling all afternoon amid heavy downpours…

Have you hired a tradesperson, or appointed caretakers to carry out works on behalf of an Owners Corporation (OC)? Make sure they have the right tools for the job. Public Liability Insurance is essential and, as a Strata Manager, it’s your responsibility to ensure the tradies you engage have Public Liability Insurance protection. Why do…

Whitbread recently completed a national series of seminars to Directors of medium to large organisations across Australia. These sessions explored the evolution of Management Liability Insurance, and generated extensive discussion among attendees. Here are some of the key questions that were posed during the seminars. How does Management Liability differ from Directors and Officers Insurance?…

From geotechnical to structural engineering, the scope of a Civil Engineers’ work can vary widely depending their area of specialisation. What Civil Engineers do have in common however, is that their work involves the design and construction of structures typically used by the general public. While incredibly valuable to society, the nature of this design…

You’ve purchased Professional Indemnity insurance as part of your business risk management strategy. You’re secure with the limit of cover you have chosen. But are you aware of these five common rules that often throw Professional Indemnity claims off course? Professional Indemnity Insurance is essential in today’s business environment and forms an important part of…