Receiving a Letter of Denial for an insurance claim isn’t a particularly welcome outcome, especially if you feel the insurance claim should have been covered under the policy. Before tearing your hair out however, take comfort from the fact that a denial letter doesn’t have to be the end of the road for a claim…!…
From raging fires to torrential flooding, a critical event can occur at any given moment for the strata properties you manage. In early February 2019, a fire ripped through several balconies at the Neo200 building on Spencer Street in Melbourne. As a Strata Manager, how would you respond to a similar crisis at a property…
As technology continues to evolve, and elements of our lives become heavily entwined with the online world, individuals and businesses are becoming increasingly exposed to data theft and malicious online attacks. Accordingly, it is essential to understand how you can protect your sensitive data, and minimise the costly financial and legal fallout. Now is the…
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 –…
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…
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…
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…
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