Since the 2014 Lacrosse building fire in Melbourne, there has been heated debate, publicity and government enquiries with respect to non-compliant building materials used in new strata developments. In 2018, new ministerial guidelines are set to ban the use of these products with harsher penalties in place for builders and suppliers who fail to adhere….
In an article published by Insurance & Risk it was reported that over 1.5million blocks of land in Australia are currently situated in ‘bushfire prone areas’ (BPAs)*. As the bushfire season approaches this statistic really underlines how imperative it is to have the right insurance cover and sums insured for your home and contents….
We are delighted to inform you that with effect from 8 December 2017, Steadfast has acquired a controlling interest in Whitbread Insurance Group. This recognises the excellent reputation of Whitbread and the services we have been providing to you and many other clients since 1978. Since starting out, Whitbread has established strong and valued relationships…
Emergency claims assistance Although all claims lodged through Whitbread are actioned within 24 hours of notification, there are emergency situations where you may require urgent after hours assistance. What you can do: If such a situation arises, we recommend contacting your insurance company directly, to seek emergency assistance and commence the claims process as soon…
With over 40 food and beverage products recalled so far this year (as of 5th October 2017), the impact of a product recall can cause severe damage to a manufacturer’s reputation and bottom line. Understand how you can protect your company from this type of risk. Click here to read an article featuring key…
From July 1, 2017, some residential Strata Insurance policies will experience significant total premium changes as a result of amendments to the Terrorism Insurance Act 2003 (Cth). The changes apply Australia wide, and relate to the introduction of a Terrorism Levy. What are the changes? Property types eligible for insurance compensation as a result of…
The Bureau of Meteorology (BoM) has issued warnings following ex-Cyclone Debbie with severe thunderstorms, torrential rain and flash flooding expected in south-east Queensland and northern New South Wales* State authorities have warned residents to either stay home or leave work early to ensure that they do not get caught outside once the weather changes. Whitbread’s…
Underinsurance is alive and well in Australia. A recent report from Swiss Re has highlighted major concerns surrounding large gaps in property insurance for Commercial and SME businesses in Australia. Did you know that the annual uninsured loss for businesses in Australia is nearly an astounding $5 billion? And that 1 in 8 businesses do…
Breaking News: China has been blamed for a ‘massive’ cyber attack on Bureau of Meteorology supercomputer. Yet another incident highlighting the critical nature of Cyber Insurance within your Business Insurance Program. It has today been reported by ABC News that a ‘massive’ cyber attack has occurred at the Australian Bureau of Meteorology. It is alleged…
Yet another Australian business has fallen victim to cybercrime, where the personal details of over 5000 customers were compromised. Hackers were found to have breached the systems at Aussie Farmers Direct, in an attempt to blackmail the business for money, before they released the private customer data online. Unfortunately this example isn’t an isolated incident,…
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