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,…
News outlets across the country have issued various reminders and warnings for Australians to be prepared for the upcoming bushfire season this summer. A strong El Nino weather pattern could see very dry conditions create a significantly increased fire risk. Below we provide some advice on how you can best prepare your property and make…
Research on distracted driving conducted in the US has uncovered some alarming statistics on common causes of distraction which in many cases can lead to road accidents. Below, we explore the main causes of driving distraction as outlined in the study, and the increased risk drivers face as a result. Prof. Allan Manning, LMI Group…
An Australian insurer has launched a direct insurance, lower cost offering for strata unit owners and body corporate committees in North Queensland. But, is this really going to be of any service to the Strata industry? On 30th April 2015, the National Insurance Brokers Association (NIBA) released a statement in response to this new offering,…
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