The relationship between insurance and asbestos is complex, which makes it difficult to determine liability… … However, it is no secret that asbestos is a very real menace especially in Australia. And as risk management professionals you need to ensure that your clients are aware of the peril and are complying with their legal obligations around asbestos. Insurance […]
FLOOD INSURANCE – SHOULD YOUR BUSINESS TAKE OUT COVER?
Many Householders insurers are making Flood Cover compulsary. But what factors come into play when insuring a business for flood cover? After the 2011 floods in Queensland, the government discussed the idea of making flood cover compulsory in all insurance policies, including business insurance. Though the legislation did not go through, many insurance companies amended […]
BUSINESS INTERRUPTION INSURANCE: WHAT IS IT?
Business Interruption Insurance can “make or break” your business’ recovery from a major event. Business Interruption insurance is basically talking about the money or income you may lose when your business is, for some reason, interrupted and unable to operate. This may happen due to a variety of causes such as a natural disaster, or […]
BUSINESS INSURERS TOO SLOW TO REACT TO CLAIMS?
Following a loss, it is vital that your insurance returns you to your pre-loss situation. Are slow claims turnarounds a concern for your business? Our dedicated claims team ensure that your claim is turned around in a timely fashion. Contact us today to find out how we can help your business. SME’s left short funded following losses Insurers […]
HOW MUCH DOES PUBLIC LIABILITY INSURANCE COST
The fastest, most accurate way to find out the cost of public liability insurance for your business is to get a quote. In general, the cost can vary quite a bit, depending on factors such as: The type of business The level of public liability coverage What’s included and excluded from a particular policy. Discover […]
DEMYSTIFYING CYBER INSURANCE COVERAGE
Organizations continue to invest heavily in cybersecurity efforts to safeguard themselves against threats, but far fewer have signed on for cyber insurance to protect their firms after an attack. Why not? What roadblocks exist, and what steps could the industry take to help clear them? Discover more here. Source: dupress.deloitte.com
THE CHANGING FACE OF INSURANCE CLAIMS IN MANUFACTURING
Today, insurance claims in manufacturing are changing. Small to medium sized manufacturers are finding themselves forced to consider insurance that didn’t even exist 10 years ago. So what do you need to consider now? Do you know the risks you face every day? Have you kept up with your legal obligations? Discover more here. Source: […]
HOW OFFICE HELPS PROTECT YOU FROM PHISHING SCHEMES
Don’t fall victim to ‘phishing,’ an online fraud technique to lure you into disclosing personal details. There are many different tactics used to lure you, including e-mail and Web sites that mimic well-known, trusted brands. Phishing includes tips on how to identify phishing schemes and follow best practices to avoid becoming a victim of online […]
Target Reaches Settlement Over Customer Data Breach
Target will pay $18.5 million to 47 states and the District of Columbia as part of a settlement with state attorney generals over a huge security breach that compromised the data of millions of customers. The settlement ends a year long investigation into how hackers obtained names, credit card numbers and other information about tens […]
Rising Tide Of Cyber Attacks On Financial Institutions
Banks, investment companies, and insurers are prime targets for cybercriminals looking to steal money or information, disrupt operations, destroy critical infrastructure, or otherwise compromise data-rich financial services institutions (FSIs). Indeed, FSIs lead the pack in terms of the average cost of cybercrime incurred by companies in a particular industry, counting both internal activities and external […]
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