Legendary Rockers tamed by Insurance In the 1960s, it would have seemed that The Who were used to insurance claims following their rumoured penchant for trashing hotel rooms. Nowadays, it seems the legendary rock band have finally learned their lesson and are listening to the powers that be as 71-year-old lead singer, Roger Daltrey, revealed […]
Would a Jurassic World be insurable?
Insuring Dinosaurs On a recent episode of the UK program Mock the Week, a British-Canadian comedian responded to the prompt “Lines You Wouldn’t Hear in a Sci-Fi Movie” with: “The dinosaurs are killing everyone. Why do we keep reopening this park? Who keeps giving us public liability insurance?” As it turns out, however, coverage for […]
Where Australia sits on the world risk scale
Australia takes a tumble Australia has taken a ten spot tumble down an FM Global ranking of businesses resilience to supply chain risk, falling from 4th to 14th. The Resilience Index is compiled annually using three core factors of business resilience to supply chain disruption: economics, risk quality and qualities of the supply chain itself. […]
Professional Persons Policy
A benefit for all professionals We at Austbrokers Terrace take great pride in the pricing and policy conditions we are able to offer those professionals that operate within the Dental Industry. What is even more pleasing is the fact we have the ability to provide this policy to any professionals reconsidering their current insurance program. […]
The Six Components Of Management Liability
Management Liability Pillars For any one wondering about the key components of management liability, we provide a simple synopsis. We hope this is of value to our existing and potential clients as well. Insured persons liability Covers loss arising from claims brought against the directors, officers or employees acting in a managerial or supervisory capacity […]
Serious Cyber Crime Incident
Another Cyber Crime Incident ! The following article is indicative of the inability for Business to combat the ever increasing Cyber Crime epidemic. This class of insurance will become the money cover of a decade ago and it is vital that the public at large recognise this growing exposure before it is too late. Speak […]
Murphy’s Law
“It won’t happen to me” The above title could also be ‘famous last words’ The point is , we do ‘get it’. We all make judgements based on knowledge and history, and make snap decisions daily based on weighing up the risk. We ‘risk’ swimming with 5,000 fellow beachgoers on a hot day knowing that […]
BI – An explanation of the almost unexplainable
READY FOR THE WORST Business Interruption is probably the insurance product that is less understood by both the public and insurance industry alike. Our team have has much experience and understanding as any of our peers and are enthused to assist our existing or potential clients on getting this right, as to not do so […]
Important Cyber Crime Information
SMALL BUSINESS SCAM WARNING Small businesses have been warned about a rise in ransomware cyber scams, estimated to cause losses of up to $1 million a year. ACCC Deputy Chair Dr Michael Schaper says that the ACCC received more than 2500 ransomware complaints last year. “Several people reported losing over $10,000 to these scams, which […]
Small Business Directors Defined
Are you a small business director? Small business owners are offered a helping hand with a new online resource explaining roles and responsibilities of company directors. Released by ASIC, the resource may be useful to brokers when initiating discussion with their small business clients about directors and officers insurance. Furthermore, the guide offers a reminder […]
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