Insurance and contractors: have you got it covered?

Hiring a contractor or sub-contractor is often appealing to time-poor, cash-strapped small business owners. One big reason is that they take care of their own insurance (as opposed to the business owner having to provide coverage for them, as is the case with employees). But what if things aren’t quite that straightforward?   Imagine the following…

Workers’ compensation is everyone’s business

Business owners are required to navigate the complex world of workplace safety. Here’s some things you need to know to ensure your business is compliant. Injury in the workplace Illness or injury in the workplace is more common than you might think. No matter what industry you’re in, it’s an area of running a business…

PRODUCT RECALL

Allianz Australia Insurance has recently been made aware of a product recall issued by electrical product manufacturer, Eaton Industries Pty Ltd. The recall relates to one of the most popular components used in light commercial switchboards across Australia. The recalled product is the Eaton Quicklag ELQ Earth Leakage Circuit Breaker, manufactured between 1 April 2004…

Ransomware attacks intensify

As extensively covered in the news, a new and aggressive strain of ransomware recently wreaked havoc on organisations around the globe. To assist policyholders with any concerns, the following risk management tips may be of assistance. CHECKLIST FOR RANSOMWARE PROTECTION   Ask your IT specialists or department to give you assurance on these five points…

Cyber-crime: A growing menace

The reality is that all companies, large or small are targets for cyber criminals. Unfortunately many businesses operate under the belief that their existing insurance policies are enough to cover their data security and privacy exposures. This is not the case. Australian insurance companies however are at the forefront in making good the damage of…

Corporate Travel Insurance

    If you have employees who are required to travel for work within Australia or abroad  you should ensure that you and they are not exposed to potentially large financiallosses as a result of these travels. Expenses for medical treatment, emergency medical evacuation, flight cancellations,hire car excesses or lost luggage are several common losses…

Why use a broker?

Why use an insurance broker? For the peace-of-mind. That’s why. There is nothing worse than paying a premium for insurance, then, when you lodge a claim following an insured event, find that you get the runaround from the insurance company and, eventually, a settlement that leaves you well out of pocket. Buying your business and…