The insurance industry has evolved significantly over the last decade. Now, small business owners can choose whether they want to meet a broker face to face to discuss their needs, order an insurance policy online or even pick up a policy while going through the supermarket check-out.   Aggregator sites have also commoditised business insurance, […]

In late 2016, the Australian Red Cross Blood Service made headlines for all the wrong reasons after it emerged that the personal information of more than half a million blood donors had somehow found its way onto a publicly-facing website. It was discovered that a file containing donor information, including names, gender, addresses, blood type, and phone […]

If you are in the hospitality industry and you’re not concerned about network and security privacy (NSP) risk, you probably should be. Cybercrime is on the rise. The cost to Australian businesses alone is estimated at $4.5 billion each year The hospitality industry is particularly vulnerable to NSP risk for a number of reasons, including […]

Donald Trump’s administration seems to be the biggest concern. There is much uncertainty surrounding the security industry for 2017, and according to experts in the field, a lot of the trepidation is directly connected to what the nation’s next president will do. Click here to find out what security vendors and analysts are predicting for the year ahead. Source: […]

CGU Insurance will apply to the Federal Court of Australia for confirmation of a scheme to transfer all of its insurance business into a related company called Insurance Australia Limited (IAL) effective on or about 1 August 2017. What does this mean for CGU clients? The proposed transfer will have no impact on CGU clients. […]

Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled to punitive damages, the jury in Manhattan said. Lawyers for both sides were presenting evidence on Friday to help determine the amount of punitive damages.For commercial […]

Public liability insurance provides cover for any awards of damages given to a member of the public because of damage to their property, or an injury to their person that was caused by you or your business. The protection offered by public liability insurance covers a broad spectrum of potential claims and, whilst it is not a […]

We are specialists in food industry insurances. We appreciate the unique circumstances of your business and will find you the best value outcome. Whether you’re a restaurant owner, a cook, a chef or anything in between, we understand the food and hospitality game. Click here to contact us fo find out more. www.abterrace.com.au 

AAMI’s claims data reveals the top 6 claims for small businesses in the beauty industry such as beauticians, hairdressers and nail technicians are: 1. Fire and storm damage 2. Glass 3. Theft 4. Money 5.Back in Business 6. Public Liability See PDF here. Source: Business Insurance Hub/AAMI