A new report is highlighting the rising cost of replacing home contents after analysing figures from the past 10 years and comparing them to recent data. According to specialist research firm Sum Insured, it now costs almost $15,000 more to replace the contents of a typical home than it would have done in 2007. There […]
CHANGES TO CHAIN OF RESPONSIBILITY – OCTOBER 2018
Under new Chain of Responsibility laws, more parties to the heavy vehicle transport supply chain will have an increased duty of care. If you are involved in this industry, or engage companies involved in this industry, read on to see whether this applies to you. If you have any concerns or queries on this subject, […]
WHO WILL WIN THE WORLD CUP? AN INSURANCE ACTUARY’S TAKE…
Who will win the World Cup? JLT Specialty shares its study If you’re wondering who’s likely to win World Cup 2018, then this study from insurance broker JLT Specialty has interesting insights for you. Citing new research from JLT, Actuarial Post reported the odds – Brazil, with a 17.89% chance to bag World Cup victory, […]
TESLA CAR INSURANCE IDEA EXPANDING OVERSEAS
Tesla’s foray into designing its own car insurance program is looking like a good idea, as the Tesla Model S was recently named the most expensive car to insure in the United States. According to data from the Insurance Institute for Highway Safety, the Model S cost an average of US$1,789.48 in annual insurance paid. […]
NEW DATA REVEALS BROKER IMPACT ON SMEs
Demonstrating value-add can sometimes be a battle for brokers as consumers only see the biggest benefits of the relationship when it comes to claims time – however, one recent study has taken steps to quantify that benefit so brokers can show exactly how much they’re bringing to the table. Earlier this week, Vero released its […]
HOW CONTRACTUAL LIABILITY CAN IMPACT GENERAL LIABILITY
An expert has given his tips on navigating contractual liability and its relationship to general liability insurance cover. Glenn Eason, national liability manager at Solution Underwriting, said that insureds face exclusions on liability policies due to contractual liability – something brokers should be aware of. “General liability policy wordings will normally exclude contractual liability, although […]
ALLEGED SCAMMER FOILED BY DASH-CAM
A man has been caught in the midst of what appears to be an attempted insurance scam after one woman’s dash-cam recorded his bizarre behaviour. The footage, filmed in the UK, shows a man cycling into the centre of the road before throwing himself into the path of an oncoming car. He then lies prone, […]
IMPENDING CHANGES IN THE ‘CHAIN OF RESPONSIBILITY’ LAWS COUL
Changes to Chain of Responsibility laws will take effect soon – Prepare now, before time runs out. Changes to Chain of Responsibility may have a serious impact on your business. The below is an excerpt from a bulletin by Health & Safety. If you are concerned about these changes, the eBook “What Executives need to […]
AUSTRALIA & NZ JOIN FORCES ON BAD WEATHER
The Bureau of Meteorology has joined forces with its New Zealand equivalent, the National Institute of Water and Atmospheric Research (NIWA), to issue a joint statement on the “unusual” weather that plagued the region this summer. The joint special climate statement marks the first time the organisations have come together following the unusual climate that […]
USING A BROKER VS BUYING DIRECT FROM AN INSURER
If you have been dealing with an insurer direct for business insurance, now is as good a time as any to see if a broker can help you. Contact us now to discuss! When you’re a business owner, making sure your insurance policies protect your assets and your business are important and are often forgotten. […]
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