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 […]
CYBER THREATS: JUST HOW MUCH DOES YOUR BOARD WANT (AND NEED)...
The following is an opinion article written by Peter Bailey, general manager, Aura Information Security. The views expressed within the article are not necessarily those of Insurance Business. With digital technology now a critical part of modern business, keeping systems and data safe has become a board-level issue. Where once responsibility would have been delegated […]
DAMAGE TO RENTAL PROPERTIES DRIVES UP PREMIUMS
Tasmania continues to face rental housing shortage – an issue made worse by damages to rental properties that not only discourage people from investing in housing, but also drive up insurance premiums. In a recent case, Abby Cooper, PRDnationwide property manager, told of massive damage to a client’s Rokeby property caused by departing tenants who […]
CLASS ACTIONS TAKING OFF IN CYBER MARKET?
Shareholder class action lawsuits could soon make their presence felt in the cyber insurance market, an expert has said. According to Bloomberg, tech giant Yahoo last month reached an $80 million settlement with investors over claims that executives concealed data breaches following an attack thought to have shaved US$350 million off the valuation of the […]
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. […]
IP EXPOSURE COULD HAVE A “DISASTROUS” IMPACT ON CLIENTS
Are you concerned about your business’ IP exposure? Or have a contractual IP insurnace requirement? Contact us to discuss further Intellectual property risk is currently largely uninsured and could have “disastrous” effects on clients, particularly smaller businesses, an expert has said. Erik Alsegard, IP practice leader at CFC, said that IP risks generally fall into […]
QBE COLLABORATES WITH SYDNEY SWANS TO LAUNCH VR TECH
QBE is set to explore the use of virtual reality (VR) in helping create safer roads and faster disaster responses with the launch of a first-ever, immersive 360-degree VR AFL fan experience on April 1 at the Sydney Cricket Ground (SCG). The VR technology, called Swans360⁰, will provide football fans with the fully immersive experience […]
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