Self-driving cars may seem a fantastical concept, but they’re close to coming to market and pose very real implications for insurance coverage. However, Volvo have stated that they would assume full liability should any of its cars be involved in an accident while operating in autonomous mode. Self-driving cars are heralded to reduce the number of […]
Surfer Insurance Against Shark Attacks An Industry First
A new scheme is being offered for surfers, whereby they (or their next of kin) could claim up to $50,000 lump sum pay-out in the unfortunate event of a shark-related injury or death. This scheme, the first of its kind in Australia, will help give surfers more “peace of mind” while in the water. The policy […]
About Austbrokers Terrace
The origins of our business date back to the mid eighties, but we have traded as Austbrokers Terrace since 2005. While we consider our spiritual home to be Adelaide and its surrounds, we have established strongholds in Victoria, boast business throughout Australia, and place business both locally and overseas. Over time we’ve carefully selected our […]
Club Marine’s New Boating App a First for the Industry
Australia’s market leader in recreational boating insurance has released a new feature-rich mobile app for boaties. Created by boaties for boaties, the new app is “a first for the marine industry”. Highlights of the app include quick access to policy information – making it easy to quickly provide Proof of Insurance, lodge a claim on the go, renew […]
CGU Launches Revolutionary New Cyber Product into the Austra...
CGU Insurance has launched a new cyber defence product aimed at mitigating the rising tide of cyber-attacks. The company believes its new offering CGU Cyber Defence, developed with SMEcustomers in mind, will protect businesses from cybercrimessuch as privacy breaches, system damage, extortion, computer viruses, crime and hacking. Cyber security is one of the biggest issues facing […]
When To Use An Insurance Boker
Insurance brokers are experts in the insurance market, and – even with run-of-the-mill insurance – we can often find you better cover at a great price. Many people turn to comparison sites to look for the cheapest insurance, but that’s not always the best way. The policies you’ll be offered are fairly generic so if you […]
I’ll Take Cyber Insurance with That (Please)
You have either been hacked or are being attacked as we speak, or you will be in the future. It’s clear that Cyber insurance is a subject that is not often discussed openly and this is an area we are all learning about. Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, […]
Federal Court Bucks Trend, Rules General Liability Insurance...
In a verdict that runs contrary to recent judicial decisions under similar circumstances, a federal appeals court yesterday upheld a ruling that insurance firm Travelers Indemnity Company of America, under the terms of a commercial general liability (CGL) policy, has a duty to defend its client Portal Healthcare Solutions in a lawsuit stemming from an […]
Scam Warning: “You’ve Received a Subpoena”
Be wary about an email scam going around which states that you have been issued with a subpoena. The Australian Federal Police has received a large number of phone calls from the public in relation to this email, whereby it purports to be from the AFP, serving a subpoena upon the recipient. There are several links […]
Cyber Insurance
Cyber crime is anticipated to become a 2.1 trillion dollar problem by 2019. Don’t make the mistake of putting it off because you think it’s too expensive or, worse, that it can’t happen to you. Click here.
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