Food for thought In NSW, restaurant kitchen indiscretions are plastered on a public website for all to see. In Victoria, council officers have the power to shut down hygienic premises. In Queensland, food suppliers that fall afoul of regulations can be fined more than $75,000.These are just some of the risks faced by any business […]
Stranded In Bali without the correct Travel Insurance
Having the right Travel Policy The current news cycle has been dominated by the news that many Australians are either stranded in Bali, or unable to begin their long awaited holiday due to volcanic activity causing a hazard on the regular flight paths. It won’t be long before the more sensationalist media avenues will be […]
‘Cyber’ – Is the name itself misleading?
Cyber Crime – facts and figures Barely a day goes by without some form of data breach being reported in the media, be it a competitor looking to gain an edge by stealing sensitive data, a disgruntled ex-employee looking to take retribution on a former employer, or the more traditional image of a technology “nerd” […]
Who would have thought!
Legendary Rockers tamed by Insurance In the 1960s, it would have seemed that The Who were used to insurance claims following their rumoured penchant for trashing hotel rooms. Nowadays, it seems the legendary rock band have finally learned their lesson and are listening to the powers that be as 71-year-old lead singer, Roger Daltrey, revealed […]
Would a Jurassic World be insurable?
Insuring Dinosaurs On a recent episode of the UK program Mock the Week, a British-Canadian comedian responded to the prompt “Lines You Wouldn’t Hear in a Sci-Fi Movie” with: “The dinosaurs are killing everyone. Why do we keep reopening this park? Who keeps giving us public liability insurance?” As it turns out, however, coverage for […]
Where Australia sits on the world risk scale
Australia takes a tumble Australia has taken a ten spot tumble down an FM Global ranking of businesses resilience to supply chain risk, falling from 4th to 14th. The Resilience Index is compiled annually using three core factors of business resilience to supply chain disruption: economics, risk quality and qualities of the supply chain itself. […]
Professional Persons Policy
A benefit for all professionals We at Austbrokers Terrace take great pride in the pricing and policy conditions we are able to offer those professionals that operate within the Dental Industry. What is even more pleasing is the fact we have the ability to provide this policy to any professionals reconsidering their current insurance program. […]
The Six Components Of Management Liability
Management Liability Pillars For any one wondering about the key components of management liability, we provide a simple synopsis. We hope this is of value to our existing and potential clients as well. Insured persons liability Covers loss arising from claims brought against the directors, officers or employees acting in a managerial or supervisory capacity […]
Serious Cyber Crime Incident
Another Cyber Crime Incident ! The following article is indicative of the inability for Business to combat the ever increasing Cyber Crime epidemic. This class of insurance will become the money cover of a decade ago and it is vital that the public at large recognise this growing exposure before it is too late. Speak […]
Murphy’s Law
“It won’t happen to me” The above title could also be ‘famous last words’ The point is , we do ‘get it’. We all make judgements based on knowledge and history, and make snap decisions daily based on weighing up the risk. We ‘risk’ swimming with 5,000 fellow beachgoers on a hot day knowing that […]
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