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June 2016 - Austbrokers Terrace Insurance | Adelaide | Melbourne

Your Superannuation + its Default Insurance

The case of how one REST Industry Super member was denied a payout on her disability insurance highlights much broader problems in the system.  Most Australians, although they might not realise it, pay for three types of insurance via their super fund. Death cover, total permanent disability (TPD) cover, and income protection are standard inclusions.  Individuals typically have […]

Cyber Security

Cyber Security

The UK Government’s Cyber Security Breaches Survey found two thirds of large businesses experienced a cyber breach or attack in the past year, with 70% of incidents involving viruses, spyware or malware. The most expensive breach recorded cost the company involved £3m, while the average cost of an attack on a large business was £36,500.  Geoff […]

Austbrokers Testimonials

Thank you to Arthur Diamond from Diamond Brothers for this testimonial: “The Heavy Haulage Industry has gone through many ‘ups and downs’ over the last few years and our business has had to adapt accordingly. Austbrokers Terrace has worked alongside us during this period, keeping us informed at all times of how our insurances are […]

When To Use An Insurance Broker

If you’re thinking of buying an insurance policy for something you don’t know much about or insuring something fairly unusual, you might want to think about using an insurance broker. They’re experts in the market and – even with run-of-the-mill insurance – they can often find you better cover at a great price. Many people […]

Insurer QBE’s Invitation to Activists

Keep protesting! That’s the message QBE CEO Group John Neal had for climate change activists and investors, who launched a publicity-generating attack on the company recently, to coincide with the insurer’s shareholder meeting. Neal said he encouraged them to protest the company’s underwriting of the fossil fuel industry, saying their voices were ‘important’ in the climate change […]

Business Should Invest in Robust Cyber Coverage

The release of Verizon’s 2016 Data Breach Investigations Report (DBIR) underlines the need for businesses to have robust cyber coverage and for brokers to have conversations with their corporate clients about cyber security, says a top cyber and financial institutions specialist. A cyber policy can provide everything from cover for fines, investigations costs, IT forensic […]

2016 Budget Good News for Insurers

The Insurance Council of Australia (ICA) has welcomed the increase in funds allocated in the 2016 Federal Budget towards making Australian communities and infrastructure more resilient to natural disasters. Rob Whelan, CEO of the Insurance Council of Australia, said with state and territory governments typically committing to match federal funds delivered through the partnership, more than […]

Benefits of an Insurance Broker

We don’t mind which way you get in contact with us! Whatever works for you, works for us!  Whereas, going direct to an insurer, you are more limited in forms of contact available to you. Be assured with us, you can speak to your broker via any means, any time. We are here to assist. […]

How to Keep your Small Business Safe from Online Scams

Australians lost more than $229 million to scams last year, according to the competition watchdog. The Australian Competition and Consumer Commission’s today revealed it received around 105,000 scam complaints in 2015, totalling $85 million in lost money. Sole traders and small business owners need to be very careful when giving out credit card or website […]

New Drought Insurance Product

A drought insurance product, based on one created for Kenyan farmers, is being developed for the Australian market. The Swiss-based CelciusPro, which has an offshoot in Australia, launched a pasture drought insurance program last October developed in conjunction with the World Bank, Kenyan government and International Livestock Research Institute. Read more here. Source: Insurance Business […]

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