Up to eight in 10 homeowners are underinsured. It’s a problem the Australian Institute of Quantity Surveyors (AIQS) is hoping to solve. It’s lobbying for the insurance industry to compel residential property owners to have a professional replacement and assessment report before they can be insured. What do quantity surveyors do? Quantity surveyors are degree-qualified to advise on construction […]
The difference between insuring your work vehicle(s) under personal or commercial cover may not appear much, but the deeper you look, the more they diverge. Here’s why it’s important to know what distinguishes these policies. This will help you secure the correct cover to protect your assets. How are personal and commercial car insurances different? […]
Fraudsters tend to keep a step ahead of everyone. If you think you understand the problem of fraud and economic crime now, you may see it change by June due to the pandemic’s impact. That’s a finding from the Australian Institute of Criminology‘s report on fraud and its relationship to pandemic and economic crises. It says […]
There’s much more to professional indemnity insurance (PI) than meets the eye. This type of insurance helps cover the cost of legal action for losses others experience resulting from your services including professional advice. For example, it could cover contract breaches, such as: Not achieving the results of a contract (completing a report on time) […]
As we’ve seen with the devastating northern NSW and Queensland floods – and costliest ever – earlier this year, a one-in-1,000-year flood doesn’t only occur every millennium. Despite the minuscule 0.1% chance of that type of flood happening in any location any year, it can occur in two consecutive years, says Weatherzone. That’s what the town of Lismore has endured already this […]
