It’s now two years since the COVID-19 virus appeared and we’ve now got some solid trend data about its impact on accidents and insurance claims. There’s been an increase in workers’ compensation and business interruption claims as well as catastrophe insurance, but a dip in general insurance claims. That’s partly due to government-imposed lockdowns, physical […]
Whether your business is back in full gear after the festive season or not, now’s the time to review your insurance to ensure it’s up to date. Delaying a review means your company risks being underinsured, which could have dire financial consequences. An annual review, such as at the start of the year, is a […]
Every insurance policy has limits that state the maximum monetary figure that will be paid out in the event of a claim. Indeed, some policies will have multiple limits and sub-limits. This article will demystify the different types of limits you’re likely to encounter with your package of insurance coverage. You’ll find out about policy […]
By Michael Cossetto, Eric Kwan and Natalie Zomaya | Mondaq What is an indemnity? An indemnity is a promise or guarantee to compensate someone for loss or damage suffered. Are indemnities required to recover loss? Put simply, no, an indemnity is not required to recover loss suffered under a contract. If a party has suffered […]
Prepping and protecting your business this bushfire season While the promise of warmer weather spells days at the beach and backyard BBQs, spring and summer can sadly also bring bushfires. Business owners can get ahead of the risks by putting a protection plan in place for property and assets. Why do we get bushfires? Despite […]
