INSURANCE NEWS

Your guide to landlord rights and regs around Australia in 2021

About one in ten of us are landlords, compared with one in 15 about two decades ago. And, the latest Census shows about a third of Australian households (2.6 million, to be specific) rent. But, with the Australian government’s rental debt relief, eviction bans, rent freezes, and JobKeeper disappearing at the end of March, there was potential volatility […]

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How much would a cyberattack set back your business?

The average total cost of a cyber data breach in Australia last year was $3.35 million per breach. That’s $163 per lost or stolen record, according to IBM’s 2020 Cost of a Data Breach Report. That’s due to each breach taking 296 days to identify and contain. IBM is working with different data than the Australian Cyber Security Centre. That […]

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How to prepare a business interruption claim

According to the Insurance Council of Australia, most business interruption policies weren’t designed to cover pandemics. Insurers didn’t factor them into their costs, and reinsurance wasn’t generally available for pandemic cover. This means there were no reserves set up for pandemic-related claims. But businesses shouldn’t necessarily see that as a brick wall to claiming on business […]

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