INSURANCE NEWS

How to prepare your business for a natural disaster

An earthquake happens every day in Australia – are you prepared? Victoria’s recent magnitude 6 earthquake seemed like a rare event, but Australia experiences an earthquake daily, as Geoscience Australia shows. Luckily, we only get the magnitude five and above ones that do damage typically twice a year, but there will also be 80 magnitude 3 earthquakes, […]

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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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