Strata properties, such as apartment complexes or townhouses, present unique challenges when it comes to insurance coverage. The cost to insure the building is shared between all the apartment owners, and if something unforeseen occurs, and your building is not adequately insured, then the … [Read more...] about The Importance of Building Valuations and Mitigating Underinsurance for Strata Property Owners
Business Insurance over the festive season
With Christmas fast approaching, it is often the busiest and most stressful time of the year for many businesses. While we rejoice for the increase in customers and sales, the increase in activity can mean extra risk for your business. Now is the time to check in to ensure you have enough financial … [Read more...] about Business Insurance over the festive season
La Niña likelihood increases
It is that time of the year again, La Niña event is imminent. La Niña brings an increase in rainfall which in turn increases the risks of flooding and water damage to properties. The bad news is that the chances of a flood-inducing La Niña system forming this year have risen, yet again. According … [Read more...] about La Niña likelihood increases
What is Volunteer Insurance?
Whether you run a charity, a not-for-profit, or regular live events, volunteer insurance exists to protect both you and the volunteers that work for you. From music festival ticket collectors to ongoing charity work, volunteers are often the most important part of your organisation, and they need to … [Read more...] about What is Volunteer Insurance?
Social media risks for your business
Social media is everywhere. It’s unavoidable, it’s powerful, and it’s here to stay. That being said, social media does come with a set of risks. According to the latest EY Global Information Security Survey, 59% of organisations had a “material or significant incident” in the past 12 months. In … [Read more...] about Social media risks for your business
Design & Construct Professional Indemnity Insurance
Design & Construct Professional Indemnity Insurance (or D&C cover) is often confused by those who do not deal with the product every day. This article is written by Berkley Insurance Senior Underwriter Valerie Keown. Originally published here and republished on The Builders Broker website with … [Read more...] about Design & Construct Professional Indemnity Insurance
HBCF Builders Warranty Update
Premium changes from 30 July 2021 for Construction Type: Single dwelling alterations and additions & Torrens Titled New Duplex, Dual Occupancy, Triplex & Terrace % Change in Base Rate Construction Type 30 July 2021 C01 – New Single Dwelling -6% C04 – Single … [Read more...] about HBCF Builders Warranty Update
NSW EMERGENCY SERVICES LEVY
The NSW Emergency Services Levy has been under heavy scrutiny since the NSW Government postponed the transition to a property based tax in 2017. Since then, the contribution amount set by the Government has continued to increase, resulting in NSW paying some of the highest premiums in Australia, … [Read more...] about NSW EMERGENCY SERVICES LEVY