Hot & Dry Summer Ahead. Have the La Niñas Offset the Worst?
Last month, the Bureau of Meteorology announced the start of an El Niño weather pattern. Our country can, therefore, expect warmer and drier conditions for the next three months at least. What does that mean for you, your assets, and insurance? Factors influencing bushfires this summer We’re unlikely to see a repeat of the Black […]
Yes, You Can Insure Second-Hand Gear for Your Business
The options for buying pre-loved equipment for your business can be plentiful. They could include online marketplaces, retail, direct from an owner, via auctions or brokers. Maybe the gear is still within warranty or has been reconditioned, rebuilt, or is sold as is. The Ritchie Bros Annual Market Trends Report shows Australian figures for 2022 increased from […]
Misconceptions About Landlord Insurance Debunked
According to data from the ATO, nearly 2.3 million Australians declared rental income in 2020-21, with six per cent of landlords owning three or more properties. But despite these numbers, there are plenty of misconceptions about landlord insurance. This article covers the main four. Not tenanted? You should still insure it Typically, a landlord policy […]
Risk Management Tips for Australian Service-Based Businesses
As a service-based business operator, you typically enjoy lower running costs than those selling products. Instead, you offer intangibles, such as skills, expertise and time. However, you’ll still need to manage your risk profile. Here’s how professional indemnity cover helps shield your business from potential risks and exposures. Service-Based Businesses’ Risks and Exposures Consider how […]
Is Your Strata Insurance Really Looking After You?
Building defects are a common issue many investors and homeowners face. In fact, asmany as 85 per cent of new strata properties have defects. Some building flaws may seem trivial or superficial at first. But the reality is that a building can become uninsurable if defects are not dealt with properly. So how can you […]
Insider Tips on Managing Your Commercial Property Risks
As a commercial property owner, it is important to understand your responsibilities and ensure that you have the right insurance coverage to protect your property against potential damages. Unoccupied buildings During the pandemic, commercial buildings were often unoccupied temporarily or indefinitely. That can still happen today with the soft tenancy market in some parts of […]
Can You Claim on Your Home Insurance for Fence Damage?
Learn the rules about claiming for fence damage on your property Your home might be your castle, but the boundary fence is your front line. What does it mean for your insurance if your fence is damaged or destroyed? This article prepares you mentally for the process should you need to claim. Are fences covered […]
Mould: When Is It a Landlord or Tenant Problem or Both?
Who’s responsible for dealing with mould issues? Landlords or tenants? Mould and dampness affect up to half of Australian homes. Could your investment property be one of them? To grow, mould needs moisture, heat, darkness and poor airflow. It’s a year-round concern for landlords in Australia’s tropics. Elsewhere, mould can appear at any time if […]
How AI Is Shaking Up Insurance and What It Means for You
The rise of AI in insurance: What it delivers for policy-holders Artificial intelligence (AI) is changing the way insurance works. It’s part of the digitisation drive toreduce the sector’s dependence on manual processes. According to the professional services consultancy, McKinsey, AI uses computing to potentiallymimic the perceptions, reasoning, learning and problem-solving of the human mind.Already […]
