The insurance industry works in cycles and moves between what is termed ‘soft’ and ‘hard’ market conditions. Put simply – in a soft market insurance rates reduce Insurers are keen to write business investment earnings are high for insurance companies The other side to this is a hard market which is characterised by increased premium...
As cyber attacks become more sophisticated, it’s increasingly critical to have the right Cyber Insurance policy in place. Last week’s Cyber Attack on Channel 9 shows how vulnerable businesses of all sizes are against acts of this nature. And the risk is only increasing with employees splitting work between office and home. Think about how...
With severe weather and flooding affecting many areas of NSW, our thoughts are with everyone who has been affected by the storm and flood damage. We have had several clients across NSW call for assistance throughout this difficult time. While the weather has improved and flood waters are receding, there are still areas that remain...
We are all very aware of the cyber risks associated with running a small business or those of a large corporate company. But have you ever thought about the risks you have before you in your own home? Technology is a huge part of our lives – 86-88% of all householders now have the internet. Families...
The world has changed a lot especially of late and the bricks and mortar offices of insurance brokers are probably not as relevant as they were previously. With the global pandemic, our insurance office doors in Geelong and Werribee have had to close and we have been forced to communicate via phone, email and zoom...
With the existence of COVID-19 Insurance companies have an increased risk exposure to claims for tenants being unable to meet their rental obligations whether your investment property is in Geelong, the Surfcoast ,Werribee or Melbourne. Most Landlord Insurance Policies have an option for Rent Default which can cover the landlord for rent if the tenants...
If you are no longer working or operating your business, you might think it is okay to just cancel your Professional Indemnity Insurance. This couldn’t be further from the truth and you could be opening yourself up to a huge risk. Professional Indemnity Insurance works on a “claims made” basis. This means that in order...
Did you realise that from December 1 2019 the Victoria State Government brought in new laws requiring owners of swimming pools @/or spas to register them with the local council. The final date for lodging an application to register is the 1st June 2020. Once registered, a further step is required in that owners are...
In these uncertain times when businesses are not operating or operating on a smaller scale, owners might be tempted to drop their Liability Insurance. They might think that they do not have any risk exposure however they most probably still do. Anyone considering cancelling their Liability Insurance policy should read this. Our Geelong Commercial Insurance...
If you have either temporarily closed your business or have moved to remote working operations there are some things you need to consider. Zurich have prepared the general advice checklist below on how to protect your vacant premises which will assist all business owners. If you are in this situation please contact us, it is...
