Business Interruption Insurance - Introduction: Business interruption insurance plays a crucial role, as highlighted by a recent fire incident at a waste fuel depot in Adelaide. Although the immediate physical impact on nearby businesses appeared minimal, the true extent of the damage became apparent in the following days. Notably, a... read more →

When you receive THAT phone call, email or letter, your heart sinks.  As a professional, there is nothing worse than the reality or perceived reality that you’ve made a mistake. What happens next for a Professional Indemnity claim? Do you jump on a device and write a letter responding to the... read more →

Stop! Don't Sign That Contract Just Yet If you are a business owner, signing contracts is part and parcel of the daily running of your business. Whether it be contracts for firms providing goods or services for your business, or your business providing goods and services for another firm, it is not... read more →

For small business owners, vicarious liability is an important concept to understand. Why is that? Because vicarious liability can mean you and your business are held responsible for any claims that may arise as a result of the actions of your subcontractors. Defining a Subcontractor The use of subcontractors is... read more →

Do you have Management Liability Cover? When it comes to Management Liability cover, it is important to understand that these policies will typically contain a “Confidentiality Clause”. So what does this mean to you, the insured? And why is it included in policy wordings? According to Steadfast, the intention of... read more →

It is a question that is being asked a lot more frequently by clients and the answer can be confusing. Online businesses face increasing risks associated with doing business online. Companies who face an higher risk include: Online Retailers including Supermarkets & Department Stores Hospitality Providers including Hotels, Pubs &... read more →

On 11 June 2020, the New South Wales (NSW) Government unanimously passed the Design and Building Practitioners Bill 2019. The legislation, designed to rebuild a transparent and accountable building industry, is the first step in regulating the building industry - both in NSW and nationally. For many years, substandard work... read more →

In many countries around the world, the risks associated with Asbestos exposure are widely known. There have been a significant number of claims in recent years associated with asbestos exposure, notably in the media you can recall manufacturing company James Hardie providing millions of dollars' worth of compensation to victims... read more →

Wimbledon will receive a $141 million insurance payout after its 2020 coronavirus induced cancellation. This is great news for Wimbledon along with its sponsors, fans and investors. It’s incredible foresight to have this insurance and they’re fortunate to be able to invest $2M a year for this cover. From experience,... read more →

In one of our previous blog posts, we explored the importance of having a well implemented Business Continuity Plan to adequately deal with any disruption to the daily activities of your business. Having an effective business continuity plan assists businesses in being able to anticipate, prevent and prepare for any... read more →

In Australia, many regulatory government bodies have become increasingly stringent regarding Occupational Health & Safety within the workplace. As a result, it has become extremely important for businesses to ensure they not only have the correct policies and procedures in place to ensure the safety of their employees, but to... read more →

A question that is regularly raised by clients is: How do I decide what on limit of Professional Indemnity cover I need? This can be a pretty tricky question to answer as there is no real set answer. Every business is different and is governed by different industries, associations and... read more →