Those heading overseas during the upcoming school holidays could be buying travel insurance they do not need.Many credit cards come with travel insurance, often not just covering the card-holder but also the spouse and up to two children, provided they are still students.Online comparator Mozo … [Read more...] about Credit card travel insurance under the spotlight
UFI changes postponed
The Federal Government has quietly deferred a controversial plan to encourage greater use of unauthorised foreign insurers. Brokers had raised serious concerns about an Abbott Government initiative to attempt to lower insurance premiums in disaster-prone North Queensland by fostering greater UFI … [Read more...] about UFI changes postponed
How do you find good staff?
For decades, the employment section of the newspaper was traditionally the way job seekers got connected with employers…but that doesn’t work anymore! Job seekers, especially young ones, just don’t bother looking there. The job-hunting space has been taken over by web-based employment agencies such … [Read more...] about How do you find good staff?
The cost of Terrorism
As a result of the Lindt café hostage siege in Sydney that ended in tragic circumstances, the Federal Government has now determined the actions of the gunman was a terrorist act.This declaration was a key point for the insurance industry as the Terrorism Insurance Scheme that was created following … [Read more...] about The cost of Terrorism
Disaster recovery. There’s no quick fix
The Brisbane hailstorm event of late November 2014 led to more than 102,300 claims worth $1.08billion. The storm caused extensive damage to homes, businesses and vehicles as it ripped through the city at rush hour.The event may have slipped from front-of-mind position for many of us but there is a … [Read more...] about Disaster recovery. There’s no quick fix
“The Cloud”. What is it? Where is it?
In the simplest terms, ‘cloud computing’ means storing and accessing data and programs over the Internet instead of on and from your computer’s hard drive. ‘The cloud’ is just a metaphor for the Internet. There is no real, puffy white cloud involved; it’s just a 3rd party service provider’s server, … [Read more...] about “The Cloud”. What is it? Where is it?
Underinsurance. Surveys reveal alarming statistics.
Probably due to the harsh reality of the current economic climate, it is estimated that 1 in 6 small businesses have no insurance of any kind. Of businesses that are insured, half of these are insured for only 60 to 85% of Replacement Value. And it gets worse with the revelation that between 17 to … [Read more...] about Underinsurance. Surveys reveal alarming statistics.
Higher Excess can mean Lower Premiums. Not always a good move.
Most insurers will allow you to increase your excess to reduce your premium. Why? Because when you increase your excess it shifts some risk from the insurer back to you. It represents a saving for insurers, as they no longer have to pay out numerous small claims.Often people see a higher excess as … [Read more...] about Higher Excess can mean Lower Premiums. Not always a good move.