7 Types of Insurance Your Business Needs

Running your own business is exciting. It can also be risky. As a business owner, you’re exposed to a variety of business risks that could damage your business, cause you extensive financial problems or even sink your business altogether. But if you’re protected with the right insurance, you can go about your work with the…

Reviewing Your Business Insurance

Insurance is something that most business owners set and forget. They simply don’t think about insurance unless they need to use it. Like your business, your insurance needs will change over time. It is a good idea to review your coverage periodically to make sure that you are not paying for insurance that you don’t…

BI test case ruling goes against insurers

The NSW Court of Appeal has ruled against insurers in the business interruption test case heard last month. As insuranceNEWS.com.au has reported, the Insurance Council of Australia (ICA) and Australian Financial Complaints Authority (AFCA) agreed to launch the case to resolve uncertainty about outdated wording in pandemic exclusions. Some Australian insurers’ policies still include exclusions…

Australian insurers lose COVID-19 business interruption test case

The COVID-19 business interruption test case in Australia, initiated by the Australian Securities and Investments Commission (ASIC) and the Insurance Council of Australia (ICA), has finally concluded – with the New South Wales (NSW) Court of Appeal rejecting the industry’s argument that policies should not cover COVID-19 pandemic-related losses. The NSW Court of Appeal’s decision comes after…

Is your business fire safe?

Although bushfire season is here, this risk is only one of a host of different sources of fire. Arson is often the cause of fire and poor maintenance standards are another serious fire risk for businesses. For instance, damaged or old electrical cabling is all too often the cause of a fire, especially in older…