Business interruption (BI) policies are a hot topic in the insurance world – and Australia is no exception. A test case focused on BI claims denied by Hollard Insurance and HDI Global Specialty has been heard in the NSW Court of Appeal and is currently awaiting a decision. At the crux of the case are exclusion clauses in both…
Running a business has a number of responsibilities and associated risks whether you are a sole trader or global enterprise. Business insurance can protect you against the financial damage of business risks giving you peace of mind to concentrate on growing your business. In Australia, some insurances are compulsory – if you hire employees you…
So far, this year has been one of dramatic change. From the Black Summer bushfires, floods, hail and drought to the unprecedented COVID-19 global pandemic, 2020 has forced brokers to step up to help their clients survive. In this year’s edition of the Top Brokerages, IB set out to identify the brokerages that are leading their clients…
Ken Dixon, Director of Dixon Insurance Brokers says “this as a great result prior to our client’s October 2 test case in the Appeals court of NSW in which the courts will be ruling on the Quarantine vs Biosecurity Act clauses in our Australian policy wordings” The day of judgement for the FCA business interruption…
Read the full article published 11 September 2020 in Insurance Business magazine. As a result of the current pandemic event and an omission by some insurers to update their pandemic exclusions, human infectious disease clauses for Business Interruption (BI) policies will come under close scrutiny by the courts. The BI policy normally covers only…
Are you sure you are covered? Don’t wait until you need to claim to discover your policy isn’t what you need. If you’ve had the same insurance for a while it’s quite likely that your circumstances have changed since the policy was first taken out. As part of our client service we can handle your…
The insurance industry’s “watershed moment” is currently underway in the Supreme Court as it hears the contentious case of whether the coronavirus pandemic can be exempt from certain infectious diseases exclusions in business interruption policies. The Insurance Council of Australia (ICA), Hollard Insurance Company and HDI Global Specialty SE have each submitted pleadings to the…
We are pleased to advise one of our client’s Business Interruption Claims is being used as a Test case in the Supreme Court and being represented by Clayton Ulz Lawyers. By representing our client’s requirements under their claim in a professional and proactive way with reference made to our emailed blogs and interpretation of the…
It’s a fast moving world, especially at the moment. Even though there’s so much going on, it’s essential to update your insurance broker any time your circumstances change to help ensure the cover you have in place is still appropriate for your enterprise. A popular business pivot many beer and spirit firms have undertaken in…
A hardening market can mean higher premiums and tougher underwriting decisions – so it pays to get an expert on your team. Like any market, the business insurance market experiences different cycles that can affect pricing and how easy it is to get cover. Depending on the stage of the cycle we’re in, this can…