What is the retroactive date?

Here’s a short article from Berkley Insurance on the definitions of Retroactive Dates and why they are important. Professional indemnity insurance provides cover for professionals to protect them against losses from a breach of professional duty. Professional indemnity insurance is a claims-made and notified policy. This means if the insured receives notice of a claim…

The value to your business by using a broker

Brokers play a key role in the market for general insurance in Australia. They support clients to navigate a complex market, provide insurers with an effective product distribution channel. Brokers facilitate a more efficient insurance market, which supports risk management and economic recovery across society. Read more about the benefits to your business that an…

La Niña likelihood increases

It is that time of the year again, La Niña event is imminent. La Niña brings an increase in rainfall which in turn increases the risks of flooding and water damage to properties. The bad news is that the chances of a flood-inducing La Niña system forming this year have risen, yet again. According to…

What is Volunteer Insurance?

Whether you run a charity, a not-for-profit, or regular live events, volunteer insurance exists to protect both you and the volunteers that work for you. From music festival ticket collectors to ongoing charity work, volunteers are often the most important part of your organisation, and they need to be protected from accidents. Volunteer Insurance will…

Why do I need Professional Indemnity insurance?

Mistakes can happen. If your business is found liable for negligence, the costs can be financially devastating. Not only could you be subject to an expensive lawsuit, but your business’s hard-earned reputation may be damaged as a result. Professional Indemnity insurance is mandatory in some industries such as medicine, accounting, law, and financial advisers. However,…

Social media risks for your business

Social media is everywhere. It’s unavoidable, it’s powerful, and it’s here to stay. That being said, social media does come with a set of risks. According to the latest EY Global Information Security Survey, 59% of organisations had a “material or significant incident” in the past 12 months. In fact, social media risk management is…