public liability

/Tag:public liability
Minimise risk for your business

Four ways to minimise risk to your business

Four ways to minimise risk to your business As a business owner you want to protect your people, property and reputation. Here are four risks to consider. One of the keys to running a successful business is understanding your risks. Business insurance is a great safety net; proactively managing your risk is equally important. The risks your business is exposed to depends on the industry you’re in and the scope of your operation, but here are some common threats all business owners should

ARPC Increase Insurance Premiums

ARPC increases terrorism levy see some premiums rise

ARPC increases terrorism levy see some premiums rise A recent Treasury review recommended the premiums charged by the Australian Reinsurance Pool Corporation (ARPC) be increased. As a result, some insurers insurance premiums for Commercial Property and Business Interruption have been increased from 1 April 2016. The increases apply across three tiers: Tier A, applying to CBD areas with populations over 1 Million, Tier B, for urban areas with population under 100,000 and Tier C for everywhere else. Vero Insurance and Allianz new

MECON Insurance announced agreement with AIG Australia

  Contractors Plant and Construction insurer MECON Insurance announced that it has entered into an underwriting agency agreement with AIG Australia. AIG will become MECON’s carrier for all current and expanding range of products, effective 1st June 2016. CEO of MECON, Glenn Ross commented “The move to AIG is thoroughly exciting and will allow MECON to expand its product range, reach and capacity. On a number of levels, the synergy with AIG is already inspiring and the partnership is a natural fit for MECON”. Ross acknowledged

Public Liability Insurer Rebrands

Public liability and professional indemnity insurer  W. R. Berkley Insurance Australia rebrands to Berkley Insurance Australia. W. R. Berkley Insurance Australia (WRBIA), currently a branch of W. R. Berkley Insurance (Europe), Limited (WRBIEL), has announced it will operate as a branch of Berkley Insurance Company (“BIC”). In addition, WRBIA will rebrand to “Berkley Insurance Australia”. BIC is the primary and largest underwriting entity within W. R. Berkley Corporation and

Professional indemnity premiums down 4 per cent

APRA-regulated general insurers wrote $1,318 million of gross premium during the 2013 underwriting year, down 3.5 per cent from the previous year ($1,366 million). This premium related to about 601,000 PI risks written in the 2013 underwriting year, up 12.0 per cent from the previous year (about 537,000). APRA has released the National Claims and Policies Database (NCPD) figures for Professional Indemnity and

Business Insurance

Do I need Professional Indemnity Insurance?

  Do I need Professional Indemnity Insurance? Traditionally Professional Indemnity (PI) Insurance was purchased only by the likes of Accountants, Lawyers, Engineers, Financial Planners and Medical Practitioners – by its very nature it was designed for those pure white collar professions – usually a requirement for membership to their Professional Associations or Licensing to Practice requirements.   We have in recent times seen an increasing number of industries purchasing PI cover, outside of these “traditional” Professions. What

Call Now ButtonCall For Quotes