Share Tweet Share Email If you have employees who are required to travel for work within Australia or abroad, you should ensure that you and they are not exposed to potentially large financial losses as a result of these travels. Expenses for medical treatment, emergency medical evacuation, flight cancellations,hire car excesses or lost luggage are several common losses that companies can face when their employees are on business trips Most firms tend to forget about arranging travel insurance or alternatively arrange a series of single travel policies via their travel agent. By far the best o ..read more

Share Tweet Share Email In recent years there have been major issues relating to Cladding, also known as Aluminium Composite Panels (ACP’s), of buildings. This issue is Global, with injuries and fatalities as a result of cladding fires, becoming front of mind in both the populace and government regulators. A major question that needs to be asked with regards to Cladding is what the Cladding or Façade of a building consists of, namely whether it is (FR) Fire Resistant or (PE) Polyethylene cladding and its many variants. Depending upon the response, the difference is substantial in terms of safe ..read more

Share Tweet Share Email The Coronavirus, otherwise known as COVID-19 or Wuhan Flu, is causing incredible havoc to the lives of people and the global economy in general. This is evidenced in massive swings in the stock market. The S&P ASX 200 Index decreased from a peak of 7,162 on 20th February 2020 to 5,304 on 12th March, 2020 – a drop of 25.94 % in value in less than three working weeks. The last time this type of market behaviour occurred was during the Global Financial Crisis (GFC). With the train wreck that is besieging us, several clients have asked whether they are insured for loss ..read more

Share Tweet Share Email Construction insurance policies cover Material Damage from Accidental Damage, Fire, Storm, Malicious Damage, Impact Damage and Theft, and also Liabilities from personal injury to Third Parties arising from the work. Business Insurance Specialists can assist in projects up to any value. What are the types of Contract Works Insurance Policies available ? There are three main types of Contract Works Insurance policies available for construction sites. These are: Annual Contract Works Single Project One Off Contract Works Owner/Builder contract works insurance Policies in ..read more

Share Tweet Share Email Medical indemnity insurance covers practitioners for both legal costs and the costs of awarded compensation if you are found to have caused harm by committing an error, omission or negligent act. As a health professional, your professional indemnity insurance covers both you and your patients if something goes wrong during medical care and your patient is harmed. How do I obtain a professional indemnity insurance quote for my practice ? Complete this initial one page form which should take less than two (2) minutes. QUOTE FORM You can partially complete and save the for ..read more

Share Tweet Share Email Business Insurance Specialists Pty Ltd has noted ASIC’s guidance to ASX listed company boards that Climate Change is a risk that must be discussed and action taken. The Australian Institute of Company Directors (AICD) as the major body representing directors in Australia has also taken a pro-active stance in stating that “… climate change risks, like other substantial risks, should be considered carefully by boards…”. From this standpoint, as both ASIC and AICD, believe climate change is a substantial risk, it makes sense for boards to review their risk, and to document ..read more

Share Tweet Share Email Insuring your Child’s Education School Fee Protect Insurance insures your child’s education against your unemployment or disability. Business Insurance Specialists Pty Ltd provides a very easy and fast application process to obtain a quotation. People insure their pets, their cars, their homes. What about your child’s education which is paid from your salary ? This product allows you to insure the cost of your child’s education due to disability or unemployment. The cost of the insurance is very reasonable. As an example, the cost is based on a percentage of your child ..read more

Share Tweet Share Email Business Insurance Specialists Pty Ltd has recently received several inquiries from people who are offering their homes for short term rent through Airbnb and seeking insurance. Following this, it is opportune to provide some guidance on insuring your home, contents, personal effects and also liabilities arising from the offering of Airbnb. Insurance is available, but as noted in recent financial press articles, it is important to ensure that your insurance protects you. The first question is, are you offering your whole house, or just one room, or multiple rooms to Air ..read more

Share Tweet Share Email The UK’s Grenfell Tower disaster has had widespread implications for professionals in Australia’s construction industry. Here’s how to help protect yourself if you’re a contractor who’s worked on any Australian building project. The UK Grenfell Tower disaster claimed the lives of 72 people on 14 June 2017. The tragedy unfolded on television and computer screens around the globe, serving as a sharp and tragic wake-up call to governments and regulators around the world that cheap, non-compliant cladding materials could create devastating fire hazards for high ri ..read more

Share Tweet Share Email Sydney’s violent hailstorm, which has left millions of dollars of damage in its wake, is a crucial reminder of how important it is to protect yourself against potentially crippling damage to your business. The incident, declared a ‘catastrophe’ by the Insurance Council of Australia, led to more than 15,000 claims in the 18 hours after it swept across Sydney and parts of the Central Coast on the evening of Thursday, December 20. It is anticipated the damage bill could reach more than $100 million. Car dealerships, also severely hit in Sydney’s 1999 hailstorm, could submi ..read more