Keep up to date with the latest information from ARMA Insurance Hunter Valley

Steps to help businesses respond to a Cyber Attack

Responding to a cyber-attack is a critical process that requires a well-thought-out plan to minimise damage, protect data, and restore normal operations. Here are the steps to help respond to a cyber-attack: Identification and Verification: Detect the cyber-attack: Use intrusion detection systems, security information and event management (SIEM) tools, or anomaly detection to identify unusual or suspicious activities. Verify the attack: Ensure [...]

Should my business consider Cyber Insurance?

Cyber insurance can be a valuable tool for businesses to consider, especially in today's digital age where cyber threats are a significant concern. Whether or not your business should consider cyber insurance depends on various factors, including your industry, the nature and volume of data you handle, your risk tolerance, and your overall cybersecurity posture. Here are some factors to consider when [...]

Charges, Taxes, and Levies that may be applied to Home and Contents Insurance policies

The charges, taxes, and levies associated with home and contents insurance policies in New South Wales can vary depending on several factors, including the insurance provider, the specific policy, and changes in government regulations. These charges can change over time due to regulatory changes and company policies. Here are some of the several charges, taxes, and levies that may be applied to [...]

How are Home and Content insurance premiums calculated?

Home and contents insurance premiums are calculated based on several factors that assess the risk associated with insuring your home and personal belongings. Insurance providers use a combination of these factors to determine the cost of your premium. While the specific details may vary among insurance providers, here are the common factors that influence how home and contents insurance premiums are calculated: [...]

Things I need to know before I get Personal Accident and Sickness Insurance

Before you purchase Personal Accident and Illness Insurance, it's important to gather information and understand the policy thoroughly. This type of insurance provides coverage for accidents as well as illnesses that might lead to disability or medical expenses. Here are key things to know: 1. Policy Coverage: Understand what types of accidents and illnesses are covered by the policy. Ensure that the [...]

What Does Professional Indemnity Insurance Cover

Professional Indemnity Insurance covers legal costs, settlements, or judgments that may arise from claims made by clients due to alleged mistakes, negligence, or professional errors. It typically covers financial losses suffered by the client as a result of the professional's actions. Professional Indemnity Insurance provides coverage for a range of risks that professionals and businesses may face due to errors, omissions, negligence, [...]

Professional Indemnity Insurance: How it works

How Does Professional Indemnity Insurance Work? Professional Indemnity Insurance (PII), works by providing financial protection to professionals and businesses in case they are held legally liable for errors, omissions, negligence, or other professional misconduct that results in financial losses for their clients or third parties. If a client believes that a professional's actions have caused them financial loss, they may file a [...]

Why do I have to list accessories on my vehicle for my Insurance?

Having motor vehicle insurance gives you peace of mind while driving. Accidents can happen unexpectedly, and insurance provides a safety net that helps alleviate the financial burden and stress associated with such situations. It allows you to focus on your well-being and the well-being of others involved, knowing that you have coverage to handle potential damages or injuries.   The inclusion of accessories [...]

Why does my insurer need to know whether I use subcontractors or not?

Insurers often ask whether you use subcontractors as part of their risk assessment process. This information is relevant because the use of subcontractors can impact the level of risk associated with your insurance policy. Here are a few reasons why insurers need to know whether you use subcontractors: Risk Assessment: Insurance companies need to evaluate the level of risk associated with subcontractors, as [...]

Excellence in Broker Coaching & Mentorship, Australia 2023

Global Brands Magazine announced Amanda Morris as the winner of the award, "Excellence in Broker Coaching & Mentorship, Australia 2023". Global Brands Magazine (GBM) is one of the largest brand publications. The Awards were established to honour excellence in performance across industries around the world. This is the 11th Edition of the Awards.   Congratulations, Amanda! Your perseverance is an inspiration to everyone [...]

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