Professional Indemnity Risk Management: A Comprehensive Guide
In today’s highly litigious business environment, managing professional indemnity (PI) risk is essential for protecting your business from costly legal claims. Whether you're a consultant, architect, accountant, or any other [...]
What Role Does an Insurance Underwriter Play?
In the world of insurance, underwriting is a crucial process that often happens behind the scenes. It's a term you might hear in discussions about insurance policies, loans, and investments, [...]
Protect your rental properties from accidental damage and liabilities – Landlords Insurance
Renting out a property that you own can be daunting – even with good tenants, things can and do go wrong sometimes. If you own an investment property that’s rented out, you need to protect yourself against potential damage to your property and assets. Landlords have different risks to standard home owners – and these are often not included in a standard Home [...]
How to compare Mining Contractor Insurance premiums and policies
Working as a tradesperson in or around mine sites means you are surrounded by a unique set of risks. For that reason, insurance companies have a specific set of policies and practices around insuring mining contractors. If you are tradesperson or consultant that works with mining companies, you are required to have your own insurance that is specific to mining contracting and operations. [...]
Underinsurance on your Home & Contents and the Consequences.
As we watch the devastation across Queensland and New South Wales with these floods and crazy weather, we feel it is important for all of us to check-in and make sure we have an adequate sum insured for our home and contents insurance policies. Hence, in the event we suffer a total loss, we can actually replace our assets. [...]
What is Home & Contents Insurance?
One of the two basic types of home insurance is contents insurance. It protects the contents of your home in the event of theft, loss, or damage. These also cover situations beyond your control, such as fire, theft, storms, floods, ground movement beneath your property (also known as subsidence), and water leaks. Home insurance is only required if you own the property. Contents [...]
Farm Insurance
Are you living on acreage? Are you sure your current insurance company knows about this and covers you? Time and time again we see clients with farms taking out policies where the insurer is not aware they live on acreage. This is a massive exposure now and more and more insurers are withdrawing from this market, especially with your home and contents and [...]
What is Cyber Insurance?
Cyber Insurance helps secure your business from online threats. It gives business owners peace of mind and security against cyber-attacks, such as hacking, data theft, or ransomware. Any businesses that have websites or computerized records are prone to accidental data breaches and cybercrime where the consequences can be exorbitant. You could be up for the cost of ransoms or IT solutions to access [...]
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Benefits of Using an Insurance Broker
A statement all too often heard, unfortunately, when an insurance claim is declined or not fully paid out: “But I thought it was covered under my insurance policy?” When an insurance policy was purchased directly from an insurer, you become solely responsible to ensure the type of cover is appropriate and the sums insured are adequate to secure your assets in a claim. [...]
$51,000 Business Email Scam: Tradies Disappointed By Banks
On her son’s 9th birthday, Jane Fleming was completely engrossed at the thought of how she lost $51,000 to be exact while lighting her son’s birthday cake. It was on this day that she’s come to the realisation of having transferred the amount into a scammer’s bank account. In May, Jane who helps in a family-owned building business was organising to pay $51,000 [...]
Personal Cyber Insurance Policy
Protect your kids today from cyberbullying and other threats Personal Cyber Insurance responds to a wide range of cyber threats such as: Crimeware Cyberbullying Cyberstalking Cyber extortion Identity theft Cyber harassment Harmful publication Hacking A cyber event, identity theft, cyber theft, sim-jacking or cryptojacking must first be discovered by you during the policy period. Cyber bullying, cyberstalking, cyber harassment or a harmful publication [...]
2020 CBN Corporate Authorised Broker of the Year
The Community Brokers Network Pty Ltd (CBN) recently acknowledged twenty-five Network Members and Partners acknowledging them for their outstanding contribution. We are proud to announce that ARMA Insurance Brokers Hunter Valley was nominated and won the Corporate Authorised Brokerage of the Year 2020! Without a shadow of a doubt, ARMA Insurance Brokers has THE best group of insurance brokers in the Hunter Valley! [...]
What is a Third Party Property Damage Vehicle Insurance?
The Difference Between Third Party Property Damage Vehicle Insurance and Compulsory Third Party (CTP Greenslip) Insurance Understanding what you’re covered for, when choosing your motor vehicle insurance will help you avoid unforeseen costs, so it is essential to have the facts to make an informed decision. What is Compulsory Third Party Insurance (CTP)? Firstly, a Compulsory Third Party (CTP) insurance is a legal [...]