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, [...]
Top Risks for Australian Businesses and How Insurance Can Help
In the dynamic landscape of Australian business, success often walks hand in hand with risk. From small startups to large corporations, navigating these risks is essential for long-term prosperity. [...]
Home & Contents Insurance | The Difference between Listed/Defined Events Cover & Accidental Damage Cover
Unfortunate events and accidents occur for various reasons and for that, we want to make sure that our families’ possessions are well-protected and insured against life’s uncertainties. In Australia, home and contents insurance policies provide insurance protection to families and individuals from events like Storm and Fire to Building or Contents and Liabilities, to others. The main difference between these types is the [...]
Optional Landlords Insurance Covers
Optional Landlords Insurance Covers and the Difference Between Loss of Rent and Rent Default Landlord Insurance: Do you know what you are covered for? There are currently a number of policies out there that speak about protecting your investment property that oftentimes you just look at the price and not what you are getting. Landlords Insurance covers your investment property and your contents. [...]
Why You Need An Insurance Broker
Insurance offers financial security when things flop which is why it plays an essential role when it comes to Risk Management Strategy. Generally, acquiring the right insurance solution may be easier said than done. A lot of business owners have difficulty finding time to organize insurance, so if you find yourself under the complexity of the insurance world, now might be the best [...]
Certified Fix This Next Advisor – Amanda Morris
LOUD AND PROUD! I am thrilled to finally be a Certified 'Fix This Next' Advisor. This powerful tool determines your phase in the business and spots the area which requires urgent attention and how to achieve your goals. For expert advice, you may call me on 0434577120 or email me at amanda.morris@armainsurance.com.au. I would be delighted to have a chat with you!
Subcontractors – The Importance Of Working With Good Subbies And Having Copies Of Their Insurance
As a standard part of numerous industries, hiring subcontractors is not without its benefits. Subbies lighten your workload and offers flexibility, allowing you access to learn new skills, however, it's important that you practice good risk management to stay away from liabilities. Two of the main forms of insurance which are important for subbies are: Public Liability Workers Compensation Generally, public liability will be [...]
Protect Your Business from Cyber Attacks
The World Health Organisation declared COVID-19 a pandemic on March 11, 2020, and as the emergency escalation continues, worldwide businesses, large or small have been looking for ways to protect their staff against the virus. WORK-FROM-HOME ARRANGEMENTS One way of minimizing the spread of the virus is by instructing staff to work remotely, however, these arrangements may have security implications that cybercriminals may [...]
Risk Management Advice and Checklists
With numerous government restrictions on COVID-19 that have come to place, we acknowledge the challenges our clients face as buildings are necessitated to close or set off in a controlled capacity into the future. Here is some general advice, coming from a Risk Management perspective, on how to secure different building types should there be a need for temporary closure. Each material include Risk [...]
Strengthen Your Organisation Against Cyber Attacks
There are four basic steps that can substantially strengthen an organisation’s vulnerability from cyber attack According to a Principal Security Consultant at Gridware Cybersecurity in an Emergence Insurance Webinar, Braxton Bragg quoted four pathways: 1. Implement multi-factor authentication (MFA) across all applications 2. Check backups and institute backup restoration testing procedures 3. Implement password policies and software-based password management solutions 4. Conduct or [...]
Airtasker – Do they have adequate insurance?
Airtasker is a private-held Australian company that provides an online community marketplace that allows end users to externalise day-to-day tasks. There is no difference between a sole trader and an Airtasker. You are still exposed to the same risks as any other person working for themselves. You can still be injured on the job and still be held liable should anything go wrong. [...]
Motor Insurance – Who Is At Fault?
Motor accidents happen in a split second but the inconvenience of making a claim and getting it sorted may take longer. When it comes to Motor insurance claims, one of the most pressing questions is who caused the accident and that's because the at-fault driver (or their insurer, who indemnifies them) is obligated to pay the costs of the accident. These costs can [...]
How Protected Are You Against Silicosis?
If your job involves exposure to brick, cement, or stone dust or if you work in stonemasonry, you need to learn more about silicosis. It is an illness classified by some doctors as worse than asbestosis and threats of a major national outbreak may take place. Silicosis Defined It is the scarring of the pleura, a thin tissue covering the lungs, caused by [...]
Management Liability – Why Every Business Should Have It
No one loves risking personal assets, especially when you are a company director. If you own a business or are involved in the management of a company, you carry certain responsibilities which leave you personally inclined to unexpected circumstances that arise from finance, management, and benefits. Management Liability Insurance protects the company and particular people who undertake these indispensable roles within the business [...]