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 ...read more →
Coronavirus and Insurance Market Implications
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 ...read more →
Builders Insurance for Construction Projects
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 ...read more →
Medical Indemnity Insurance for Medical Practitioners
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 ...read more →
Climate Change, Weather and Insurance
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 ...read more →
Short Term Host Airbnb Insurance
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 ...read more →
How to protect your business against non-compliant cladding
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 ...read more →
Lessons learned from Sydney’s ‘catastrophic’ storm
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 ...read more →
Why your business needs an extreme weather action plan
Extreme weather conditions are increasing around the world, and Australia is no exception. Experts predict this summer will, again, be one of the hottest on record, with severe bushfires, storms and floods all set to increase. In the absence of the vast resources of larger organisations, there is ...read more →