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Australian Tourist Secures Compensation for Air Ambulance From Bangkok

11 May 2024: .Paige Estritori

A recent decision by a dispute resolution body in favor of a 74-year-old Australian traveler has emphasized the importance of clear communication and precise terms and conditions in insurance policies. This comes after the individual engaged in a tug-of-war with an insurance company over a $195,223 claim to cover emergency medical transportation from Thailand. - read more

Marine Insurance Leader Club Marine Welcomes New CEO

07 May 2024: .Paige Estritori

In a notable shift in its leadership ranks, Club Marine, a key player in the marine insurance market and subsidiary of Allianz, has officially instated Tim Wiles as its Chief Executive Officer. Wiles, having confidently steered the company since last November as interim CEO, has now been entrusted with the permanent leadership mantle. - read more

NSW Review Sheds Light on Strata Sector Transparency

06 May 2024: .Paige Estritori

The NSW state government has initiated a deep dive into the operations of a leading strata management firm. This move underscores a growing tide of demand for increased clarity and fairness in the industry. Responding to mounting public scrutiny, this investigation sets a new precedent in the regulation of property management entities. - read more

Lifetime Financial Services Ban Upheld for Misconduct

03 May 2024: .Paige Estritori

The financial industry has affirmed its commitment to integrity as a former insurance broker, convicted of defrauding clients, failed to overturn a lifetime ban on his financial services activities. Initially penalized for siphoning off clientsâ€™ insurance premiums for his own use, the advisor sought leniency to no avail. - read more

Bellrock Enhances Advisory Services to Support Business Deals

03 May 2024: .Paige Estritori

Bellrock has announced an expansion of its suite of services to encompass support for mergers and acquisitions (M&A) as well as contingent risks. The enhancement of these services comes amid an expected increase in M&A activities, demanding more specialized and creative risk management solutions. - read more

Business Insurance Articles

The Essential Guide to Professional Indemnity Insurance for Australian Consultants

If you're an Australian consultant, you understand that your advice is a valuable commodity. But with that value comes responsibility, and a level of risk that you could be held liable if your guidance results in financial loss to a client. This is where professional indemnity insurance comes into play, serving as a vital shield, providing protection and peace of mind for both you and your clients. - read more

Cyber Liability and Indemnity: Mitigating Risk for IT Professionals

In an era dominated by digital innovation, understanding the crossroads of cybersecurity and indemnity insurance is more critical than ever for IT professionals. As cyber threats evolve with increasing sophistication, the concept of cyber liability has come into sharp focus, pinpointing the potential legal and financial risks associated with data breaches and cyber-attacks that professionals in the information technology sector may face. - read more

Mitigating Risks: Why Indemnity Insurance is Essential for Your Business

Indemnity insurance may sound like complex legalese, but at its core, it's a straightforward and crucial protection for businesses of all types and sizes. Simply put, it's a form of insurance that shields a business from bearing the full brunt of financial losses due to lawsuits or claims made against it. - read more

Professional Indemnity Insurance: How Much Coverage Do You Really Need?

Professional Indemnity Insurance (PII) remains one of the keystones of risk management for professionals across Australia. Yet, misconceptions and lack of awareness can lead to inadequate coverage, leaving individuals and businesses vulnerable in a litigious environment. - read more

Expert Tips for Comparing and Buying the Right Professional Indemnity Insurance

Professional indemnity insurance is an essential safeguard for practitioners and businesses that provide expert advice or services. This type of insurance helps to protect professionals against legal costs and claims for damages from an act, omission, or breach of professional duty in the course of their work. For Australian professionals, where litigation is increasingly common, it's a pivotal component of risk management. - read more

Professional Indemnity Australia :: Articles

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Comparing Income Protection Benefit Payment Periods

If you are serious about protecting your income, it is essential that you give real consideration to the benefit payment periods being offered as part of your income insurance policy.

Published:Monday, 3rd Dec 2012
Author: 258

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