What does ‘choice of repairer’ really mean?

As you’d expect, car insurance policies have a lot of complexity, whether it’s for business or personal use. This article addresses some common cover misconceptions around ‘choice of repairer’ to help you avoid unwanted confusion come claim time. With restrictions easing across most of Australia and traffic volumes up, now is the time to reassess your insurance policy and make …

How to make your home more resilient to natural disasters

Thousands of central Queenslanders aren’t considering how extreme weather could put their lives and property at risk when house hunting or renovating, a new report shows. As climate change wreaks havoc on Australian weather patterns, data shows 46 per cent of Australians aren’t thinking about natural disasters when buying a new home or renovating. The survey of 1195 Australians shows just …

Solving the underinsurance problem for small business

Many small businesses don’t have enough cover when it comes to business continuity, flood insurance and also certain speciality policies, leaving them vulnerable when they suffer a calamity. This can drastically reduce their profits or, worse, see them shut their doors permanently. Perennially flood-affected Queensland businesses know this only too well. Although Morris Peluchetti had insurance cover for his Townsville newsagency, he …

Top tips to safeguard your roof in the next storm

Roofs are the subject of a huge number of business insurance claims, especially after big storms.  Many Australian businesses have been devastated by storms so far in 2021, with Queensland hit by violent storms in March including central Queensland with major hail storms in September, the Insurance Council of Australia estimates damage from these types of storms to the eastern …

Is your business fire safe?

With the bushfire season just around the corner, the risk is only one of a host of different sources of fire. Arson is often the cause of fire and poor maintenance standards are another serious fire risk for businesses. For instance, damaged or old electrical cabling is all too often the cause of a fire, especially in older buildings.  Another …

Cyber security in the time of Covid-19

COVID-19 has led to new cyber threats, with figures from the Australian Competition and Consumer Commission showing Australians have lost $309,108 to phishing scams since the start of the pandemic in 2020. This year to date, the commission has received more than 10,000 scam reports. The explosion in online fraud has come about in part due to new vulnerabilities emerging as people …

5 tech-savvy ways to prevent tools being stolen

Visit any worksite and at least one tradie will be able to regale a yarn of a time they had their tools nicked from the back of the ute, swiped on-site or mistakenly carried off by a contractor. Stolen tools are more than a mere inconvenience – as well as shouldering the replacement costs, your ability to secure work and …

Small business insurance 101: things you need to know

Insurance can seem like a complex area, which is why it’s so important to understand the basics. Here, we explore some of the fundamental concepts that underpin most business insurance policies. An insurance policy has a number of different parts, explains ARMA Insurance Brokers CQ Director Tony Noyes. “The policy will set out the cover that applies under the policies, …

Why are my insurance premiums rising, and how can an insurance broker help?

Whether it be business insurance, your home and contents, or car insurance, there is currently significant upward pressure on insurance premiums. In some cases, premium hikes are also accompanied by restrictions on coverage features. In the insurance industry, this is known as a ‘hardening insurance market’. A hardening insurance market can be attributed to several factors. Below, we seek to …