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Protecting what you’ve spent years building is paramount for the long-term sustainability of your business. The process of comparing products and quotes between insurers can be complicated and especially for business, it requires significant time and understanding of insurance to make the right decision. Buying insurance direct is easy. Buying the right insurance, however, can be very difficult. And getting […]

The recently released Accenture and The Ponemon Institute 2017 Cost of Cyber Crime Study (1) reported that cyber-crime in Australia has increased by over 25 percent in 2017, the second highest rate of countries surveyed. In Australia, malicious insiders, phishing and social engineering are the costliest attack types, with a price tag of $136,804 and $112,902 per incident, respectively. Australian […]

The NSW Government (iCare NSW) has overhauled the way in which Home Warranty Insurance is distributed via Insurance Brokers. As a result, effective from the 03rd of October 2017 the number of Insurance Brokers in NSW that are able to distribute Home Warranty Insurance will be reduced from 110 down to 24. Austbrokers City State is pleased to announce that […]

Do you run or are you thinking of starting a home based business? With nearly one million people running a business from home, home-based businesses are becoming a large part of the Australian business community. Working from home can offer many advantages and lifestyle benefits and may be a great opportunity to start a new career. But running a business […]

We previously posted that on 30th May the NSW Government announced that it was going to defer the replacement of the NSW ESL with a Fire and Emergency Services Levy (FESL) to be paid alongside council rates until further notice. The legislation required to allow ESL to be reinstated on insurance premiums passed through the Upper House of the NSW […]

For the last 12 months, insurers and brokers have been advising clients that from 1st July 2017, FSL would no longer be charged on insurance premiums and instead would be changed to FESL, which was to be included in Council Rates charges. On May 30th, the NSW Government announced that this change has been delayed indefinitely. “The Fire and Emergency […]

There is quite an alarming number of businesses that don’t consider Business Interruption to be an integral part of their insurance program. If a loss were to occur where the operation of the business is affected and they can no longer trade at the same level or at all, insuring for Business Interruption could prove to be a valuable and […]

In my role as a Claims Manager, at settlement of a claim by an insurer, one of the most common questions I am asked by clients is “why didn’t I get paid the GST portion?” To answer that question, we need to have a quick look into GST legislation and how it works for GST registered businesses. If you are registered […]

I am often asked by clients and friends why premiums are so different when it comes to buying House & Contents insurance. We are bombarded by direct advertising focusing squarely on price and you would have noticed advertisements from YOUI, Coles, AAMI, Budget Direct and so on pitching to consumers about providing the best premium. What is not so obvious […]