Blog

Scott's Blog - Strata Title & Body Corporate Insurance

Strata Title and Body Corporate insurance is often controlled by the property manager as quite often they are earning commission as agents of their favourite insurer. This raises the important question, what’s the difference between an agent and a broker? An agent works under agreement for the insurer, if the agent stuffs up you are basically

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Scott's Blog (By Lyn) - Cyber Business Shutdown

Just the other day one of our valued clients had the dreaded cyber-attack with systems shut down and a sizable ransom demanded before the bad guys would release their business operating platform. The client was a medical services related business, one of the most targeted business occupations for cyber-crime due to the extent of private information

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Pets Blog - Discussion Points

We review lots of insurance policies for clients and provide lots of advice for business owners seeking help and a quotation. We thought we would list  a few common themes that come from our discussions: The standard house contents policy with liability does not usually include a business operation being run from the dwelling. Therefore if

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Scott's Blog - June 30

June is fast approaching and many businesses have their insurance policies due for renewal at the end of financial year. Whilst the insurance market remains competitive most commentators are saying that premiums have hit rock bottom particularly for the larger commercial operations that have not had any claims issues. Whilst we don’t like to

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Scott's Blog - Scams, Scams & More Scams

  ACCC reports $229m lost mostly from older Australians. The AFR reported today that mostly older Australians were swindled out of more than $229m in investment and dating scams. The ACCC released a report today into this sorry tale, 105,200 complaints about dodgy investment and superannuation schemes, Cyber had 25,600 complaints with losses

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Premier Blog - Breaking Cyber Attack News

  Further to yesterday's blog post about the need for cyber insurance,  we have heard reports that last weekend the leading Local Classifieds website Gumtree was hacked and thousands of peoples personal information stolen.  Whilst Gumtree do not hold customer payment information, and they claim passwords were not accessed, it is

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Scott's Blog - Cyber Insurance in the News

A lot has been in the papers recently concerning the growing threat of Cyber-attack to businesses. Even the Prime Minister advised they have up-graded security on most government departments computer systems due to the constant attempt by IT criminals to access their systems. IT consultants that I have spoken to feel that all businesses are constantly

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Premier Blog - Crazy Claims

    Over the years we have heard it all, but recently we have been involved in a claim that absolutely takes the cake for stupidity. Our client, who owns a farm was recently burgled by a rather interesting individual. Having kicked down the door to the home office, the not so bright offender decided to cut the cables on the “security

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Premier Blog: Groceries and Insurance?

We have recently conducted a policy comparison for Home and Contents Insurance between a well-known supermarket chain, and a policy we recommend. These are just a couple of the insights we found...   Supermarket Policy Recommended Policy Theft Excludes any claim when the home is not furnished for normal

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Scott's Blog - Are you using Insurance for Financial Security?

Scott’s Blog – Are you using insurance as financial security? Insurance can and should provide financial $ecurity over your business, private assets and debt. At Premier, when we assess risk for our clients we ask risk focused questions, we listen and we provide recommendations based on your circumstances. That’s the difference

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Brokerwise Issue 1 - 2016

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Scott's Blog - Cyber Threat - Risk Management Steps to Avoid Hacking

These days we all own a smartphone, computer, tablet, smartwatch or some other new piece of technology that connects to the internet?  The reality is that once you connect to the internet, you open yourself up to a cyber attack. We see it in the media every day, we watch it on TV every night. The level of skill and sophistication that some hackers

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Scott's Blog - 2016 Insurance Outlook

Recent media reports suggest insurance premiums are starting to increase again due to more summer storm losses and poor insurance company results for 2014/15. Insurance News reported summer storms cost insurers over $500m. This includes SA fires, Sydney tornado, Victoria fires on the Great Ocean Road and fires in WA. The Sydney tornado alone had

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Scott's Blog - 2011 Floods, Five Years On

Well it’s been 5 years since our devastating floods of 2011, time really has flown past quickly. We were lucky to miss the brunt of the recent low pressure system that traveled all the way down to Newcastle, Sydney and as far as Wollongong. Whilst it wasn’t as bad as 2011 it will cause substantial property losses throughout this region.

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The Cost of Fraud and Cyber Crimes

According to an article in today's Australian Financial Review, Fraud and Cybercrimes are costing the Australian economy a whopping est. $36 Billion every year. $2.2 Billion of this is spent within the Finance and Insurance sector, attempting to guard against these types of attacks. Unfortunately, it is becoming increasingly more difficult to prevent

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Premier Blog - Biggest Data Breaches of 2015

The results are in, all votes have been counted and according to itnews.com.au, KMART has taken out the gong for biggest Australian data breach of 2015.  The retail giant was targeted and client's personal details were taken in a massive cyber attacked, reported back on 1st October. The cyber attacks resulted in customer's names, email addresses,

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Scott's Blog - A sit down with Scott

Last week we sat down with Scott Hastings, our Director to find out a bit about him, where he has been and his top insurance tips for businesses.  Enjoy! 

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CQIB Brokerwise Newsletter - Summer 2015

Check out the latest instalment of Brokerwise newsletter from CQIB and Premier.    Key Points in this edition: Short Term Holiday Letting - e.g. Air BnB apps Cyber Hacking and Online Scams Corporate Travel Insurance - why you need it!  What you need to know as a unit owner and Strata Insurance Big Data   If

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Premier Blog - AirBnB - Who is Liable?

THINKING ABOUT RENTING YOUR HOME THROUGH AIRBNB? If you are currently, or thinking about opening up your home as an Air BnB rental, you need to be aware that your insurance may not extend cover for injury or accidental damage to customers. In the news this week, we have heard about a man, in America, who died whilst staying at an AirBnB rental, in

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Scotts Blog - Holiday Season

Holiday season is fast approaching and whether it's a big trip overseas skiing in Canada or Japan, or a few weeks at the coast catching a few waves, you want to make sure your house is safe. One of our valued clients Alarm Innovations (https://www.alarminnovations.com.au/) can assist with cost effective alarm and security systems.  Insurance

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Brokerwise Newsletter available - Autumn 2014

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Alarm Innovations offers 10% off for Premier clients

The Risk Management process includes not just the purchase of insurance but also risk treatment options. These options include asset protection and our client Alarm Innovations can provide sophisticated stock monitoring systems to a motion sensor camera and doorbell on your front gate. Contact Alarm Innovations - mention Premier to receive 10%

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New Life and Financial Planning specialist

Darin Dittman joins us at Premier to help with Life and Financial Planning.

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General Insurance is just one aspect of the process

Your insurance needs are likely more complex than simple general insurance. Underinsurance is a common phenomena - for example, only around a third of all Australians have adequate home insurance coverage. To ensure you are fully covered, ask for risk management assistance.

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