Flood Insurance – the future Soon after the floods hit Queensland I prepared a paper on Flood and sent it off to friends and colleagues within the industry in an effort to assist them with client questions and claims. As I was not operating the blog at that time, I attach a copy in case you did not get to see it: Insurance on Flood […]
Liability Insurance – advice to insureds, brokers and insurers
Several times this year I have been asked to assist a sole trader, typically a tradesperson, who finding that it is difficult to work for yourself has retired or stopped working for themselves and become an employee. They then cancelled or let lapse their public liability policy. They have then been accused of being liable for some loss, injury or damage which they may or […]
What a second hand engagement or wedding ring – Now is the time to buy
A couple of weeks ago, the Courier Mail printed a list of lists. One of them was a list of the most things claimed during the Queensland Floods. This is a list of the top ten domestic items lost in the Brisbane Floods, 1. General jewellery $19.6 m 2. Computers $14.0 m 3. Engagement & wedding rings $12.9 m 4. Fridges $3.9 m 4. TVs […]
Please help me out here!
I am involved in examining a house fire where the owners had elected not to renew their home insurance and sadly the home was destroyed in a fire 6 months later. They are looking at every possible way to look at anyone who may have been in the smallest way responsible, not looking at the person themselves but simply looking as to whether they had […]
Lessons from the tragic Nursing Home fire
The tragic fire at the Sydney aged care facility/nursing home is a timely reminder of the specific insurance issues that should be considered when insuring this occupation. One such issue is Accommodation Bonds Typically residents pay a bond on taking up residence at the aged care facility. This is refundable on their leaving the facility. Depending on the jurisdiction, legislation may dictate what can and cannot […]
Choice Magazine respond but just do not get it!
In my post of 4 November 2011, I explained that I had written to the CEO of Choice Magazine explaining that it was completely inappropriate that the entire insurance industry should be humiliated by receiving Choice Magazine’s Shonky Award for their performance over flood. I have now received a formal response, not from the CEO Mr Nick Stance but Andy Kollmorgen who does not show […]
Tip on Liability / Management Liability cover for publicans
Just a quick reminder that when arranging the liability / management liability cover for a hotel or club, please remember to include the name of the publican as a named insured and ensure that cover will be afforded to him as they are often named in any action that may be taken against the establishment. ————— Disclaimer: This post has been prepared as a guide […]
The need for quality travel insurance
The sad situation that has been reported in the press lately with the young lady sustaining brain damage caused by methanol poisoning during what was supposed to be a family holiday in Bali should be a stark reminder of the need for quality travel insurance. In this case, the injured girl’s mother relied on the free travel insurance provided with her credit card and has […]
Quick Tip for Insureds that hire equipment
It has been a common practice for a great many years for the hirer of equipment to require the hiree (the person hiring the equipment) to provide an indemnity for loss or damage to the equipment. Over time this has been extended to require insurance to be taken out for the full replacement value of the equipment. This can and does cause problems for some […]
Formal letter of complaint to Choice – My award to Choice in Return
As Choice Magazine failed to publish my comment on their website and have not replied to an email, I wrote formally to the CEO of Choice seeking the retraction of the ill-advised and totally irresponsible Shonky Award to the entire Insurance Industry. The Insurance Industry seem to be on the back foot all year fighting the sensationalist media in particular Courier Mail, Channel 9’s Today Show, […]