Blog Question – Severance Pay

Here is today’s question, with my answer following: Good day Allan, Essentially my question is whether Severance Pay is subject to  co-insurance.  The wording indicates that this “item” is in addition to Clause (a) of Item no. 3, i.e. Payroll, but not that it is a part of that Item.  Severance Pay is referred to in the schedule as a Sub-Limit but not within the declared […]

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Property Maintenance – Who is Responsible?

I am pleased to introduce guest blogger Anne (Twist) Warren who has penned this article on who is responsible for property maintenance in a landlord / tenant relationship. Thanks Anne for sharing your extensive knowledge in his area. Anne’s own website True Property Maintenance is www.truepmvic.com.au =================== Every time you enter into any legal, contractual agreement, you are bound by the requirements laid out in the agreement that […]

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Warning on Christmas Lights

I noticed that the shops are starting to put up their festive period decorations and even some of the home owners in my suburb are getting in early with installing lights and decorations.  It seems more and more get into to the spirit each year. Every year LMI are called to at least one premises where Christmas lights or a power board used to power […]

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A Couple more Internet Scams to be Aware Of

There is a couple of scam emails going around. One appearing to be from Australia Post, emailing you to advise they have a parcel for you. The email asks you to click on a link to arrange it to be delivered or picked up. I got one of these and immediately thought, “how would Australia Post know my email?”. I checked and it was all […]

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Can our industry still be relied upon to help in our client’s hour of need?

I currently have a desk full of files where the broker, colleague, or Insured has contacted me in desperation as they cannot get a valid claim paid. I have considered for some time airing my deep concern and a couple of files over the past week have been the straw that broke the camel’s back. As these are ongoing, I will not comment on those […]

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Another Interview for ABC Radio

At the moment flood risk is a hot topic in the Northern Territory and I am being interviewed again today by ABC Radio at 3:54 pm Australian Eastern Summer Time. I am happy to speak on the subject as parts of Australia are more likely to flood, then I am in with a chance getting the winner in the LMI’s Melbourne Cup sweep!

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Important Changes to the SUA Stand Alone Business Interruption Wording

I was catching up on my reading over the weekend and read with interest the SUA Business Income Protection – Weekly Derogation Notice. The document advises of a change of insurer which causes me no concern whatsoever. The bit that did catch my eye was the changes to when the cover for business interruption ceases after a disruption. It is now a maximum of 8 […]

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A stitch in time saved more than nine!

This weekend was my first weekend in nearly two months where I was at home, so I took the opportunity of doing some preventative maintenance and also change over some down light globes to light emitting diodes (“LEDs”) as part of my strategy to reduce the family’s carbon footprint. As I pulled one of the 14 bulbs out of its holder I found, to my surprise […]

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A heartfelt testimonial on one of the LMI team

At LMI we regularly receive letters, cards and emails of thanks and appreciation for what we have done for our clients, whether they be insureds, brokers, underwriting agencies, or insurers. The one that I came across by accident this morning caught my attention and I thought I would share it with you. It involves Erik Kroon, LMI’s South Australian Manager for Claims Services. Not only […]

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