“My client is an electrical & refrigeration contractor with an ISR policy with both Sections 1 & 2 insured. A minor amount of sales takes place at their premises being retail and counter sales. 95% of all other business activities are conducted away from the premises on site. Historically the Insured has had Insured Gross Profit across all their activities however this is overkill as […]
More attempts at scams to be careful of
I have received two very similar scam emails today. Please do not let yourself or your clients get caught by them. Hi Allan Manning, We are emailing to bring your attention that, despite previous notices, there remains an unpaid amount of $ 1,262.93 in respect of the invoice(s) attached to this letter. The invoice was due for payment on 24 April, 2016. Our credit terms […]
Hot Works Exclusion Revisited.
I have been helping a sole trader who was working on the roof of a client’s property. His role as a plumber was to install a solar hot water system. During the process, he heated a pipe to silver solder it together. He did this as he thought it was a better job than using the new plastic tubing and crimping it. Whilst conducting his […]
Blog Question: Erection All Risk – Basis of Loss Settlement Clause
I received a question through the blog as follows: “Hello, In the event of any loss or damage the basis of any settlement under this Policy shall be a) In the case of damage which can be repaired – the cost of repairs necessary to restore the items to their conditions immediately before the occurrence of the damage less salvage, or b) In the case […]
Tips on cleaning gutters
It never ceases to amaze me just how wide this blog is read. In response to an earlier post on one of my pet hates in building construction, undersized box gutters, I received a very polite note advising me of a site which provides tips in how to clean gutters. With Autumn well and truly upon us which means lots of falling leaves in many parts […]
Disturbing findings from the Wye River fires
The findings from a CSIRO report released into the Wye River and Separation Creek bushfires and as reported in The Guardian, ‘Houses built after Black Saturday fires fared worse in Wye river fire, report finds’. Part of me cannot believe it. We have the slowest most expensive most bureaucratic local authority planning process in any jurisdiction I do claims. This causes unnecessary emotional and financial stress on […]
Suncorp and IAG Research Initiative to be congratulated
It was pleasing to see that IAG and Suncorp will join forces with James Cook University to study the impact of tropical cyclones on strata properties in the region. As we all know, the industry has taken a lot of poor publicity for rate increases that were certainly necessary and to actually have some detailed research completed to accompany the excellent work of the Federal […]
Business Continuity Awareness Week!
Business Continuity Awareness Week 16th – 20th May 2016 This week is Business Continuity Awareness Week! An important week for businesses around not only Australia, but the globe. This week highlights the importance of being prepared as a business for those times when disaster or disruption occurs. The Business Continuity Institute brings us this important week because ‘we all know that when the lights go […]
LMI GROUP YOUTUBE!
Today the new look LMI Group YouTube launches! LIVE NOW LMI Group are working behind the scenes to bring you demystified insurance jargon on all topics within insurance that will assist brokers, insurers and everyone looking to buy insurance or wanting to understand more about it. Today we have gone live with two videos for you “Insure your stuff properly” and “This WILL save your business” […]
Lottery Syndicate Winners Coverage
As we take LMI PolicyComparison.com and our eServices internationally we are seeing the different covers available in other jurisdictions. It was only a few weeks ago, that we noticed in just one UK policy a coverage for “Lottery Syndicate Winners”. At the time we thought it something in the insurers marketing department had come up with and that, like shark attacks would be little if […]