From the ACCC: Shelby’s Healthy Hedonism/Rousche Group Pty Ltd — Shelby’s Chocolate Chip Cookies 120g Bombardier Recreational Products (BRP) — Sea-Doo GTX, RXT and Wake PRO equipped with 230 and 300 engines MY2019 Doonside Bargain — Fishing Game Toy Isuzu Australia Limited — Isuzu FX and FY MY2019 Passenger Side Seat Belt Mercedes-Benz Australia/Pacific Pty Ltd — Mercedes-Benz C Class MY2016 Kawasaki Motors Pty Ltd […]
Blog question – Vandalism by tenants
This is a question that I received on vandalism by tenants: Allan, hope all goes well and you, and the extended family are safe and healthy. Question on Policy exclusions of vandalism by those lawfully living in the house versus malicious damage by a tenant. The tenant is obviously living lawfully with a lease but, can malicious damage then be classified as vandalism to avoid […]
The seed on an idea – but the devil is in the detail
Once COVID-19 became an issue, LMI did two things. We activated our Business Continuity Management Plan and had our crisis management team immediately start to implement how we would protect our team from a health and safety issue. As well as how to maintain all our services when we knew they would be in high demand and still protect the business’s ongoing success. The second […]
Can an insurer alter the coverage mid-term? In some rare cases, yes they can!
TAL Life Insurance received a great deal of criticism and ultimately changed their position regarding the insertion of an exclusion into life assurance coverage attaching to superannuation, that would have taken away life cover for front line medical staff who died after contracting COVID-19. I do not want to get into the morality of this at this time, but wish to correct a general misconception […]
Rent Default and Rent Hardship
Over the past week I have had many requests, as have the rest of the team here at LMI, on what cover is available for rent default and or rent hardship. As with any coverage issue, there is a wealth of information on LMI PolicyComparison.com, and by doing a search on the following product features, I produced a spreadsheet of the landlords market domestic and […]
A useful checklist if a business is closing temporarily
The expert risk management team at Zurich Australia, has put together a comprehensive checklist of things to tick off if a business is required or decides to close down for a while and leave their premises empty. Mervyn Rea, Zurich’s Head of Risk Engineering (Australia and New Zealand), was more than happy for me to share this with you, manifesting the spirit that we all […]
Yet more issues that need addressing + bouquets and brickbats
I was contacted via one of the fire brigades, concerned at the increasing cessation of mandatory fire appliance inspections such as sprinklers, fire extinguishers, and the like. This is due to a combination of lock downs/access restrictions and inability, say, through illness, of the fire officers or private contractors to perform these mandatory works. There will, no doubt, be dozens of issues such as this, […]
Time to arrest the number of home and business owners cancelling their insurance
This week, I have posted a number of articles on what to advice clients if they are asking to cancel their insurance. See here for an example. Nonetheless, a frightening number of business owners are cancelling their insurance, failing to renew or cancelling covers such as business interruption, which they do not consider necessary any more. Particularly, when they have been told they have no […]
Product Recalls Australia – 24th March 2020
From the ACCC: Costco Wholesale Australia — Contigo Kids Gizmo Stainless Steel Water Bottle 384mL 2 pack Audi Australia Pty Ltd — Audi Q7 (4M) MY2019 Seqirus Pty Ltd — Palexia SR 100mg tapentadol (as hydrochloride) sustained release tablets – expanded recall Sunrise Medical Pty Ltd — MyWay Harnesses Mercedes-Benz Australia/Pacific Pty Ltd – Mercedes-Benz E, G, S and GT Class MY2018-2019 Porsche AG — […]
Increased Cyber Risk while working from home
I have been inundated with warnings from all around the world, regarding cyber attacks on people working from home. This includes but is not limited to fake COVID-19 apps, which give the cyber criminal access to the data on the victim’s mobile devices or computer. The criminals are mongrels at the best of times, and to be attacking vulnerable people is the lowest of the […]