Many of the subscribers to PolicyComparison.com have been benefiting from the service, looking at issues around COVID-19. In one recent case, the underwriter wrote asking us for information but, using the old adage of “give a man a fish feed and you feed him for a day, teach a man to fish and you feed him for a lifetime”, Wendy, a senior researcher, provided screenshots […]
New South Wales fails New South Wales business and home owners
Two pieces of news staggered me yesterday. The first was reported to me by one of our readers, thanks Margo, stating that the New South Wales government are requiring employers to include the Job Keeper payments in the Workers Compensation wages calculation. This means those employers that have embraced the scheme to help their employees and get them some wages even though they are not […]
Health: of the people, for the people, by the people
I am sure that Abraham Lincoln would not mind my adapting of his words from the famous Gettysburg address, for these troubled times. So proud of Aussies for getting behind the COVIDSafe app, that will allow government to make meaningful decisions to get our economy up and running again, allow us more freedom of movement and a faster return to the lifestyle we cherish. A […]
Current inquiry into insurance needs to include taxes on insurance
What everyone, including government, needs to fully appreciate is that the economy requires people to insure. Looking at refunds that should or should not be made to insureds with existing policies in place is one thing, but what is vitally important is that people retain their insurances moving forward. Every day, I am fielding questions from brokers and insureds of all sizes, looking on how […]
I downloaded the COVIDSafe app
For any economy to safely open, get businesses open again, get under-utilised workers back to work and earning, it is clear that the authorities need to be able to nip any outbreak of COVID-19 in the bud. It would be heartbreaking for many of us to get so close to eradicating the disease in Australia through our collective efforts, and then see us all have […]
Good news on earlier concern
On the 17th April, I posted an article where a young chef’s motor insurer would not permit the vehicle to be used for deliveries during the COVID-19 restrictions. Click here if you want to read it. I am pleased to report that the insurer has reversed their decision, and has now agreed to allow this for a limited period. This is very good to hear […]
Product Recalls Australia – 28th April 2020
From the ACCC: T&C Wholesale Pty Ltd — 669 Animal Bath Toys C & E Fein GmbH — FEIN and Slugger and Slugger by FEIN Fein Core Drills KBC 35 and KBB 60 (later renamed KBB 60 X) and Spare Parts Ozsmart Trading Pty Ltd — Babycore Mini City Pram Stroller 520T1 Techtronic Industries Australia Pty Limited — RYOBI Airwave 40L 1.8HP Upright Air Compressor […]
Virgin enters voluntary administration – How will travel insurance respond?
Today many of us would have received the following note from Virgin. Travel Update: Virgin Australia enters voluntary administration Virgin Australia has entered voluntary administration to recapitalise the business and help ensure it emerges in a stronger financial position on the other side of the COVID-19 crisis. The Group’s Board of Directors has appointed Deloitte as voluntary administrators of the company and a number of […]
Product Recalls Australia – 21st April 2020
From the ACCC: Honda Australia Motorcycles & Power Equipment Pty Ltd — EU22i Generator Bus and Coach Sales Australasia Pty Ltd — Bonluck Citystar Series – Models JXK6110, JXK6120, JXK6121, JXK6132BA5R and JXK6180 MY2012-2019 Polaris Sales Australia Pty Ltd — Indian (111 c.i.) Motorcycles MY2014-2019 CNP Brands — Childcare Stroller Grey, Childcare Soho Stroller Black and Childcare Zeke Stroller Navy
Hail storm hits central Queensland
The above photo was sent to me via social media explaining that a hail storm had hit Rockhampton and Yeppon. This is the last thing anyone wants to see happen, but it is a stark reminder that all of us need to retain all our insurances, including business interruption. The hail that hit parts of Melbourne in January, were this size and caused considerable damage […]