Why I feel let down by Victorian WorkCover

Why I feel let down by Victorian WorkCover

The tragic events surrounding the crane dropping its load and killing a worker and seriously injuring another brings back the frustration I experienced when trying to deal with the builder constructing a high rise apartment block next to our Melbourne office. Having seen the results of tilt slab panels being dropped from cranes around Australia and even just falling over once erected I tried to […]

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NSW Government continue to bend the facts to hide their ineptitude.

Like all rate payers in New South Wales, I received this (image) flyer from the New South Wales Government on the emergency services levy. I cannot accept that deferring the levy is going to help those that are currently bearing the cost of funding the fire and emergency services. Fact 1: everyone in New South Wales benefits from having an efficient, well funded, well trained […]

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Blog Question: Practical Completion under a Contract Works Policy

Good Afternoon, I am writing to seek some advice around interpretation / intention of a definition in the XYZ [Insurer’s name withheld] Annual Construction / Liability Policy. Unfortunately XYZ Insurance were unable to provide any assistance at all, which is why I have forwarded my email. At your earliest convenience, can you please provide your comments around the intention / interpretation of a buildings ability to […]

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Blog Question on Fire Service Levy increase

I received this question from an insured who is concerned about the Fire Services Levy, to be correct the Emergency Services Levy. I have withheld the name of the insurer as is my normal practice. ———————————- I received my home and contents insurance renewal for a policy dated 7/11/16. The Financial Services Levy (“FSL”)  included was $181.85 (estimated by [my insurer]). Along with a letter […]

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Warning on Asbestos Imports

Since the beginning of 2004, Australia has had a complete ban on the importation, manufacture and use of asbestos and products containing asbestos. As with some of the electrical wiring and insulated foam panels that are being imported from China, it has now been found that building materials, auto parts, crayons and other products imported into Australia from China, contain asbestos. It is my understanding […]

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Insurance Bites – a fresh way to explain insurance

With the marketing emphasis of buying insurance more and more on first of all price and secondly how easy insurance is, my son Steve Manning has embarked on an ambitious campaign to explain the basics and importance of insurance. He has chosen to develop a YouTube channel, LMI, with a series named Insurance Bites to educate the general public in an informative but entertaining way. […]

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Insuring Trusts

Following on this week’s theme for the blog of who to name on the policy, I focus today on trusts. I do this before I tackle liability and financial lines policies where trusts are common place.  The important issue to remember is that a trust is not a separate legal entity, it is a relationship where the trustee is under a legal obligation to administer trust […]

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Fire safety Issue for apartment towers will have insurance issues

Recently an article appeared in the Melbourne Age about the fire risk that some of the imported insulated panels being installed on high rise residential strata.  I would not be surprised if the material was on some commercial premises as well. The article stated: Removing and replacing combustible cladding in an average highrise building would be a logistical nightmare, and could cost millions of dollars, […]

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Blog Question: Requirement to advise insurer when major home renovations are undertaken

Hi Allan, I was in discussion with an insurance underwriter who was dismissive of me when I suggested that one of our staff needed to advise his company when a major renovation was being undertaken to one of our client’s home. Could you please advise if the requirement to advise the insurer is still market practice. Thanks and regards John [surname and email provided] Hi […]

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Blog Question: Non-Vitiation Clause

Good afternoon Allan, Can you please explain what a Non Vitiation clause is all about? Regards Steve [surname and email provided] Hi Steve, Another name for a Non-Vitiation clause is a Breach of Conditions clause. In most jurisdictions, a mistake or misrepresentation of a material fact by the Insured entity gives sufficient reason for the insurance company to argue that the insurance policy to be void or under […]

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