I received a question from a reader seeking some information around Advanced Loss of Profits cover for a construction project, I share my answer to the reader below with you all too. Advance loss of profit (“ALOP”) insurance provides coverage for financial losses due to delays in construction and infrastructure projects caused by an insured peril(s). ALOP also called delayed completion coverage or delay in […]
A non insurance topic as today is the 75th Anniversary of the D-Day landings. In 2017 I had the privilege of visiting the Normandy beaches with my son, Steven and it was such as moving experience that we ended up writing a book together about our trip. One of the many misconceptions we remedied while we were there was that ‘very few’ Australians were involved […]
I post this article in response to a question put to me by an insurance broker whose client was hit with a higher deductible that applies to storm and tempest for a claim arising from a lightning strike. Well maybe, maybe not. Let us turn to a review of the history of fire and perils insurance coverage for the answer. On the one hand, I […]
A bonded store, or bonded warehouse, is a building or other security area in which goods that are subject to a duty or levy, such as an import duty, excise tax or the like, can be stored, manipulated, manufactured or assembled without the payment of a duty. Depending on the jurisdiction, it may be managed by the state or by private enterprise. When it comes […]
I am pleased to be speaking next week at the 7th Asia Insurance Broker’s Summit alongside some of the most dedicate insurance broking professionals in Australasia. The conference is being held in Jakarta, Indonesia on the 5-6th March. I share the conference agenda/brochure below for anyone who may be interested: It is close but it not too late to get along, register: http://www.asiainsurancereview.com/Events/Register/Asia/airbrokers2019
This coming Monday, we celebrate 20 years of service to the insurance and wider communities. I would ask that if you have or are using one of our services, have benefited from one of our innovations that you share you your thoughts, experience etc as to what this has meant for you. While I will share any good news with the team as we gather […]
I have been a bit quiet on the posting front over the past month as I have been travelling in North America for both business and having a much needed break. During the trip Steve Manning and I had several meetings with potential clients for our on line products, met with old colleagues who are interested in representing LMI in North America and attending a […]
Voting has now opened for the finalists of the 2018 Northern Territory Insurance Awards, cast your vote here. I support the Territory Insurance Conference each year for both its education and recognition of the excellence in the insurance industry. Good luck to all nominees.