Can’t afford insurance! – can you really afford not to have any?

Can’t afford insurance! – can you really afford not to have any?

Last week it was reported that a jewelry store in Melbourne’s CBD was robbed of over a million dollars worth of opals. The report went on to say that the owners elected not to insure at last renewal due to the increasing cost of insurance. What ever the premium was, with the benefit of hindsight would be significantly less than the financial loss they now […]

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Rebuilding buildings destroyed in the bush fires

Rebuilding buildings destroyed in the bush fires

In 1666, Sir Christopher Wren was already drawing up plans for the new London while the city was still burning during what we now know as the Great Fire of London. I am not sure we are as fast or long term thinking as those in the 17th Century. One thing that is clear is that it would be fool hardy in the extreme to […]

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Bushfire BBQ Safety Checklist – Elgas

Bushfire BBQ Safety Checklist – Elgas

Elgas has published a helpful Bushfire BBQ Safety Checklist to assist the public if a bushfire is approaching. It outlines the steps you should take to ensure they are as safe as possible and for the best way to prevent any worsening conditions due to the gas. It was reported from the Mallacoota fires that people could hear exploding gas bottles in the fires but […]

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Car thefts at high level

Car thefts at high level

Suncorp have reported a spike in car thefts during the summer months. On top of all the bush fire losses this is not good news for the public with the stress that this causes. It is not just stress for having lost the car itself but whatever was in the car and the cost of insurance moving forward. The research conducted by Suncorp showed that […]

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The risks of travel hit home with the events at White Island, New Zealand

The risks of travel hit home with the events at White Island, New Zealand

My heart naturally goes out to those involved, their families and the emergency service and medical personnel who are dealing with this horrific event where up to 11 Australian’s along with other nationalities may have lost their lives. Australian’s love to travel and per head of population we are up there as the most travelled. While the events in New Zealand are terrible it must […]

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Tackling one risk can create another hidden one.

Tackling one risk can create another hidden one.

When I purchased LMI’s first drone to assist with building damage and risk surveying I was concentrating on reducing the risk of injury or death to our staff. Climbing up on a ladder to view a damaged roof, telecommunications tower, crane boom or the like can be extremely dangerous. It was only about a week later that I woke up in the middle of the […]

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There are risks with the sharing economy

There are risks with the sharing economy

The latest idea of sharing assets is a sharing app to allow the renting out and or sharing of the family pool. Before you rush off and do this, please check with your insurer or insurance broker to ensure that you have the correct liability coverage in place for this commercial operation. Pools are notoriously dangerous places, and if you add alcohol which may become […]

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A suggested way to drive better corporate behavior

A suggested way to drive better corporate behavior

With all that has gone on with the Commonwealth Bank in both the insurance space and the banking area, particularly the reported practice with children’s Dollarmite bank accounts, all of which is so far from my and our organisation’s values that I spoke to our board and suggested that we move banks. It was a unanimous agreement that we make the move. As an aside, […]

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Loss of rent for a serviced office

Loss of rent for a serviced office

I have not been as active as in the past of late as I have simply been flooded with questions from brokers, insurers and adjusters on a draft on policy and policy interpretation issues. While I wish I had the time to post them all, the one below I thought was appropriate to share. This question today is regarding the way to insure the business […]

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As with bushfire management we need uniform rules on pool fencing

As with bushfire management we need uniform rules on pool fencing

Yesterday I posted an article on the fact that we have such different rules between states when it comes to bushfire management, yet we all face the same risk. During the same trip with the stupidity of such vastly different approaches to bushfire zoning still buzzing around in my head, I noticed the complete lack of fencing around the pool at the hotel. I checked […]

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