Currently the underwriters in the Australian property market are very competitive, however there is a problem when the property becomes unoccupied. Often the insurer will allow a grace period of between 30 – 90 days, however after this period the property is generally not looked on with favourable terms, with the policy benefits being significantly reduced or the policy being cancelled.
Cyber-attacks are no longer something you read online, they are now targeting the small to medium sized companies too. Have you thought about what might happen if you were attacked? Stay Smart Online and IBA have partnered to provide our clients guides that will help protect your company.
Looking back on the last few years, there have been quite a few terrible storms that have caused significant damage. Whilst you may have a home insurance policy, not all of them are the same. Often a “TV Policy” is cheap as it’s covers have been drastically paired back.
Email piracy is the theft of funds using deceptive email or electronic communications. Other names include Business Email Compromise (BEC), CEO Fraud and social engineering fraud, and this type of activity is rising rapidly. Email piracy attacks vary, but there is a common theme of deception.
When choosing insurance, how do you decide the best policy? Do you base it on price like most people do? What most people don’t realise is that the reason the policy you’ve chosen is so cheap is that it doesn’t cover you for the events that you would hope for. Often the only way you will discover this is when it’s time to make the claim, but by then it’s too late.
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