Insurance For Trades Brokers

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Insurance News

Life Insurance Takes Backseat in Cost-Cutting Measures 03 Dec 2024: Paige Estritori As Australians tighten their belts in the face of rising living costs, life insurance is rapidly being placed on the chopping block. The Council of Australian Life Insurers (CALI) reports that individuals are more likely to reduce life cover rather than home or car insurance. - read more

Call for Greater Transparency in Professional Indemnity Insurance 02 Dec 2024: Paige Estritori The Australian Financial Complaints Authority (AFCA) is advocating for enhanced transparency concerning the Professional Indemnity (PI) insurance maintained by member companies, highlighting its current lack of oversight regarding PI insurers. - read more

Senate Pushes for Transparency in Insurance Premiums 28 Nov 2024: Paige Estritori The Senate has called on the Australian Competition and Consumer Commission (ACCC) to adopt a more active role in monitoring insurance premiums. This comes as part of a broader recommendation advocating for insurers to enhance pricing transparency to assist consumers better understand their policies. - read more

Latest Financial Articles

Understanding Farm Equipment Insurance: A Breakdown for Australian Farmers

03 Dec 2024 | In the dynamic world of Australian agriculture, farm equipment plays a crucial role in the day-to-day operations of farms. From tractors to harvesters, having the right machinery means managing your farm more efficiently. However, the high value of this equipment makes it essential to protect it adequately through insurance.

Professional Indemnity Insurance: Vital Protection for Australian Professionals

03 Dec 2024 | Professional indemnity insurance, often referred to as PII, is a type of insurance designed to protect professionals from legal claims arising from their advice or services. It covers the financial costs of defending against claims of negligence, errors, omissions, and other professional liabilities.

Don't Fall for These Health Insurance Misconceptions

02 Dec 2024 | Private health insurance is an essential consideration for many Australians. It provides peace of mind, knowing that you and your family have access to the best possible healthcare when needed.

Dictionary

Grace Period

noun

A set amount of time after the premium is due during which a policyholder can make a payment without the insurance coverage lapsing.