Insurance News

Professional Indemnity Insurance for Privately Practicing Midwives September 14, 2010 |

As of July 1, 2010 government supported Professional Indemnity insurance became available for all qualified privately practicing midwives. While this offered some good news to those mid wife's in private practice it failed to address the most important … [Read More…]

2010 Marks a New Year for Professional Indemnity Insurance in Australia August 3, 2010 |

The market changes in the Insurance industry will have a particular impact for those professions who must carry Professional Indemnity Insurance in Australia. 2009 saw the signs of a returning hard market in all areas of insurance with numerous losses r… [Read More…]

Business Insurance: Good News For Those in WA June 8, 2010 |

Business Insurance: Good News For Those in WA carrying Work Cover Insurance

With the economy still being quite unsettled and business insurance being extremely high those businesses that carry Work cover insurance in WA received good news today. Due to a wage … [Read More…]

Mega Capital to be UAC PI Broker May 21, 2010 |

MEGA CAPITAL, the quiet, very achiever insurance broker has been anointed to offer a professional indemnity program specifically for UAC members. A UAC taskforce, led by director Jo Lindsay-Eschbank chose Mega Capital a specialist professional risks broker, after selec… [Read More…]

Professional Indemnity News: Bad News For Insured and Insurers Alike April 14, 2010 |

Professional Indemnity insurance is meant to, as a means to, provide protection for Australian businesses who give advice to clients that may result in financial or other losses to these clients. All specialist advisors such as private bankers, financia… [Read More…]

Australia's Business Insurance Fraud Epidemic March 23, 2010 |

The business insurance industry in Australia is under fire. This is because business insurance underwriters are feeling the heat from two opposite sides. And both sides are being aggressively investigated for insurance fraud. On one side of the coin, a… [Read More…]

Increased Premiums for Professional Indemnity Insurance March 5, 2010 |

It is expected that thanks to new regulations, professional indemnity insurance premiums for Australians will be increasing. The Australian Securities and Investments Commission (ASIC) enacted the new regulations which took effect on Januar… [Read More…]

Fiduciary Duty Means Higher Insurance Premiums December 15, 2009 |

Under current regulations Financial Planners are required to understand their clients’ needs and products well enough to have a ‘reasonable basis’ for recommending a particular product to a particular client [1][Read More…]

Xmas Offer December 11, 2009 |

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Allianz Named 2009 General Insurance Company of the Year November 6, 2009 |

BizCover would like to congratulate Allianz for its nomination as the General Insurance Company of the Year at the 2009 at the Australia & New Zealand Insurance Industry Awards. The awards are hosted by the Australian and New Zealand Institute of I… [Read More…]