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Insurance News
Check out BizCover’s MD interview on SkyNews Business
Monday, November 28th, 2011
Sydney, 21st of November 2011 - Michael Gottlieb, BizCover Managing Director talks with the Tech Report (SkyNews Business Channel) about the benefits of our online insurance platform and how BizCover is revolutionising the insurance industry.
BizCover’s offer for IT Professionals on Australian Business Solutions
Monday, May 30th, 2011BizCover has for a limited time a special Professional Indemnity and Public Liability offer for IT Professionals, which is currently advertised on the issue 18 of Australian Business Solutions Magazine.
To access this special offer just [Read More...]
Mega Capital to be UAC PI Broker
Friday, May 21st, 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 selective tender.
Mega Cap...[Read More...]
Increased Premiums for Professional Indemnity Insurance
Friday, March 5th, 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 January 1st of 2010. Known a...[Read More...]
Fiduciary Duty Means Higher Insurance Premiums
Tuesday, December 15th, 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]. Recent recommendati...[Read More...]
Allianz Named 2009 General Insurance Company of the Year
Friday, November 6th, 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 Insurance and Finance (...[Read More...]
ASIC Releases a Revised Version of Regulatory Guide 126
Tuesday, July 28th, 2009
ASIC released a revised version of Regulatory Guide 126 on 28 March 2008 in an attempt to clarify several areas of confusion that arose during the practical implementation of RG 126, following its release in November 2007 (outlined in our December 2007 Newsf...[Read More...]
Soaring Professional Indemnity Insurance Costs Crunch Planners
Thursday, June 18th, 2009
As seen in the Australian Financial Review
Article By Duncan Hughes
Financial advisers are facing a near-doubling of their professional indemnity (PI) premiums, higher excesses and a ban on the cover for certain types of products because of a surge in negligence claims and the collapse of c...[Read More...]
Professionals Face Insurance Slug
Tuesday, June 16th, 2009
Article from the AFR
Written by: Annabel Hepworth and Duncan Hughes
Businesses are facing double-digit increases in professional indemnity insurance premiums because of a surge in negligence claims triggered by the global financial crisis and collapse of financial advisory firms.
Insurance...[Read More...]
Buying Insurance is as Easy as Buying a Ticket Online
Thursday, June 11th, 2009
Many Australians have probably heard of websites like Expedia.com and Travelocity.com but do they know what exactly they do? These websites aren’t airlines, and they aren’t travel agents, but they find you the best available flight prices based on your criterion. This is what is called â...[Read More...]