Insurance News
What Limit of Professional Indemnity Insurance Do I Need?November 4, 2009
A question frequently asked by consumers is ‘What limit of Professional Indemnity insurance do I need?’ While this is a difficult question to answer, there are some guidelines that you can use when making your decision....[Read More...]
Increased Premiums for Professional Indemnity InsuranceMarch 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...]2010 Marks a New Year for Professional Indemnity Insurance in Australia February 9, 2010
The market changes in the Insurance industry will have a particular impact for those professions who much 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...]Run Off Cover for Professional Indemnity InsuranceDecember 15, 2009
Scenario An existing practice with four (4) partners fragments into two (2) new practices, with two (2) partners going into each new practice. This results in three separate liabilities;- Those of the previously existi...[Read More...]
Fiduciary Duty Means Higher Insurance Premiums
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...]Allianz Named 2009 General Insurance Company of the YearNovember 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...[Read More...]