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    Business Insurance Articles

    Understanding Liability Insurance: A Must-Read for Australian Small Business Owners
    Understanding Liability Insurance: A Must-Read for Australian Small Business Owners
    Liability insurance is a form of insurance designed to offer protection against claims resulting from injuries and damage to people or property. It covers legal costs and any payouts for which the insured party would be responsible if found legally liable. Intended to protect against claims resulting from injuries and damage to other people or property, liability insurance is critical for small businesses as it shields them from potentially crippling legal expenses. - read more
    How to Lower Public Liability Insurance Premiums Without Sacrificing Coverage
    How to Lower Public Liability Insurance Premiums Without Sacrificing Coverage
    In the ever-evolving landscape of Australian commerce, business insurance stands as a crucial bulwark, safeguarding enterprises against unforeseen financial perils. Recognizing this, our in-depth exploration begins with an overview of the monumental role business insurance plays for Australian companies, both large and small. It's a cornerstone for risk management, providing business owners with peace of mind as they navigate the intricacies of their industries. - read more
    Professional Indemnity vs Public Liability: What's the Best Choice for Your Small Business?
    Professional Indemnity vs Public Liability: What's the Best Choice for Your Small Business?
    As a small business owner, understanding the intricacies of liability insurance is pivotal to safeguarding the fruit of your hard work. Insurances such as professional indemnity and public liability are not just safety nets; they are vital components that can mean the difference between bouncing back and closing down following unforeseen legal hurdles. - read more
    How to Assess Your Risk Exposure and Select the Right Indemnity Coverage
    How to Assess Your Risk Exposure and Select the Right Indemnity Coverage
    Professional indemnity insurance stands as a pivotal safeguard for Australian professionals navigating the intricacies of liability in their work life. This form of insurance is designed to protect professionals against legal costs and claims for damages arising from acts, omissions, or breaches of professional duty in the course of their practice. Whether it's due to an honest mistake or an unforeseen error, the ramifications of such professional oversights can be financially crippling. - read more

    Insurance News

    AFCA Criticises TAL for Unfair Termination of Income Protection Benefits
    AFCA Criticises TAL for Unfair Termination of Income Protection Benefits
    16 Nov 2025: Paige Estritori
    The Australian Financial Complaints Authority (AFCA) has recently ruled against TAL, a prominent life insurer, for terminating a policyholder's income protection benefits without prior notice. This decision underscores the critical importance of procedural fairness in the management of insurance claims. - read more
    Actuaries Institute Highlights Financial Strain of Mental Illness on Insurance Systems
    Actuaries Institute Highlights Financial Strain of Mental Illness on Insurance Systems
    16 Nov 2025: Paige Estritori
    The Actuaries Institute has issued a call for immediate action to address the escalating financial strain that mental illness is placing on Australia's insurance and compensation systems. This appeal underscores the pressing need to ensure the sustainability of the nation's financial safety net in the face of increasing mental health-related claims. - read more
    Fitch Ratings Anticipates Continued Premium Increases in Australian Insurance Sector
    Fitch Ratings Anticipates Continued Premium Increases in Australian Insurance Sector
    16 Nov 2025: Paige Estritori
    Fitch Ratings has projected that Australian insurers will continue to implement premium increases, with gross written premiums expected to grow by mid to high single digits. This forecast is driven by the need to offset rising claims and increased allowances for natural hazards. - read more
    Surge in Cyber Insurance Adoption Among Australian Businesses
    Surge in Cyber Insurance Adoption Among Australian Businesses
    16 Nov 2025: Paige Estritori
    In the past year, BizCover, a leading small business insurance provider, has reported an almost 50% rise in sales of cyber liability insurance. This significant uptick underscores the escalating awareness and concern among Australian businesses regarding cyber threats. - read more

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    Knowledgebase
    Double Indemnity:
    A clause or provision in a life insurance policy that doubles the payout in cases of accidental death.