Business Insurance News

What is the difference between an insurance adviser and an insurance broker?

June 3rd, 2019

The term Insurance broker and insurance adviser are really one and the same. “Insurance Broker” is probably more commonly used but “Insurance Adviser” is more representative the activities involved. There is a common misconception that an insurance broker is one who represents their client to source from the market the cheapest price for an insurance […]

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What insurance do you need for a business and common mistakes businesses make?

March 25th, 2019

“A necessary evil” and “a grudge purchase” are phrases I sometimes hear from business owners when describing their view on business insurance. I usually find that those who form this opinion have opted to ignore the possibility that their business could face some type of peril, catastrophe or legal liability. On the other hand, some […]

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Management Liability

June 22nd, 2018

If you have a small to medium sized private company, you could be protected by a policy that covers claims from a wide range of management liabilities, such as; directors and officers liability, company reimbursement, company liability and employment practice liability. Directors of Australian companies are liable for compensation, fines and costs of claims filed […]

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Do you sign business contracts?

July 22nd, 2014

Many small and medium business owners and managers can expose themselves to potential financial difficulty by entering into contracts.  The business owner is typically focusing solely on the perceived benefit and not necessarily appreciating the liability and other consequences of what is being signed. At Insurance Advisernet we understand the risks associated with signing contracts […]

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Undervalued: why less is risking more

July 22nd, 2014

The increased cost of construction brought on by the carbon tax and the soft economic conditions mean many more small businesses are taking the risk of being underinsured, an insurance consultant warns. The managing director of loss adjuster LMI Group, Allan Manning, says many businesses are already underinsured and few realise they will be forced […]

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