Corporate Risk

Ensuring a Secure Transition: Run-off Insurance and Warranties & Indemnity Insurance for Acquisitions

November 20, 2023

Going Global? Ensure Your Business Insurance Is Too

If your business is planning to expand into new countries, there are many things to consider, and insurance can often slip down the list of priorities. Having the right insurance in place can enable you to grow with confidence, knowing you have consistent and robust coverage wherever you operate in the world. Jennifer Gray outlines ways you can structure your global insurance program, depending on your business’ exposures, regions, and preferences.

November 20, 2023

Life Insurance

Five eye-opening misconceptions about life insurance in superannuation funds

While 8 million out of the approximately 15 million Australians who hold superannuation accounts are covered by some form of life insurance within their superannuation, due to the standardised level of cover it is likely that many Australians are unknowingly underinsured. Tyler Scarce, Risk Advisor at Honan Life, explores common misconceptions about life insurance products and highlights the importance of understanding your personal risk exposures

November 13, 2023

Technology

Taking flight: why drone insurance is important for commercial use

The global market size of commercial drones is forecast to grow in the coming years. From capturing breathtaking footage to 3D mapping, product delivery, and use in construction and agriculture, Australia is embracing drone use. With the uptake of drones to support jobs across the economy, drone insurance or insurance for remotely piloted aircrafts (RPA) becomes essential for businesses. Chris Papakostas takes a closer look at why you should consider drone insurance and how to secure it.

November 8, 2023

Warranty & Indemnity Insurance: Key Trends and Considerations in Business Deals

Warranty and Indemnity insurance (W&I) is an insurance solution that provides coverage for breaches of warranties and indemnification claims outlined in sale and purchase agreements. This insurance safeguards against losses or liabilities arising from undisclosed or unknown issues and indemnities. Essentially, the insurer assumes the responsibilities of the party providing the contractual warranties and tax indemnity. W&I insurance functions alongside negotiations and serves to enhance, rather than substitute, a thorough due diligence process. Here's a snapshot of current trends and considerations in W&I insurance to help you make an informed decision about your transaction.

November 8, 2023

Workplace Risk

Avoiding Work Party Pitfalls: Tips for Celebrating Safely in 2023

Office parties and festive season activities are a welcome opportunity to celebrate the end of another memorable year. Unfortunately, workplace injuries can occur and organisations may be liable in the event of a staff member’s accident, injury or illness while in attendance. To ensure you are well prepared, Jules Paolino, Client Manager – Risk Consulting, has provided top tips to help keep your business celebrations safe and joyful this year.

November 2, 2023

Transport & Logistics

HoneIn FY24 Q1: Transport & Logistics Market Update

November 2, 2023

Employee Benefits

Technology

Start-Ups

HoneIn FY24 Q1: Global & Networks Market Update

October 30, 2023

Strata News

Unpacking historic catastrophes: how does it impact the insurance industry today and in the future?

The rising cost of living, driven by high inflation, highlights a pressing issue for the insurance industry and its customers, specifically the affordability and availability of insurance. This article takes a closer look at the new data which help to better understand and prepare for a future where extreme weather events won’t be a mere exception.

October 30, 2023

Transport & Logistics

HoneIn FY24 Q1: Transport & Logistics Update

October 30, 2023

HoneIn FY24 Q1: Professional & Executive Risks

October 23, 2023

ASIC takes aim at boards and executives for cybersecurity failures

In an era where digitalisation has become synonymous with business operations, the threat landscape has evolved and cybersecurity has taken centre stage. The Australian Securities and Investments Commission (ASIC) is stepping up its efforts to hold boards and executives accountable for cybersecurity failures within their organisations, which was addressed by ASIC Chair Joe Longo at the Australian Financial Review Cyber Summit last month. This proactive approach is aimed at safeguarding not only corporate data but also shareholder value and public trust.

October 17, 2023