Just ten years ago, less than one percent of small or medium sized businesses had any type of management liability insurance or directors' and officers' insurance (these are considered financial lines insurance). Now, and with more and more companies facing litigation in connection with management risks and exposures, management liability insurance is now considered a ‘must have’ for Australian businesses.
One of the most frequent types of questions we get as insurance brokers is around travel insurance.
So we decided to create a checklist of the more common scenarios that clients might be wondering about - check it out!
Do you have a good understanding of travel insurance, or do you find it confusing and a bit of a hassle? We could have good news for you. There’s a relatively new option on the market, TravelCard which is a real-time travel insurance option. AND, MIS can help organise the TravelCard insurance solution for you!
As a small business owner, you know your business is you and your family's livelihood. Protecting it properly essentially helps to protect your financial future and provides you peace of mind so you can focus on growing your business. The risks you face come in a wide variety - some of which you can mitigate, while others are unpredictable and unpreventable.
These events could cause damage to your ability to operate, or your property, or worse, to people. Many small businesses won't financially survive a significant event with only the resources on hand, and that’s where insurance is designed to function as your safety net.
Did you know that if you own a rental or investment property you may need a different insurance solution to your normal home and contents policies?
And renters/tenants - did you know that your home and contents are not likely to be covered by your landlord's insurance solution?
If the answer is no to either of these questions, read on and make sure you have a chat to your insurance broker about your situation to ensure you don't have gaps in your insurance solution.
We've all experienced some side effects of the recent heatwave across our great state - sleepless nights, occasional power outages as our power grid struggles to keep up with our air conditioners, cars, people and animals overheating and getting sunburned... but did you know grapes could get sunburned, too?
With some record breaking warm weather, there are additional risks that the vines could die or grapes can shrivel prematurely (the cells inside the grape start to die, reducing the grape's capacity to hold water) or burn in the hot sun.
The SA government has introduced a retrospective stamp duty exemption for multi-peril crop insurance policies from 1 Jan 2018 (11% of the policy cost).
Attention to any of our transport and supply chain clients - changes to the Chain of Responsibility (CoR) laws are coming into effect on 1 October 2018.
Do you need an insurance broker?
These days with nearly everything at our fingertips with the click of a button, is there any need for an insurance broker? Before we can answer that question, it's worth understanding what an insurance broker is, and what they do.
With South Australia's first ever driver-less bus taking to the roads, Managed Insurance Solutions thought it was timely to have a look at what these driverless vehicles might mean for insurance in the future.
It's exciting technology, to be sure, and offers huge opportunities - especially if you think of our ageing population that may not have ready access to public transportation. It could also increase road safety, as the driver-less vehicles don't get tired, distracted by their phone or get behind the wheel after too many drinks.