The Insurance Council of Australia have released updated details of the total number and value of claims for catastrophes during 2011. Excluding the Melbourne Christmas Day Storms, they are as follows:
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"I strongly recommend a Meeting with Jacob Ross before your annual Insurance Policies fall due as the level of expertise displayed by Jacob highlighted the deficiencies I had within my existing Insurance cover. A very professional individual who possesses a high level of integrity in his Business dealings" Geoff Neilson - Joslan Securities
"Thank you for your recent assistance in upgrading my insurances. Your attention to detail has given me a far more comprehensive coverage and despite the additional $3,000 I now pay over my previous broker's package, I can rest assured that if something should happen I am in a much better position to handle it.
I will have no hesitation in recommending your services whenever possible and in fact have already done so. I look forward to a long association with both Affinity Insurances and you personally." Paul Blamey - Argonauts Tree Service
Directors & Officers Liability Insurance protects directors and officers in your business from claims arising from allegations of wrongful acts whilst acting in their capacity as a director or officer. In most circumstances, when an allegation is made against a director or officer, they are held personally liable. In today’s modern business world directors need this type of coverage in place.
Directors & Officers (D&O) liability insurance covers the decisions made by people involved in managing and running an organisation including directors, executive officers, senior managers, and supervisors. Regardless of the industry your business is in, our experienced advisors can identify what risks are insurable and tailor an insurance policy to suit you.
With access to a wide range of business insurance products, we have the flexibility to combine one or two separate products together to ensure your policy is the best for your circumstances and budget.
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LATEST NEWS
Tuesday, January 10, 2012
Australian Catastrophe Figures for 2011
Friday, September 16, 2011
Chemical Fire in Canberra
A factory fire overnight has caused alarm in Mitchell ACT over potential hazardous gas or chemical leaks. There was a spectacular fire with plumes of smoke and explosions as the fire blazed out of control last.
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Wednesday, September 14, 2011
Cafes and Restaurants may no longer need two Menus
Small Business Minister Nick Sherry has announced that the Federal Government is looking to amend legislation requiring Restaurants and Cafes to display a second menu. If the States and Territories agree to the proposed changes it will reduce the red tape of compliance for many small businesses in the hospitality sector.
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Thursday, June 16, 2011
Employee Awarded $10,000 after SMS Sacking
An employee was awarded $10,000 after her former employer sacked her by SMS. You can read about it in this Smart Company article written by Madeleine Heffernan.
As Generation Y take on more Middle Management or Team Leader roles, the need to train them on business etiquette through policies and procedures will become more necessary than it was for previous generations.
Generation Y have grown up with Modern Technology including Mobile Phones, E-Mails, Facebook, Twitter and so do not think twice about using this form of technology in very day communication. Whilst it may be socially acceptable to use these forms of communication, is it ok to use in the context of a business environment, particularly with disciplinary action, or in this case, sacking a staff member. Whilst we do not know if the employer in this case was of the Generation Y, it is easy to see how there is a greater risk of this becoming more commonplace into the future.
Every business owner should take steps to ensure they have systems and procedures in place to make sure this doesnt happen in their business; importantly, they should also have Management Liability or Employment Practices Liability (EPL) Insurance in place just incase procedure isnt followed or perhaps has become 'out of date'.
For more advice on Employment Practices Liability Insurance, contact Affinity Insurance Services on 1300 429 707.
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