Most insurers will allow you to increase your excess to reduce your premium. Why? Because when you increase your excess it shifts some risk from the insurer back to you. It represents a saving for insurers, as they no longer have to pay out numerous small claims. Often people see a higher excess as one […]
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Ms LANDRY (Capricornia) (09:51): Today I urge all men in Australia to give their walnut-sized prostate a name and take him to the doctor for a health check. This is a novel concept that I launched in my electorate of Capricornia. The aim is to raise the profile of prostate cancer, which kills more men […]
A BETTER WAY TO GO Attention business owners! Did you know that as a director of a registered business entity, a corporate travel policy is valid for both your business and your leisure travel? The cover can also include additional business executives and other employees on the move. While many entry-level travel insurance policies contain various […]
WHEN BUYING INSURANCE, WHICH WAY TO GO? Whilst it’s true to say that the TV ads of the Direct Insurance Marketers are very ‘catchy’ and ‘humorous’, prospective buyers of these classes of insurance from these vendors should be aware that the product being promoted is actually ‘protection’: protection of the livelihoods, incomes and assets of […]
PITFALLS FOR AUSTRALIAN SUPPLIERS Australian Consumer Law (ACL) provides a national framework for consumer protection in the supply of goods and services. Under the ACL, the definition of a “manufacturer” of goods is broader than just the enterprise that makes the goods – it is defined as including a person (includes a company or partnership) who: […]
WHICH ONE FOR WHAT PURPOSE? As the dust settles on another financial year it is worth looking at some issues that continue to have an element of confusion for all concerned. One of these is the role of an insurance broker in relation to two widely used industry documents – the letter of appointment and […]
HOLIDAY PLANS AT RISK Nothing spoils a holiday more than being stranded following the financial collapse of a travel operator. Until recently, a traveller’s problems with a travel agent or transport operator going belly-up had some protection offered by the Travel Compensation Fund. This government legislated fund compensated travellers if the operator or agent collapsed […]
WORKCOVER CLAIMS QUESTIONED Employers are sometimes faced with a situation where they disagree with a decision of WorkCover to accept a claim for statutory benefits made by one of their employees who allege that they have been injured during the course of their employment. The employer may disagree with the acceptance of the claim for a […]
“Wise Words” of Robin Williams 1952-2014 Spring is nature’s way of saying, ‘Let’s party!’ I’m sorry, if you were right, I’d agree with you. You’re only given a little spark of madness. You mustn’t lose it. What’s right is what’s left if you do everything else wrong.