What’s the Difference Between Insured, Named Insured & Interested Party
Insurance jargon can be confusing, like the difference between: Each has a special meaning, so it’s important to understand the differences. Who is ‘The Insured’? Who is the ‘Named Insured’? Like the Insured above, this will include the person arranging and paying for the policy. There may also be Additional Named Insured(s) shown in the […]
Taking Charge of Bushfire Preparedness: The Free Resilience Rating App for Homeowners
In an unprecedented development, Australians now have access to a revolutionary, free application designed to enhance their home’s resilience against bushfire risks while potentially reducing insurance premiums. The Australian Government has invested $3 million in support of the pioneering efforts of the Resilient Building Council (RBC), which has officially launched its innovative Bushfire Resilience Rating […]
Managing risks: Key Insurance Covers Contractors Should Have Before Starting
There are 3 Insurance certificates that your Contractors should give you before starting work. Insurer requirement Your insurer will often have a requirement in your insurance policies that you obtain and keep copies of the contractors’ certificates of currency on file for use in the event of a claim. Quick Tips for checking Contractors’ insurance […]
Which types of businesses need Cyber Insurance?
Businesses of all sizes and industries should consider cyber insurance, especially if they: This covers over 90% of businesses. Every 10 minutes a business is cyber attacked, resulting in billions in losses each year. Cyber Insurance can help protect your business from financial losses and assist in removing malware and reinstate computer systems. Cover varies […]
Public Liability Incidents & Claims: What to Do and What Not to Do
Today, businesses face a variety of risks; one of the most common and potentially expensive is public liability incidents and claims. Customers, visitors, or contractors can trip and fall or slip in the water or other liquid, resulting in sprains, broken bones, hospital costs and time off work. Public liability insurance is specifically designed to […]
Quick Tips – Managing Your Insurance Bills
Quick Tips – aim to have to right type and amount of insurance The Value of Professional Insurance Advice The vast majority of business owners rely on Insurance Advisers, who: These are some simple tips to save money on your insurance costs, which still maintaining the right type and amount of cover for you and […]
Managing Electric Vehicles – EV Insurance and Risks
Australian EV sales are on the rise, and with the rapidly increasing take-up, building infrastructure to support EV recharging is becoming increasingly important. That means installing EV chargers in homes and public spaces, which has its risks. In this article, we’ll look closer at the potential risks and dangers of EV cars, chargers and […]
Insurance Spotlight – Motor Fleet Insurance
Discover why motor fleet insurance is essential for businesses managing multiple vehicles. Learn the difference between Third Party Property Damage and Comprehensive cover, what CTP includes, and how LA Insurance can help protect your fleet.
Understanding Common Carriers and Their Role
Sending valuable goods? Don’t assume they’re covered. Common carriers often have limited liability, and basic cover may not match your item’s value. This article explains carrier liability, when to buy additional cover, and why annual Transit insurance can “set and forget” protection. Learn the steps to declare value, secure packaging, and keep documentation for claims.
Statutory Fines & Penalties and Insurance cover
Statutory fines and penalties can expose directors and senior managers to serious financial and legal risk. This article explains how cover is typically arranged (standalone or within Management Liability/D&O), what it can include (investigations, defence costs, some penalties), common exclusions (wilful acts, certain WHS fines), and why policy wording and director indemnity deeds must be reviewed carefully.