FNQ Insurance Brokers in Cooktown, Queensland, Australia | Insurance broker

FNQ Insurance Brokers

Locality: Cooktown, Queensland, Australia

Phone: +61 1300 080 312

Address: 5 Webber Esplanade 4895 Cooktown, QLD, Australia

Website: http://www.fnqib.com.au

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25.01.2022 Cyber-related risks are becoming more prevalent. This article highlights the need to do your due diligence when it comes to ransomware. #localbroker #cyberinsurance #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals

24.01.2022 #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals

23.01.2022 Claims can be so confusing and stressful. Using a local broker who can handle the claim from start to finish and knows what you are covered for takes the hassle out of claiming. #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals

20.01.2022 Why Is The Insurance Market Hardening The insurance market is cyclical, moving through both hard and soft markets. A soft market is generally characterised by low rates, high limits and readily available cover. In a hard market premiums increase and capacity will generally decrease. This can be caused by a number of factors: falling investment returns / low interest rates... increases in frequency or severity of losses reduced capacity cost of reinsurance regulatory intervention Low interest rates mean that insurers can no longer rely on their investment returns to bolster unprofitable results. When interest rates are low insurers focus on underwriting profitability which means raising premiums, tightening underwriting guidelines and being more selective about risk. In general insurance claims are increasing because of social inflation, which is the societal trend towards increased litigation, broader contract terms, plaintiff-friendly legal decisions and larger jury awards. An example of this is the increased number of Securities Class Actions (think Centro Group, Commonwealth Bank, Takata airbags) seen over recent years. Because of significant losses ($1.8 Billion in 2018), Lloyds of London Decile 10 review resulted in a number of unprofitable Lloyd’s syndicates exiting the Australian market resulting in reduced capacity and a retraction in the number of underwriting agencies who have typically participated in the hard-to-place risks. Reinsurance is the insurance that insurance companies purchase to protect their bottom line. Recent times have seen the cost of reinsurance increasing due to the large number of catastrophe losses around the world. This additional cost is then passed down to the consumer. S&P Global Ratings noted that reinsurers saw property catastrophe rate increases in the range of 15% to 25% in the second half of 2019. The Marsh Global Insurance Market Index found that commercial insurance pricing increased 11% in the fourth quarter of 2019, while financial and professional lines rose nearly 18% (Marsh Global Insurance Quarterly Report Q4 2019). This suggests that the insurance industry is currently hovering around 9-10 o’clock on the insurance clock pictured below, with rates expected to continue to rise in the foreseeable future. #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals

19.01.2022 FNQ Insurance Brokers - Use a broker who can help you arrange the right cover for you and your Business. Call 1300 080 312 today for an obligation/cost free assessment and quotation of your Insurance requirements. #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals

16.01.2022 Our office will be closed from Thursday 12th December 2019 and will reopen Monday 6th January 2020. We will be contactable at all times during this period. For any enquiries please call 1300 080 312, Sam on 0417 388 745 or John on 0414 250 090. #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals

16.01.2022 Please note, until further notice FNQ Insurance Brokers have adopted a remote and flexible working approach in response to the COVID-19 pandemic. Whilst our physical office will be closed, we remain open for business as usual & contactable by phone & email. We shall strive to ensure we continue to offer and provide the excellent service you have come to expect from us.... Our contact details are as follows: Sam Godfrey-Roberts PH: 0417 388 745 Email: [email protected] John Dessmann PH: 0414 250 090 Email: [email protected] Office Phone (diverted to mobiles): 1300 080 312 #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #generalinsurance #localssupportinglocals

14.01.2022 Coronavirus: some insurance questions answered Declarations of insurance catastrophes haven’t been all that uncommon over the past six months, but the COVID-19 outbreak is unlike anything that has gone before. While we can stretch to defining the coronavirus outbreak as a catastrophe, this particular declaration isn’t based on a large volume of claims no one has the faintest idea what claim numbers will eventually look like but on the importance of delivering consistent...Continue reading

08.01.2022 We're hoping that we might be able to see some changes in the marine market with RedSky Insurance. #localbroker #insurancebroker #marineinsurance #niba #steadfast #fnqib #fnqinsurancebrokers #generalinsurance #localssupportinglocals

06.01.2022 Wishing everyone a Merry Christmas & a Happy New Year from the team at FNQ Insurance Brokers. #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals #christmas2019

04.01.2022 Why deal with the team at FNQ Insurance Brokers? FNQiB are local We are available to assist with any queries on insurance, attend on site when required to update insurances or with any claims or claims queries. Experience Sam has 17 years’ experience in the insurance industry. ... Giving back to the local community - We are going to use all local services (where available & applicable) to service our claims. This means keeping business within the local community such as but not limited to: Builders, Plumbers, Electricians, Motor vehicle repairers etc. FNQiB provide full claims management - We handle claims for you as the client from start to finish. We also remarket your insurance coverages every year to make sure you are getting the best available deal for your coverage requirements. FNQiB provide all general insurance products from large industrial special risks/business’s & trades, to houses, private motor vehicles, boats etc so if you ever require a quotation on any of your insurance placements please don’t hesitate to contact us on 1300 080 312 or email [email protected] #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #generalinsurance #localssupportinglocals

04.01.2022 This is a great page from the QLD SES website with a lot of handy links regarding preparedness for all weather events. Keeping yourself and your property safe by being prepared is essential. Please give us a call for a no obligation, cost free quotation of your property/business so we can ensure that you are correctly insured.... 1300 080 312 [email protected] #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals

01.01.2022 Management Liability can provide protection for Directors and Officers of a business against losses varying from penalties resulting from workplace injuries/death to unfair dismissal & harassment cases and Tax Audit cover. Here is a handy video for a brief rundown & if you would like to know more then please get in touch on 1300 080 312 #localbroker #insurancebroker #niba #steadfast #fnqib #fnqinsurancebrokers #localssupportinglocals