Macarthur Insurance & Risk | Businesses

Macarthur Insurance & Risk

Phone: 1300 936 717

Address: Level 1, Suite 2, 23 Fairwater Drive, Harrington Plaza 2567

Website: https://www.macinsure.com.au

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20.01.2022 Employers may be faced with rising liability risks as easing coronavirus restrictions allow staff to return to the workplace. Claims under employment practices liability (EPL) insurance could be triggered by an employee becoming infected with COVID-19 or as a result of undue stress created by the poor or ineffective management of the virus response. Businesses with variable risk management procedures for different teams and locations could trigger discrimination issues, whil...e loss associated with enforced self-isolation could also give rise to a claim. Breach of privacy and emotional distress are other areas of risk, which focuses on COVID-19 considerations. Most EPL policies contain exclusions for loss related to bodily injury however there is generally coverage for claims relating to mental anguish or emotional distress alleging an EPL breach. Directors and officers insurance is another area where the outbreak of the virus is increasing risks for companies in a range of areas. It is likely that legislative and regulatory changes will shape the post COVID-19 environment and increased scrutiny will be placed on organisations to understand and implement any changes. Prime Minister Scott Morrison on Friday outlined a three-step plan for easing coronavirus-related restrictions. The proposals will allow more businesses to gradually reopen and could see many employees back in their workplaces in the next couple of months. This information was obtained from www.insurancenews.com.au

13.01.2022 Thanks for the kind words, We enjoy working alongside your business Posterboy Printing

10.01.2022 With the start of a new week we are seeing more positivity for business in Macarthur as the restrictions surrounding COVID-19 start to relax. For the past few months, we have been assisting clients with changes to their insurances as businesses contracted and in some cases temporarily closed. We are now seeing businesses reopening and last week alone received inquiries for 10 new businesses starting up in our region ... Things look to be on the up & up ! We are here to help with any insurance assistance you require

10.01.2022 Happy Melbourne Cup from us to you Club Menangle

06.01.2022 Cyber Insurance We often refer to a cyber-attack as being a digital fire Recently an insurer paid $350,000 ransom as Cyber Crooks Change Tack... Digital thieves have become more brazen since the pandemic lockdown began, The $350,000 payment was made via bitcoin to free a clients system from a new strain of ransomware. Paying a ransom isnt the preferred way of dealing with these incidents, However sometimes there is no option other than to pay. The software stole the clients data and had its IT system locked down before making an extortion demand. The policy covered the cost of the ransom & loss of earnings as a result of the Cyber attack Cyber-attacks are very much on the rise. A cyber policy can protect your business again such losses Information obtained from www.insurancenews.com.au

06.01.2022 Is your Commercial Property currently unoccupied due to COVID 19? Due to the impact of COVID 19 there have been adverse impacts on many businesses resulting in the closure of some businesses or in some other cases, the eviction of a tenant by the landlord. This has resulted in an increase in number of vacant properties ... Many commercial building insurance policies exclude cover where the property is unoccupied for more than 90 days. This means there would be no cover in the event of a loss such as fire, malicious damage, storm etc. We have access to insurers who can provide cover unoccupied properties. Please let us know if we can assist This article is not intended to be advice and you should not rely on it as a substitute for any form of advice. Please review your policy wording carefully and contact Macarthur Insurance & Risk for further information.