P.A.S Insurance Brokers | Insurance broker

P.A.S Insurance Brokers

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25.01.2022 The mental health impact of COVID-19 on workers compensation claims Of all COVID-19 related claims lodged with icare Workers Insurance, 30 per cent have been for psychological injury, indicating that the impact of the pandemic extends beyond the risk of contracting COVID-19 in the workplace. https://www.icare.nsw.gov.au//the-mental-health-impact-of-

24.01.2022 IS YOUR BUSINESS FIRE SAFE? Although bushfire season is here, the risk is only one of a host of different sources of fire. Arson is often the cause of fire and poor maintenance standards are another serious fire risk for businesses. This can also include old cabling or incorrect storage of flammable materials. Speak to us today to ensure you have the right levels of cover in place.

23.01.2022 Could you recall every valuable item you have, if your home was damaged or destroyed? Most of us couldnt. Thats why a complete home inventory is so important, not only to you, but to your insurance company as well https://www.chubb.com//how-to-create-a-home-inventory.aspx

21.01.2022 WATCH OUT FOR PAYMENT REDIRECTION SCAMS There's been a recent increase in payment redirection scams.The scam involves fraudsters intercepting email communications between two parties in order to send new account details, redirecting the funds to the fraudsters account. If you receive emailed instructions to make payments or changes, we strongly advise contacting the client or requester by phone to confirm the instructions before acting on them. For more information, visit Sc...amwatch or download the ACCC Little Black Book of Scams. Everybody is a target. Don't be a victim. https://www.accc.gov.au/publ/the-little-black-book-of-scams

19.01.2022 Business as usual here for us at P.A.S.

18.01.2022 Incoming storms and heavy rain are expected for the end of the week. Whilst this provides a relief to our firies on the frontline, we urge everybody to be prepared and stay safe.

14.01.2022 How important is Business Interruption cover

11.01.2022 CYBER INSURANCE: According to the Australian Competition Consumer Commission (ACCC) in 2018 a total of 3000 small businesses suffered $4.5 million in losses as a result of cyber attacks. Despite this alarming statistic, too few small businesses take out cyber cover. Speak to us today to find out more

09.01.2022 CORONAVIRUS - Now a Pandemic How does this impact Business Insurance Policies: The SARS outbreak in 2003 contributed to policy changes. In 2003 policies did specifically insure against losses arising from disease, but many of those extensions have been deleted since that time.... Policy exclusions include any infectious animal or human disease, while limitations based on notifiable disease would now be in effect for the coronavirus. Business Interruption cover also requires triggers such as property damage also. In regards to Travel Insurance, as the coronavirus has now been declared a Pandemic, most travel polices exclude Epidemics and Pandemics for all sections of cover. Watch this space !

09.01.2022 COVID-19 and Insurance: How will your premiums be affected? Over the past months the COVID-19 pandemic has had a significant effect on Australian business. Small and medium sized business has been hardest hit, as have specific industries, namely accommodation and food services. Some businesses have ceased to operate entirely, while others are experiencing a huge reduction in demand and turnover.... Many aspects of your business may change, including insurance. You might be asking, will my premiums increase, or if I need to make a claim will I have to wait a long time for it to be processed and will it be accepted? As insurance brokers/advisers, we can connect you with the support your insurer is providing during the crisis. We’ve also addressed some of the most common concerns from businesses like yours, and created some much-needed common-sense information so that you can make better decisions based on your own objectives and business needs. So, let’s learn more about how COVID-19 might impact your insurance needs and costs. Will your insurance premiums increase? Like any business, insurers are seeing a substantial impact upon their revenue due to COVID-19, in addition to rising claims costs from the recent horrendous bushfire & storms over the past summer. Notwithstanding, some insurers are providing short-term relief through deferred payments & other financial hardship assistance. Talk to us to find out what your insurer is doing to provide assistance. Will there be an impact on what you can claim? While there are measures in place to help businesses as they adjust to the current COVID-19 restrictions on trade, it’s important to make sure you’re making claims that your business is eligible for. After all, it’s a lot of paperwork if it isn’t going to return a positive result. Business Interruption (BI) cover has been a hot topic, both here and overseas, as Government restrictions prevent many businesses from operating at full capacity or at all. In Australia BI cover usually covers physical damage or loss to the property. In normal circumstances there is usually an exclusion for pandemics i.e. COVID-19. While some claims could be accepted, it remains unlikely that BI cover will support claims made by businesses in relation to the current coronavirus pandemic. However, recently the Australian Financial Complaints Authority (AFCA) advised that they will be taking a 'test case' to the Federal or Supreme Court to 'test' whether the BI exclusions of some insurers can be relied upon to deny claims. We will keep you advised on developments.

08.01.2022 https://www.news.com.au///1273c2b5e3dcda15a47e30e862bbbb77

05.01.2022 Who's ready for a new Financial Year?

03.01.2022 Tough times are the ultimate examiner. They bring to the surface character and give us an opportunity to sink or swim, fight or run, learn or grow bitter. The s...ooner you accept that life is brutal, and challenges will come in abundance, the sooner you'll pull yourself out of any slump and go searching for the lessons from the challenging experiences. If you switch your mindset during difficult times, from one where you complain about the cards that are dealt, to one where you look for the lessons in what you're experiencing, you'll start to see yourself in a whole new light. You have the choice. #mentored #mondaymotivation #motivation #businessowner #businesschallenge #lessons #entrepreneur

03.01.2022 HOW TO MINIMISE BEING UNDERINSURED: Many business owners discover they don't have the cover they need in the worst possible circumstances. Remember, you get what you pay for. The lower the premium, the narrower the cover usually Speak to us today about underinsurance traps