Pacific Islands Insurance

WebInsure has insurance facilities to offer covers in most Pacific Islands not limited to;

• Papua New Guinea
• Vanuatu
• Fiji
• Samoa
• Cook Islands
• Tonga
• Nauru
• Kiribati

Transit, Business, Marine, Liability Covers are all available

http://www.webinsure.com.au/insurance/pacific-islands/

Business Insurance

Our Professional Business Insurance advisers will contact you within 24 hours to ensure the recommended product best suits your needs.

Business Insurance packages

Business Insurance packages are tailored to your industry, business scale and scope. We understand that no two business insurance are the same and that they all don’t fit with the one insurer. Many times we need to tailor the cover by mixing policies from different business insurers to achieve the optimum cover for you in both price and features. In the business insurance package section we can offer you:

• Public liability Insurance
• Insurance for Accidental damage or defined events like Fire, storm, or malicious damage to your buildings and stock in trade
• Glass breakage Insurance
• After a major claim we also can back you up with loss of profits or consequential loss insurance
• We offer business insurance cover for specified items like mobile phones and laptops or employees tools and personal items
• Personal accident and illness or Income Protection
• Life cover
• Keyman Insurance
• Business Partnership insurance

We also offer the convenience of pay-by-the-month insurance, to help with your cash flow. With a range of premium funding companies, we can also arrange payment for Work Cover and other statutory payments such as Liquor Licences.

Can my business be covered?

Most business can have an indicative insurance quotation within 48 hours however we may need to obtain quotations from several insurance sources and this may delay the process. Occasionally due to the high risk nature of a business insurance – explosives manufacturers, vehicle importers – we need to apply to overseas insurers as the covers may not be readily available, in this case the lead time to obtain quotes can be as long as 30 days.

Why use WebInsure ?

We use a panel of Professional Business Insurance providers, in order to obtain the best price, some of these Professional Business Insurance companies offer very specialised product(s) and have limited capacity and because of this the Insurer list is flexible and does change.

Where does WebInsure service for Business Insurance ?

Our service is Pacific Wide

• Papua New Guinea
• Vanuatu
• Fiji
• Samoa
• Cook Islands
• Tonga
• Nauru
• Kiribati

Please contact me !

WebInsure - Business Grade Insurance Advisors

Should Income Protection be inside Super ?

Is income protection inside super really good enough for everyone or is there failings in the offerings from Industry Super Funds ?

Good Question – If you need the answer -

Contact one of our advisors

PLEASE CONTACT ME REGARDING MY INSURANCE

• Name
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• Address
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• TELL US BRIEFLY YOUR INSURANCE NEEDS
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• Date My Insurance Is Required
• Please Type these letters - as a security check
  

http://www.webinsure.com.au/financial-planning/income-protection/

http://www.webinsure.com.au/financial-planning/income-protection/income-protection-sunshine-coast/

http://www.webinsure.com.au/financial-planning/income-protection/income-protection-insurance-newcastle/

WebInsure - Business Grade Insurance Advisors

Disaster Management

A disaster management plan is a key element of any business plan and is often missing in plans we review for clients

A little over 12 months ago we sat in our Toowoomba office and watched dumbfounded as heavy rains, became floods and then became life threatening -

Our office in the CBD, lost power, internet and sewerage and was not usable for a period of 2 weeks

Fortunately we were able to enact our emergency plan and relocate the office to our home kitchen table. Our VOIP phone system only needed internet access and offsite data storage of client files (in Melbourne) meant we were functioning normally from a client perspective the very next morning.

From there we ran our business watching the news, seeing clients and most importantly ringing them and ensuring they were ok and not in need of any distress related help.

 How would you disaster proof your business?

What could happen – A tradesman could have all of their tools stolen.What is the recovery plan? Do you have a list of all the critical items for business functionality say for the event of a fire and is it stored off site? Could it be stored on a smart phone?

A major insurance broker in the Brisbane CBD had client records and servers located in the basement. While this seemed secure, the floods of last year meant clients records were unable to be referred to for a period of over one month – How would your clients handle that ??

Risk disaster management plans like any business plans need to be structured and the best ones are simple.

 Who? What?  Where?  When? Why?

The classic questions that give the answers to just about anything

Analyse your risks in a systematic manner, create solutions and prepare for the worse.

Insurance alone is not always the answer – for example while an insurance company may offer replacement of a broken item, coverage for the 8 week delay for the part coming from Europe is often overlooked –

 Can you afford to not produce your products for an extended time?

If it’s critical and could happen and you cant afford to be without… Insure it!

http://www.webinsure.com.au/insurance/business-insurance/

WebInsure - Business Grade Insurance Advisors

WebInsure - Business Grade Insurance Advisors

Who offers Faith Insurance  ?

There are several players in the Faith Insurance market but our preferred Faith insurer is Ansvar -

“Ansvar Insurance is regarded as one of Australia’s leading insurers of faith organisations, educational facilities, charitable organisations, community groups, heritage buildings and care facilities.”

They have over $120 Million per annum in Premiums – a pretty impressive amount and obviously authorised by APRA and have a licence issued by ASIC -

They Pay Claims

Ansvar have great claims facilities and it was with sadness that we heard they decided to stop offering house insurance in Australia – But we know that the commercial claims division is equally as good and the have a genuine willingness to make a payment happen

Faith Insurance -

By using Ansvar we know that we are guiding our clients to a specialist Faith Insurer whose products and services have been made to meet the challenges of a modern Faith Insurance Programme

They appreciate the specialities

They appreciate the specialities required in a Faith organisation and are well aware of the problems faced dealing with reinstatment and the associated risks providing safe environments -

Insurance for your church, synagogue, mosque, temple and other place of worship

By using the expertise of Ansvar we are able to offer superb coverage to protect almost any place of worship

The Ansvar comprehensive Faith insurance policy has been designed to ensure your place of worship and the people who work directly with you are adequately protected.

Faith Insurance includes

• property damage,
• loss of income following an insured event,
• misappropriation of funds by staff or officials,
• public liability and more.

WebInsure - Business Grade Insurance Advisors

Strata Insurance Tasmania

In Tasmania a major Insurer has apparently left the Strata Insurance in Tasmania market – only recently this state had many options but it is very quickly being depleted -

Our strata Insurance products offer the Tasmanian owner many great options owing to the flexibility that still remains in the market – For how long this is the case we don’t know – for now it appears the best strategy is to support the insurers who are supporting your region -

Following on from the mates helping mates article – another company has announced it is pulling out of the North Queensland Market -

“As you are aware, Australia recently experienced an unprecedented number of natural disasters. These events continue the pattern of significant losses in North Queensland and have resulted in considerable changes in reinsurance conditions. This has resulted in Lumley Insurance reviewing our guidelines for writing business in this region.
While Lumley will continue to offer all of our major product lines, following communication to directly impacted customers, from 15 October, we ceased writing household and landlord cover in postcodes 4737 and above. We have also revised our underwriting guidelines on all other property lines and this will have an impact on current renewals and any new business opportunities in the region.
We’ve also reduced the number of intermediaries that we will be working with in the region and have imposed new business guidelines which include no ‘wholesaling’. If you have business that was written by a Far North Queensland broker through Lumley or WFI in the past, we will not be in a position to transact that business with your brokerage going forward.”

WebInsure - Business Grade Insurance Advisors

A major problem is evolving

In Far Northern Australia – A major problem is evolving – Many Insurers are refusing to insure risks in Tropical area’s due to risk factors from Cyclone and Floods – The market is dwindling and for our northern cousins, the risk is that with very few players in the market, the premiums they have to pay will increase and increase -

Several Insurers have bailed out of Southern Queensland after the flooding and some have blanket refusals on postcodes -regardless of the location – floodplain or high hill the risk is being refused -

mates helping mates

The Aussie axiom of mates helping mates could not be further from the truth with these insurers – Is there a way we could reverse the trend ?

If these companies are known to the public would people in Southern States refuse to deal with them ? I think it would be a great start – the insurers who offer covers in flood areas and cyclone areas should be your first port of call when looking for new policies ! Why ? they have better risk management strategies and are willing to be there when it counts – at claims time..

Part of the criteria of assessing an Insurer is the product, the price, the administration and the claims – to the stressed person -not only is the claims process important it is crucial and most importantly is not whether the policy offers coverage but the willingness of the company to ensure that payment is made in the fastest way possible – The attitude of “how can we pay this claim? ” is much more refreshing than “how can we avoid paying this claim?”

list of Insurers

If you would like a list of Insurers who are offering cover in North Queensland and a list of those refusing please subscribe here..

WebInsure - Business Grade Insurance Advisors

Life Insurance – Is it enough ?

When Considering the needs of a partnership or family for life insurance there are many ways to obtain a value for the sum insured – But is Life Insurance alone enough or does the insured require even more ? –

Both partners in a relationship should be consulted in the reckoning for levels of insurance – often the silent partner has a serious concern over a condition known to exist in the family and would prefer to see this covered better by the insurance company

Life Insurance alone is usually not enough to cover the major trauma’s

What are Typical Traumas ?

• Stress Disorders
• Heart Disease
• Cancer
• Brain disorders
• Accidents
• Paraplegia and quadriplegia
• degenerative diseases

While most of these are life threatening; in many cases they are not life ending and as such in the early stages will not trigger a claim under Life Insurance alone

When speaking to your life insurance professional – remember to ask about different scenario’s and how one obtains insurance for them – Diabetes for example mainly will not trigger a claim under a Life Insurance or a Trauma insurance policy but may trigger a claim under income protection

What is the optimum Life Insurance package ?

The best combination seems to be to have Life Cover, with Total and Permanent Disability and Trauma Insurance – backed up with Income Protection

Income Protection ensures that the most critical item – your ability to put food on the table is maintained – Of course there are offsets against proceeds but in the main these policies ensure quality of life in the event of an illness or accident

Cover vs Price

There is an adage that the cost of an insurance policy is never remembered at claim time – Cheap insurance usually means cheap cover – ask your advisor for a comparison of the product against the market and why it is being recommended before commencing with a plan to protect you and your loved ones

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WebInsure - Business Grade Insurance Advisors

Business partners will often insure the business physical assets but neglect themselves – the most important part of a business

Why Insure Key People ?

Without the entrepreneurial drive, many businesses will quickly fail – the key-people in a business are as valuable an asset as any building. So we must ask why are they not insured ?

Often its just because we are too busy to ask a Life Insurance professional to assess the risks for the business – At WebInsure we have found the process is pretty straight forward but extremely grievous if its implemented incorrectly

Without this being done you may well end up with a partner you don’t want – for example the spouse of a business partner, who unwillingly becomes a partner, following the demise of their spouse.

Without the life cover in place the business has no means of buying them out

When You Set-Up a Key Person Protection Plan

• Document it ! This is very important – Document it !
• Ensure the tax provisions are catered for !
• Make sure the payments of potential proceeds go to the right person in the most tax effective manner !
• Check that the insurance company will allow you to incease the policy without further medicals !
• Question – Is the insurer a major company? Is it likely to be around to pay long term benefits ?
• Definitely involve both the partners and the beneficiaries in the process – they both need to understand what would happen in the event of a tragedy

The Life Insurance advisor is the Project Leader

Your Life Insurance advisor understands the risks of you not being insured – they are best placed to drive the process and set time frames for any other professionals needed in the process – Often the implementation can be log jammed by other professionals not understanding the limitations of insurance companies and the risk you take every day by not being insured

Our consultants are available for meetings anywhere in Australia to help businesses assess the risks –

Partner Protection Insurance

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Business Insurance Advisor Newcastle

WebInsure now has an advisor to help with business insurance enquiries based in Newcastle, New South Wales – Tony Sampson is also an financial advisor with AAA Financial Intelligence –

Tony can be contacted by phone on 0413 102 096 –

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Tony Sampson has specialities in Small Business Insurance including Life and Income Protection –

Look for Tony to help you with your Business Insurance in Newcastle

WebInsure - Business Grade Insurance Advisors