The growing popularity of e-bikes and e-scooters has increased concerns among strata property owners and tenants about the heightened fire risk linked to faulty Lithium-ion batteries.  This surge in popularity calls for a closer examination of risk management related to these items. In January 2024, investigators...

Preparing for wet weather Wet weather conditions are here to stay this winter. For large parts of Queensland and NSW, summer 2021-22 was non-stop rain.  With the La Nina effect continuing in the tropical Pacific, there is a chance the east coast of Australia is in for...

The Importance of Maintenance in Strata Buildings Steadfast Group has provided feedback on a common theme that keeps re-emerging in Residential Strata claims. A poor standard of maintenance and known maintenance defects are a major contributor to or cause of losses, particularly in older strata buildings. This...

What’s the difference in the way insurers treat storms and flood? There’s a difference in the way insurers treat claims related to storm water and floodwater. As such, it’s important property and business owners understand this difference, should they experience either of these events. This differential...

How to protect domestic property against La Niña risks The Bureau of Meteorology has predicted the chance of a La Niña climate system developing at 70% - or three times the usual likelihood. As a result the northern and eastern parts of Australia are likely to...

COVID and the risk of unoccupied dwellings on farms The COVID pandemic continues to create complications for people from all walks of life, and farmers are no exception. The inability to employ seasonal workers, relied upon by farmers, has been well documented in the media. This not...

The following article provided by QBE Insurance focuses on the once popular building material, you should know about Asbestos in commercial buildings and has been republished with their permission. Asbestos in commercial buildings: a hidden threat Until the late 1980s, asbestos was a popular building material and commonly...

The following article provided by Insurance Australia Limited (IAL), provides insight into risk mitigation through an Emergency Response Plan and has been republished with their permission. Prepare your site for flood with an Emergency Response Plan Over the years Australia has experienced many extreme weather events, from...

Finity Market Report [vc_row][vc_column width='2/3']Approaching the halfway point of the year, we are seeing the insurance market shift from a ‘soft’ to a ‘hard’ market. Factors like significant losses, particularly due to a due to a string of natural disasters, and economic conditions can lead the market...

Fire & Emergency Services Levy Deferred Indefinitely [vc_row row_type='section' type='grid' text_align='left' video='show_video' video_overlay='show_video_overlay' video_webm='' video_mp4='' video_ogv='' video_image='' background_color='' border_color='' padding='' padding_top_bottom=''][vc_column width='1/1'] UPDATE: 22 June 2017 - A new and necessary piece of legislation (Emergency Services Levy Bill 2017) had been issued on 22 June 2017 which required...

CHU Underwriting Agencies, one of Australia's leading strata insurance specialists, has launched the first specifically tailored insurance product designed for build to rent residential properties. A build to rent property is one where the owner, developer, managed investment trust, or another entity owns 100% of the...