Blog
What’s the difference between Work Cover, income protection & accident & sickness disability insurance?
Worker Cover (also called worker’s compensation), income protection and accident & sickness disability insurance all pay an ongoing benefit if you are unable to work due to a disability, but the rules and regulations governing the three types of insurance are...
What is trauma insurance, and do I need it?
In Australia most people have heard of life insurance, health insurance and income protection, but trauma insurance (also called critical illness insurance) is less well known. However, trauma insurance is an important component of a comprehensive personal insurance...
What is TPD insurance and what are the different definitions?
Did you know that if you suffered a serious injury or illness such that you could never return to work, that the financial impact to you and your family can be worse than if you died? If you think about it, in both scenarios you would not be able to earn an income and...
How does income protection work?
If somebody asked you “what is your most valuable financial asset?”, what would you say? Your house? Your car? Your personal jet? For most people – your most valuable financial asset is your ability to earn an income OR the present value of your future earnings. For...
What is child cover?
What would you do if your child becomes very ill (e.g. leukemia, cancer, meningitis) or has a serious accident (e.g. head trauma, severe burns, loss of a limb)? You might need to become a full-time carer and spend long periods in hospital away from home, and then...
What are the benefits of having a life insurance adviser?
Life insurance, which also includes TPD insurance, income protection, trauma insurance and child cover can be quite complicated. A life insurance adviser can help you navigate the differences between policies with respect to definitions and exclusions, and the tax...
Why should I use an insurance broker for my business insurance?
Running a small business is quite challenging and there are a lot of different things you need to worry about. As a result, many small businesses outsource or partner with specialists such as accountants, IT consultants, employee recruitment agencies, marketing...
What types of insurance do tradies need?
Tradies perform a range of essential services to society including electrical services, plumbing, roofing, painting, plastering, tiling, bricklaying, fencing, earthworks and building services to name just a few. The saying “you can never be too careful” is used a lot...
What is public liability insurance and who needs it?
If you run a business, you almost certainly need public liability insurance. When your business interacts with customers or the general public, your business can be sued if there is an injury to a person or damage to a person’s property due to your negligence. Even if...
What is professional indemnity insurance and who needs it?
As a professional, your clients rely on you to provide them with the most accurate, appropriate, and up to date advice. Even if you are diligently keeping up with the changes in your industry, mistakes can still happen potentially leading to legal action against you...
What is management liability insurance and who needs it?
Running a small business is quite challenging and there are a lot of different things you need to be aware of. It can be difficult to keep up with government legislation, but as a director of a company you are expected to adhere to government legislation in a range of...
What is cyber insurance and who needs it?
If your business activities involve doing anything on the internet such as sending and receiving emails or using social media to promote your business, then your business has some exposure to cyber crime. However, if your business has an e-commerce website, keeps...