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Current State of the Insurance Market

Posted on 2nd December, 2019 in Insurance, News

Moody Kiddell & Partners is pleased to share with you the Finity Insurance Market report outlining the current state of the insurance market including external factors impacting your policy. The report forecasts a continuation of premium rate increases and tightening of capacity (the insurer’s ability to accept risk) across most classes of insurance products due to the ongoing ‘hard market’ conditions. What is a hard market? Higher insurance premiumsStricter underwriting criteria, limiting number of policies issuedInsurers are less inclined to negotiate terms Why are we currently experiencing a hard market? A string of natural disasters have resulted in a higher…

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Have you reviewed your small business insurances lately?

Posted on 9th August, 2017 in Insurance, News

Insurances are an accepted part of doing business, but many small companies in Australia are essentially putting their businesses at risk, simply because they don’t have the right type of insurance. If you are a small business owner, then you are most probably aware that ‘off-the-shelf’ insurance policies don’t always suit your business’s needs. In fact, most small business insurance policies need to be expertly crafted to suit the individual needs of each business. This means that the insurance landscape is fast becoming a very customised environment, where the same type of policy can look entirely different, depending on each…

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Are you protected against a Cyber Attack?

Posted on 24th May, 2017 in Insurance, News

Have you seen the recent news reports on the cyber attack which affected at least 150 countries including Australia?  Businesses of different sizes can be affected and experts are warning that there could be further cases, so how can you protect your business from such attacks? Protection Run computer updates Use firewalls and up to date anti-virus software Be wary when reading emails Regularly back up your data and files. Businesses should also have adequate insurance to cover exposures faced from relying on the internet, email, websites or computer programs, data and from storing private information about their clients. Cyber…

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