Who is to blame for the loss of 130 ft superyacht My Song during the voyage from Palma to Genoa?
It appears the blame game has already started, as the transport company (Peters & May) has already made preliminary comments that the yacht's cradle collapsed and that the cradle was 'owned and provided by the yachts owners, warrantied by the yacht for sea transport, and assembled by the yacht's crew'.
Whether you're a start-up business or a small-to-medium size enterprise, there are a number of insurance policies you should consider for your insurance and risk management solution. Running a business involves risk - often risk to your own personal finances and livelihood so it makes sense to manage your exposure, reduce the impact of events and protect yourself and your family.
Business insurance can protect a number of elements that you need to stay in business. It can protect your property - equipment and machinery, and it can also cover you, your employees and members of the public.
A lot of hard work and resources go into creating crops and protecting the land that provides the nutritional needs of the world. Professional Farmers know the value of insurance in protecting their investment in crops and livestock from threats from unpredictable weather, freak accidents and fire.
Weather is certainly a factor involved with many insurance covers, but did you know there is actually a "weather insurance" solution?
With insurance (and nearly everything these days) available 24/7 with the click of a button, why do people still use an insurance broker? And should you use an insurance broker or purchase your insurance directly online? Before we can answer that question, it’s worth getting a better understanding of what an insurance broker is, and what they do.
Farming is a major part of human existence. It is because of farming that we have food on our plates. However, not every farmer is farming as their primary occupation. Many of us engage in farming as a side business or a hobby.
We thought it might be timely to discuss the insurance safety net that is designed to protect businesses and help them recover from an event such as this: Contaminated Product Insurance.
Insurance alleviates the worry and 'what if' about travelling overseas or starting a new business, when you have insurance that’s your safety net to going 'all in' with your life. Without business insurance for example your whole life’s work could potentially come to nothing if you don’t protect your asset.
As a farmer you understand risk management and how to throw hundreds of thousands of dollars out in the paddock and get it back.
In a recent blog post, Professor Allan Manning found in his and insurers' research that 84% of SME business owners believe they are fully insured, while only 2% of Australian SME businesses are fully protected with business interruption insurance.
