Statewide Insurance Brokers

Churchill Insurance Brokers joins Statewide

2011-04-08T14:48:00.002+08:00

Statewide is pleased to announce the recent acquisition of Churchill Insurance Brokers Pty Ltd (AFS license no. 239544) . Churchill was established in March 1999 to provide Western Australian Businesses with an Insurance Brokerage that was independent, experienced and service oriented with access to national and international markets. The Company's business activities cover a wide range of insurance services including corporate, commercial and personal insurance risks as well as managing industry and product schemes. Churchill has established working relationships with many W.A. and Australian Insurance companies as well as establishing a strong network of affiliates with Insurance groups in London, Singapore and throughout the Asia-Pacific Rim. A great fit with Statewide's beliefs and vision....we all look forward to continuing our services aims to all clients...both old and new :)

Who is Construction Insurance Services ?

2011-01-31T14:04:00.002+08:00

Construction Insurance Services is a specialist
division of Statewide Insurance Brokers Pty Ltd -
specifically created to provide Building Industry
Insurance products and advice, tailored to your
business.

Construction Insurance Services is designed
specifically for the Building industry and focused on
Construction and Warranty Insurance

Construction Risk
Material Damage & Public Liability
This product is designed to protect your assets and
liabilities arising during the course of construction.

Workers Compensation
This policy is arranged on an annual estimate of
wages, but unlike others you do not have to keep
detailed records of your sub contractors wages. We
simply calculate it at a rate on the value of the work
you are undertaking.

Builders Warranty
Construction Insurance Services can arrange
Eligibility with leading insurance companies and
specialists underwriting agencies. These include
National and International companies such as CGU,
Vero, QBE and Lumley.
We have the facility to produce warranty certificates
within our office, and certificates can normally be
issued within Twenty Four (24) to Forty Eight (48)
hours, subject to payment of premium.

Products
Construction Risk Insurance
Public Liability
Broadform Liability
Business Insurance
Industrial Special Risk
Builders Warranty
Owner Builder Construction
Owner Builder Warranty
Workers Compensation
Commercial Motor Vehicle
Professional Indemnity
Trade Packages

Vintage Insurance Brokers Joins Statewide

2011-01-28T16:28:00.002+08:00

Statewide is pleased to announce our recent acquisition of Vintage Insurance Brokers.

Vintage Insurance Brokers have been operating as licensed general insurance brokers, commencing business in January 1991, and operating out of Willetton, Perth. Their company motto has always been one of honesty, integrity and to deliver great service to all customers.....a great fit with Statewide's existing principles.

We look forward to continuing our service aims to all clients, both new and old!

Payments Systems - DEFT

2010-06-15T15:47:00.002+08:00

Statewide is a subscriber to the DEFT Insurance payment systems, available through Macquarie Bank. Payment of accounts is now simplified with 5 easy payment options, along with our premium funding facility for monthly debits.

Internet - www.deft.com.au/insurance
Telephone - 1300 78 11 45 24 hours
BPay
Post Billpay
Mail - cheques to Deft Payment Systems for Statewide Insurance Brokers,
Locked Bag 2501, PERTH 6001

Statewide Welcomes new Staff Member

2009-10-01T09:38:00.002+08:00

Statewide is pleased to welcome a recent appointments to the company, in an account executive role.

Kellie Jones bring valuable experience, insurance expertise and knowledge to the company, and we look forward to a long relationship at Statewide.

Kellie is focused on new business opportunities, servicing of existing high end clients, and is responsible for the day to day running our our Childcare Scheme.

Fast Track Domestic Claims

2008-05-14T11:10:00.000+08:00

Perth Insurance Claims departments....

COMPANY POLICY PHONE FAX

Allianz Property 9422 8412 9422 8530
Allianz Motor Vehicle 9422 8411 9422 8530

AMP Claims 1315 37 1800 812 668

Australian UnitySwitchboard 13 29 39

Calliden switchboard 1300 880 037 1300 766 795
cil@claimsservices.com.au

CGU Switchboard 9278 1333 9322 1401
Motor Vehicle 24C Policies 9264 2533
Private 1300 550 193

Chubb Home Policies
9242 5179
9242 5139

CHU Switchboard 9322 1722 9481 6017

Club Marine Switchboard 9335 2222

EIG Ansvar 9212 4507 9324 2013

Lumley Switchboard 9220 8222 9220 8251

MB Prestige Switchboard 9481 3300

QBE General Claims 9213 6100 9213 6049
Switchboard

SGIO Motor Vehicle 9264 2035 9264 7404

St George U/W Switchboard 9317 8400 9317 8499

Wesfarmers Switchboard 9273 5333 9378 2172

VERO Motor Vehicle 1800 222 043
VERO Property 1300 888 073

Zurich Switchboard 9261 1599 9481 4091

Suncorp phone 132524

The Value of Insurance Brokers

2008-05-14T11:08:00.001+08:00

Insurance Brokers

Value of Insurance Brokers
The structure and protection provided by an effective insurance program are essential to business and community life.

Brokers are vital components of the business process. They advise business owners and managers on the best ways to “transfer” the inevitable risks they carry as part of doing business.

The role of the broker is to understand the business, identify all the risks, find the best available cover through a range of insurers, assisting the client in understanding options and represent the client's interests in any negotiation with insurers.

Brokers' services enable businesses to plan ahead with the certainty of knowing they have financial protection against loss, injury or any threat to the well-being of their business.

Brokers also provide invaluable help in the event of a claim. They know and understand the system and can simplify a process that is often time-consuming and technically difficult.

And brokers act in the interests of the client, not the insurer.

The broker's role to serve the client's interests with integrity at all times is enshrined in legislation (the Financial Services Reform Act 2004 and the Corporations Act 2001)as well as the Insurance Brokers Code of Practice.

What is Steadfast ?!?

2008-05-14T11:06:00.000+08:00

Steadfast - Australia's Largest Insurance Broker Cluster Group

Who is Steadfast?

Steadfast Group Limited is an unlisted public company comprising of more than 250 Australian-owned, autonomous insurance brokerages – which operate from 300 plus offices around Australia. Established in 1996, Steadfast is Australia’s largest insurance broker cluster group, generating in excess of $2.5 billion in annual premium turnover.
The purpose of the Group is to provide insurance brokerages with the benefits of big business buying power but still allowing them to provide personalised service.

Why use a Steadfast Broker?
Because you’ll get the personalised service you look for from an autonomous business, together with the expertise and support you’d expect from a large organisation.

Because with the backing of a national management group, Steadfast members have the buying power that gives them access to the majority of the Australian insurance market. In addition, the Group has a number of strategic partners including some of Australia’s largest insurers and premium funders.

Because our extensive network allows member brokers to keep up-to-date with current trends and new insurance markets. Our members collective capabilities, experience and team approach, allow them to assess and offer a wide range of products and services.

Because you’ll benefit from policy wordings that are exclusive to the Steadfast Group, developed in conjunction with the largest insurers in Australia. The acceptance of generic wordings by Australia’s leading underwriters is testament to the respect of our Group by the industry.

Because our strategic partnerships cover all major classes of businesses and various niche products. Our brokers can source quality products from a broad, flexible range. This breadth of choice enables members to locate value-for-money insurance to provide protection to suit each client’s needs.

Because even though our members have access to a number of strategic partners, nothing our members do is compulsory. The business is placed with the best interest of the client in mind.Steadfast has grown to be a respected and recognised leader in broker cluster groups within the industry. It is this recognition that has helped propel Steadfast forward to be the largest broker cluster group in Australia.

Merry Xmas

2007-12-18T10:25:00.000+09:00

Xmas Thankyou from Statewide

2007-12-18T10:22:00.000+09:00

As Xmas approaches and we all wind down a little for the year, we at Statewide would like to thank all our clients, customers and related parties for their ongoing support during the year.

We have greatly enjoyed all our dealings with everyone again this year, and thoroughly appreciate your continued support.

We aren't going anywhere....so feel free to continue the contact....just passing on our Best Wishes To All over the Festive Season....see you in 2008!!

Premium Funding - Pay by the Month

2007-11-15T16:01:00.001+09:00

Premium Funding - Pay by the Month

Pay your Insurance Premium ‘by the month’

Premium Funding

What is it?
Premium Funding allows you to pay your insurance premium ‘by the month’ via direct debits from your nominated bank account.

How does it work?Instead of you paying your yearly insurance premium by cheque in one payment, your premium is paid to the insurance company for you. You then pay monthly instalments over a chosen monthly period.

What are the Benefits?Greater Financial Flexibility
Cash Flow benefits
Frees up working capital
Retain funds in your business to use elsewhere
Tax deductible interest charges
Tailored funding solutions
Simple 1 page application and acceptance
No deposit or security required
Available for all business insurances
Cancellable, if need be
Lowest interest charge available
No ongoing fees applicable

How do I obtain a quote or apply?Contact your account executive. They will supply you with the best market quotation, and have your insurance premium approved as soon as you desire.

Zurich Podcasts now online

2007-11-15T15:51:00.000+09:00

http://www.zurich.com.au/zportal/cs/ContentServer?pagename=GroupSite/Page/ThreeColumn&cid=1180914350996

Try the above link for Zurich's new podcasts on Underinsurance, and Managing Risk in your Business.

Business Interruption Insurance

2007-09-14T12:03:00.000+08:00

What the Business Interruption policy insures

The life blood of a successful business is a healthy cash flow. Products are produced and sold, or services provided; wages and other overheads and expenses paid; profits made. Impede or stop the process, even temporarily and like a plant denied water, or a heart of blood circulation, the business suffers. If the interruption is severe enough it may never recover if there is not sufficient capital to call on during the lack of cash flow.

Business interruption insurance is not a guarantee of prevention and cure of all the calamities that can beset a business, but it is the means of ensuring that the policyholder will have the security of available money to pay ongoing business expenses, retain trained, experienced key employees, recover any additional expenditure on loss mitigation and to receive payment of the net profit which the business would have earned had the interruption not happened. Basically, the Business interruption insurance policy is a true example (or should be) of an indemnity policy.

Therefore, if insurance is not arranged on the basis of insuring ongoing expenses which are those that cannot be avoided (i.e. 'fixed' costs) as they have to be paid whether the business operates at 10% or 100% capacity, plus the future trading net profit the business would have earned during the interruption, then there will not be an appropriate indemnity. If the policy is not properly arranged to suit the needs of the business, it will prove to be inadequate and will not meet the expectation of the insured when it is required to deliver the product purchased.

Why SME's should take out Business Interruption (BI) Insurance

* BI insurance is an essential and important part of any client's insurance program

* BI insurance is more critical to business survival than property or liability insurance protection. Assets insurance alone is inadequate by itself. Financial losses can exceed the value of Material Damage losses. Large financial loss can eventuate from a low value material damage item

* Research of fire losses in Australia shows that 43% of businesses suffering a major fire (not necessarily a total loss) never re-open for business. Despite some form of insurance, 28% fail within 3 years. Only 29% survive.

* Research by ICA revealed that SME's made up 17% of GDP, employed 2,500,000 people, yet 42% had no business interruption insurance. Surprisingly, 17% had no insurance - that is nearly 1 in 6 of SME businesses!

* It is estimated that of those insured, 40% are severely underinsured and 15% significantly underinsured.

* SME's have limited access to financial resources; are likely to be highly geared with directors having given personal guarantees to secure loans making SME's survival vulnerable if not insured adequately.

* Basic concept of BI insurance is simple but arranging cover appropriate to the exposure can be a complex undertaking

* The complexity leads to inadequacies in policy responding to claims

* Problem areas are revealed when a claim arises

Do you have Business Interruption Insurance? Contact us to find out more!!

Steadfast Campus - Insurance Broker Training

2007-09-14T11:55:00.000+08:00

Educational Tools available to your insurance broker...

What is Steadfast Campus ?
Steadfast Campus allows Steadfast Members to easily access and complete insurance product training online, and training in the relevant Codes of Practice.

This facility is exclusive to Steadfast Members and is available online, 24/7 to all Member staff.

Over time, training in all of Steadfast Only Wording Products will be provided to Members.

Upcoming courses on Steadfast Campus in 2007 include Business Pack and Private Marine Insurance. Previous course include Home, Motor, Liability,and other insurance risks.

Statewide Insurance Brokers, as a committed member of the Steadfast Group provides full availability of all training tools to all our staff, and are committed to ongoing professional development.

Emerging Insurance Risks

2007-09-14T11:46:00.000+08:00

Insurance Risks into the Future

Top 10 emerging risks

pandemics,
terrorism,
climate change,
nanotechnology,
electromagnetic fields,
genetically modified organisms,
asbestos,
obesity,
tobacco
mould.

The next 10
occupational disease,
methyl tertiary-butyl ether,
alcoholic drinks,
silica,
welding rods,
critical information infrastructure,
repetitive strain injury,
implants,
diacetyl (a by-product of fermentation)
invasion of privacy.

As presented by Heike Markus, Munich Re Australia’s corporate project manager, ANZIIF’s Sunshine Seminar

.

2007-07-31T15:12:00.000+08:00

Construction Insurance Services

2007-06-20T13:10:00.000+08:00

Construction Insurance Services
A specialist Division of Statewide Insurance Brokers.
Launched June 2007.

Construction Risk Material Damage & Public Liability
This style of insurance is designed to protect your assets and liabilities arising during the course of construction.
The main types of insurance are Annual Blanket and Job Specific.

ANNUAL BLANKET
The annual cover is designed for builders who are building at least 2 or 3 jobs per year, It provides superior coverage to the Job Specific. Its main aspects cover loss or Material Damage to the “Works”.
Having “Product” liability coverage is significant as it treats your work, once finished, as your product and any loss or damage caused by your product is insured whilst you maintain this insurance. Under typical Public Liability insurance there remains significant uncertainty as to whether or not such loss or damage is insured once you have finished the job and left the site.
An estimate of the amount of work planned for the coming 12 months is declared to us at the commencement of the policy period and premium is based upon this. At the end of the year we seek a declaration of the actual work undertaken and determine if a premium adjustment is required. This removes the need for to continually request the addition of new jobs throughout the year.

JOB SPECIFIC

This style of insurance is appropriate for builders who only have one job planned or wish to insure each job separately. It is also appropriate for Owner Builders. “Job Specific” simply means the policy applies in respect of a specific job and does not cover anything else.

WORKERS COMPENSATION
This policy is arranged on an annual estimate but unlike others, you do not have to
keep detailed wages records for your sub – contractors. We simply use a rate on the value of the work you are undertaking.

BUILDERS WARRANTY INSURANCE

We are able to arrange Eligibility with an insurer which best suits your requirements.

WARRANTY CERTIFICATES

The certificate can normally be issued within Twenty – Four (24) to Forty – Eight (48) hours, subject to payment of Premium.
We will assist you with your applications for Eligibility with an insurer when best suits you.

CONTACTS

Builders Warranty
Rea Hema 0416 372 221
Construction & Liability
Dennis Sutton 0408 818 466

Saloncover.com.au Has Arrived!!

2007-05-12T15:16:00.000+08:00

Launched April 2007 by Statewide Insurance Brokers Pty Ltd.

1300 791 601
www.saloncover.com.au

SalonCover.com.au is Australia’s first dedicated Beauty Industry Insurance Provider.
We provide innovative insurance solutions for the beauty industry as a whole, covering:

Hairdressers, Beauty Salons, Beauticians, Barbers, Hair Salons, Day Spas,
Solariums, Home Treatments, Nail Salons, Cosmetic Clinics, Health Retreats,
Tanning Studios and others similar.

As salon and beauty specialists, we have developed insurance products to
specifically suit your industry, ensuring full cover at lowest available pricing.

Hairdressing & Barbering activities
Hair – Blow drying
Hair – Colour implants
Hair – Dyeing
Hair – Perming
Hair – Straightening
Hair – Tinting
Hair – Washing
Hair – Waving
Hairdressing
Hairdrying
Massage – Scalp
Shaving

Beauty Salon – Silver Package
Childminding
Eyebrow Shaping/Plucking
Eyebrow Tinting
Eyelash Tinting
Facials including Paraffin Masque
Full Body Massage
Hair removal – Epilation (non-laser)
Hair removal – Plucking (full body)
Hair removal – Sugaring
Hair removal – Threading
Hair removal – Waxing (full body)
Health/Snack Bar/Café
Massage – Face
Manicure
Nail Treatments
Oxygen Treatment – non-inhalation
Pedicure
Piercing – Ear, Nose, Eyebrow & Navel
Podiatry – Non-surgical Procedures
Skin Analysis
Tanning Lotions applied by hand
Tattoo’s – temporary

Beauty Salon – Gold Package
Aromatherapy
Electrolysis
Flotation Tanks
Lymphatic Drainage
Mud Masks
Oxygen Therapy – inhalation
Saunas
Solariums
Spas
Steam Treatments
Tanning Treatments

Beauty Salon – Platinum Package
Acid Peel
Epidermabrasion
Glycolic Peel
Laser Therapy
Microdermabrasion
Red Vein removal – non-injection
Tattoo’s – permanent cosmetic only

...

2007-04-30T21:06:00.000+08:00

...

Steadfast Conventionn - Brisbane 2007

2007-03-27T14:22:00.000+08:00

Steadfast floods Brisbane – with brokers

AUSTRALIA’S STEADFAST Group almost flooded Queensland’s capital Brisbane with insurance brokers and other delegates for its 9th annual conference last week.

The convention attracted around 1400 delegates – well above 50% of them working insurance brokers and staff, said John Phillips, Steadfast Limited CEO.

Some of Steadfast’s 269 shareholder members had more than a dozen executives and staff at the conference.

“We had 1382 registrations on the Friday morning before opening and then more registrations flowed in over the weekend.

“This was an extremely good convention and a great success judging by the attendances to hear our quality speakers,” he said.

The ‘market place’ worked very well – with some 94 exhibition spaces where sponsors and exhibitors were able to meet with the brokers throughout all the breaks in the convention session.

Steadfast also announced that its 10th annual convention in 2008 will be held in Australia’s “city of churches” – the sobriquet for Adelaide, capital of South Australia.

The Steadfast convention will be held from March 8-11 next year.

Motor Vehicle Accidents - Tips

2007-02-16T11:50:00.000+09:00

Motor Vehicle Accidents - some tips

What should I do if I have an accident?
Record the name, address, licence number and insurer of other drivers involved along with the registration numbers of their vehicles, if possible.
Try to get names and addresses of witnesses.
Notify the police as soon as possible.
If your vehicle is undriveable and you have comprehensive motor vehicle cover, arrange for it to be towed to a place of safe storage.

What should I do if my vehicle is stolen?
Report it to the police. Usually stolen vehicles are recovered within 6 weeks, and sometimes with only minor damage.

Will I have to pay my excess?
You need to contribute your excess if you are responsible for the accident or you cannot provide the name, address and registration number of the responsible party.

Do I need to complete a claim form?
Not always. Many of our insurers have fast claims phone lodgment services - contact us and we will advise.

Will my No Claim Bonus (NCB) be affected?
Your NCB will only be affected if you are responsible for the accident or if you cannot provide the name, address and registration number of the responsible party. In general, we take steps to protect your no claim bonus when ititiating your policy.

What should I do if someone makes a claim against me?
Record the name, address, licence number and insurer of other drivers involved, if possible and the registration numbers of all vehicles involved, if possible.
If the claim is for an accident, try to get names and addresses of witnesses.
Do not make any admissions and do not attempt to settle any claim made against you.
Contact us and we will do all we can to assist you through the claims process.

Insurance Brokers

2007-01-25T10:54:00.000+09:00

Value of Insurance Brokers
The structure and protection provided by an effective insurance program are essential to business and community life.

Brokers are vital components of the business process. They advise business owners and managers on the best ways to “transfer” the inevitable risks they carry as part of doing business.

The role of the broker is to understand the business, identify all the risks, find the best available cover through a range of insurers, assisting the client in understanding options and represent the client's interests in any negotiation with insurers.

Brokers' services enable businesses to plan ahead with the certainty of knowing they have financial protection against loss, injury or any threat to the well-being of their business.

Brokers also provide invaluable help in the event of a claim. They know and understand the system and can simplify a process that is often time-consuming and technically difficult.

And brokers act in the interests of the client, not the insurer.

The broker's role to serve the client's interests with integrity at all times is enshrined in legislation (the Financial Services Reform Act 2004 and the Corporations Act 2001)
as well as the Insurance Brokers Code of Practice.

New Rules for Insurance Brokers

2007-01-25T10:50:00.000+09:00

NEW RULES FOR INSURANCE BROKERS COME INTO EFFECT

Australian insurance brokers are now operating under a radically updated code of practice which is regarded as one of the best in the world.

The Updated Insurance Brokers Code of Practice, came into effect on January 1. It sets out clear principles and guidelines for brokers and affects dealings with both clients and underwriters. It also clearly sets out the responsibilities of brokers.

The new code was designed by NIBA in consultation with members and regulators. It covers all insurance intermediary services including commercial and life policy placement, associated services such as risk management, valuations and premium funding arrangements and issues like remuneration and service expectations.

What has not changed or been updated is the ongoing requirement for brokers to always act in the best interests of their clients.

The code is enforceable through the independent Insurance Brokers Disputes Limited and
Asic has also offered a ringing endorsement and has promised to support the code through its regulatory activities.

Please contact should you require a copy of the code.

Workers Compensation Facts, Figures, Questions

2007-01-25T09:19:00.000+09:00

Workers Compensation Information, Facts, Figures, Questions

Workers’ compensation insurance
Workers Compensation protects you and your business from financial claims when a worker sustains a work related injury or disease. It also provides injured workers with payments to cover loss of earning capacity and reasonable medical and vocational rehabilitation expenses, and assists them to remain in or return to gainful employment. In some circumstances they may also receive specialised retraining or lump sum settlements. Workers are covered while they are working for your trade or business and/or acting under your instructions.

Wages
The term ‘wages’ includes all gross salaries, remuneration, commissions, bonuses, overtime,allowances and the like, directors’ fees and all other benefits (including piece workrates or otherwise, cash or in kind) paid to or in relation to a worker before deduction ofincome tax.

Definition of a worker
The primary definition of a ‘worker’ is very broad. It covers full-time workers on a wage or salary and also part-time, casual and seasonal workers, workers on commission and pieceworkers. Contractors and sub-contractors may also be defined as ’workers’, dependingon the circumstances of their working arrangement.

What about contractors and sub-contractors?
A contractor or sub-contractor may be defined as a ‘worker’ if the followingoccurs: 1. The contractor/sub-contractor is engaged by another person to dowork which is for the purpose of the other person’s trade or business.2. The contractor/sub-contractor is paid in substance for his/her personalmanual labour or services.

Should I cover working directors?
A working director means a director of the company who executes work for or onbehalf of the company, and whose earnings as a director of the company, by whatevermeans, are in substance for personal manual labour or services.It is optional for a working director’s company to cover their directors for workers’compensation.

Should I cover family members?
Where family members are employed by you (or contracted to you) and live in thefamily home, it is optional whether you cover them for workers’ compensation. Ifcover is required, family members must meet the definition of a ‘worker’ underthe Act and their name and the work they do needs to be disclosed on thepolicy, together with an estimation of their wages/salary.

Have an injury management system in place before an injury occurs
An injury management system describes the steps that an employer will take whena workplace injury occurs. It ensures that the employer is able to commence injurymanagement quickly and properly, so that injured workers can remain at work or returnto work at the earliest appropriate time.
The injury management system should be described in writing and you should makea copy of the document available to any of your workers who request it.Depending on the characteristics of the business and the resources available, a fairlysimple process will be sufficient in most cases. Be prepared and know whatto do.

Did You Know?
The major cost component of workers’ compensation claims is loss of wages.Reducing the time off work following an injury will save you money.You and/or your company may be liable if you do not provide safe working conditions for your employees.
You must have workers’ compensation insurance for all your employees.

Merry Xmas

2006-12-18T21:39:00.000+09:00

Xmas Thankyou From Statewide

2006-12-18T21:17:00.000+09:00

As Xmas approaches and we all wind down a little for the year, we at Statewide would like to thank all our clients, customers and related parties for their ongoing support during the year.

We have greatly enjoyed all our dealings with everyone again this year, and thoroughly appreciate your continued support.

We aren't going anywhere....so feel free to continue the contact....just passing on our Best Wishes To All over the Festive Season....see you in 2007!!

SalonCover.com.au - Coming Soon

2006-12-06T17:48:00.000+09:00

Launching January 07....
A new and exciting specialist insurance division of Statewide Insurance Brokers...

Welcome to SalonCover.com.au
Saloncover.com.au is Australia’s first dedicated Beauty Industry Insurance Provider. We provide innovative insurance solutions for the beauty industry as a whole – covering Beauty Salons, Beauticians, Hair Salons, Hairdressers, Barbers, Day Spas, Home Salons, Nail Salons, Cosmetic Clinics, Solariums, Health Retreats, and similar beauty related occupations.

Best cover, Best premiums, Best Service.

A MUST for any hairdresser or beauty related business.

Stay tuned for updates...

Statewide Images

2006-12-06T17:46:00.000+09:00

Statewide Images

2006-12-06T17:43:00.000+09:00

UnderInsurance

2006-11-17T13:38:00.000+08:00

Under-Insurance

Certain Cover Sections - Fire, Business Interruption, Commercial Motor, Engineering Plant and Electronic Equipment, contain Under Insurance / Average clauses that may limit the amount that paid when You have a claim. This will only happen if You understate a Sum Insured or Declared Value.

Example
You insure Your Building for a Sum Insured Value of $70,000.
Your Building is damaged in a fire.
The cost of repairs to Your Building is $30,000.
The value of Your Building at the time of the accident was $100,000.
Under-Insurance is applied on the value of Your Buildings that is less than 80% of the true value.

Claim payment =

$70,000

______________ x $30,000

$100,000 x 80%

= $26,250

In this example claim paid would be $26,250 for the cost of repairs to Your Building.
Please note sums insured on buildings/replacement costs carefully. Much evidence to suggest building costs have risen at a miniumum of 30% over past year 2005/06.

Please contact your broker for further information on Sums Insured and Underinsurance.

Privacy Policy

2006-11-17T13:32:00.000+08:00

Read our Privacy Policy in full.....

PRIVACY POLICY

Our Privacy Policy

We, Statewide Insurance Brokers Pty Ltd, ABN 87 008 743 2801, are bound by the Federal Privacy Act and its National Privacy Principles (NPPs), which set out standards for the collection, use, disclosure and handling of personal information.

Our Privacy Policy applies to any personal information we collect, use or disclose after 21 December 2001. It does not apply to our employee records.

How and why we collect personal information

We collect personal information either directly from the relevant individuals or indirectly from third parties. The personal information we collect, is only made available to those Officers of Statewide or Third Parties as is required to provide our services, which include Insurance Broking and Claims Management.

Information collected may include for example: identifying information such as Name and Contact information including telephone and facsimile numbers and email address, information relating to the operation of a client’s business, and reference information. This information may be collected in a number of ways, for example: via telephone, in writing or via email.

How we use and disclose personal information

We do not use or disclose personal information for any purpose that is unrelated to our services and that you would not reasonably expect (except with your consent).

We have a duty to maintain the confidentiality of our client’s affairs, including personal information. Our duty or confidentiality applies except where disclosure of your personal information is with your consent or compelled by law.

We usually disclose personal information to third parties who assist us or are involved in the provision of our services. e.g. In arranging and managing your insurance needs we may provide information to insurers, reinsurers, other insurance intermediaries, insurance reference bureaus, our advisers such as loss adjusters, lawyers and accountants, and others involved in the claims handling process. We also provide it to purchasers of our business and related companies. We take reasonable steps to ensure that your personal information is accurate, complete and up-to-date whenever we collect or use or disclose it.

If the required personal information is not provided, we or any involved third parties may not be able to provide appropriate services.

What we expect of you and third parties we deal with

When you provide us with personal information about other individuals, we rely on you to have made them aware that you will or may provide their information to us, the purposes we use it for, the types of third parties we disclose it to and how they can access it (as described in this document). If it is personal information, we rely on you to have obtained their consent to the above.

If you have not done either of these things, you must tell us before you provide the relevant information.

If we give you personal information, you and your representatives must only use it for the purposes we agreed to.

Where relevant, you must meet the requirements of the National Privacy Principles set out in the Privacy Act 1988, when collecting, using, disclosing and handling personal information on our behalf. You must also ensure that your agents, employees and contractors meet these above requirements.

Security of your personal information

We endeavour to protect any personal information that we hold from misuse and loss, and to protect it from unauthorised access, modification and disclosure.

Transfer of information overseas

We may transfer your personal information overseas where it is necessary to provide our service. For example, we sometimes use the internet to collect and process information. In addition, some insurers or reinsurers are based overseas and we need to provide your personal information to them to arrange your cover. In most cases, we only do this with your consent.

Opting out

If we send you any information about services or a products, or you do not want us to disclose your personal information to any other organisation (including related bodies corporate) you can opt out by contacting us.

How to contact us

If you wish to gain access to your personal information, or you want us to correct or update it, or you have a complaint about a breach of your privacy, or any other query relating to our Privacy Policy, contact our Privacy Officer during business hours on:
Telephone: (08) 9474 4344
Fax: (08) 9474 2080

Or write to us at:
Statewide Insurance Brokers Pty Ltd
U4/ 78 Mill Point Road
PO Box 240
SOUTH PERTH WA 6951

For further information on Privacy visit: http://www.privacy.gov.au/act

Life Insurance, Income Protection, Superannuation

2006-11-03T13:36:00.000+08:00

Life Insurance
Income Protection
Superannuation

Why might i need personal protection?
If you are a business owner, self employed, a contractor, married with children, or have a mortgage or other large debts, then perhaps you should consider some form of life insurance or income protection cover.

What am I covered for?
Life Insurance covers your life and pays a lump sum on your death or diagnosis of a terminal illness. It may allow your family to repay your debts, including mortgage and business loans, provide an adequate income for your family, protect your business if a key person dies, or create a cash injection into your estate to prevent assets being sold.

Trauma Insurance may help protect your lifestyle by providing you with a lump sum payment on the occurrence of specific injuries and illnesses, such as a heart attack, cancer, or a stroke. It can pay for medical costs, provide for potential care and support, repay large debts and provide for lifestyle changes.

Income Protection Insurance can provide a monthly payment to you if you are unable to work due to sickness or injury. You are provided an income for the period you are unable to work due to your disability. Particularly beneficial to the self employed or business key persons.

Other Products available: Superannuation, Business Expenses Insurance.

How do I obtain a quote or apply?
Contact your account executive. Statewide Insurance Brokers, through Statewide Financial Group, has access to the full range of personal wealth protection options available on the market.

Premium Funding - Pay by the Month

2006-11-03T13:32:00.000+08:00

Pay your Insurance Premium ‘by the month’
Premium Funding

What is it?
Premium Funding allows you to pay your insurance premium ‘by the month’ via direct debits from your nominated bank account.

How does it work?
Instead of you paying your yearly insurance premium by cheque in one payment, your premium is paid to the insurance company for you. You then pay monthly instalments over a chosen monthly period.

What are the Benefits?
Greater Financial Flexibility
Cash Flow benefits
Frees up working capital
Retain funds in your business to use elsewhere
Tax deductible interest charges
Tailored funding solutions
Simple 1 page application and acceptance
No deposit or security required
Available for all business insurances
Cancellable, if need be
Lowest interest charge available
No ongoing fees applicable

How do I obtain a quote or apply?
Contact your account executive. They will supply you with the best market quotation, and have your insurance premium approved as soon as you desire.

EPL - Part 2 - Claims

2006-11-03T13:27:00.000+08:00

Employment Practices Liability and Claims

Types of claims
The two main avenues of claims are unfair dismissal and discrimination.

Unfair dismissal is defined as incorrect procedures in dismissing an employee.

Claims are usually brought:
in the industrial Relations Commission (State) - capped benefits
in the Australian Industrail Relations Commission (Federal) - capped benefits
under common law - unlimited
The average award for compensation is 6-8 weeks' wages i.e. $10,500 (legal costs are additional).

Termination of employment complaints lodged in the Australian Industrial Relations Commission for the period 1/7/97 to 30/6/98 (Federal claims only): Total 8.092

Claims Examples
Insured / Facts /Covered

Charitable organisation
An employee who was legally blind alleged she was discriminated against as her duties were limited so that she was unable to supervise children
Defence costs and settlement of over $60,000

Manufacturer
The insured hired an experienced financial controller to manage the company's finances. After 6 months it was clear the new employee was not performing as required. The company and employee agreed to part ways but a dispute arose over entitlements to period of notice. The company was subject to demands that settled after contribution from insurer.
Defence costs and settlement of over $20,000

Nursing home
A former employee who performed cleaning duties alleged she was discriminated against on the basis of race. She claimed she was treated differently to her fellow employees and was given menial duties.
Costs of successfully defending of approximately $10,000

Technology
A female manager who was retrenched alleged both wrongful termination and discrimination, claiming the managers who were retained after a restructure were predominantly male and less capable than herself
Defence costs and settlement of over $150,000

Transport/logistics
An employee who was subject to adverse performance reviews resigned. A month later he brought action against the company alleging wrongful termination. He alleged he was constructively terminated and was co-erced into resigning.
Substantial defence costs

Employment Practices Liability

2006-11-03T13:20:00.000+08:00

Employment Practices Liability

What does it do?
Employment practice liability insurance protects both a company and its employees when they become legally liable to pay claims made by employees or any applicant for employment.

Why do you need it?
Due to complex legislation surrounding employment related issues, employers are finding themselves being sued by employees for issues such as unfair dismissal/termination, sexual harassment and discrimination.
This is evidenced in 1999 when Recruitment Solutions conducted a survey of 1,000 medium-sized businesses regarding unfair dismissal issues. It was found that one in three companies had been hit with an unfair dismissal claim in the past 12 months. The highest incidences were in Sydney being 36 per cent, followed by Melbourne with 32 per cent.
This report is in line with The Department of Workplace Relations' "Changes at Work" survey which reported that 1 in 6 workplaces experienced a sexual harassment complaint and 1 in 17 a racial harassment complaint.

Who is covered?
The insured refers to two distinct parties:
Insured entity - the company and its subsidiaries as specified in the scheduleInsured person - a past, present or future natural person; i.e., director, secretary, executive officer or employee (other than deemed employees)

What is covered?
Expenses generally covered by employment practice liability insurance include:
damages
compensation
interest and costs
defence Costs
backpay arising from an order of reinstatement

Some definitions:
wrongful act - claims made by employees, contract workers, temporary workers or any applicant for employment for wrongful refusal to employ, wrongful failure to promote, wrongful demotion, wrongful termination, sexual harassment, unlawful discrimination, oral or written libel/slander or violation of privacy.

claims made - Insured becomes aware of a circumstance, and is notified to the Insurer during the policy period

territorial and jurisdictional - worldwide excluding USA/Canada; i.e., a wrongful act committed anywhere in the world excluding USA/Canada and action brought anywhere in the world excluding USA/Canada

wording interpretation - in the event of any dispute arising from policy interpretation, laws of the Commonwealth of Australia and the relevant state will govern this policy

Key elements in underwriting
Underwriting information is detailed in the proposal form as part of the full wording of the policy. Specifics addressed include:
HR procedures
number of employees
staff turnover rate
employer Initiated Terminations - redundancies/closures
salary range of employees
industry/occupation
length of time in business
claims history

Please contact us with any further details....

Why use an Insurance Broker ?

2006-10-17T19:45:00.000+08:00

An insurance broker can save you time, money and worry. Just like an accountant or lawyer who provides you with professional advice based on years of training and experience, a qualified broker can do the same with your insurance.

When arranging insurance, many people take shortcuts without seeking proper advice, understanding the fine print or considering whether they are getting value for money. Often they end up with cover they don't need and - even worse - without the cover they really do need.

Whether it's home, car, life or business insurance, brokers provide advice and assistance to make sure you are properly protected.

Brokers have access to lots of different policies because they deal with a wide range of insurance companies and sometimes other types of underwriters as well. A broker will be aware of the benefits, exclusions and costs of competing policies on the market. They will also help arrange and place the cover and can often provide advice on how to make the most of your insurance budget.

Using a broker doesn't necessarily cost more. Often it costs less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf. A broker will also explain your policy and any special situations you need to watch out for. Furthermore, a broker is obliged to advise you of fees charged for services provided to you.

Many brokers employ Qualified Practising Insurance Brokers (QPIBs) who undertake continuing professional education. This ensures they are up to date with industry trends and changes so they can provide you, the insurance buyer, with quality advice.

Statewide Images

2006-10-17T19:38:00.000+08:00

2006-10-17T19:36:00.000+08:00

Statewide Images

2006-10-17T19:33:00.000+08:00

D&O Liability - Part 2 - Claims & Underwriting

2006-10-03T16:24:00.000+08:00

D&O Liability Insurance

Where do claims originate?
internal - company itself, shareholders and/or employees
external - customers, competitors and/or creditors
regulatory authorities - ACCC (TPA), Australian Taxation Office (GST), OH&S, Environmental Protection Agency, Crimes Act, ASIC

Historical claims information
Shareholders
Employees
Competitors
Customers
Government
Others
Source: 1996 Watson Wyatt D&O liability survey

Claims in Australia
· contracting parties
· employees
· breach of duties to company/shareholders
· Trade Practices Act
· breach of duties to third parties
· takeovers
· regulators

Underwriting D&O...
Key elements in underwriting:
-type of company - private company (Pty Limited) public (Ltd), publicly listed (ASX),
statutory authority
-length of time in business - must be more than two years
-size of assets
-financial performance reviewing balance sheet, profit and loss and cash flow
-occupation
-claims

Underwriting information required
-consolidated annual report including accountant's and director's statements (preferably audited otherwise prepared by an accountant)
-proposal form

Directors & Officers Liability

2006-10-03T16:18:00.000+08:00

Directors & Officers Liability Insurance

D&O insurance protects the individual director/officer against legal costs and possible damages in defending allegations of Wrongful Acts in their capacity as a Director or Officer in the management of a company.

A Wrongful Act is usually defined as an error, mis-statement, misleading statement, conduct, omission, neglect or breach of duty.

Why do you need it?
Specific duties and responsibilities are imposed on directors as to the conduct in which they run a business. The responsibilities are imposed under contract conditions, common law and statutory legislation and in most circumstances, the individual director or officer will be held personally liable.

Duties of a director include:
-manage the company
-pay the company's expenses
-borrow money on the company's behalf and secure the repayment of that money
-act honestly
-be reasonable careful and diligent
-use information acquired through your office for the company's benefit
-use your position for the company's benefit
-disclose any interest in any contracts with the company
-state whether or not the company's profit and loss account and balance sheet give a true and fair view of the company's position
-report on and review the results of the company's operations during the relevant accounting period and any significant changes in the company's affairs during that period
-prevent the company from trading while it is insolvent
-disclose any errors or matters warranting disclosure in a prospectus
-take care to see that the company does not breach the provisions of the Trade Practices Act or Fair Trading Act; anti-discrimination legislation; occupational health & safety legislation; environmental legislation and legislation that relates to the specific industry or industries in which the company trades.
What constitutes a director or officer?
To be afforded the title of director, you occupy or act in such a position of the company regardless of how you or the company describe the position and whether or not you were validly appointed or authorised. Additionally, the company's management are accustomed to act in accordance with your directions or instructions.An officer can generally include company secretaries, executive officers and employees.

Who is covered?
Directors & Officers liability insurance covers the decisions made by people involved in managing and running an organisation. It is important to note that it covers the individuals not the company.
The people generally covered include:
past, present & future natural persons
a director, secretary or executive officer
an employee
a natural person as deemed by legislation
Coverage and/or reimbursement of costs is only available where the company has indemnified the individual/s.

What is covered?

damages
compensation
interest and costs
defence costs

Contact us for further information regarding D&O Insurance...

2006-10-03T14:24:00.000+08:00

Chubb Insurance - Prestige Home Insurance

2006-10-03T14:12:00.000+08:00

Chubb Insurance are market leaders in Prestige and High Value Home Insurance.

Please contact us at Statewide and we can advise and arrange on your specialty prestige home insurance needs.....

Some Chubb Benefits

Unsurpassed in coverage
Masterpiece offers much more than the typical householders insurance
policy. It not only provides unrivalled cover for valuable property, but
automatically includes a broad variety of personal insurance as well,
reducing the liabilities you face in everyday living.

Extended replacement cost coverage
This provides cover for the full cost to rebuild your house after a
covered loss. Therefore, if the costs exceed what your insurance covers,
we will pay the full amount. So it safeguards you from the chance of
under-insuring your home.

Replacement cost on contents
From clothing, carpets, linen and rare or antique items, Masterpiece
covers the full cost of replacing your contents after a covered loss, up
to your insured limit. And we won’t depreciate their value.

Cash settlement option
No matter what you lose or damage, Chubb won’t require you to
replace them. If it suits you better, you can choose to take cash up to
their insured value.

Additional living expenses cover
If you can’t live in your home due to a covered loss, Chubb will pay the
reasonable costs for your additional living expenses for up to 12 months
while your home is being rebuilt.

Personal liability cover
Masterpiece provides you and your family with personal liability cover
for a variety of circumstances where you are legally responsible. For
instance, if you lose your credit card or if a guest incurs an injury at
your home and takes legal action against you.

Worldwide cover
No matter where you go, with Masterpiece you have worldwide
coverage for the contents of your home, your personal property as well
as personal liability.

Identity fraud cover
Someone stealing from your bank or credit card accounts, taking out
loans or refinancing mortgages under your name are examples of one
of the fastest growing white-collar crimes in Australia.

Kidnap expense cover
The broadness of Masterpiece’s cover is accentuated by the fact it even
provides cover for expenses as a result of kidnap and ransom.

Expertise in valuing homes
Most insurance companies do not see the homes they insure until after
a loss occurs. As a specialist insurer of fine homes, we believe you need
to understand the true value of a home before you can offer insurance.
During a visit, we will carefully document the architectural details and
unique features of your home and determine the true value to rebuild
it. That way if you do suffer a loss, there’s no reason why we can’t
restore it as close as possible to its original condition.

Exceptional cover for valuables
It’s not uncommon for the valuable collections within a home to be
worth more than the house itself. So if you have expensive assets that
you would like to provide the ultimate protection for, we can offer even
greater cover with our Masterpiece Valuable Articles coverage.
Under Masterpiece Valuable Articles cover, you can itemise each article
and determine up front the value of each item to be listed.

Masterpiece Valuable Articles coverage also insures your possessions
wherever you go in the world. If you damage an item, you can choose
to repair or replace the item with your preferred supplier. And if
its market value suffers as a result of the damage then we’ll even
reimburse you for that amount. Or if it suits you better you can simply
take cash for a covered loss instead. The choice is yours.

Insurance Comparison Service - Domestic Insurance

2006-10-03T14:02:00.000+08:00

Statewide's new Insurance Comparison Service has been launched, enabling full insurance comparisons and quotations across Home and Motor Insurance.

What do I Receive ?

Written Premium Quotation Sheet - up to 6 Insurers
Includes Premium Prices, Features Summary, Quick Comparison against each Insurer.

Policy Comparison Summary Sheet
Includes Your Current Policy, compared against quoted policies.
Side by side quick comparison of all policy sections.

Summary Recommendation Report
Includes Premium analysis, Cover analysis, Claims service advice, Our recommendations.

All at no charge and with full broker support services included.

How can i make use of this service?
Existing clients, Domestic or Business, should simply enquire with your regular account executive.
New clients...contact us and we will be happy to discuss further and avail you of our full comparison service, at no charge.

Tsunami's & Insurance

2006-09-25T19:21:00.000+08:00

http://www.aees.org.au/Proceedings/2005_Papers/05_Walker.pdf#search=%22tsunami%20insurance%22

Avian Flu, part 2

2006-09-25T19:12:00.000+08:00

http://www.abc.net.au/insidebusiness/content/2006/s1621879.htm

Discussion from the ABC and Marsh Ltd...

Avian Flu & Insurance

2006-09-25T19:08:00.000+08:00

http://www.marsh.com.au/pdf/Avian%20Flu%20Update%20FINAL.pdf#search=%22avian%20flu%20insurance%22

Report by Marsh Ltd, Avian Flu and insurance impacts...
Stay tuned for updates....

Lloyds Reports- Taking Risk on Board

2006-09-25T19:04:00.000+08:00

http://www.lloyds.com/NR/rdonlyres/48FC5495-1313-4616-AD83-AA2C1BA5C952/0/Takingriskonboard.pdf

Lloyds Market Newsletter

2006-09-25T19:01:00.000+08:00

http://www.lloyds.com/market/issue3-2006-en/lloydsMarket_2006_03_en.pdf

Issue 3, 2006

2006-09-08T14:46:00.000+08:00

Professional Indemnity Insurance

2006-09-08T14:44:00.000+08:00

CGU Professional Indemnity Information

Extent of Cover

Includes Breach of duty of confidentiality.

We cover both libel or slander by the insured, employees and
principals.

We cover documents owned by a third party in the physical
custody or control of the insured at the time of loss or damage.
We do not cover the employee or principal for these claims.

We cover the unintentional breach by the insured of any
patent, copyright, design or trademark.
We do not cover criminal liability.

We cover the legal costs and expenses of investigating,
defending or settling any claim which would be covered by
the policy.

We cover the legal costs and expenses for the insured’s
representation at any enquiry or hearing of a disciplinary
nature held before a legally constituted body, or for a coronial
enquiry.

We provide cover for known circumstances arising prior to the
period of insurance, as long as the insured was continuously
insured with us and was insured with us at the time he/she
became aware that a claim may be made, and in the normal
course, this claim would have been covered under both policies.

We cover the insured’s individual liability and, if informed
about the joint venture and we agree, we will cover both the
insured’s individual and joint liability.

We cover a claim or anything giving rise to a claim that arises
from anything done anywhere in the world.
■ Civil liability claims arising from the conduct
of the insured’s professional business practice
(Clause 3.2).
■ Breach of Duty (Clause 3.2(a)).
■ Defamation (Clause 3.2(b)).
■ Loss of or damage to documents (Clause 3.2(c)).
■ Dishonest, fraudulent, criminal or malicious acts by
an employee or principal of the insured (Clause 3.2(d)).
■ Infringement of any patent, copyright, design or
trademark (Clause 3.2(e)).
■ Trade Practices Act and Fair Trading Acts
(Clause 3.2(f)).
■ Claim investigation costs (Clause 3.4).
■ Cost of disciplinary proceedings or enquiries
(optional) (sub-Limit) (Clause 3.5).
■ Continuous cover (Clause 3.6).
■ Joint venture liabilities (Clause 4.4).
■ One automatic reinstatement of sum insured
(Clause 5.2).
■ Worldwide territorial (Clause 10.7).

For any professional indemnity matter, please ask us at Statewide.....

News - QBE Purpl Product

2006-09-08T14:26:00.000+08:00

QBE launches PURPL, Australia’s first integrated product providing
Public Liability, Product Liability & Financial Loss Cover

QBE Insurance Australia has launched PURPL, a new packaged insurance product that provides public liability, product liability and financial loss cover to help protect businesses from a wider range of risks. QBE’s PURPL (Packaged Underwritten Risk and Professional Liability) product integrates six types of liability insurance into one policy to provide businesses with affordable, comprehensive cover:
1. Public Liability
2. Product Liability
3. Advertising Liability
4. Professional Services
5. Directors & Officers Liability
6. Employment Practices Liability.

“PURPL was developed in response to the changing business environment in which
companies face increasing risks and compliance demands,” said Michael Scala,
General Manager – Intermediary Distribution, QBE Insurance Australia. “In particular,
small to medium-sized businesses (SMBs) need to protect themselves against
potentially expensive liability claims that can impact their financial health and reputation
significantly.”

PURPL is ideally suited to businesses that provide consulting or design services along
with their product sales; for example, companies in the retail, wholesale or
manufacturing industries. These companies may not be aware that their existing
liability insurance may not cover their designs or advice, leaving them exposed to
potential claims. For instance, a hardware store that provides advice on how to erect a
shed that it sold could face a claim if the customer follows that advice and the shed
collapses because it was erected incorrectly.

As all six types of liability cover are provided in one policy from one insurer, a PURPL
policy is quick and easy to purchase and maintain since there is one quote, one
application, one premium, one renewal and one claims process. This makes PURPL
more affordable and attractive for SMBs than purchasing each type of liability cover
separately.

More information about
PURPL can be found on the website: http://www.qbe.com/australia/prolib/purpl.html
Ends

** Please contact Statewide for further information, or to see if your business suits the Purpl product.

News - Stardex Launched

2006-09-08T14:20:00.000+08:00

media report from Stardex:

New group brand launches with flash and panache
Australia’s largest, most diverse, specialist underwriting
agency group, Stardex Insurance Group Holdings Pty Ltd,
has been officially launched.

Stardex Insurance Group is Australia’s largest, most
diverse, privately owned specialist underwriting agency
group. It combines six underwriting agencies, Dexta
Corporation Pty Ltd, MB Insurance Group Pty Ltd,
Agricola Underwriting Management Pty Ltd, Pacific
Underwriting Pty Ltd, Macquarie Underwriting Pty Ltd,
and SLE Worldwide Australia Pty Ltd.

Mr Lee said all the Stardex companies were
specialists in their respective niche markets.
The group offered innovation, diversification
and interdependence. “Stardex will be a strong force in the
underwriting agencies market, delivering
high-quality products. Our governing values are
driven by commitment to customers, insurers,
reinsurers, shareholders and employees.
“As a combined group, we encourage new ideas,
embrace change and adhere to principles of
fairness, integrity and equal opportunity.”

Terrorism & Insurance

2006-09-08T13:56:00.000+08:00

The Terrorism Insurance Act 2003

What does the legislation do?
The Terrorism Insurance Act 2003 establishes a scheme for replacement terrorism insurance coverage for commercial property and business interruption.
The legislation overrides terrorism exclusion clauses in eligible insurance contracts. Eligible insurance contracts have a starting point definition of insurance for loss of or damage to eligible property located in Australia, and associated business interruption and public liability cover. Eligible property is defined as buildings or other structures or works on, in or under land, or tangible property that is located in or on that property. **Commercial, not residential**

When does the scheme commence?
The scheme will commence on 1 July 2003.
Why has it been introduced?
The scheme is in response to calls for government intervention in an area of clear market failure as cover for terrorism insurance was withdrawn progressively by insurance and reinsurance companies in the aftermath of the terrorist attacks in the United States on 11 September 2001. Where cover has still been made available since that time, premiums have been at levels that exceed perceived cost of risk with large excesses and low maximum coverage.
Lack of terrorism insurance creates uncertainty for commercial property investors, lessees and financiers alike.

Coverage
The scheme covers insurance for loss of or damage to commercial property that is owned by the insured, insurance for business interruption arising from loss of or damage to or inability to use eligible property, and insurance for liability of the insured arising from ownership or occupation of eligible property.

Private residential property is not included in the scheme.
Risk cover is for any declared terrorist incident, except events involving damage from nuclear causes . Coverage will be available for Commonwealth and State business enterprises as well as Commonwealth-owned airports leased commercially. Farms will benefit from cover for terrorism risk if they hold insurance against business interruption.
The Regulations also exclude certain other types of insurance coverage, including: marine insurance, aviation insurance, motor vehicle insurance, life insurance, health insurance, private mortgage insurance, medical indemnity insurance, and professional indemnity insurance.

(as taken from Australian Reinsurance Pool Commission.)
For complete information on terrorism and how it relates to Insurance, pls refer to full summary at http://www.arpc.treasury.gov.au/content/faqs.asp?NavID=5#q6

Statewide Images

2006-09-04T19:51:00.000+08:00

Statewide Images

2006-09-04T19:47:00.000+08:00

Insuring your Home & Contents

2006-09-04T19:44:00.000+08:00

http://app01.ica.com.au/help/ICA_Home_Contents.PDF

Please read the ICA guide on how to correctly insure your Home and Contents....
includes Calculators......

Cyclone Larry Claims Settled

2006-09-04T16:44:00.000+08:00

Insurance Council of Australia - Media Release
As reported on www.ica.com.au

Almost half of cyclone Larry insurance claims settled

Date: 31/07/2006
Goto PDF Version
Region: National
Category: Cyclone

Almost half the home building claims made in relation to Cyclone Larry have been settled the Insurance Council of Australia said today."While the process of lodging a claim, having it assessed and gaining approval for building and repair work inevitably takes time, insurers are giving high priority to expediting the process", Insurance Council of Australia Chief Executive Kerrie Kelly said today."In addition to the large number of claims which have been settled, repair work has been authorised on 70 percent of the remaining houses for which claims have been made. This represents a 36 percent increase since June."The insurance industry is working closely with the Cyclone Larry Operation Recovery Taskforce to help rebuild the homes and lives of those affected as quickly as possible."Insurers are also meeting regularly with the Queensland Government's Building Coordination Centre, based in Innisfail, to identify and resolve issues."This includes taking action to waterproof all homes before the next wet season and to prioritise, where possible, those homes in need of re-roofing."Insurers will continue to work with people in the cyclone-affected areas to ensure that outstanding claims are finalised as quickly as possible", Ms Kelly added.Customers affected by Cyclone Larry who have insurance-related questions should, in the first instance, contact their insurer, broker, assessor or, if necessary the local representative of the Insurance Ombudsman Service (IOS) (Vince Wass 0412 989303) or the IOS head office (1300780808). More Information:
Catherine Byrne
02 9253 5160
0402 152 585

End release.

APRA Insight Insurance Statistics

2006-09-04T16:35:00.000+08:00

http://www.apra.gov.au/Insight/Home.cfm

Claims Made Wordings

2006-09-01T11:53:00.000+08:00

What on earth is a Claims Made Wording ???

A term used in liability, professional indemnity and or directors and officers insurance policies.
It refers to the policy condition under which the policy will respond to provide indemnity for a claim.
In Explanation: Claims may arise many years after the occurrence of an event. This creates problems for insurers both in terms of rating adequacy and claims reserving. These problems gave rise to the development of “claims made” wordings.
A claims made policy wording requires the claim to be notified to the insurer during the period of insurance, even though the event giving rise to the claim may have occcurred before the inception of the insurance policy.
At the time of taking out the insurance, the prospective insured makes any necessary enquiries to enable them to make a declaration to the insurer, that at the time of policy inception, they are not aware of any present claims, pending claims or incidents which have previously occurred which may give rise to a future claim. Once the insurer is satisfied with insured's declaration, a policy is issued which will indemnify the insured for claims notified during the period of insurance. If an incident occurs during the period of insurance but is not advised to the insured and or the insurer before the expiry of the policy, such event does not find indemnity under the scope of cover of a "Claims Made" policy. If the claim was advised and lodged in a subsequent period, the claim would be made against the policy in force at that time. This type of policy is generally not renewed, but rather replaced each year with a new policy.

For further discussion or advice on claims made and professional advice....pls contact and we can happily arrange.

Certificates of Currency

2006-09-01T11:49:00.000+08:00

Certificate of Insurance or Certificate of Currency (C of C)

C of C is simply confirmation that an Insurance contract is current and in force.
It is a written document evidencing that an insurance contract is in force.
Brief details such as the name of the insurer and the insured and any interested parties, the effective dates of the insurance as well as a description of the items being insured and the level of cover provided. A C of C may or may not declared the premium for insuring the item/s noted.
Often required by your financier, or those employing your business services.

If you require one, please ask and we will supply you.

Statewide Images - "the valley"

2006-08-21T22:17:00.000+08:00

Statewide Images - East Perth Inlet

2006-08-21T22:14:00.000+08:00

Business Claim Form

2006-08-21T22:07:00.000+08:00

You can find a business insurance claim form here: http://www.statewideib.net.au/pdfs/claim/business-pack.pdf

All claim forms are available on our website.......www.swib.com.au.......and claims procedures are detailed for your viewing

Statewide FSG - Financial Services Guide

2006-08-21T22:05:00.000+08:00

You can find our FSG here: http://www.statewideib.net.au/pdfs/fsg-latest.pdf

Please take the time to read our FSG and find out a little more about how Statewide operates.

Steadfast FSG

2006-08-21T22:01:00.000+08:00

Steadfast Financial Services Guide

FSG can be found at this link:
http://www.steadfast.com.au/resource/FSG_100304.pdf

Why Use an Insurance Broker ??

2006-08-21T21:55:00.000+08:00

Why Use An Insurance Broker?
why not go it alone?!?

Benefits of a broker:

FLEXIBILITY
As you’d expect when you consult an insurance company, they endeavour to meet your needs from the specific products and services they have to offer. Inevitably this makes them less flexible. They’d like your business and they certainly don’t want you to shop around.
VALUE
However, "shopping around" is exactly what a good broker will do, looking for the cover that’s ideally suited to your needs. Brokers make it their business to know what all the major insurance companies can provide and where to get the best value for their clients. Quite simply, an insurance broker can save you time, worry and money.
SECURITY
People often take shortcuts with insurance, failing to understand the fine print or weigh up the many factors that go into making the best deal. All too often they’re disappointed when, down the track, their insurance doesn’t "come to the rescue" in the way they’d hoped.
OBJECTIVITY
Brokers provide objective, professional advice based on years of training and experience. They have a comprehensive, current knowledge of the insurance market. As a result, they can locate and negotiate the most competitive premiums on your behalf.

Professional Indemnity Insurance

2006-08-17T15:51:00.000+08:00

What is Professional Indemnity Insurance?

Professional indemnity insurance covers liability for claims arising from a breach of professional duty by reason of any negligent act, error or omission committed on the part of any person employed in the conduct of the business activities.

A feature of virtually all professional indemnity insurances is that the policy is written on a "claims made", rather than an "occurrence" basis. This means that any event or circumstance that may give rise to a claim being made at some time in the future is to be reported to the insurer at the time the event or circumstance is identified. If the notification is made to the insurer during a subsequent insurance period, the insurer may not accept liability in the event the broker has been held liable for the loss or damage.

Why is professional indemnity insurance essential?
The policy is intended to provide a recourse and protection for the consumer in the event of wrongdoing in providing advice and arranging services for clients. Compliance with the policy terms and conditions, particularly relating to the notification and management of potential claim circumstances, is an essential feature of the policy to provide you with the intended cover.
What is the value of professional indemnity insurance?
In the event a client commences an action against the policyholder for negligence, generally the professional indemnity insurer will assume responsibility and manage the claim. This may involve the appointment of legal representation to review the circumstances and documents relating to the broker’s dealings with the client. The insurer will decide its position after examining all of the facts and the evidence provided.
If the insurer accepts that the insured has committed a negligent act and the client suffered a loss as a result, the insurer will settle the claim with the client in behalf of the insured.

General Advice Warning

2006-07-18T11:37:00.000+08:00

General Advice Warning

Any information on this blog and our website may be regarded as general advice only. Your personal objectives, needs or financial situations were not taken into account when preparing this information. You should consider the appropriateness of any general advice, having regard to your own objectives, financial situation and needs, before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.
in simple terms...ask us first...each insurance situation is different!

Public Liability

2006-07-18T11:19:00.000+08:00

What exactly is it and what does it cover?

Cover
""We will pay all sums which the Insured Person shall become legally liable to pay for
compensation in respect of: • Personal Injury • Property Damage
happening during the Period of Insurance, within the Territorial Limits, as a result of an Occurrence in connection with Your Business or Products ""

Whats an occurrence?
""Occurrence means an event or series of events including continuous or repeated exposure to
substantially the same general conditions which results, unexpectedly and unintentionally from Your standpoint, in Personal Injury or Property Damage during the Period of Insurance. ""
For cover to be effected, there generally has to be negligence on behalf of insured - an 'accident' is not enough for insurance to cover.

Sums Insured
$5,000,000 (minimum)
$10,000,000 more the norm....
$20,000,000 and higher also avail.

Additional Payments
""In addition to the Limits of Liability stated in the
Schedule We will pay as additional payments all:
• reasonable legal costs and expenses incurred by the Insured Person
in the defence of any claim;
• expenses incurred by the Insured Person for first aid to others;
• reasonable expenses incurred by You for the temporary repair
or shoring up or preservation of property which has been damaged;
• interest accruing after entry of judgment against the Insured Person

resulting from an Occurrence which is covered by this
Cover Section ""

Exclusions:
Various apply...check wordings, check with Broker.

Fire & Perils Section - Business Packs

2006-07-17T15:36:00.000+08:00

What does Fire & Perils cover.....

some common insurance perils...section 1 Fire & Perils:

1. Fire.

2. Lightning or thunderbolt.

3. Explosion.

4. Earthquake including subterranean fire or volcanic eruption

5. Impact caused by:
(a) any vehicle or its load; (b) any aircraft or anything dropped from
them, or sonic boom; (c) space debris or debris from a rocket or
satellite; (d) any animal; (e) a falling tree or part thereof;
(f) a mast aerial, antenna or satellite dish (g) a falling building

6. Riot, civil commotion and labour disturbances.

7. Wind and/or water (including snow, sleet and hail).

8. Bursting, leaking, discharging of water, sprinkler leakage

9. Vandalism or malicious damage.

10. Escape of molten material from its intended confines on or about the premises.

11. Loss or damage caused by demolition.

12. Accidental damage - ** not a Peril, but can be included in cover.

Privacy

2006-07-05T16:08:00.000+08:00

Privacy....and your information.

We maintain records of insurance policies that we arrange or issue for you, as well as records of any recommendation or advice given to you. We also maintain your personal details relevant to the issuing of insurance advice and policies.

We will retain FSG's and any documents that we provide you with, and it is important you also retain relevant insurance documents.

We are committed to implementing and promoting a Privacy Policy, which ensures the privacy and security of your personal information. A copy of Statewide’s Privacy Policy is available on request.

We are bound by the Privacy Act and adhere to the National Privacy Principles contained within it. You are welcome to view your file at any time - please contact us to make arrangements if you wish to.

What are all these documents.....Disclosure Docs!!

2006-07-05T16:01:00.000+08:00

With the advent of FSR, you will have noticed disclosure documents that are required to be sent to 'retail' clients. Save the trees....but please read them, keep them, query them if need be, and refer to them prior to making any decision to purchase insurance.

Further Information about our Remuneration
You will receive Further Information about our Remuneration (FIR) when we arrange insurance for you. This will contain important information about our remuneration, and any associations we may have.

Statement of Advice
Please contact us should you desire an SOA, and we will be happy to provide. Due to recent changes in FSR legislation, it is no longer obligatory to provide an SOA every time insurance is arranged for you.

Product Disclosure Statement
When we arrange the issue of an insurance policy for you, we will also provide you with a Product Disclosure Statement (PDS), unless you already have an up to date PDS from the insurer. The PDS will contain information about the particular policy, which will enable you to make an informed decision about purchasing that policy.

Limousine/SCV Scheme

2006-07-05T15:55:00.000+08:00

Limousine/SCV Scheme
Statewide Insurance Brokers & Lumley General Insurance

We would like to bring to your attention our Limousine/SCV Insurance scheme, especially designed for Limousine/SCV Owners. With over 10yrs experience in this market, we are able to bring you commercial motor vehicle and liability cover, specifically designed for your limousine service.

Other schemes on the market may only cover your vehicle and leave deficiencies in public liability. Others may be backed by unauthorised offshore foreign insurers, potentially putting any claims at jeopardy – we are backed by Lumley General Insurance Australia, part of the Wesfarmers Group. Please contact for summary of cover and with any queries.

2006-06-19T16:49:00.000+08:00

Notification Requirements

2006-06-19T16:39:00.000+08:00

Some examples of what to notify us of...any changes in your business or circumstances:

· Acquisition of new subsidiaries, mergers or joint ventures in which you are involved in Australia or elsewhere

· Acquisition, construction or occupancy of new premises; alteration, vacation, temporary unoccupancy, extension or demolition of existing premises.

· Increases in value in excess of policy limits for buildings, plant, machinery or stock (whether due to acquisition, economic inflation or exchange rate fluctuation).

· Alterations to or disconnection of fire or burglary protection systems.

· Contractual liabilities assumed and legal rights contractually relinquished or diminished, any contracts which impose onerous conditions.

· Changes in processes, occupancy or products and extensions of business operations, including new products or processes.

· Granting of indemnities or hold-harmless agreements

· Hiring, leasing or borrowing of plant and equipment.

· Acquisition of substantial equipment.

· Movements of stock or equipment to new locations.

· Charter or operation of aircraft or waterborne craft

· External Funding – mortgages or other borrowings which create insurable interest of third parties in insured property.

· Foreign trade and travel – developments involving exposures beyond Australia, overseas acquisitions or exports of products.

If in doubt, tell us and we will advise yourself and ensure necessary requirements......

Insurance Definitions/Terminology

2006-06-19T16:31:00.000+08:00

Definitions and Terminologys...some weird and wonderful insurance terms....

AFS LICENSEE
A company who possesses an australian financial services licence.
Required to transact financial services business.

AUSTRALIAN FINANCIAL SERVICES LICENCE
A licence issued pursuant to the Financial Services Reform Act 2001.

AGGREGATE LIMIT:
Usually the total amount of money an insurance company will pay under a Liability policy for all claims which arise during the period of insurance.

AUTHORISED REPRESENTATIVE
A party who provides advice or dealings relating to financial services business and includes both a corporate entity and natural persons.

AVERAGE OR CO-INSURANCE CLAUSE:
A clause in a policy requiring that, where property is insured for less than its full insurable value, the Insured is required to bear a proportion of any loss. The proportion is the amount by which the property is underinsured expressed as a percentage of its full insurable value at the time of the loss.

It is common practice for insurance contracts to be subject to Average or Co-Insurance which means that if the value of the property insured exceeds the sum insured, then you would be required to contribute proportionally to each and every loss.

BUSINESS INTERRUPTION
(Loss of Profits, Consequential Loss):
Covers loss of gross profit or revenue, to maintain the continuing or fixed costs of a business and increased working costs incurred to avoid or diminish a reduction in the business results and profitability following loss of or damage to property.

CLAIMANT:
The party making a claim under an insurance policy. The claimant may be the Insured. Under Liability policies, the claimant is a third party.

CLAIMS INCURRED BUT NOT REPORTED (“IBNR”):
Claims resulting from accidents or occurrences which have taken place but of which the Insurer has not received notice or report of loss.

COMMERCIAL PACKAGE
This insurance package is typically designed for small business enterprises and provides coverage for both Assets and Liabilities within the framework of one policy.

COMPULSORY THIRD PARTY (“CTP”):
Insurance covering accidental bodily injury to or death of third parties as a result of road traffic accidents. All owners of motor vehicles using public roads in Australia are required to have CTP cover taken out in the State in which their vehicles are registered. The parties involved in a road traffic accident are:

· First Party – the Insured or policy holder.
· Second Party – the Insurer
· Third Party – other persons involved, except the driver of the vehicle at fault.

CONTRIBUTION
The amount provided by the Insured or others to a claim under the Contract of Insurance (Policy).

CONTRIBUTORY NEGLIGENCE:
Lack of care on the part of the individual injured or suffering loss which helped to cause the accident or aggravated the injury or damage.

COVER:
The scope of protection provided by an insurance contract.
COVER NOTE:
Temporary contracts to protect the Insured while the procedures for the preparation and issuing of the insurance policy are progressing.

DEDUCTIBLE:
A policy condition whereby the Insured is required to pay a portion of the loss, as stipulated in the policy (eg, the first $400 of a motor vehicle damage claim); the Insurer paying the balance over that amount.

DEPOSIT PREMIUM:
Certain policies are written under conditions which provide that the final premium is not determined until the policy has expired. The premium charged at the inception of cover is the “advance”, “provisional” or “deposit” premium. The term is also sometimes used to refer to the initial premium paid by an applicant for life insurance which is held in suspense by the life company pending its acceptance or rejection of the proposal.

DISCLOSURE
Every matter that the Insured knows or could reasonably be expected to know that is relevant to the Insurer’s decision to accept the risk and if so on what terms.

ENDORSEMENT:
A written or printed recording on the Policy or an annexure to the Policy which alters provisions (terms and conditions) of the Contract of Insurance. Documentary evidence of a change to an existing policy, for example, change of address, increase in sum insured etc. An endorsement may result in an additional premium, a return premium or no premium adjustment.

EXTRA COST OF REINSTATEMENT:
Provides protection for additional costs necessary to comply with government regulations following a loss, eg previous premises may have had a wooden staircase whereas current regulations require concrete, thus the sum insured should allow for reinstatement in concrete.

FINANCIAL SERVICES REFORM (FSR)
The financial services reform programme implemented by the Financial Services Reform Act 2001 together with regulations promulgated pursuant thereto and Policy papers issued by ASIC.

FIRE AND EXTRANEOUS PERILS:
This composite policy can include a selection or all of the following perils: Fire, Lightning, Explosion, Aircraft, Earthquake, Storm & Tempest, Rainwater, Water Damage, Flood, Malicious Damage, Riots & Strikes, Impact by Vehicles or Animals.

FIRE SERVICES LEVIES
Amounts payable by insurance companies to meet the operating costs of Fire Brigade authorities as determined by the various State Governments are passed onto policyholders as premium loadings known as Fire Service Levies.

INDEMNITY:
The principle of indemnity is to place the Insured in the same financial position after a loss as that which applied immediately before the loss. That is, the Insured does not receive “new for old”. The potential recovery that the Insured has under a Contract of Insurance (policy) which is payable by the Insurer in the event of a claim.

NON-DISCLOSURE
A failure of the Insured to provide disclosure to the Insurer.

PRODUCT DISCLOSURE STATEMENT (PDS)
A Policy description statement issued by the Insurer and provided to the Insured by the Intermediary pursuant to the requirements as set out in the FSR.

PROFESSIONAL INDEMNITY / ERRORS AND OMISSIONS:
Covers legal liability to compensate third parties for loss sustained by them arising out of negligent acts, errors or omissions or civil liability on the part of the Insured in the conduct of their business.

PROXIMATE CAUSE
The most directly related uninterrupted cause which causes the injury or damage.

PUBLIC AND PRODUCTS LIABILITY:
Legal liability to pay compensation (including legal expenses) to third parties in the event of the Insured causing injury, death or loss of or damage to property arising out of business operations or products.

RELEASE:
A signed document accepting settlement for a loss.

REINSTATEMENT AND/OR REPLACEMENT:
This is a method of insuring property on a “new for old” basis. In the event of a physical loss or destruction of property insured under these conditions, settlement would be based on the cost of replacing the property or restoring the damage in new materials without any deduction for depreciation.

RENEWAL
The reinstatement of a Contract of Insurance for a further period of insurance.

RETAIL PRODUCT
A financial product falling into one or either of the following categories:
– motor vehicle Policies
– home building and/or home contents Policies
– sickness & accident Policies
– consumer credit Policies
– travel Policies
– personal & domestic product Policies
– any other Policies as may be prescribed by the FSR

STATEMENT OF ADVICE (SOA)
A statement of advice issued pursuant to the requirements as set out in the FSR.

SUBROGATION:
The common law right of an Insurer to recover from a third party who is wholly or partially responsible for a loss paid by the Insurer under the terms of a policy. For example, when an Insurer has paid the Insured for loss sustained to his car as the result of a collision, the Insurer may collect through the process of subrogation from the person whose car caused the damage. Subrogation recoveries are treated as reductions of losses paid when calculating claims experience.

TERMS
The conditions of a Contract of Insurance

UNDERWRITER:
One who determines the degree of acceptability and the pricing of insurance business.

UTMOST GOOD FAITH
Each part must enter into the Contract of Insurance with good faith and communicate every fact and circumstance which may influence the other in entering the contract.

WORKERS’ COMPENSATION:
All employees injured by accident or industrial disease arising out of, or in the course of their employment are legally entitled to compensation under the various Workers’ Compensation statutes. The Acts in each State and Territory require employers in Australia to maintain compulsory “no fault” insurance to cover their legal liability.

GST & Claims Settlements

2006-06-19T16:14:00.000+08:00

Some examples of how the treatment of GST is applied to a claim:

Registered ABN Business
The Insured incurs $1,100 (including GST) property damage that is claimable under an insurance policy. The Insured has informed the Insurer of their ABN and a tax status of 100%.

1(a) The Insurer organises the replacement of property (a non-cash settlement).

· Insurer purchases $1,100 replacement property
· Insurer claims $100 GST from ATO.

1(b) The Insured organises the replacement of the property and claims reimbursement from the Insurer (a cash settlement).

· Insured buys $1,100 replacement property
· Insured claims $100 GST from ATO
· Insurer pays to the Insured $1,000.

1(c) The Insured is a registered business with a tax status of only 50%

The Insured organises the replacement of the property and claims reimbursement from the Insurer (a cash settlement).

· Insured buys $1,100 replacement property
· Insured can claim 50% of the GST (being $50) from the ATO
· Insurer pays to the Insured $1,050
· Insurer claims 50% of the GST from the ATO (being $50)

Unregistered Business (Private Individual)

The Insured incurs $1,100 property damage (including $100 GST) that is claimable under an insurance policy.

· Insurer purchases $1,100 replacement property
· Insurer claims $100 GST from ATO

General Claims Procedures

2006-06-07T14:19:00.000+08:00

Claims Procedure

Statewide offers a full claims service, in the event you suffer loss or damage to your insured property. Please contact us in the first instance to discuss your claim.

General Procedures - All Sections

As soon as possible after the happening of any
occurrence, accident or event which may give rise
to a claim against you should:

(a) advise details to us and send written
confirmation with claim form

(b) take all reasonable steps to minimise the loss,
damage or liability and to prevent any further
loss, damage or liability
(c) use best endeavours to preserve any damaged
or defective appliances, plant or things which
might prove necessary or useful by way of
evidence in connection with any claim. No
alteration or repair shall be made without our
consent

(d) retain all damaged property for inspection

(e) advise the nearest Police Station in the case of
property lost, stolen or vandalised, and obtain
a written Police report if requested by us

(f) advise Us of any impending prosecution or
inquest

(g) forward to us every communication, writ or
summons at soonest.

Insurance Contracts - Changes to your Circumstances

2006-06-07T14:09:00.000+08:00

Alterations to Your Business / Changes to your Circumstances

To ensure continued cover under an insurance policy,
it is important that you advise us immediately of any
changes to your Business or Circumstances, that may result
in an increased chance of destruction, loss or damage to
property insured or liability to third parties.

Some examples of changes you should notify us of are:

changes in Your name or directors or partners;
changes to the address or location of your Business;
changes in the nature of Your Business or trade or occupation;
alterations in construction of the premises;

new business products not previously disclosed to us.

When we receive notification of a change we may have to adjust the premium or terms of the Policy. This will be advised to you at the time.

Insurance Contracts - Your Duty of Disclosure

2006-06-07T14:04:00.000+08:00

Your duty of disclosure
Before you enter into a contract of general insurance
with an insurer, you have a duty, under the Insurance
Contracts Act 1984, to disclose to the insurer every
matter that you know, or could reasonably be
expected to know, is relevant to the insurer’s decision
whether to accept the risk of the insurance and, if so,
on what terms.

You have the same duty to disclose those matters to
the insurer before you renew, extend, vary or reinstate
a contract of general insurance. Your duty however
does not require disclosure of matter:

◆ that diminishes the risk to be undertaken by the
insurer;
◆ that is of common knowledge;
◆ that your insurer knows or, in the ordinary course
of its business, ought to know;
◆ as to which compliance with your duty is waived
by the insurer.

Non-disclosure
If you fail to comply with your duty of disclosure, the
insurer may be entitled to reduce its liability under the
contract in respect of a claim or may cancel the
contract.
If your non-disclosure is fraudulent, the insurer may
also have the option of avoiding the contract from its
beginning.

Please contact Statewide for further clarification if needed.

2006-06-02T14:21:00.000+08:00

2006-05-25T11:42:00.000+08:00

Steadfast - Australia's Largest Insurance Broker Cluster Group

2006-05-25T11:36:00.000+08:00

Australia’s largest insurance broker cluster group

Who is Steadfast?

Steadfast Group Limited is an unlisted public company comprising of more than 250 Australian-owned, autonomous insurance brokerages – which operate from 300 plus offices around Australia. Established in 1996, Steadfast is Australia’s largest insurance broker cluster group, generating in excess of $2.5 billion in annual premium turnover.
The purpose of the Group is to provide insurance brokerages with the benefits of big business buying power but still allowing them to provide personalised service.

Why use a Steadfast Broker?

Because you’ll get the personalised service you look for from an autonomous business, together with the expertise and support you’d expect from a large organisation.

Because with the backing of a national management group, Steadfast members have the buying power that gives them access to the majority of the Australian insurance market. In addition, the Group has a number of strategic partners including some of Australia’s largest insurers and premium funders.

Because our extensive network allows member brokers to keep up-to-date with current trends and new insurance markets. Our members collective capabilities, experience and team approach, allow them to assess and offer a wide range of products and services.

Because you’ll benefit from policy wordings that are exclusive to the Steadfast Group, developed in conjunction with the largest insurers in Australia. The acceptance of generic wordings by Australia’s leading underwriters is testament to the respect of our Group by the industry.

Because our strategic partnerships cover all major classes of businesses and various niche products. Our brokers can source quality products from a broad, flexible range. This breadth of choice enables members to locate value-for-money insurance to provide protection to suit each client’s needs.

Because even though our members have access to a number of strategic partners, nothing our members do is compulsory. The business is placed with the best interest of the client in mind.Steadfast has grown to be a respected and recognised leader in broker cluster groups within the industry. It is this recognition that has helped propel Steadfast forward to be the largest broker cluster group in Australia.

Steadfast Products/Underwriters

2006-05-24T11:14:00.000+08:00

Accident & Health
- Accident & Health International Underwriting Pty Ltd-
CHUBB Insurance Group of Australia Ltd
Business Insurance
- Australian Unity General Insurance Ltd- Calliden Ltd
Business Insurance (Steadfast Wording)
- Allianz Australia Insurance Ltd- CGU Insurance Ltd- Concord Insurance Group- Lumley General Insurance Ltd-
QBE Commercial- Suncorp Metway Ltd- Vero Insurance Ltd- Zurich Financial Services Ltd
Car Dealers - Used
- Associated General & Dealer Underwriting Agency Pty Ltd
Caravan Parks Insurance
- Parks Insurance Pty Ltd
Cash in Transit/Safe
- Australian Professional Underwriting Agency Pty Ltd
Commercial Pleasure Craft
- Club Marine- Trident Insurance Group Pty Ltd
Compulsory Third Party Insurance - Green Slip
- QBE Insurance (Australia) Ltd- Zurich Financial Services Ltd
Contract Works
- Calliden Ltd- Lumley General Insurance Ltd- Mecon Insurance Pty Ltd
Contractors Plant Insurance
- Cemac Pty Ltd- Mecon Insurance Pty Ltd
Cyber Esurance
- Willis Australia Ltd
Directors & Officers
- AIG (American International Group Inc)- APUA Pty Ltd, trading as Australian Pacific Underwriting Agency- Australian Professional Underwriting Agency Pty Ltd- Miramar Underwriting Agency Pty Ltd-
Zurich Financial Services Ltd
Employment Practices Liability
- AIG (American International Group Inc)
Engineering
- HSB Australia (The Hartford Steam Boiler Inspection and Insurance Company)- Mecon Insurance Pty Ltd- Zurich Financial Services Ltd
Farm/Rural Insurance
- CGU Insurance Ltd- QBE Commercial
General Liability
- Liberty International Underwriters- Miramar Underwriting Agency Pty Ltd
Home (Prestige)
- CHUBB Insurance Group of Australia Ltd
Home (Steadfast Wording)
- Allianz Australia Insurance Ltd- Australian Unity General Insurance Ltd- CGU Insurance Ltd- Calliden Ltd- Concord Insurance Group- EIG Ansvar Ltd- QBE Commercial- Vero Insurance Ltd
Home Removals
- Associated Marine Insurers Agents Pty Ltd
Home Warranty
- CGU Insurance Ltd- Vero Insurance Ltd
ISR
- Allianz Australia Insurance Ltd- CGU Insurance Ltd- Calliden Ltd- Concord Insurance Group- Lumley General Insurance Ltd- QBE Commercial- Suncorp Metway Ltd- Zurich Financial Services Ltd
Landlords Insurance
- CGU Insurance Ltd
Management Liability
- AIG (American International Group Inc)
Marine
- Associated Marine Insurers Agents Pty Ltd- CGU Insurance Ltd- Liberty International Underwriters- Lumley General Insurance Ltd- QBE Marine- Trident Insurance Group Pty Ltd- Vero Insurance Ltd
Mobile Plant
- MB Insurance Group Pty Ltd
Motor - Commercial and Fleet
- Lumley General Insurance Ltd- Suncorp Metway Ltd- Zurich Financial Services Ltd
Motor - Heavy
- National Transport Insurance (NTI)
Motor - Private
- Allianz Australia Insurance Ltd- Vero Insurance Ltd
Motor - Speciality
- Lumley General Insurance Ltd- Unique Car Insurance Pty Ltd
Motor Trade
- CGU Insurance Ltd
Office Insurance
- Allianz Australia Insurance Ltd
Personal Accident
- Calliden Ltd
Private Pleasure Craft
- Club Marine- Trident Insurance Group Pty Ltd
Product Recall / Product Tamper
- AIG (American International Group Inc)
Professional Indemnity
- AIG (American International Group Inc)- APUA Pty Ltd, trading as Australian Pacific Underwriting Agency- Australian Professional Underwriting Agency Pty Ltd- CGU Insurance Ltd- Calliden Ltd- MB Insurance Group Pty Ltd- Miramar Underwriting Agency Pty Ltd- QBE Insurance (Australia) Ltd- Willis Australia Ltd- Zurich Financial Services Ltd
Property
- Miramar Underwriting Agency Pty Ltd
Public & Products Liability
- AIG (American International Group Inc)- Australian Professional Underwriting Agency Pty Ltd- Calliden Ltd
Residential Strata Insurance
- CGU Insurance Ltd
Travel Insurance
- Cover More Insurance Services Pty Ltd
Workers Compensation
- Allianz Australia Insurance Ltd- CGU Insurance Ltd- QBE Insurance (Australia) Ltd

Website Launch

2006-05-09T14:15:00.000+08:00

Visit us on the web.....

We are now up and running, launched 8/5/06.

Visit us at www.statewideib.net.au or www.swib.com.au

All you need to know about us...contact details....quotes...plus new and exciting developments coming soon

Statewide Insurance Brokers - Welcome

2006-04-27T22:28:00.000+08:00

Welcome to Statewide Insurance Brokers online weblog

What our blog offers:

Details about Statewide

Our Insurance solutions

Information articles

Industry updates

Client referrals

General musings

Contact us:

Web statewideib.net.au, swib.com.au

Email info@statewideib.net.au

Phone 08 9474 4344

Fax 08 9474 2080

Address 78 Mill Pt Rd, South Perth WA

Postal PO Box 240, South Perth 6951

Australia's first online insurance industry weblog

We hope you enjoy...we hope you learn...we hope you keep coming back for more

2006-04-27T20:08:00.000+08:00

Life Insurance - Statewide Financial Group

2006-04-27T19:55:00.000+08:00

Statewide Financial Group Pty Ltd has a range of life insurance options to assist in your wealth creation and protection. We are also able to arrange any superannuation requirements for your business.

Life Insurance:

Life Insurance, also known as term insurance, covers your life and pays a lump sum on your death or diagnosis of illness. It's one of the easiest products to understand and it's usually the first one people think of. It may:
allow your family to repay debts including mortgage, personal loans, guarantees, credit cards etc
provide an adequate income for your dependants to pay for living expenses, school fees and child care etc
protect your business if a key person or principal dies; and
create a cash injection to the estate, which may prevent other assets being sold.

Trauma Insurance:

Trauma insurance is about protecting your lifestyle and providing you with choice. It provides a lump sum pay-out on the diagnosis, or occurrence, of one of a list of specific injuries and illnesses such as heart attack, cancer or stroke. It can:
pay out for unexpected medical costs
provide for lifestyle changes
provide for the potential need of professional care at home
repay large debts such as mortgage
allow you to make lifestyle changes, such as reducing work hours, by providing additional income

TPD:

Total Permanent Disablement is available as an optional attachment to Life Insurance policies. TPD pays a lump sum if you become totally and permanently disabled and therefore unable to work again. TPD is about ensuring that you retain as much quality of life as possible. It can:
provide funds to allow a family member to give up work to care for you, or alternatively, to fund other home care
allow you to repay debts including mortgage, personal loans, guarantees, credit cards etc
pay for any major renovations required to your home (for example to permit wheelchair access)

Income Replacement:

Income replacement insurance provides a monthly payment of up to 75% of your pre-tax income if you are unable to work due to Sickness or Injury. It can allow you to:
provide for yourself and your family;
continue to pay your mortgage, bills, credit cards and other debts; and
keep all your investment strategies in place
without income replacement, all the wealth you have created may be jeopardised.

Pay by the Month - Premium Funding

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Pay by the Month Insurance Premiums

What is it?
Premium Funding allows you to pay your insurance premium ‘by the month’ via direct debits from your nominated bank account.

How does it work?
Instead of you paying your yearly insurance premium in one payment, your premium is paid to the insurance company for you. You then repay in monthly instalments over a chosen monthly period.

What are the Benefits?
Greater financial flexibility
Cash flow benefits
Frees up working capital
Retain funds in your business to use elsewhere
Tax deductible interest charges
Tailored funding solutions
Simple 1 page application and acceptance
No deposit or security required
Available for all business insurances
Cancellable, if need be
Lowest interest charge available
No ongoing fees applicable

Claims

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Statewide Insurance Brokers Pty Ltd provides a full claims service to ensure our clients receive prompt and efficient settlement on their insurance claims.

How to Make a Claim:
Contact us and tell us what happened. We will advise you of the claims process and assist you through the next steps.

As soon as possible after the event that causes the loss or damage, or legal liability, please:
Take reasonable steps to minimise, reduce, preserve the damage.

Where appropriate, inform the police about: any malicious damage, any theft or attempted theft of your insured property, and any accidental loss of personal valuables.

Motor / Home Claims:
Insurers offering “phone direct” claims handling are listed below. Please continue to advise Statewide in the first instance of your claim, and we will offer advice on how to proceed.

Home
Motor Vehicle

Allianz:
9422 8412
9422 8411

CGU:
1300 306 497
1300 306 497

Vero:
1300 888 073
1800 222 043

Suncorp:
13 25 24
13 25 24

Specialty Schemes

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In addition to our range of general insurance products and services, we also provide specialty services in the following industrys:

Childcare

Phone Retailers

Limousines

Coffee Shops

Soft Furnishings

Fruit & Vegetable

Beauty Industry

Please monitor this section for exciting developments over next months.

Insurer & Underwriter Listing

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Statewide has full access to below range of insurers and underwriters:

Accident & Health
Ace
AIG
Allianz
AMP
Ansvar
APUA
Associated Marine
Australian Unity
Calliden
Cemac
Centrepoint Alliance
CGU
CHU
Chubb
CIL
Cinesure
Club Marine
Concord
Covermore
CRS
Dawes
Dexta
Dual
EIG Ansvar
First Professional
Gateway
GIO
Hunter
IAG
Interpacific
Lloyds of London
Logans
Lumley
Macquarie
Mansions
Marsh
MB Insurance
Miramar
Napean
Nautilus
NTI
Oceanic
Pacific
Parks
Prestige
Promina
PRP
QBE Commercial
Richard Oliver
Shannons
Sportscover
SRS
St George U/W
Suncorp
Torque
Trident
UAA
Unique Car
Vero
Wesfarmers
Willis
Zurich

Product Listing - Insurance Checklist

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Statewide can advise on and arrange any of the following insurable risks:

Association Liability
Aviation
Broadform Liability
Burglary
Business Packages
Caravan
Commercial Hull
Construction Risks
Contract Works
Contractors Plant
Crop Insurance
Directors & Officers Liability
Employment Practices Liability
Engineering
Farm Packages
Fidelity
Fire & Perils
General Property
Glass
Group Personal Accident
Holiday Home
Home - Prestige
Home & Contents Insurance
Home Removals
Home Warranty
I.S.R.
Information Technology Liability
Jewellers Block
Journey Injury
Landlords
Laptop
Legal Expenses
Liability - Public & Products
Livestock
Loss of Profits
Machinery
Management Liability
Marina Operators Liability
Marine Cargo
Marine Transit
Medical Malpractice
Mobile Plant
Mobile Telephone/Pager
Money
Mortgage
Motor - Commercial
Motor - Domestic
Motor - Fleet
Motor Cycle
Motor Trades
Office Packs
Personal Accident & Illness
Personal Property
Personal Valuables
Pleasure Craft
Pluvius / Weather
Product Recall & Tamper
Professional Indemnity
Property
Rural
Ship Repairers Liability
Sport
Statutory
Strata - Commercial
Strata - Residential
Tax Audit
Theft
Trade Credit
Trades Packages
Travel Insurance - Domestic
Travel Insurance - Corporate
Umbrella Liability
Voluntary Workers
Workers Compensation

Products and Services

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Statewide Insurance Brokers can arrange a wide range of insurance and risk services for your business. Our role is to ensure that you have the right insurance cover at the right price, and to assist you in the event of a claim.

We have access to all major insurers within Australia and globally and ensure that your insurance programme is in the right hands. A full list of insurance products, insurers and our speciality insurance areas is on the following pages.

Products:
Business Packages
Workers Compensation
Liability - Public & Product
Motor - Private, Comm. & Fleet
Industrial Special Risks
Trades Packages
Farm Packages
Professional Indemnity
Home & Contents
Contract Works
Landlord & Mortgage Protection
Personal Accident & Illness
Marine Cargo & Transit
Boat & Pleasure Craft
Travel - Commercial & Domestic

Services:
Risk & Needs Analysis
Tailored Insurance Packages
Insurance Review Audits
Insurance Placement
Claims Handling & Advice
Professional Advice
Renewals
Payment & Credit Options
Life Insurance
Superannuation

Why Use a Broker?

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Advice. Expertise. Advocacy. Service

General Insurance is often complex, and there is a vast array of policies available on the market to cover a wide variety of risks. By using an Insurance Broker, you engage a specialist who can save you time and money, provide expertise and ensure your business is covered correctly.

We represent YOU, the insurance client, not the insurer.

At Statewide we offer professional advice, business understanding and will arrange the most appropriate insurance coverage for your needs, at the best price. We have full access to a large array of insurers and underwriters. You will also find us ready and willing to negotiate in claims circumstances.

For peace of mind and expert advice, an Insurance Broker can provide it all.

Introduction to Statewide

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Statewide Insurance Brokers Pty Ltd is a proudly West Australian owned company, formed in 1970. A continually profitable and well-respected General Insurance Brokerage, our mission is to provide an expert and exceptional service, acting for our clients in the provision of insurance advice, placement and related financial services.

With over 150 years of combined staff expertise in insurance, accounting, finance, management and administrative services, we are committed to providing our clients with the very best in financial services.

Statewide Insurance Brokers is authorised to 'deal and advise in general insurance products to retail and wholesale clients', under Australian Financial Services Licence number 231311.

Products:
Business Packages
Workers Compensation
Liability - Public & Product
Motor - Private, Comm. & Fleet
Industrial Special Risks
Trades Packages
Farm Packages
Professional Indemnity
Home & Contents
Contract Works
Landlord & Mortgage Protection
Personal Accident & Illness
Marine Cargo & Transit
Boat & Pleasure Craft
Travel - Commercial & Domestic

Services:
Risk & Needs Analysis
Tailored Insurance Packages
Insurance Review Audits
Insurance Placement
Claims Handling & Advice
Professional Advice
Renewals
Payment & Credit Options
Life Insurance
Superannuation

Statewide Insurance Brokers - Welcome

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Welcome to Statewide Insurance Brokers online weblog

What our blog offers:
Details about Statewide
Our Insurance solutions
Information articles
Industry updates
Client referrals
General musings

Contact us:
Web statewideib.net.au, swib.com.au
Email info@statewideib.net.au
Phone 08 9474 4344
Fax 08 9474 2080
Address 78 Mill Pt Rd, South Perth WA
Postal PO Box 240, South Perth 6951

Australia's first online insurance industry weblog
We hope you enjoy...we hope you learn...we hope you keep coming back for more