Tag: Insurance (page 1 of 8)

Adroit Annual Charity Golf Day 2017

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It’s been an exciting year for us at Adroit and we’re especially thrilled about next week’s 16th Annual Charity Golf Day!

Held at 13th Beach Golf Links in Barwon Heads on 23rd November, the day promises to be an entertaining and enjoyable outing for everyone involved.

It’s always rewarding to be able to help our local community wherever we can. This year has been particularly gratifying, as along with our community partner the Geelong Community Foundation, who have supported us to distribute funds, we’re proud to give the inaugural Adroit Golf Day Capital Grant of $100,000 to Bethany Community Support.

This grant – funded by the proceeds of the Golf Day – is an important milestone in the evolution of our event.

As part of their family violence program, Bethany Community Support will use the grant to develop a Men’s Centre – the first of its kind in Victoria. This important project aims to help address the increase in domestic violence.

Providing a comprehensive response, the Men’s Centre will offer a suite of services that aim to both prevent and respond to family violence issues.

These services will include men’s behaviour change programs, counselling, fathering programs and mental health assessment and treatment, going a long way to filling a gaping hole in the community’s response to family violence.

Having identified a need to stop the destructive cycle of family violence, Bethany’s programs of education and inclusion, which address the underlying issues that lead to such negative behaviour, will no doubt save lives.

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Make a date to stay up-to-date

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It’s no surprise how quickly life can change – the only thing you can be sure of is that occasionally, the unexpected will happen. Whether it’s in your business or your personal life, there’s always something new just around the corner.

With this in mind, it’s important all your insurance needs are being met. Just like an outdated fashion trend, an insurance policy you purchased but have never reviewed is unlikely to still be a good fit. A “set and forget” approach is one that can lead to unpleasant surprises down the track, but thankfully can be easily prevented by regularly reviewing your level of coverage as your circumstances change.

Getting married, having children, a promotion at work, major purchases or downsizing – these are all major life events that mean your insurance needs will change accordingly.

Don’t forget your business insurance either – just as personal circumstances change, businesses change over time too. You might be offering different products or services, your team may grow or shrink, and new opportunities can see your business evolve in directions you never expected. That’s why it’s so important to keep your insurance policies current and relevant to your business activities.

Just like a regular check-up with your doctor is essential for your personal health, a periodic check-up with your insurance broker is absolutely necessary to ensure you have the best level of coverage for your circumstances.

Adroit’s personalised approach ensures you have everything you need (and nothing you don’t) giving you peace of mind that in the event of the unexpected, you’re fully covered.

You should always consult your qualified insurance broker for advice on the best policies available to suit your needs.

KEEPING UP WITH THE WORKPLACE REVOLUTION

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New Liabilities for Virtual Assistants

Have you noticed the significant shift in the workplace lately, as managers begin to appreciate the value of offsite services from Virtual Assistants?

The benefits of being a Virtual Assistant include greater flexibility, spending less time and money commuting, a happier, more productive day and a chance to be your own boss.

For business, the cost of technology and telecommunication services to allow for remote work has also never been cheaper. This allows for greater flexibility in workforce management and reduced overheads such as office rental, equipment, superannuation and human resource management to name just a few. The business can now select the best-skilled worker for the job, no matter where they live.

An added benefit for the business is it can limit liability by contracting out the work to a Virtual Assistant. By taking on the work, a VA owes a “duty of care” to the business in the performance of the services. Any negligence, mistake or error in the services provided could result in a claim against the Virtual Assistant. For this reason, a Virtual Assistant should consider these insurance policies to protect themselves properly:

Professional Indemnity Insurance

This is likely to be the greatest risk for Virtual Assistants who provide professional services. The policy will cover legal costs to defend against allegations of a mistake in the advice provided and any resulting damages award or settlement amounts agreed to.

Here is a typical claim example:

A Virtual Assistant provides website management and social media updates on behalf of a business. A third party alleges the content of the post is misleading and deceptive and the third party sues the business. The business, in turn, joins the Virtual Assistant as a defendant to the action or the business may seek to redeem all associated costs and expenses from the Virtual Assistant after the claim is finalised.

Cyber Liability Insurance

Cyber liability is the fastest growing insurance risk in Australia. The policy will cover claims where a loss of personal data results in a breach of privacy or a hacker attacks the Virtual Assistant system.

Here is a typical claim example:

A Virtual Assistant provides bookkeeping services on behalf of a business. The Virtual Assistant’s system is hacked by a cyber criminal and the personal records of the business’s clients are stolen. The hacker also inserts malware to encrypt the system and a virus, which is passed back to the business and infects their system also. A cyber policy will cover the cost of a ransom payment, the costs to restore and recollect any lost data, the costs to remove malware and fix your system and any business your system infected and the loss of income during the downtime, as a result of the hack.

Public Liability Insurance

Public liability insurance covers the Virtual Assistant if they cause bodily injury or property damage to a third party. However, most Virtual Assistants wouldn’t usually be that hands-on nor have foot traffic. This presents a significantly lower exposure and would result in greatly reduced insurance costs. It’s important to remember that many domestic home insurance policies will specifically exclude any claims resulting from business-related services.

Here is a typical claim example:

A work-related delivery is sent to your home, it could be documents, products, samples etc. The delivery person falls and suffers a serious back injury as the handrail on the stairs to the front door gives way. The delivery person sues the Virtual Assistant for bodily injury claiming negligence for a poorly maintained and unsafe handrail. The policy would cover legal costs and damages award against the Virtual Assistant

Some businesses will require the Virtual Assistant to maintain a minimum level of insurance cover before they can even commence working. We expect this mandatory requirement to keep growing, as the use of Virtual Assistants continues to grow with it.

Each individual Virtual Assistant’s insurance needs will be unique and we’ll work with you to find the best possible protection.

For a FREE ‘’no obligation’’ discussion about your insurance needs, get in touch with Amy O’Sullivan from Adroit Insurance Group on amyo@adroitig.com.au or call 03 5331 8317.

Protecting your business against unique risks

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Do you think it would be simple to walk into someone else’s office, warehouse or factory and make that business run smoothly? If you had to swap with the business next door, suddenly, without making any of your own adjustments to layout – how successful do you think that would be?

If you think that would be a total disaster, you’re probably right. Every business is unique – each one has its own story, its own way of doing things, its own unique group of customers.

No two businesses are alike, even within the same industry. Across multiple differing industries these differences become even more apparent – a large business in the construction industry, for example, faces very different risks to a small hairdressing business or pet parlor at a local shopping centre. So why should they all share the same level of insurance cover? Every business has its own unique set of risks as part of its corresponding industry and individual needs.

One of the main advantages of selecting an industry-specific insurance policy over a more generalised product is that your insurance broker will provide advice on the things you might never have even considered. This involves a comprehensive understanding of your industry, developing personal relationships and delving to discover exactly what risks your business is exposed to, then protecting you from those risks with a comprehensive, bespoke insurance solution at the best possible price. Insurance experts are adept at recognising risks, and they have the experience of working with all kinds of businesses and seeing where others have gotten into trouble – what is an unexpected event for you is something they have probably seen before – and already have a plan in place to address.

Tailored insurance policies for businesses are available to a number of different industries including:

– Agriculture and Viticulture
– Construction
– Hospitality
– Entertainment
– Manufacturing
– Property
– Retail
– Trades
– Engineering
– Professional Services

Within your corresponding industry we will design an insurance solution that’s specifically tailored to you and your individual business needs, allowing you to rest easy knowing that your business is protected from any unexpected and unforeseen occurrences.

A friendly chat with one of our brokers is all it takes to get the ball rolling – make the call today and give yourself the gift of peace of mind with comprehensive cover specific to your needs.

 

Ansvar Community Education Grants

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At Adroit, we’re always happy to share things that benefit the community. This month, our valued insurer Ansvar Insurance has opened applications for their 2017 Community Education Program, offering grants up to $50,000 for programs supporting Australian youth which fall under two categories; empowerment and education or outreach programs. Since the program’s launch in 1994, Ansvar has contributed over $15 million to education and life skills programs that have benefited thousands of youths across Australia.

Ansvar is dedicated to providing support and protection to Community Services & Not-for-profit Organisations, have a long history of involvement in the Australian community and philanthropic giving. They provide support to community groups and organisations through a range of activities, including donation drives, sponsorships, strategic partnerships and provide all of their staff members with a community service leave day each year, to enable them to spend time volunteering with organisations and activities close to their hearts. Ansvar’s values align closely with our own, and we’re proud to work alongside them.

To apply for the Community Education Grants or for more information, visit their website.

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