Steel Pacific Insurance Brokers
The Steel family established Pacific Insurance Brokers in 1982, opening offices in both the Solomon Islands and Vanuatu.
It can take just moments for fire, flood or thieves to wipe out years of hard work, asset accumulation and stock. But it can be months before you realise the full extent of the damage – and even longer to recover - if you don't have a detailed and up-to-date inventory list encompassing business … [Read more...] about How to create and maintain an SMB inventory list
The catastrophic floods that swept across Townsville have resulted in 21,515 claims, with the estimated insurance losses of $887 million, according to the Insurance Council of Australia’s latest figures.“This represents 19,614 residential claims and 1,901 commercial claims,” said Rob Whelan, ICA … [Read more...] about ICA claims update for Townsville catastrophe
The UK's Grenfell Tower disaster has had widespread implications for professionals in Australia's construction industry. Here's how to help protect yourself if you're a contractor who's worked on any Australian building project.The UK Grenfell Tower disaster claimed the lives of 72 people on 14 … [Read more...] about How to protect your business against non-compliant cladding
Sydney's violent hailstorm, which has left millions of dollars of damage in its wake, is a crucial reminder of how important it is to protect yourself against potentially crippling damage to your business.The incident, declared a 'catastrophe’ by the Insurance Council of Australia, led to more … [Read more...] about Lessons learned from Sydney’s ‘catastrophic’ storm
Extreme weather conditions are increasing around the world, and Australia is no exception. Experts predict this summer will, again, be one of the hottest on record, with severe bushfires, storms and floods all set to increase.In the absence of the vast resources of larger organisations, there is … [Read more...] about Why your business needs an extreme weather action plan
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has now concluded its public hearings. The final round of hearings featured the leaders of our major banks and the AMP. The focus of the hearings was not “what happened”, but “why was it allowed to … [Read more...] about Royal Commission wraps up
Cybercrime is an increasingly worldwide phenomenon, and Australia is far from immune. With large-scale events such as the 2017 WannaCry attacks, it’s become evident just how ill-prepared many businesses are for cyberattacks.Philippa Davis, international cyber underwriter at CFC Underwriting, … [Read more...] about Countering cyber threats with insurance
More expensive premiums, higher excesses and narrower coverage are set to become an insurance reality for many Australian businesses. Here’s how SMB's can prepare for a hardening market.Australian businesses have benefited from a soft insurance market for some years now, but it's time to prepare … [Read more...] about How to reduce your business insurance costs