There has been much talk of increasing premiums, unfavourable terms and conditions as well as difficulty placing certain risks. We thought we would give a summary of a hardening insurance market to try and help you make sense of it. Like many markets, the insurance market is cyclical, typically … [Read more...] about Hardening Insurance Market
Pest and Inspection Claims Data
We've put together some claims data and general information on Pest Managers and Inspectors collected over the past 3 years. General conclusion, Professional Indemnity Claims most prone to litigation. In recent years the Building and Pest Inspection Profession has become very litigious … [Read more...] about Pest and Inspection Claims Data
Conditions Conducive to Timber Pest Attack
When conducting a Timber Pest Inspection, it is important to ascertain if the site and construction of the house are highly conducive to timber pests. Factors include, but are not limited to: What is the construction of the house (e.g. the house is on a cut and fill slab construction)? Is … [Read more...] about Conditions Conducive to Timber Pest Attack
Ten Inspection Basics to Avoid Claims
As a building inspector you work in a highly litigious occupation and the trend of increasing litigation appears to be getting worse. There is an increasing number of claims coming from breaches that could be considered fundamental basics of a building inspection. Below are some examples for … [Read more...] about Ten Inspection Basics to Avoid Claims
Defect Statements
Major defects: are defects of significant magnitude where rectification has to be carried out in or der to avoid unsafe conditions, loss of utility or further deterioration of the property. Major defects need to be reported on using a defect statement. As a guide, when making a defect … [Read more...] about Defect Statements
Is Your Business Protected Against Ransomware Attacks?
Ransomware software is rapidly evolving, with advancements leading to a growing number of increasingly sophisticated attacks on Australian businesses. Ransomware attacks are conducted by perpetrators who use malicious software to encrypt computer files, making them inaccessible. Once the software … [Read more...] about Is Your Business Protected Against Ransomware Attacks?
Locksmith Insurance
We can arrange tailored insurance for locksmiths with broad coverage at competitive pricing. It is essential that as a business you are protected by a policy that meets your requirements and provides cover where you can be exposed claims. As a locksmith you have undertake work that The … [Read more...] about Locksmith Insurance
Car Detailer
Car detailing requires patience and an eye for detail especially when it comes to owners of discerning marques. As a car detailer you're expected to show care for vehicles as if they are your own. Like any profession the devil is in the detail and like you Wymark Specialty arranges insurance … [Read more...] about Car Detailer