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In: Facilities Management, Insurance, Landlords, Tenants, Renting and Management, Real Estate, The Management Rights Market

Contributed By: Frank Matus - Resort Brokers on

Our Brisbane broker Frank Matus says opportunity exists for buyers and sellers in a buoyant market — but you have to be nimble. When I started with ResortBrokers a year ago, the industry was still emerging from COVID. Uncertainty was in the air and multipliers were soaring. Real estate prices were skyrocketing thanks to the great migration from the southern states – over 50,000 new residents flocked to our state in the year to June 2022.  While management rights operators felt the capital growth in their real estate, many of these new residents moved into their investment units creating downward pressure on letting pools. SomeRead More →

In: General Interest, Insurance, Landlords, Tenants, Renting and Management, Legal

Contributed By: Aon Insurance on

There’s more to managing risk than insurance 6 pillars of managing risk in a service based business There’s not much in life that comes without risk – whether it’s starting a business, or even just crossing a road. When it comes to running your business, the biggest risk in your mind is probably not making a profit. However, events such as a client tripping over and injuring themselves while at your premises, or having legal action taken against you due to advice you provided are also incidents that can have a substantial impact on your business. While you might hold insurance to help cover youRead More →

In: Insurance, Legal, Real Estate

Contributed By: Aon Insurance on

How bushfires may shape Australian housing design The devastation caused by bushfires have become a regular, unfortunate part of the Australian climate. Communities impacted watch (somewhat helplessly) as their properties, wildlife and vegetation are engulfed by flames. It’s unlikely bushfires are going to stop anytime soon, but with the intensity of them increasing, coupled with the effects of drought and extreme temperatures, it’s clear there are further challenges ahead in terms of adapting and ensuring communities are equipped to better withstand the impacts. While steps have been taken in Australian housing architecture to better enable resilience and cope with bushfires, there is still a wayRead More →

In: General Interest, Insurance

Contributed By: Aon Insurance on

Here is what you need to know about Cyber Insurance and what it covers You probably don’t need another reminder about the increasing incidences of cyber crime – more than enough headlines and stories of organisations (and even entire countries) suffering major cyber attacks emerge almost every month. So it should come as no surprise that small businesses are now also now a lucrative target for cyber criminals. The reasons for this? There are many, but one of the biggest reasons is that unsuspecting small businesses often do not have sophisticated cyber security software, making them a relatively ‘easy target’. Cyber insurance is therefore an importantRead More →

In: Insurance

Contributed By: Aon Insurance on

You’ve probably heard the term Business Insurance, but you might not know that it can have two meanings. Firstly, business insurance can refer to any insurance which is designed to cover businesses. More commonly though, Business Insurance can refer to a packaged insurance policy which is designed to cover your business and its assets & equipment against events like fire, storms, and theft. This policy is also known as a Business Insurance pack. If you are looking to take out a Business Insurance pack, here are 5 important points to understand to help ensure you’re not left with any gaps in cover.   A packagedRead More →

In: General Interest, Insurance

Contributed By: Aon Insurance on

A detailed look at Business Interruption and what it covers When you run a small business, there are a lot of things which can interrupt the day to day running – whether it be severe weather damage; a break and enter or even losing a piece of portable equipment. Going through events like these can be costly, and while you might have insurance to cover the cost of repairs or replacement; if your business is unable to operate and bring in revenue for a period because of an insured event, the lost income would likely further add to your financial challenges. Business interruption cover can beRead More →

In: Insurance, Real Estate

Contributed By: Aon Insurance on

Common claims in real estate, and how to remain diligent The real estate industry has never been known as uneventful. Whether it’s changing interest rates, legislation and rental reform, or even technological developments, it’s an industry that is used to seeing change. The one constant that remains present though, regardless of the developments in the industry, is the risk of having an allegation of professional negligence against you. Whether it’s property mismanagement, misrepresentation or underquoting, the nature of the work you do can sometimes be subject to some serious complexities. While you might think nothing will happen to you because you are careful, the truthRead More →

In: Events, Facilities Management, General Interest, Insurance, Legal, The Management Rights Market

Contributed By: Nick Buick on

THE Awards 2022 was a resounding success and everyone had a fantastic evening. A special thanks to our sponsors: HiRUM, Schindlers Lifts Australia, McAdam Siemon Accountants and Mike Phipps Finance for making the event possible. Here’s the professional images from the evening. We can’t wait to see you all next year!Read More →

In: Insurance

Contributed By: Aon on

How well do you understand the difference between these two covers? Public Liability (PL) & Professional Indemnity (PI) are different types of insurance policies and cover different occurrences. Although they both cover allegations made against you and your business, the types of claims they cover vary. Depending on the nature of your business, you may require both, or just one of these policies.  For some professions, these policies can also be combined into one for your convenience, so you may only have one premium to pay.   Below, we take a look at the coverage under these policies and explain the differences, similarities, and businesses thatRead More →

In: Insurance

Contributed By: Aon on

Important features of Professional Indemnity Insurance You might already hold Professional Indemnity Insurance (PI), and renew your cover year after year without a second thought, but there’s more to your PI cover than you might think. Because of the way Professional Indemnity policies operate, there are some aspects of the cover that are worth keeping in mind to ensure your policy is providing you with the protection you need.  Your cover shouldn’t end after you stop practising With most of your other insurances, the cover often isn’t needed anymore after you no longer have the asset. For example, you might cancel your car insurance after you sellRead More →

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