Prospectus Liability Insurance Explained

On May 18, 2018

With the steady flow of IPO’s and RTO’s on the ASX, it is understandable that we have recently seen an influx of questions concerning Directors’ and Officers’ (D&O) insurance; those involved want to be educated on how this insurance works. Standing out among the rest has been one topic in particular – Prospectus Liability. This […]

How unoccupied / vacant commercial property insurance can protect your investment

On April 9, 2018

Whether you’re a developer, property manager or owner, you’ll know how important it is to safeguard your commercial property with the right insurance – particularly if it’s a property that has been left vacant for an extended period of time. Vacant commercial property insurance is becoming increasingly common, more so in WA with the downturn […]

KBI Strata Insurance Update

On November 23, 2017

Preventing Catastrophe from the Outset The importance of loss prevention has been highlighted by recent worldwide disasters. Such events like the Grenfell Tower fire in London, the Torch Tower fire in Dubai, and the Lacrosse Building situation in Melbourne were all devastating results that could have been avoided, were it not for the use of […]

D&O Insurance Premiums on the Rise

On November 23, 2017

Are D&O Premiums in Australia really set to increase by over 300% over the next 12 months? XL Catlin’s most recent white paper; “Show me the money!” examines the assumption that Directors & Officers premiums will, on average, be forced to increase 3.5 times to become profitable again. Why is this the case? The primary reason […]

Bribery, Corruption and Directors’ Duties

On September 12, 2017

The Australian Government, known to be a lenient jurisdiction on foreign bribery governance, is posed to implement various changes intended to combat foreign bribery and mitigate local corporate corruption. Among the many changes in the works, the government is suggesting the implementation and broadening of corporate offences with regards to prevention and intention, to give law enforcement agencies […]

Australian Terrorism Insurance Scheme: Important Changes

On September 12, 2017

Detailed below are the changes ARPC are making to the Australian Terrorism Insurance Scheme, regarding high value mixed use & commercial strata properties. DETAILS The Australian Reinsurance Pool Corporation (ARPC) is responsible for collecting a terrorism levy for commercial buildings under the Terrorism Insurance Act 2003. Recently the ARPC changed how they define a commercial […]

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