Winter in Australia can bring its own set of challenges when it comes to unpredictable weather. While the cooler months can mean severe storms are less frequent and less severe, they do still occur. There are some simple seasonal tasks that can help protect your home and business and avoid potential insurance claims. Here are some practical tips from the AIB Claims team to prepare for winter and safeguard your property during the colder months.

1. Inspect and Maintain Your Roof

Your roof is your first line of defence against winter weather. Regularly check for damaged or missing tiles, shingles or metal sheets. Ensure gutters and downpipes are clear of debris to prevent water buildup and leaks. It’s also wise to inspect attic insulation to avoid heat loss and condensation issues.

2. Service Heating Systems

Properly maintained heating systems are crucial for keeping your home or business warm and safe. Schedule regular maintenance for your heaters and chimneys to ensure they are working efficiently and safely. This also helps in preventing potential fire hazards caused by faulty heating equipment.

3. Secure Fences, Windows and Doors

Strong winds can cause significant damage to fences, windows and doors. Now is a great time to inspect them and ensure they are in good condition and properly sealed. Install storm shutters or use protective films to reduce the risk of glass breakage. Regularly check for any drafts and fix them to keep the cold air out and the warm air in.

4. Trim Trees and Remove Debris

Overgrown trees and loose branches can pose a significant threat during winter storms. Trim trees and remove any dead or weak branches that could fall and cause damage. Clear your yard of loose items that could become projectiles in strong winds, reducing the risk of damage to your property and surrounding areas.

5. Check Your Insurance Coverage

Review your home and business insurance policies to ensure you have adequate coverage for winter-related incidents. Understand what is covered under your policy and consider adding additional coverage if necessary. Knowing your coverage limits can provide peace of mind and help you prepare for potential claims.

6. Emergency Preparedness Plan

Create an emergency preparedness plan for your home or business. This should include emergency contact numbers, evacuation routes and a checklist of essential items. Ensure all family members or employees are familiar with the plan and conduct regular drills to stay prepared.

By taking these preventive measures, you can protect your home and business from potential winter damage and reduce the likelihood of insurance claims. At AIB, we’re here to help you stay safe and secure throughout the winter months. If you have any questions about your coverage or need assistance, don’t hesitate to contact us.

For more information and personalised advice, contact the AIB team for a quote or call us at 07 5409 4600

As the insurance market continues to harden, the significance of delivering efficient quotation submissions to underwriters and insurers has never been more pronounced. Streamlining this process is paramount to enable underwriters and insurers to thoroughly and accurately review the risks involved, ultimately securing appropriate cover for your clients.

In today’s challenging market environment, where premiums are rising and capacity is tightening, prioritsing efficiency and providing clear, comprehensive quotation submissions not only expedites the assessment process but also enhances the likelihood of obtaining favourable terms and coverage for your clients.

AIB takes immense pride in its reputation for proficiency and swift response times. With a dedicated team committed to delivering exceptional service, we prioritise promptness in addressing broker inquiries, processing quote submissions, and providing timely assistance at every stage of the insurance journey. By consistently striving for excellence in our operations, we aim to exceed expectations and cultivate enduring partnerships built on trust, reliability, and superior service delivery. We’ve put together a guide for brokers to help us achieve the best outcomes for you and your clients.

1. Understanding the Quote Submission Process:

2. Preferred Methods of Quote Submission:

3. Essential Information for Efficient Quoting:

4. Tips for Effective Communication:

5. Leveraging Technology to Streamline Quoting:

6. Best Practices for Quote Follow-Up:

To streamline quoting and elevate client service, brokers must prioritise accuracy, utilise email submissions for convenience, communicate effectively with underwriters, leverage technology updates, and adhere to best practices for follow-up. Implementing these strategies not only enhances efficiency but also ensures client satisfaction. Therefore, it’s essential for brokers to adopt these tips and strategies to deliver superior service and achieve optimal outcomes for their clients.

There’s a lot to like about working for yourself, including freedom and flexibility. But it’s not without its risks. Insurance for freelancers can be a safety net should things go wrong and without the right insurance cover your income and personal assets could be at risk.

In a worst-case scenario, you could be forced to sell your home or other assets you’ve worked hard to amass.

There are many different ways to freelance in many different industries. Some options include writing, graphic designing, web development, marketing and virtual assistant.

Each job will have different risks and insurance requirements. So, it’s important to speak with an insurance broker and tailor your insurance program to your field.

But when it comes to insurance for freelancers there are some common insurance policies freelancers typically take out, so let’s take a look at what they are.

Professional Indemnity

If a client believes they’ve suffered a financial loss due to advice or services you’ve provided or failed to provide, they may decide to seek compensation from you.

Professional Indemnity insurance is there to help protect you if this occurs. It can cover the cost of your legal defence and any settlements you may have to pay to the other party up to your policy limit.

“Irrespective of the merits of the claim, having a client take legal action against you can be stressful and time-consuming,” Steadfast Broker Support Manager John Clark says. “It’s also very expensive. PI cover can help you protect your assets and reputation.”

Public Liability

All business owners are legally required to take reasonable steps to ensure the safety of their customers, staff, suppliers and members of the public. The same applies to freelancers.

Public liability insurance may protect you against legal action from individuals or organisations that claim to have suffered an injury or property damage, in the event you are held liable.

“If you’re working with clients face-to-face, in their homes or premises or in public spaces, this is essential cover,” Clark says. “Public liability claims can be protracted and very costly, and having to pay someone out could potentially be ruinous for a sole trader.”

Income protection

As a freelancer, your income depends on your ability to work. If you’re unable to do so for an extended period of time as a result of illness or injury, you may end up having financial difficulties.

Income protection insurance is a safety net that can help keep you afloat until you’re able to resume operations. Depending on the type and level of cover you choose, you may be able to receive up to 70 per cent of your regular income in monthly payments for the duration of the benefit period in the event of a successful claim.

“As a freelancer, you don’t have sick leave or access to workers compensation insurance, and unless you have significant reserves, being off work can lead to significant hardship,” Clark says.

“Income protection insurance can give you the opportunity to recover without that added financial pressure.”

Business equipment

Whether they consist simply of a desk, laptop and phone or valuable specialist equipment, it’s impossible to work without your tools of trade.

Business and portable equipment insurance may provide protection against loss from damage or theft when you’re working from your home or office, at a client site, or when you’re on the move.

Securing the best cover for yourself

When you’re working for yourself, safeguarding your operations, income and assets is vital. An AIB insurance broker can help you evaluate your requirements and source affordable insurance policies that are the right fit for your risk profile. To get started, contact us today.

Important notice

This article is of a general nature only and does not take into account your specific objectives, financial situation or needs. It is also not financial advice, nor complete, so please discuss the full details with your AIB insurance broker as to whether these types of insurance are appropriate for you. Deductibles, exclusions and limits apply. You should consider any relevant Target Market Determination and Product Disclosure Statement in deciding whether to buy or renew these types of insurance. Various insurers issue these types of insurance and cover can differ between insurers.

Steadfast Group Ltd ACN 073 659 677