Several banks face action from ASIC over add-on insurances that have “failed customers”

The financial regulator is threatening action against lenders including the major banks over the sale of add-on loan and credit card insurance (CCI) that “has consistently failed consumers”. An Australian Securities and Investments Commission (ASIC) report released today found that consumer credit insurance represented extremely poor value for money and was regularly mis-sold. ASIC’s report… Continue reading Several banks face action from ASIC over add-on insurances that have “failed customers”

Small Business Insurance for Convenience Stores

If you own, or are planning to open, a convenience store, then you’ll be glad to know that you’re entering a thriving industry. Australia’s convenience store industry is one of the strongest in the world, with growth outpacing grocery, pharmacy, and liquor – making owning a convenience outlet a more attractive proposition than ever. But as… Continue reading Small Business Insurance for Convenience Stores

4 most important types of insurance for carpenters

If you’re a carpenter, you probably work for yourself. If you’re like most carpenters, you do much of your work onsite for a builder. As well as this, you may do small projects for individual customers on the side. Since you work for yourself, you own and are responsible for the most important assets you… Continue reading 4 most important types of insurance for carpenters

Small business insurance for hairdressers

You’ve done the hard yards washing hair, booking appointments, and sweeping floors. Now it’s finally time to work for yourself. As a hairdresser, there’s plenty of opportunity to grow your own business, from renting a chair, to opening your own salon. Just as important as growing your business however, is protecting it. In this article,… Continue reading Small business insurance for hairdressers

Small business insurance: what do you need?

Most people dread having to make a call to their health insurance provider or their car insurance agent. For small business owners, navigating the realm of business insurance can be even more daunting–but it doesn’t have to be. Armed with some basic information, you can confidently make the best insurance choices for your small business.… Continue reading Small business insurance: what do you need?

Keeping it local: Aussie small businesses that are making their mark

Allianz Australia took some time to speak with a couple of Aussie businesses that are ‘doing it for themselves’. The owner-operators of Naturally Gifted spoke with us about what it’s like running a micro-business. Businesses that choose to create and provide locally made or locally sold products and services continue to shape not only the… Continue reading Keeping it local: Aussie small businesses that are making their mark

Are you under-insured, over-insured, or just plain insured?

Australia is one of the most underinsured nations in the developed world in terms of Personal Insurance, and sadly, many small business owners are not much better when it comes to insuring themselves and their businesses.