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Insurance News
Year: Month:

ICA Advocates for Reforms to Alleviate Rising Small Business Insurance Costs ICA Advocates for Reforms to Alleviate Rising Small Business Insurance Costs
23 May 2026: Paige Estritori

The Insurance Council of Australia (ICA) has raised concerns over the escalating insurance premiums faced by small businesses, attributing the increases to outdated liability laws, rising legal costs, and regulatory burdens. In a submission to the Parliamentary Joint Committee's inquiry into small business insurance, the ICA outlined a series of proposed reforms aimed at mitigating these cost pressures. - read more
Perth Hospitality Sector Reviews Insurance Strategies in Response to Rising Costs Perth Hospitality Sector Reviews Insurance Strategies in Response to Rising Costs
23 May 2026: Paige Estritori

Hospitality businesses in Perth are increasingly reviewing their insurance policies to manage rising operational costs and ensure comprehensive coverage. Factors such as escalating wages, tighter profit margins, and complex compliance requirements have prompted venues like bars, restaurants, cafés, and nightclubs to scrutinize their insurance arrangements more closely. - read more
Ocean Underwriting's New Complex Liability Insurance for High-Risk Occupations Ocean Underwriting's New Complex Liability Insurance for High-Risk Occupations
15 May 2026: Paige Estritori

Ocean Underwriting has recently unveiled a specialised liability insurance product designed to cater to complex or hard-to-place risks associated with high-hazard occupations. This initiative aims to provide tailored solutions for businesses facing unique exposures that standard insurance policies may not adequately cover. - read more
Steadfast Group's Strategic Acquisition in Food Industry Insurance Steadfast Group's Strategic Acquisition in Food Industry Insurance
15 May 2026: Paige Estritori

In March 2026, Steadfast Group, a prominent insurance brokerage network, announced its acquisition of a controlling interest in Victual Risk & Insurance and its sister company, @ Risk Underwriting. This strategic move aims to bolster Steadfast's capabilities in providing specialised insurance solutions tailored for the food and beverage industry. - read more
Sompo International's Strategic Expansion in the Australian Insurance Market Sompo International's Strategic Expansion in the Australian Insurance Market
15 May 2026: Paige Estritori

In April 2026, Sompo International, a subsidiary of Japan's Sompo Holdings, announced a significant expansion of its Australian operations by recruiting a team of specialists from Everest Group's local arm. This strategic move aims to enhance Sompo's presence in the Australian insurance market, particularly in specialty products. - read more
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Restaurant Insurance Articles

Navigating the Insurance Landscape: Financial Strategies for Restaurant Owners
Navigating the Insurance Landscape: Financial Strategies for Restaurant Owners
In the bustling world of hospitality, restaurant owners face a unique set of challenges that can impact their financial stability. From unexpected kitchen mishaps to customer accidents, understanding the unique risks in the hospitality industry is crucial. These risks can lead to significant financial burdens if not properly managed. - read more
The Role of Staff Training in Reducing Liability Risks in Your Restaurant
The Role of Staff Training in Reducing Liability Risks in Your Restaurant
Running a restaurant involves navigating a myriad of potential liabilities. From food safety issues to customer injuries on premises, the risks are numerous. In recent years, liability concerns have become even more pressing in the restaurant industry, as businesses face strict regulations and the potential for costly litigation. - read more
How to Choose the Right Insurance Coverage for Your Restaurant Business
How to Choose the Right Insurance Coverage for Your Restaurant Business
Running a restaurant in Australia is both exciting and challenging. From crafting delightful dishes to ensuring an excellent dining experience, restaurant owners juggle multiple responsibilities daily. Amidst all these, securing adequate insurance coverage often takes a backseat, though it's crucial for the health of the business. - read more
Finding the Right Insurance Partner: A Guide for Australian Restaurants
Finding the Right Insurance Partner: A Guide for Australian Restaurants
Running a restaurant in Australia comes with its own set of unique challenges and risks. From busy kitchens to bustling dining areas, every corner of your establishment holds potential liability issues. Understanding these risks and how they can affect your business is crucial for safeguarding your investment. - read more
How Your Claims History Affects Insurance Premiums for Restaurants
How Your Claims History Affects Insurance Premiums for Restaurants
Running a restaurant in Australia comes with its own set of challenges, particularly when it comes to navigating legal risks. For restaurant owners, understanding these risks is crucial in safeguarding their businesses from potential financial hardships. - read more

Knowledgebase
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A formal request made by the policyholder to the insurance company for payment of a loss covered by the insurance policy.

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