New active cyber insurance launched by Coalition in Australia

Cyber Insurance - Australian Flag

Allianz Australia is providing the capacity for this new business solution for digital protection. Coalition, a company that defines itself as the first provider of Active Insurance in the world, has announced the launch of its new cyber insurance solutions in Australia. The solutions are composed of a suite of digital risk products that complement its prevention services. The cyber insurance product is more than simply a transfer of risk. It is differentiating itself by working with organizations so that they will better understand their own risk profiles. This will…

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7 Types Of Insurance Needed For Farming

farming equipment insurance

Owning and running a farm comes with several different risks, from damage to machinery, buildings, or vehicles to public liability claims, to the loss of livestock, etc. Having a farm insurance policy in place can help protect you financially from most of these risks and ensure that your business keeps running smoothly. Here are the seven different types of insurance needed for farming Farm Liability Insurance Farm liability insurance is a type of general liability insurance that covers claims against your farm concerning property damage and bodily injury primarily. If…

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Ukraine cargo insurance stopped as Russia abandons grain agreement

Cargo insurance - Stop

Coverage is no longer being offered for shipments from the country as Russia quit the UN-backed deal. A cargo insurance company providing Ukraine grain shipment coverage through a safe sea corridor has now been suspended following Russia’s exit from the agreement backed by the United Nations, according to broker Marsh. Moscow announced that it was stepping away from the grain deal that was established a year ago. The grain deal was made between Russia and the United Nations to help reduce the risk of creating hunger around the world by…

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Insurance For Builders: Everything you Need to Know

the importance of contractors insurance

Builders and property owners can face massive monetary losses if things go wrong during construction and they don’t have the relevant insurance.  Builder’s risk insurance and Contractors’ All Risks (CAR) Insurance are insurance policies that cover construction project risks. This piece covers both in detail, so read on for more information.  Builder’s Risk Insurance Builder’s risk insurance covers construction materials and property. New projects and renovation work both qualify for this policy.  The insurance covers property under construction from events like vandalism, fire, etc. Construction projects fall into two categories…

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Firearm policy removed by two Iowa schools risking insurance policy loss

Insurance policy - Gun policy

The schools have reversed their plan to let staff members carry firearms as they would have lost coverage. Two schools in Iowa had planned to let their staff members carry firearms but have now reversed that decision because they risked losing their insurance policy. Letters have been sent to the parents of the students in the schools explaining the reversal to parents. The Spirit Lake and Cherokee Community School Districts issued letters to the parents of their students explaining why they have decided not to follow through with their original…

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