Organise a CPR Presentation

CPR Insurance Services are able to provide a range of presentations on a number of important topics for business. We come to your office or your preferred location to present. We do this usually for no charge and for the contribution of education and knowledge to assist any group or business.

The subjects include:

  • Under-insurance – Whats the point?
  • Basic Risk Management – Thinking for your business.
  • Management Liability – risks to small to medium business
  • Association Liability – not for profit organisations are exposed
  • Directors & Officers Liability – Why do you need it
  • Professional Indemnity Insurance – number one protection
  • Liability Insurance – because it could be your fault

However, if there is a specific subject you would like presented to you, we are able to provide if it falls within our current expertise which is most areas of General Insurance.

Our core presentations are summarised as follows:

Underinsurance – What’s the point?

Under insurance of property or risk may be accidental or may be used to save money, but is it worth it?  What actually is it? Why do people under-insure? Why does it matter? The fact is, not insuring for the full indemnity or replacement value can be extremely costly, perhaps even wiping out a business. We go through different examples of areas of under-insurance, its impact and why Under Insurance should be avoided for any business.

Basic Risk Management – Thinking for your business

Managing Risks is an essential part of any modern business. Insurance is only one aspect of this (called Risk Transfer), but there are many other ways including:

  • Loss Control - minimising the risk as much as reasonably and financially possible
  • Risk Avoidance - not becoming involved with such risks at all.
  • Risk Financing - provisioning funds to manage potential risks
  • Risk Transfer - transferring the risk away contractually such as using risk carriers such as insurers,  or contractual conditions

We discuss the basics behind managing risk in a small business with some practical examples using these basic principals.

Management Liability – risks to small to medium businesses

If you run a small business, there are many exposures with simply managing it that you should be aware of and it is possible to have insurance protection for. Simply you have a duty of care owed to your employees, creditors, government agencies, competitors and shareholders. We discuss what these risks are and how you as a Director or Officer can be personally liable for various types of “wrongful acts” in simply trying to run a business.

Association Liability Insurance – not for profit organisations are exposed

Not for profit organisations have very similar exposures to Management Liability but instead there is no profit making incentive in the decisions Boards or Committees of Associations make. However they also owe a duty of care to many stakeholders. They are usually volunteers with their primary motivation to follow the vision of their Organisation but at the same time could risk losing their own home for making decisions on their behalf. They deserve protection for volunteering their time and yet risk being sued by a disgruntled member, or any other stakeholder.

We discuss why office bearers have this exposure and how there is a solution available with Insurance cover.

Directors & Officers Liability Insurance – Why do you need it?

Directors' and Officers' insurance compensates directors and officers for loss, including legal costs, where they have committed a 'wrongful act' while carrying out their role as managers of the corporate entity. Mainly taken by Public Corporations where their Directors understand the risks and insist upon the protection before accepting a Board position, it is still a subject of interest that can reviewed and discussed once again with this presentation.

 

Professional Indemnity Insurance – Number One Protection

The most important cover for a professional person is discussed here with a presentation from one of the most knowledgeable Insurance Brokers on the subject. Robert Cooper has long been regarded as an expert in Professional Indemnity Insurance and this presentation makes it simple to understand what can be a very confusing and complex cover. Understand why as a Professional you have a duty of care, traps and tips for policy holders, and why it is quite likely you do not have enough cover.

Liability Insurance – because it could be your fault

Liability cover encompasses a wide area. We mainly know about Public Liability and Products Liability, but don’t forget other liability covers such as Employment Practices Liability, Cyber Risk Liability, Management Liability, Professional Indemnity and Directors & Officers Liability. What is claims made insurance and why are some policies “loss occurring” policies? Why is a failure to take this cover a risk of bankruptcy to your business. What is vicarious liability?  Why are certain matters not covered? How much do I need to cover my business for?

We discuss all these issues in a simple and easy to understand format in a presentation catering for interactive discussion so that all your questions are answered.

 

So if you are looking for a presentation for your business or organisation, for 20 minutes, 30 minutes or up to 60 minutes, so that you can increase the knowledge of yourself or your colleagues, give us a call on 07 31231137 or 0439 530 910.

CPR Insurance – Experts who will save you!

  

Latest News

Ransomware a threat

You sit down at your computer to check your email. It is Christmas time and you are getting notes from many different delivery companies saying that a package was unable to be delivered to your home. Please click on the reply button (link) to advise where or when the parcel can be redelivered.

It looks authentic, you have no reason to believe that it simply advice about collecting yet another parcel in time for Christmas. The company named is well known and reputable. Admittedly the email address looks a little strange. However, you also know there are many new domain names and extensions now, You click on the reply button…

Before you know it, your computer has downloaded a version of “Crypto-locker”. Your first thought is that expensive Anti-Virus software should have picked it up, but they can only pick up viruses they know about. This brand new release of “Crypto-locker has locked up your screen and is demanded $1,000 worth of “Bitcoin”. What the hell is Bitcoin?

The fact is Australian businesses are increasingly at risk of attack by malicious ransomware software. Hackers have moved on from targetting government and banks, and are now going after small targets on a wide scale.

They are setting small amounts because small business works out that it is cheaper to pay the Ransom than hire an IT expert to fix up the problem.

Ransomware is software that infects a user's computer or network, locking access to files until a sum of money is paid. Crypto-locker is an example.

For now, Cyber Risk Insurance is available and if your Insurance Broker or Adviser has not yet discussed this with you, then contact us.

This is a real threat to your business, can affect your income and Brand reputation. Just like other Liability policies, you should not take the risk un-insured because it can wreck a business.

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Above-average cyclone season looms

Insurers should brace for an above-average cyclone season due to weakening La Nina conditions in the Pacific Ocean and warmer than average sea temperatures to the north and east, according to the Bureau of Meteorology.

The cyclone season begins next month and ends in April.

The bureau says Australia has a 67% chance of an above-average season, while the west has a 59% chance, the northwest 63%, the north 56% and the east 58%.

In neutral years the first tropical cyclone to make landfall typically occurs in late December, while in La Nina years it usually hits in the first week of December, the bureau says.

Insurance Council of Australia spokesman Campbell Fuller says even an average cyclone season – consisting of 11 events, four of which make landfall – can be devastating.

“An above-average year could bring many more than that, and each one has the potential to cause catastrophic damage if it crosses the coast in a heavily populated area,” he said.

As reported by insurancenews.com.au

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