Risk Management

Alarm systems can be beneficial for security

Alarms: Worth considering, worth the cost

  • An alarm system should be a priority for a business premise. It provides peace of mind to business owners, especially outside business hours.
  • There are now a wide variety of alarm systems on the market to suit any situation and any budget.
  • Systems have become more efficient and reliable utilising the latest technology.
  • A great system that is available are the Navigator Systems from NES Corporation. Andrew Reilly from Wire-Not Electrical can obtain and install this system at a very good price if you live in Brisbane. His telephone number is 07 36330118 and email address is andrew@wire-not.com.auand his web site is www.wire-not.com.au     For additional information about these alarms Read more here.
  • If you have an alarm system, use it! Activate your alarm system — Alarm systems are only useful when you remember to activate them.
  •  Many individuals have alarm systems but do not arm them because it is inconvenient. Some burglars know this and will not be deterred by a window sticker or sign indicating that the home has an alarm system. Besides, many insurers will have clauses where they will limit or void cover if a burglary occurs but the alarm is not activated.
  • A common question is "Will it discount my premiums?" The answer is yes but not usually that significantly. What it will do though is limit the extent of any loss so for a Burglary sub limit, this can be chosen for a lower amount. Preventing a loss can also save you on the excess payable on insurance claims.
  • Burglary risks are expensive to insure. Repeated claims in this area can result in insurers refusing to even cover you for this event.
  • We also have a community duty to reduce theft, burglary and break ins. So an alarm system, even combined with a camera system can lead to a reduction in crime as the perpetrators are more likely to be caught and dealt with, backed with clear evidence.
  • So make your business premises more secure. It may save you!

Latest News

High Court dismisses Business Interruption Test Case

Today the High Court dismissed appeal by Insurers on the Business Interruption test case. Even the big insurers make silly mistakes! But you the policy holder may benefit if you were one of the 40% of Business Pack policy holders that added Business Interruption cover to their Business Pack. While it was never the intent of insurers to cover policyholders for the loss of income from a pandemic, the fact that insurers never factored in a risk premium for it, and the fact there is supposed to be a material or physical loss to trigger the Business Interruption section, none of that matters according to the highest Court in the land. So what was the mistake? Simply that when insurers defined what they considered to be the definition of an infectious disease, they referred to the Quarantine Act of 1908 which since was superseded by the Biodiversity Act of 2015. Because the Quarantine Act of 1908 no longer exists, apparently you cannot draw on this for a definition of an infectious disease? Not one of the insurers picked up on this! Shows how much interest we take on the business of Governments, except what is reported in the media.

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Three Years running - Insurance Brokerage of the Year 1 to 5 staff

Mandy and Robert Cooper were extremely honoured and astounded to once again win, Insurance Brokerage of the Year for 2020 from Insurance Business Australia magazine. This is the third year running.

While this year has not been the easiest of years for the business with Covid 19, the Recession, the hard market and issues at Lloyds of London, we are literally all in this together as an Insurance Industry.

CPR Insurance Services continues to make our clients the number one focus of our business while managing our relationships with Insurers, who we need more than ever in this market climate.

CPR Insurance Services are a highly ethical Brokerage with a reputation as a trusted advisor who always acts in the Client's best interests. Their experience, knowledge and expertise is amongst the highest in the industry.

CPR Insurance Services is now ten years old as a business and is proud of being an Authorised Representative of Ausure and their partnership with Steadfast, giving CPR the strength and backing to match it with any Broking firm in the Insurance Industry, but remain focussed on supporting the Small to Medium business segment.

Memberships of the National Insurance Brokers Association, Australia and New Zealand Institute of Insurance and Finance, Australian Insurance Law Association, Australian Professional Indemnity Group and the Australian Institute of Company Directors, ensures CPR Insurance Services maintains the high standard of knowledge and expertise required to be one of the best Brokerages in Australia.

CPR Insurance Services also plays a strong role in their local community supporting other Sporting Clubs and Community organisations. They also support and promote local businesses with their operation of the Kedron Brook Business Group who meet regularly and has 174 members.

We are truly honoured to receive this National award once again for the third year as a recognition of CPR Insurance Services contribution.

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