Risk Management

Managing Risks of Cyclones

What are Cyclones?

Each year the coastal regions of Queensland are at risk of being hit by cyclones between November and April.

Cyclones are strong winds rotating around a calm centre creating a violent storm. The winds can reach in excess of 200 km/h that can lead to extensive damage to property. An additional risk is then loose debris turning into dangerous missiles causing further damage.

Cyclones can also bring flooding rains even more damage to property.

Many cyclones also bring about storm surges, which is a rapid rise in sea level that moves inland very quickly. Storm surge can damage buildings and cut roads and bridges.

All these related events can lead to deaths. Most occur from drowning but many lives have also been lost due to collapsing buildings or flying debris.

 
How do I become prepared to cope with a cyclone?

Every person who lives in the cyclone-prone areas of Queensland must recognise that it is their responsibility to prepare for cyclone events.

Local, state and federal governments spend millions of dollars every year on disaster mitigation, response and recovery. However this is all worthless if people do not take proper precautions themselves.

This preparation involves having a plan for

  • before the Cyclone Season,
  • for when a Cyclone Watch or cyclone warning is given

 

Call for homes in cyclone path to be inspected

After the Storm - can Insurers save your Business?

Before and after Typhoon Haiyan in the Phillippines

  

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considered to be the definition of an infectious disease, they referred to the Quarantine Act of 1908 which since was superseded by the Biodiversity Act of 2015.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.

read more

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.

read more