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Businesses in the sports and leisure sectors now have access to enhanced digital safeguards.
Sportscover Australia, in collaboration with Beazley, has rolled out a comprehensive cyber breach response insurance designed specifically for this industry.
In this rapidly evolving digital age, sports clubs and related bodies are increasingly vulnerable to cyber threats, including the potential compromise of personal data, which can lead to financial, legal, and reputational harm. Chris Nash, the Managing Director of Sportscover Australia, emphasizes the critical nature of this new protection.
"Today’s digital landscape leaves no room for complacency," Nash explains. "Sports and leisure businesses need to seriously consider robust cyber protection as part of their risk management strategy."
This cyber policy aims to provide a complete solution for data protection and security risk management. The introduction of this insurance product signals a significant step towards safeguarding the private information of individuals involved in these sectors and ensuring organizational resilience against cyber incidents.
Aside from its latest cyber policy, Sportscover Australia, which operates offices in Melbourne, Sydney, and Brisbane, already underwrites a variety of other products. These include:
Personal accident coverage
Contingency insurance
Liability insurance
Travel insurance
Legal expense coverage
This development highlights the necessity for all organizations, regardless of size, to adopt strong cyber defenses in today's interconnected world. With the growing digital footprint of sports clubs and leisure entities, this proactive step from Sportscover could very well be a game-changer for safeguarding against cyber risks.
Insurtech Australia has officially announced the upcoming InsurtechLIVE26 conference, scheduled for 18 February 2026 at Doltone House Jones Bay Wharf in Sydney. This event is poised to be a pivotal gathering for professionals in the insurance and technology sectors, aiming to explore and advance innovation within the industry. - read more
Insurance Australia Group (IAG), a leading insurer in the Australian market, has highlighted the escalating impact of climate change on home insurance premiums. The company reports that the increasing frequency and severity of weather events are significant factors driving up the cost of home insurance for Australians. - read more
The Insurance Council of Australia (ICA) has recently released a white paper highlighting the urgent need for reforms to state and territory civil liability laws, which have remained largely unchanged for nearly 25 years. These outdated laws are contributing to significant increases in public liability insurance premiums, affecting a wide range of businesses across the nation. - read more
The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years. According to the data, premiums have risen by 40% since 2015, a rate that surpasses general inflation and places additional financial strain on businesses across the country. - read more
Sydney-based insurtech company Upcover has launched a new management liability insurance product designed specifically for small and medium-sized enterprises (SMEs) and sole traders across Australia. This offering aims to provide comprehensive protection against a range of risks, including employment disputes, official investigations, tax audits, financial crimes, statutory liabilities, and allegations of legal breaches. - read more
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Businesses across New South Wales are grappling with escalating insurance premiums, with many reporting significant increases over the past year. A survey conducted by Business NSW revealed that 64% of its members are not fully insured against catastrophes, and nearly 80% have experienced double-digit rate hikes. Alarmingly, one in three businesses reported premium increases exceeding 30%. - read more
A recent ruling by the Australian Financial Complaints Authority (AFCA) has denied a supermarket's claim for $230,000 in compensation from insurance broker Gallagher. The supermarket alleged that Gallagher's mishandling of its liability insurance led to a significant increase in premiums and a nearly five-month gap in coverage during 2023. - read more
In a significant move towards greater transparency, the Strata Community Association New South Wales (SCA NSW) has announced that, starting January 1, 2026, its members will phase out the acceptance of insurance commissions in their management contracts. This shift aims to replace traditional commission-based remuneration with a clear fee-for-service model, aligning with evolving industry standards and consumer expectations. - read more
High-end strata properties in Australia are currently facing significant challenges in securing adequate insurance coverage, as the market grapples with capacity constraints. This issue is particularly pronounced for buildings with property values exceeding $300 million, where limited insurer participation is leading to coverage shortfalls and increased premiums. - read more
As the backbone of Australian agriculture, farm equipment plays an essential role in day-to-day operations across our expansive and diverse landscapes. From the vast wheat belts to the tropical fruit farms, machinery ensures efficiency and productivity in the face of constant challenges. But with reliance on such equipment comes significant risk—the financial burden of damage or loss can be devastating to a farmer's livelihood. - read more
For Australian farmers, livestock is more than just a vital asset; it's the heartbeat of their livelihood. In a land where the sunburnt plains are as relentless as they are beautiful, protecting your herd isn't just a duty; it's a necessity. That's where livestock insurance comes into play—a shield against the unpredictability of Mother Nature. - read more
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Crop insurance is a type of insurance policy designed to protect farmers from the financial losses that arise from damages to their crops. This could be due to various risks, including adverse weather conditions, pests, and diseases. - read more
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Farming in Australia is not just a job, it's a way of life. However, it’s also a livelihood that comes with its own unique set of risks. From unexpected weather events to machinery breakdowns, the life of an Australian farmer is fraught with uncertainties. - read more
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In the dynamic world of Australian agriculture, farm equipment plays a crucial role in the day-to-day operations of farms. From tractors to harvesters, having the right machinery means managing your farm more efficiently. However, the high value of this equipment makes it essential to protect it adequately through insurance. - read more
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Actuary: A professional who analyzes the financial costs of risk and uncertainty using mathematics, statistics, and financial theory.