Cornerstone Risk Group

An inquiry by the Insurance Brokers Code Compliance Committee has found that many insurance brokers had embraced their position as an intermediary between client and insurer, often going ‘above and beyond’ to get good outcomes for clients in 2020. NIBA CEO, Philip Kewin said, “The report reinforces the value brokers bring to their clients… the findings demonstrate that brokers were able to adapt and stay in close communication with their clients.”

Brokers show true value in challenging times according to IBCCC report | NIBA - National Insurance Brokers Association Peruse forthcoming events, register for NIBA's annual Convention or access on-demand webinars from anywhere in Australia.

The number of cyber-criminals targeting real estate transactions is growing, according to Dell SecureWorks Counter Threat Unit Research Team. All property developers – from those developing a house to those in charge of major retail and factory developments – should take out some kind of insurance. Read our guide to find out more information about the key risks for property developers and what types of insurance you can take out.

We’ve moved offices! Cornerstone Risk Group is now located at Waterfront Place - Suite 5, Level 4, 1 Eagle St, Brisbane Qld 4000.

Did you know an estimated 83% of households are underinsured when it comes to home and contents insurance? If you’ve had the same insurance policy in place for a while, it’s likely that your policy needs revising to ensure that you’re fully protected.

Like any market, the business insurance market experiences different cycles that can affect pricing and how easy it is to get cover. Depending on the stage of the cycle we're in, this can mean more risk and higher premiums for you. We take the hard work out of getting the most suitable cover - at a competitive price. We have access to local and international markets, provide expert advice and have negotiating power to help get you the best possible terms. Find out more below.

Do you know what a business continuity plan is, and whether your business needs one? Find out how you can help your business thrive in the future.

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What can you expect from a Cornerstone Risk broker? We carry out a needs analysis to determine what cover is best for you, place the cover, regularly review it afterwards to make sure it is still suitable, and assist with renewal. If you ever have to make a claim we support you through the entire process to make it as stress free as possible.

What are the top global business risks of 2022? Could they affect you? Read the article below to find out the top 10, and some ways to potentially minimise the risks.

The top global business risks of 2022. Could they affect you? - Resilium Insurance Broking Pty Ltd In the recently released Allianz Risk Barometer report, Cyber tops the list, for the second time in the survey’s history, as the greatest concern for companies in the year ahead.

Research has shown that cyber criminals have seen the increase in people working from home as an opportunity to wreak virtual havoc, as evidenced by the fact that cyber attacks have increased by a staggering 125% in the last year alone. The article below provides information about what work from home employees can do to be better prepared for a cyber attack, and some of the most common attacks to be aware of.

Working from home – what are the risks? - Resilium Insurance Broking Pty Ltd While working from home (WFH) has resulted in some positive outcomes for businesses with some reporting a 25% increase in productivity, on the downside, cybercriminals are using it as an opportunity to wreak virtual havoc, evidenced by the fact that Cyber attacks have increased by a staggering 125 p...

Aviation insurance can cover all aircraft, including airlines and private planes, pilots, refuellers, operators of hangars and baggage handlers. With the right aviation insurance, your business can be covered for risks such as aircraft damage, third party, passenger injury or third party property damage claims. Learn more below.

Without the right insurance coverage, engaging sub-contractors and or hired labour can potentially expose your business to worker to worker claims, which in turn could have serious financial and reputational consequences for you and your business. Read the article below to find out more about worker to worker liability and how you can protect your business.

Insurance coverage with 'Worker to Worker' claims - Resilium Insurance Broking Pty Ltd Without the right insurance, engaging Sub-Contractors and or Hired labour can potentially expose businesses to Worker to Worker claims.

Do you know the difference between public liability and professional indemnity insurance? Learn how they are different, and why you might need either insurance cover, in the article below.

Public Liability vs Professional Indemnity Insurance? - Resilium Insurance Broking Pty Ltd Most business owners need public liability insurance to operate but what about professional indemnity insurance? Some people can be confused by the differences between the two, so we explain how they are different and why a business would need either insurance cover.

Businesses that don’t review their insurance cover annually when they make internal changes risk being underinsured and out of pocket when it comes time to claim. An annual review, such as at the start of the year, is a valuable habit to form. Read our checklist for a guide of what to look out for.

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Can your insurance weather the storm? Extreme weather events are becoming more and more prevalent in Australia and one thing we can count on is that our weather conditions are anything but predictable. As a result, it pays to review your insurance coverage regularly and make sure you are sufficiently insured for the consequences of wild weather. Learn more in the article below.

Can your insurance weather the storm? - Resilium Insurance Broking Pty Ltd The start of 2021 saw plagues of extreme weather descend on Australia, with destructive hail, dust storms and flooding. The summer before that was marked by bushfires which began earlier than usual, while 2022 has begun with severe rain, floods and cyclones.

Merry Christmas from the team at Cornerstone Risk Group! We will be available as usual throughout Christmas and New Year, so if you have any insurance needs please contact us. We wish you a safe and relaxing break!

Check out our tips to minimise and manage the risks involved in your work Christmas function. They’re your guide to a risk assessment and they won’t turn you into the Christmas Grinch, we promise!

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What can you expect from a Cornerstone Risk broker? We carry out a needs analysis to determine what cover is best for you, place the cover, regularly review it afterwards to make sure it is still suitable, and assist with renewal. If you ever have to make a claim we support you through the entire process to make it as stress free as possible.

We are honoured to have received Resilium Aspire Program Gold status for the fourth consecutive year! This status is for continued results year on year, and we thank all of our team for their amazing effort in the last year.

On October 11, the Australian Bureau of Meteorology released its outlook, upgrading the current weather conditions from La Niña ‘watch’ to La Niña ‘alert’. What this new alert status means is that the chance of a La Niña forming in the next few months has increased from 50% in September to 70%. Learn more about the characteristics of La Niña and what you can do to be prepared and minimise risks.

La Nina alert – prepare and plan for wild weather this summer - Resilium Insurance Broking Pty Ltd It's time to get prepared for storm season and have a plan to minimise risks this summer.

The construction industry is as diverse as the risks they face. The industry spans residential and non-residential construction, renovations and extensions, site preparation, land development, building structure services, installation services, and heavy and civil engineering. There are many risks to manage, and below are five insurance policies that are popular with construction companies. This article originally appeared in our monthly email newsletter - to subscribe please email [email protected]

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Welcome Emily Leggat, the newest member of the Cornerstone Risk Group team! Emily's role is Assistant Account Executive. She has previously worked in a variety of industries including medical reception, retail, coaching and in a law firm. Emily grew up in a small town outside of Toowoomba called Meringandan, and recently moved to Brisbane for a new experience!

She loves all sports, but her main sporting passion is rugby union. Emily has played for a total of eight teams within Queensland and South Australia, two of which were representative sides. She has also coached ages 6-18 in her first few years out of high school.

We are hiring! We are seeking an experienced Account Manager (full time) to join our growing team based in the Brisbane CBD. The ideal candidate will come from an Insurance Broking background into this position as an Account Manager where they will work on an existing portfolio of Commercial/SME clients. For more information and to apply view the link below.

The Australian Bureau of Meteorology has released its outlook for the east coast of Australia, upgrading the current weather conditions from La Niña ‘watch’ to La Niña ‘alert’. What this new alert status means is that the chance of a La Niña forming in the next few months has increased from 50% in September to 70%. Read the article below for tips on what you can do to be prepared and minimise risks, both at home and in your business.

La Nina alert – prepare and plan for wild weather this summer - Resilium Insurance Broking Pty Ltd It's time to get prepared for storm season and have a plan to minimise risks this summer.

When you suffer an insurable event, the way you approach the claim from the start can make a huge difference in terms of how quickly the claim is processed and whether it’s approved. The article below shows examples of what not to do, and tips for a successful insurance claim.

Tips for a successful insurance claim When you suffer an insurable event, the way you approach the claim from the start can make a huge difference in terms of how quickly the claim is processed.

If a business is not adequately covered with Management Liability Insurance, its Directors and Managers could be at risk of losing not just their business, but also their personal assets as well. A Management Liability policy can protect against legal fees, investigation costs, civil fines and penalties, damages and claimant costs awarded against you, and representation costs where you are legally required to attend an inquiry or investigation regarding company affairs. Read the article below for more information.

Management Liability insurance - who needs it and why. - Resilium Insurance Broking Pty Ltd Management Liability insurance, which can cover the cost of investigating, defending and settling claims by a third party, is a key business insurance.

Did you know intellectual property theft, interruption of operations and direct theft of funds are three of the biggest cyber risks facing manufacturers? Cyber insurance is growing in importance for the manufacturing industry as hackers pose a risk to both the smooth functioning of your systems and machinery as well as your confidential business data. Workers compensation and product recall are also major risks for the industry. Find out more about what insurance you should take out, and what it can cover, in the fact sheet below.

Underinsurance is increasingly becoming a significant business risk for so many Australian companies. If you answer ‘yes’ to any of these points then you are likely to be underinsured.

1. Your insurance cover isn’t updated with changed circumstances.
2. Your ‘sum insured’ is not enough to cover losses.
3. Your coverage is limited to your business premises only.

Don’t get caught out by being underinsured. - Resilium Insurance Broking Pty Ltd Underinsurance is having an insurance policy without enough ‘sum insured’ factored in to cover all potential losses. Are you insured enough?