Tony Insurance

The men's health charity, Movember, found that 38% of men do not talk to others about their feelings. This pressure to repress emotions can have a negative impact on mental health.

Mental health symptoms for men can also often appear as physical issues, such as a tightening chest or digestive problems. According to the National Institute of Mental Health, women often seem sad or express sadness when they are depressed, whereas men tend to appear angry, irritable, or aggressive.

Contact us to arrange a quote for Income Protection which includes cover for mental health; https://tonyinsurance.com.au/

AIA Health is offering a 6-week premium refund on eligible combined Hospital and Extras Health insurance policies (T&C apply).
Contact us to arrange a quote; https://tonyinsurance.com.au/insurance-categories/

“The accident and fatal accident rates for general and recreational aviation reflect the higher-risk operational activity when compared to air transport operations. They also reflect the significant growth in recreational aviation activity over the last ten years.” - The Australian Safety Transport Bureau, 2018
What is ?
While the has stringent safety standards, flying carries some serious risks – both on land and in the air. So whether you’re a private pilot or you fly as part of an airline, it’s important to protect your business with aviation insurance.
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.

Who should consider it?
Aviation insurance can cover all aircraft, including airlines and private planes, pilots, refuellers, operators of hangars and baggage handlers.
Whether you fly for a living or for pleasure, you should consider the protection offered by aviation insurance.

Insurance through super - A financial safety net through your super
Insurance on inactive super accounts
"Most super funds offer life, total and permanent disability (TPD) and income protection insurance for their members.

Under the law, super funds will cancel insurance on inactive super accounts that haven’t received contributions for at least 16 months. In addition, super funds may have their own rules that require the cancellation of insurance on super accounts where balances are too low.
Your super fund will contact you if your insurance is about to end.
If you want to keep your insurance, you’ll need to tell your super fund or contribute to that super account.

Superannuation and insurance can be complex. If you need help call your super fund or speak to a financial adviser."
- MoneySmart

Confused about ?
Insurance is simple when you have an expert on your team
Trying to work out exactly what type and how much insurance your business needs can be complex, time‑consuming and overwhelming. And the wrong cover could be devastating to your business if things go wrong.

With so many options on the market, and with the emerging risks such as cyber, and new products coming available all the time, it can be hard to be confident you’re making the right choice. That’s where we can help.

“Poor work health and safety costs $5,000 per worker each year and equates to 4.1 per cent of Australia’s gross domestic product. This doesn’t even touch on the immeasurable cost of grief and trauma to workers and their families.” - Safe Work Australia Chair, Diane Smith-Gander
What is ?
If you’re a business owner, it’s easy to assume that accidents won’t happen at your workplace. But the statistics say otherwise.
Employers are required by law to take steps to ensure their workplaces are safe. This includes having insurance for all their employees.

Who should consider it?
Workers’ compensation insurance is compulsory for all employers in every state and territory in Australia. Each state or territory has its own workers’ compensation scheme, run by independent regulators, with rules differing slightly between each jurisdiction.

Total and Permanent Disability ( ) insurance - Insurance cover for a permanent illness or injury
Decide if you need
"A permanent injury or illness can make it difficult or impossible to return work. TPD insurance can provide a financial safety net to help support you and your family, and pay for medical and rehabilitation costs.

When deciding if you need TPD insurance, and how much, think about the expenses you'll need to cover if you were permanently disabled and unable to work. These could include:
- living expenses for you and your family
- repaying debts such as a mortgage or credit card
- medical and rehabilitation costs
- savings you want for retirement

Also think about what you have that could help pay for these costs. This could include:
- private health insurance that can help pay for medical expenses
- if you have trauma or income protection insurance, that can help replace lost income. You may hold these insurances through your super fund
- any savings or investment you could sell
- what support from family or friends may be available

If you need help deciding if you need TPD insurance, and how much, speak to a financial adviser.

TPD insurance can be bought on its own or packaged with life cover. If it's packaged, your life cover may be reduced by any amount paid out on a TPD claim. Check the PDS or ask your insurer."
- MoneySmart

“The total value of principal Australian agricultural commodities (crops, livestock and livestock products) produced in Australia in 2016-17 was $39,671 million.” - Australian Bureau of Statistics, 2018
What is ?
Working on the land brings many rewards – but just as many risks. As a farm owner, you’re vulnerable to bushfires that can destroy livestock or damage your buildings and other property; machinery breakdown which can cost you time and money; personal illness or a serious accident; or even a claim from a guest injured on your property.
That’s why farm insurance can help protect your farm and its produce, and the wellbeing of you, your family and the people that pass through your property.

Who should consider it?
Whether you’re a large-scale crop grower or livestock producer or a small family or hobby farm, farm insurance can help protect your farm, its produce and livestock – and the people who benefit from it.

- Financial protection for your loved ones when you die
Decide if you need life cover
"A sudden death can place financial stress on those who depend on you. If this happens, life cover can help them pay the bills and other living expenses.

If you have a partner or dependents, can help repay debt and cover living costs if you die.
If you don’t have a partner, or people who depend on you financially, you may not need life cover. But consider getting trauma insurance, income protection insurance or total and permanent disability (TPD) insurance in case you get sick or injured.

If you need help deciding if you need life cover, and how much, speak to a financial adviser."
- MoneySmart

“It's very important for all property developers to do due diligence on the location, property, council requirements and contractors/builders they will be relying on to ensure a successful .” - Jo Chivers, CEO, Property Bloom, 2015
What are the key risks for property developers?
Property development can be an exciting and financially rewarding industry – but the risks can be significant.
As a , you need to be across a range of council regulations and manage complex finance arrangements. You may also have to deal with the rising costs of materials and labour, missed deadlines and budget blowouts. Then there’s the chance your builders could become insolvent, weather events could damage your project, or equipment and materials could be stolen or lost. Finally, like all businesses, property developers need to be vigilant in protecting themselves and clients from the growing threat of cybercrime.

Who should consider insurance?
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.

“If you own a business, you can be liable for damages or injuries to another person or property… consider [professional indemnity insurance] for your business if the likelihood of legal action is high.” - Australian Government (Business Website)
What is insurance?
Anyone can make a mistake – but if your business is found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business’ hard-earned reputation may be damaged as a result.
That’s why professional indemnity insurance matters – for help protecting your assets and brand if your advice causes a client to take legal action against you.

Who should consider it?
Professional indemnity insurance is mandatory in some industries, such as medicine, accounting, law and financial advisers – with the requirements differing from state to state.
But even in cases where it’s not required by law, it’s recommended for anyone who is providing professional services or advice in exchange for a fee – like, graphic designers, IT consultants and more. Regardless of your legal obligation, it’s often a customer requirement that you have this cover in place.

Making a life - Understand the insurance process
What information you need to provide
"It's easier to make a claim on your life insurance if you gather the right information for your insurer.

The insurer will ask for information to support your claim. Depending on the type of insurance, you may have to provide:
- medical reports and medical test results from your doctor
- details of your work duties, including physical requirements, and the number of hours you work each week
- payslips and tax returns, or financial statements if you are self employed
- if a person has passed away, a death certificate or medical report listing the cause of death

Your insurer may ask for permission to contact your doctor about your claim. You may also have to go to an independent medical examination with a specialist, who then reports to the insurer.

If illness or injury continues to affect your ability to earn an income, you may need to have regular assessments and complete progress claim forms."
- Moneysmart

“Residential property worth up to $63 billion is at risk (from climate change) – and we believe this is likely to be an underestimate.” - The Climate Institute, 2016
What is home & contents insurance?
can protect you from financial risk if your home is damaged or destroyed and can also cover your home’s contents if they are damaged, lost or stolen. You can take out cover for specific listed events only or for wider accidental damage cover, depending on your needs.

Who should consider it?
If your home and its contents were damaged or destroyed in a natural disaster or accident, or all your valuables were stolen, could you afford to replace them? If not, Steadfast home insurance can help.
Home & contents insurance can even protect you against legal liability if someone is injured or killed on your property.

- Protect your income if you're unable to work
Deciding if you need insurance
"Income Protection insurance pays part of your lost income if you're unable to work because of a disability, caused by illness or injury. It can help pay the bills so you can focus on getting better.

Income protection insurance can be important if you:
- are self-employed or a small business owner, as you may not have sick or annual leave
- have family members or dependents that rely on the income you earn
- have debt, such as a mortgage, you'll need to make payments on even if you're unable to work

To work out how much income protection you need, prepare a budget. This will help you see your monthly expenses and the income you'll need to replace. You may want to factor in making payments to your super as well.

Also consider:
- if you have total or permanent disability or trauma insurance, that can help replace lost income
- if you have private health insurance that could help pay for any medical expenses
what help or support from family or friends may be available"
- MoneySmart

Get the right cover for your business
Cost-effective without the stress
As a business owner, having the right cover is important to help protect your workforce, premises and your ability to stay open if you’re sued or a disaster occurs. Without it, you could risk losing everything you’ve worked so hard to build. But with so many options available, how can you be sure you’re making the right choice?
That’s where we can help. We can take the time to understand exactly what risks your business faces - and then help ensure that you’re properly covered. We can even help you negotiate a better price for your policy - and support you if you need to make a claim. You can get on with your day-to-day business without the worry, knowing that your insurance is in safe, capable hands.

“More than half of Australian drivers (58%) narrowly avoid a car crash at least once a month, while 18% of drivers said they experienced close calls on a weekly basis.” - Australian Road Safety Foundation, 2017
What is ?
Motor insurance can cover your motor vehicle against accidental damage and theft. It can also protect you from the financial costs of repairing or replacing another person’s vehicle in an accident where you’re at fault.
Under a Steadfast motor insurance policy, you can generally choose to insure your car for an agreed amount, or for the market value of your vehicle- up to $150,000. Above $150,000 will be considered on referral.

Who should consider it?
If your car is damaged in an accident where you’re at fault, having comprehensive motor insurance helps to pay for repairs – or can replace it all together if your car is written off.
If your car is stolen, comprehensive motor insurance can pay you the agreed or market value, so you can buy another car.
Third party property damage (TPPD) insurance – can cover the costs you may be liable to pay if you are at fault and damage or write off someone else’s car – is also available as a standalone policy. However, if you only have this cover, there’s no cover for any damage to your own car.

- Insurance for a critical illness or serious injury
What trauma insurance covers
"A critical illness or serious injury can make it difficult to continue to work. Trauma insurance can help support you and your family at this time and pay for medical and rehabilitation costs.

Trauma insurance, also called 'recovery' or ' ' pays a lump sum amount if you suffer a critical illness or serious injury. This includes cancer, a heart condition, major head injury or stroke. Trauma insurance does not cover mental health conditions.

What's covered under a trauma insurance policy and medical definitions can be different between insurers. To understand what's covered under a trauma insurance policy, read the product disclosure statement (PDS)."
- Moneysmart

In FY2017, the value of Australian exports of goods and services was A$373.2 billion.
That represented an increase of A$53.7 billion on the previous year’s outcome. - Australian Trade Commission, Australia’s Export Performance in FY2017
What is marine transit insurance?
If your business takes you across the seas, you can be exposed to risks from mother nature, misadventure and even piracy.
Such risks can prevent your commercial vessel, cargo or truck from reaching its destination, or cause costly damage during the voyage.
Marine transit insurance refers to a range of insurance products which help protect your business from loss or damage to vessels and cargo. It can cover the door to door delivery of goods worldwide, by sea, road, rail and air – including their storage on the way.

Who should consider it?
Marine transit insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina and more.
Marine insurance can provide valuable cover on both land and sea for:
Freight forwarders
• Importers and exporters
• Marina owners
• Mining companies
Primary producers
• Removalists
• Tourism operators
• Wholesalers

Insurance through super - A financial safety net through your super
Types of life insurance in super
"Most super funds offer life, total and permanent disability (TPD) and income protection insurance for their members.

Super funds typically offer three types of life insurance for their members:
- life cover — also called death cover. This pays a lump sum or income stream to your beneficiaries when you die or if you have a terminal illness.
- TPD insurance — pays you a benefit if you become seriously disabled and are unlikely to work again.
- income protection insurance — also called salary continuance cover. This pays you a regular income for a specified period (this could be for 2 years, 5 years or up to a certain age) if you can't work due to temporary disability or illness.

TPD insurance cover in super usually ends at age 65. Life cover usually ends at age 70. Outside of super, cover generally continues as long as you pay the premiums."
- MoneySmart

“In-store technology will provide experiences that cannot be replicated online, increasing the convenience of shopping and payment through in-store product information and comparisons, and promotion of brands.” - CBRE, 30 Predictions for 2030: The future of retail in Australia, 2019
What challenges do retailers face?
As a retailer, your business is a valuable asset to your community – but you also have complex challenges. You may be vulnerable to changes in the economy, extreme weather events, injuries to staff, product contamination and competition from powerful overseas brands.
What’s more, as more retailers move some or all of their business online and increasingly use in-store technology, you are more likely to be targeted by cyber-criminals.

Who should consider it?
Whether you run a small café or a large restaurant; a corner store or a nation-wide chain, you’ll be exposed to risk. Even if you don’t have a physical store, your business is still exposed to risks like cybercrime, fraud or injury to customers from a faulty product.
A range of covers can be arranged to suit retailers in all sectors, including beauty, hairdressing, clothing and footwear, department stores, food and liquor, furniture and electronics, plus many more.

“The scale and reach of malicious cyber activity affecting Australian public and private sector organisations and individuals is unprecedented. The rate of compromise is increasing, and the methods used by malicious actors are rapidly evolving.” - Former Prime Minister Malcolm Turnbull, Australia’s Cyber Security Strategy Report, 2016
What is ?
Cyber protection insurance is a relatively new form of cover. It’s designed to help protect your business from the financial impact of computer hacking or a data breach.

If you see it, report it!
In February 2017, the Senate passed the Privacy Amendment (Notifiable Data Breaches) Bill 2016 – setting up a mandatory nationwide data breach notification scheme. This means if you spot a security breach which may cause unauthorised access or disclosure of personal information, you’re legally required to report it to the Office of the Australian Information Commissioner within 30 days. You’ll also need to notify the people whose information has been affected.

Who should consider it?
If your business has a website or electronic records, you’re vulnerable to cyber hackers. In fact, it’s likely that your business will suffer a cyber attack at some stage.
A cyber attack could cost your business more than money. It could also threaten your intellectual property and put customers’ personal information at risk – which could damage your reputation.

Total and Permanent Disability ( ) insurance - Insurance cover for a permanent illness or injury
What covers
"A permanent injury or illness can make it difficult or impossible to return work. TPD insurance can provide a financial safety net to help support you and your family, and pay for medical and rehabilitation costs.

TPD insurance pays a lump sum if you become totally and permanently disabled because of illness or injury.
Each insurer has a different definition of what it means to be totally and permanently disabled. It can cover you for either:
- Your own occupation — you're unable to work again in the job you were working in before your disability. This cover is more expensive and is usually only available outside super.
- Any occupation — you're unable to ever work again in any job suited to your education, training or experience. This cover is cheaper but has a higher threshold to claim, so it's less likely to pay out.

Read the product disclosure statement (PDS) so you know how your insurer defines a total and permanent disability. Call the insurer or your super fund if you have questions about the policy."
- Moneysmart

“All travel carries with it inherent risks, even short-term travel to familiar overseas locations for meetings and conferences. Risks from political tensions, civil unrest, fraud, severe weather, natural disasters and security of corporate information exist in countries that are not usually considered dangerous.” - Smart Traveller website, 2017
What is ?
When business travel doesn’t go to plan, insurance can help to cover out-of-pocket costs to your business and employees.

Who should consider it?
If you or your employees need to travel for work, corporate travel insurance can protect your business from financial loss associated with situations such as overseas health emergencies, flight cancellations or lost and stolen baggage.
Corporate travel insurance is similar to personal travel insurance. It can cover your business for unanticipated travel costs if specific events happen.
Corporate travel insurance also covers your directors and employees, and spouses and dependents travelling with them.

- Financial protection for your loved ones when you die
What is life cover?
"A sudden death can place financial stress on those who depend on you. If this happens, life cover can help them pay the bills and other living expenses.

Life cover is also called 'term ' or 'death cover'. It pays a lump sum amount of money when you die. The money goes to the people you nominate as beneficiaries on the policy. If you haven't named a beneficiary, the super trustee or your estate decides where the money goes.
Life cover may also come with terminal illness cover. This pays a lump sum if you're diagnosed with a terminal illness with a limited life expectancy.

To understand what's covered under a policy and the exclusions, read the product disclosure statement (PDS)."
- Moneysmart

1 in 10 Australian small businesses with insurance don’t have enough cover to protect themselves.
Make sure you have the level of protection you need
Your business is probably one of the most valuable assets you have – so it makes sense to protect it in good times and bad. The major reason why small businesses in Australia fail is inadequate cash flow*. That’s where having the right level of insurance can make all the difference by helping to ensure your business continues to operate smoothly if the unexpected happens.

The risk of underinsurance
Unfortunately, 1 in 10 Australian businesses with insurance don’t have enough cover to protect themselves against business disruption, legal liabilities or loss or damage to their assets^.
This is referred to as ‘underinsurance’ and it can greatly increase the risk of a business having to close down if something goes wrong. So why are so many businesses underinsured?
Some business owners are driven by low premiums and don’t take the time to make sure they are adequately protected after an insurable event. As a result, the sum insured may not be enough to cover losses – or the terms of their policy may limit the amount that can be recovered.
It’s also common for business owners to underestimate either the reinstatement or replacement costs of their business assets after a damaging event such as a fire or storm. If the sum insured doesn’t reflect an up to date reinstatement or replacement cost, the owners will be underinsured and may face substantial out-of-pocket expenses if they need to make a claim.

*ASIC, Insolvency statistics: External administrators’ reports (July 2017 to June
2018).
^Insurance Council of Australia, Non insurance in the small to medium sized enterprise sector, July 2015.

“As a [ ] owner, you also have a share of an unlimited liability for anything that goes wrong, which is why strata insurance is compulsory in every state and territory.” - Strata Community Association
What is ?
If you own a townhouse, unit, or apartment and you’re sharing common space with others, you don’t want to be left to foot the bill if there’s damage to shared parts of the building or items.
Strata insurance protects the building and common areas or facilities, with the premiums paid for by the owners’ corporation.

Who should consider it?
Strata insurance is compulsory in every state – so if you’re part of an owners’ corporation in a townhouse, unit, flat, apartment or duplex, the owner’s corporation will need strata insurance.
An insurance broker can arrange strata insurance on behalf of the owners’ corporation.

Making a life - Understand the insurance process
Who to contact to make a claim
"It's easier to make a claim on your life insurance if you gather the right information for your insurer.

To make a claim on your insurance, speak to the person or company you bought the policy from.
If you bought insurance through:
- an insurer — contact the insurance company
- an insurance broker or financial adviser — speak to them first
- a superannuation fund — contact your fund
- an employment arrangement — speak to your employer

Ask how the claims process works and what forms you need to fill out. Make sure you have your policy number available. If you’re struggling physically or emotionally, ask a trusted friend or family member for help with the claims process."
- MoneySmart

“There have been significant reductions in the numbers and rates of injuries and fatalities in this industry over the last ten years or more. Nevertheless, the construction industry remains a high-risk industry.” - Safe Work Australia, 2015
What is ?
When you’re working on a construction site, plenty of things can go wrong. Damage or loss to a building could cost you time, money and even your reputation. Meanwhile, an onsite injury can result in considerable pain, stress and financial loss.
That’s why having the right amount and type of contract works insurance is an important part of your business toolkit, allowing you to get on with the job with less stress and worry.

Who should consider it?
Contract works insurance is recommended for small, medium and large commercial, industrial and domestic builders, sub-contractors and owner-builders.
Most owner builders take out contract works insurance for a specific contract, while professional builders generally choose an annual policy that covers multiple contracts.

insurance - Protect your income if you're unable to work
What income protection insurance covers
"Income Protection insurance pays part of your lost income if you're unable to work because of a disability, caused by illness or injury. It can help pay the bills so you can focus on getting better.

Income Protection insurance pays up to [a certain percentage] of your pre-tax income for a specified time if you're unable to work due to partial or total disability. It is designed to replace the income based on your annual earnings [sic] prior to your illness or injury.

Each Income Protection policy has its own definition of partial or total disability that must be met before a claim is made. Check the insurer's website or the product disclosure statement (PDS) for the definition and any exclusions."
- Source: MoneySmart