News
IRECON Insurance Services Pty Ltd
IMPORTANT UPDATE FOR ALL NSW HOME WARRANTY BUILDERS
IMPORTANT UPDATE FOR ALL NSW HOME WARRANTY BUILDERS 30 OCTOBER 2020 Next Premium Increase 1 January 2021 As advised in our previous newsletters, the premium increases have/will be released in several tranches. The next increase will be 1 January 2021 and will apply...
New Warranty Application Forms
Please make sure you utilise the new Warranty application forms from today onwards. Builder Eligibility & Builder Profile Change Application Fact Sheet 8 - Eligibility and Underwriting Project Application for CIMS - Multiple Dwelling Projects Project...
Construction Types for HBCF Cover
The below table sets out some information on the categories of construction types for the issuance of warranty certificates. This should be used as a reference to determine which category your project falls under. IF you require further clarification please do...
NSW Home warranty premiums set to increase from 1 August 2019
10 April 2019 Dear Valued Customer, NSW HOME WARRANTY PREMIUMS SET TO INCREASE FROM 1 AUGUST 2019 On 1 April 2019 HBCF announced further increases to NSW Warranty premiums. These changes vary depending on the category of work. It is not all doom and gloom! In the...
CYBER INSURANCE 5 REASONS WHY YOU NEED IT
5 Cybercrime is the fastest growing crime in the world, but standard property or crime insurance policies can be restrictive in the cover they offer. The widespread use of technology and the internet now means that your business is exposed to the world’s criminals and...
NSW Small Business Stamp Duty Exemption
The government has abolished stamp duty on a number of polices taken out by a small business. In order to gain the exemption, the business must be a small business in accordance with the Income Tax Assessment Act 1997 (s152.10),Capital Gains Tax meaning, for the...
Further Warranty Update – July premium increases postponed
Following on from our last correspondence wherein we advised of the NSW Warranty Premium Increases, we now advise these increases have been postponed until 2 October 2018. The decision to postpone the increases was advised to our office on Friday 29 June at 5:01pm....
Changes to the privacy legislation & How Cyper Insurance can help protect your business.
What is changing? Effective from 22 nd February 2018 amendments to Federal Privacy Act legislation will see mandatory data breach notification laws introduced to Australia for the first time. This will be known as the Notifiable Data Breaches Scheme (NDB) and will...
Premiums Overview
The availability of property/casualty insuranceand the price you pay for a policy can vary widely from year to year depending on the state of the insurance market. The market may be hard one year and soft the next. • How does a hard market differ from a soft market? •...
URGENT UPDATE: CHANGES TO THE NSW HOME WARRANTY
18 June 2018 Dear Valued Customer, URGENT UPDATE: CHANGES TO THE NSW HOME WARRANTY On 14th June we received advice from HBCF there will be another price increase effective 1 July 2018. From 1 July 2018 you must state the cost of the home warranty insurance cover in...