Bellrock

22/12/2022

Wishing all of our valued clients, partners and industry peers a joyful festive season. We look forward to working with you in 2023 and hope the new year brings you all happiness, health and prosperity.

Please note, our NSW office will be closed from midday 23 December 2022 and will reopen from 9 January 2023. Any urgent queries during this time can be directed to Kendall Towers on M. 0403 489 022.

Our Brisbane office will observe regular operating hours, closing only for public holidays.

29/06/2022

As advocates and supporters of youth sport, Bellrock is proud to be a major sponsor of Spark Futbol’s program in 2022. This initiative makes football coaching accessible to more families by directly reducing registration costs along with many other benefits.

We are thrilled to share that between and a total of $41,495.24 in subsidies have been given to players this year already!

Research has shown undeniably that a child’s involvement in sport improves social interaction, increases confidence and boosts listening skills. It also leads to better health and education outcomes in later life. But all the evidence you really need to realise the massive impact this work is having is written all over the kids faces on the pitch.

Congratulations to the dedicated team at Spark who brought this initiative to life and to each of the young players who work so hard to achieve results! 👍

21/06/2022

We are proud to share some of the results our claims team have achieved for flood victims across SE Queensland and Northern NSW. By putting clients at the centre of our approach and proactively pursuing the best possible outcomes with insurers we have managed to settle claims twice as fast as the industry average, allowing victims of this record-breaking disaster to move forward. Read the full article on the 4th costliest natural disaster in Australian history via link in bio.

16/12/2021

Bellrock is proud to announce our partnership with under its ‘Partner for Purpose’ initiative.
 
Spark Futbol is a development academy founded by the inspirational and innovative Cam Jones. It focuses on the individual player to develop their footballing ability and love of the game.
 
We are honoured to support Spark Futbol’s ‘Partnership 4 Purpose’ initiative. As part of that scheme Bellrock will help to ensure financial barriers do not prevent promising young players from accessing market-leading professional coaching and development.
 
We are very excited to be part of Cam Jones’ vision for youth football in Australia.
 
We look forward to the season ahead and wish all the young players a successful year in 2022.

05/11/2020

The higher use of online transactions in the hardening market is raising concerns that online systems are being manipulated to make a risk fit the system, as distinct from the system properly underwriting a risk. We have reviewed numerous online quotations and indeed policies that are not reflective of the risk sought to be insured. In this article, we address online transaction issues (i.e., non-compliance with the duty of disclosure) and steps insureds, brokers and underwriters should take to ensure the integrity of the process.

Read more: https://bellrock.com.au/2020/10/31/the-hardening-market-and-emerging-issues-with-online-insurance-transacting/

The hardening market and emerging issues with online insurance transacting October 31, 2020 General Commercial Insurers have continued to improve their online product offerings across “retail” and “wholesale” insurance products that are distributed either directly to “consumers” or via ....

21/10/2020

Today’s society is influenced by social media. In that context, the insurance industry itself is susceptible to media and public scrutiny. In this article, Trial by Media, we look at recent media publicity involving the industry and how the media may fail to convey the salient facts causing adverse coverage positions for policyholders.

Read More: https://bellrock.com.au/2020/10/09/trial-by-media/

Trial by Media October 9, 2020 General Commercial ”Trial by Media” describes the influence of the press on a person and/or company’s reputation by creating a perception of guilt or innocence before, or after, a verdict in a court of law. Today’s society is influenced by social media. In that...

13/10/2020

With Merger and Acquisition (M&A) activity on the rise, companies are more inclined to take out a Warranty and Indemnity (W&I) policy to mitigate the sales transaction risk. In this article, we review the two forms of W&I coverage (Sell-side and Buy-Side), the benefits for buyers and sellers as well as the procurement process. Discover how Bellrock can help arrange appropriate coverage for your next M&A deal.

Read Now: https://bellrock.com.au/2020/10/01/what-is-warranty-indemnity-insurance/

&I &A

What is Warranty & Indemnity (“W&I”) insurance ? October 1, 2020 Development & Construction, General Commercial Merger and acquisition (“M&A”) activity is increasing in the current economic climate. With this trend, it appears companies are becoming more inclined to transfer the risk of such...

24/09/2020

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22/09/2020

The COVID-19 pandemic has considerably raised the risk of cyber threats. Many businesses do not have proper measures in place to protect against malicious cyber activity like phishing scams and ransomware attacks. In this online article, we offer helpful steps to mitigate cyber risk in the new normal.

Read more:
https://bellrock.com.au/2020/05/20/cyber-risk-from-covid19/?utm_source=facebook&utm_medium=organic_social&utm_campaign=cyber_risk

22/09/2020

The hardening market not only presents significantly higher premiums and excesses but also more restrictive coverage for policyholders. The impact will be widely felt in the construction industry particularly among professionals with claims-made insurance policies. Learn about the changing dynamics and how to manage risk in this recent industry update.

Read more:
https://bellrock.com.au/2020/09/03/the-impact-of-narrowing-cover-in-the-hardening-insurance-market-construction-professionals-claims-made-policies/?utm_source=facebook&utm_medium=organic_social&utm_campaign=hardening_market

22/09/2020

Are your strata plans adequately insured? In this article, we examine the insurance obligations under the Strata Schemes Management Act 2015 (NSW) and how Owners Corporations (OC’s) can maintain appropriate and competitively priced coverage.

Read More:
https://bellrock.com.au/2020/09/02/strata-insurance-in-nsw/?utm_source=facebook&utm_medium=organic_social&utm_campaign=strata_insurance