Milne Alexander News
Milne Alexander launches a new approach to Insurance Broking
The something different campaign started in July and is targeting clients that are looking for a different approach from their insurance broker.
Anna Heyligers who is leading the campaign said “It’s about taking the ‘stiffness' out of insurance".
Since the launch of something different we've see the most success with those clients who need you to go that extra mile as they do something different and are great at what they do. We have exceeded our clients' expectations and our clients have been satisfied as we genuinely show an interest in their business and demonstrate that we’ve done our homework. All these things make us unique to the rest of our industry.
We also like to keep it real, what we ask is if you’re sick of words like ‘package’ and ‘bundle’ or no one knows what you do, or you’re sick of dealing with ‘boring old suits’ managing your insurances, then contact us.
August 2010
Allianz Group results for the second quarter of 2010 reflect a very good performance, which continued throughout the first half of this year.
Allianz Group quarterly revenues grew by 14.5 percent to 25.4 billion euros.
For the first six months, total revenues amounted to 56 billion euros, which is 12.2 percent higher than in the same period of 2009;
Premium rates are heading higher, industry analysts say.
We are clearly through the bottom of the insurance premium cycle and premium rates are now hardening, according to research by leading insurance industry analysts.
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Advanced Manufacturing
Australia's advanced manufacturing industry has established an international reputation for its strengths in design, quality, safety, reliability, sophisticated IP protection, customer service, innovative systems, and world class R&D capabilities.
The sector accounts for around 50 per cent of Australia's total manufacturing output and serves a diverse range of industries including aerospace, automotive, mining, machinery, defence, tooling, instruments, chemicals, plastics and appliances.
Within the Advanced Manufacturing industry purchasing insurance for most, size is a critical factor as it often prevents companies from obtaining the correct coverage for a competitive premium. As a collective we have buying power which enables us to obtain not only extensive cover but maintain competitive pricing.
A dedicated team of professionals has been established to ensure consistent and specialised service. Flexibility providing a choice of 8 different covers to help protect your business including:
- Combined General Liability
- Industrial Special Risks
- Motor Fleet
- Management Liability
- Trade Credit & Invoice Discounting
- Marine Cargo
- Product Recall
- Machinery & Electronic Equipment Breakdown
Combined General Liability
We have tailored a Public & Products Liability policy, underwritten by world leading insurer, which provides the following benefits:
- General Public & Products Liability.
- Errors & Omissions cover up to a policy limit of $2,000,000 (Professional Indemnity).
- Goods in Care, Custody & Control limits up to $2,000,000 without the normal policy requirement of Personal Injury and/or Property Damage. This major benefit can also provide cover for any contract fines and/or penalties for causing a stoppage to major production plants.
- No limits on Exports to the USA or Canada.
- Domiciled overseas offices, including the USA.
The price for all of these additional benefits can often prevent any smaller to medium size companies from obtaining such cover.
Industrial Special Risks - (Property & Business Interruption)
Property & Business Interruption insurance is not expensive as such for your type of risk, however, one inherent risk that coverage is given is in the area of Accidental Damage. There are no limits on assets and the rates are competitive considering the risks covered.
Coverage can also be included for plastic injection moulding shops and silicone manufacturing at the normal standard rating along with providing flood cover in many cases up to a limit of $500,000.
Motor Vehicle
We have one large fleet of vehicles which has all vehicles covered with the one insurer, some benefits are:
- Automatic Additions & Deletions for vehicles up to $100,000.
- Agreed Value for most vehicles.
- Cost per unit basis.
Management Liability - (Directors & Officers / Employment Practices)
This insurance has become increasingly more affordable to the general insurance buying market, however once again additional benefits are provided and these include such benefits as:
- Directors & Officers Liability
- Employment Practices Liability for cases of wrongful dismissal, sexual harassment, discrimination and other employment related claims
- Crime covers for employee fraud/dishonesty up to $250,000 any one policy period.
- Statutory Liability for fines and penalties imposed by government bodies such as Occupational Health & Safety.
Marine Cargo - (Goods in Transit)
Limits of $3,000,000 per Import/Export and $2,000,000 for Inland sendings in Australia are automatic covers on our policy.
The premiums are based on Estimated Sendings. Cover can also be provided to areas of war or political unrest such as Iraq and Afghanistan.
Workers Compensation
Services provided for this class of business are offered on a fee for service basis and will be negotiated with individual companies depending on their specific requirements.
John Milne (founder of Milne Alexander) was directly responsible for the independent classification of “Metal Dies, Cutting, Sinking, Manufacture and Repair” and has made numerous successful classification appeals to NSW WorkCover.
John continues to share his extensive knowledge of WorkCover legislation of all jurisdictions within the business, which enables us to provide you with expert advice in relation to any Workers Compensation matters. Insurance Broker Sydney
