News & Insights

Please find our regular insurance & risk management insights detailed below.
Best Practices for Managing Insurance Costs as an NDIS Provider

Best Practices for Managing Insurance Costs as an NDIS Provider

In the dynamic and highly regulated environment of the National Disability Insurance Scheme (NDIS), providers face numerous challenges, not least of which is managing insurance costs effectively. Insurance, while an operational expense, is also a critical component of...

Understanding Marine Liability Insurance: Coverage and Benefits

Understanding Marine Liability Insurance: Coverage and Benefits

Marine liability insurance is a specialised insurance offering designed to provide comprehensive coverage and essential benefits for businesses operating in the maritime industry. These safeguards ensure that marine businesses can operate confidently, knowing they are...

Key Insurance Considerations for NDIS Providers

Key Insurance Considerations for NDIS Providers

In the rapidly evolving landscape of the NDIS sector, providers are met with both rewarding experiences and challenging uncertainties. Their role is undeniably crucial, bridging the gap between the vulnerable and a life filled with dignity and independence. However,...

Key Factors to Consider When Choosing Marine Liability Insurance

Key Factors to Consider When Choosing Marine Liability Insurance

Navigating the waters of marine liability insurance can be as challenging as navigating the high seas. Whether you assist in running a yacht club, operate a commercial fishing boat, or run a marina facility, it's imperative to understand that not all marine insurance...

Reinsurance – How Reinsurers Dictate The Insurance Industry?

Reinsurance – How Reinsurers Dictate The Insurance Industry?

Insurance was created on the idea that the premiums of the masses pay for the claims made by a few.  This is a powerful principle. But the challenge arises when the total premium pool does not cover the cost of claims. There are many factors that can cause rising...

Current Insurance Market Cycle

Current Insurance Market Cycle

Understanding the dynamic of the current Insurance market is essential to achieving a good deal at renewal. The insurance market cycle refers to the fluctuations of insurance premiums over time. These fluctuations can be driven by a variety of factors, including...

How To Make Your Manufacturing Business Safer

How To Make Your Manufacturing Business Safer

The Australian Work Health and Safety Strategy has urged the manufacturing sector to lower its rates of fatalities and serious injuries.   Learn how Trident Insurance can assist manufacturers in managing the many risks faced by the industry. Manufacturing...

What is Your Extreme Weather Plan?

What is Your Extreme Weather Plan?

Can your insurance policy weather the storm?   No matter where your business is in Australia, you are likely to be confronted with extreme weather events or natural disasters at some point. There is ample evidence of extreme weather events in Australia, with many...

Cyber Breaches: How Far Behind Is Australia on Cyber Security?

Cyber Breaches: How Far Behind Is Australia on Cyber Security?

Is the surge in data breaches a result of bad luck, coincidence, or intentional targeting?   Indefensible hacks are not the cause of intrusions. The usual suspects are unsecure systems, compromised credentials, failure to quickly patch, everyday account...

How Is Climate Change Impacting Insurance?

How Is Climate Change Impacting Insurance?

Climate change is already affecting us and our environment in a variety of ways, and its impacts are projected to become more severe over time.   Climate change is caused by a number of factors, including human activity. Greenhouse gas emissions from burning...

Insurance Cycle – Is the end near?

Insurance Cycle – Is the end near?

Traditionally, the insurance market cycle follows a 7-10 year trend. To help simplify and explain this process… When premiums increase to a stage where insurers receive strong profits, this leads to new competitors entering the insurance market. This increased...

Marine Transit Insurance Update

Marine Transit Insurance Update

While the global transport industry maintained its long-term positive safety record in the past year, Russia's invasion of Ukraine and subsequent cost increases involving large vessels, crew shortages, port congestion issues and the Suez canal obstruction, meant the...

What Are The Insurance Requirements for a Strata Complex?

What Are The Insurance Requirements for a Strata Complex?

Commercial and Residential Strata Insurance covers the specific insurance needs of owners of units and offices.   Commercial and residential strata insurance is issued to the Owners Corporation (previously Body Corporate). The owners corporation of each property is...

Claims Inflation: Why are my insurance premiums increasing?

Claims Inflation: Why are my insurance premiums increasing?

Across the insurance industry, we often see articles regarding the hardening market cycle, largely due to an increase in natural catastrophes around the world. However, there is one item that is often not discussed in great detail, which is claims inflation.Claims...

Dry Cleaning Industry – Insurance Best Practices

Dry Cleaning Industry – Insurance Best Practices

It feels like every month we turn on the news, we see a commercial laundry incinerating, which we find is usually due to poor housekeeping. Unfortunately, this negligence of some, has a negative impact on the wider industry, which consists of Laundromats, Dry Cleaners...

Underinsurance in Business: Traps & Pitfalls – How to Avoid Them

Underinsurance in Business: Traps & Pitfalls – How to Avoid Them

Many Australians, especially those who own businesses, discover they don’t have the cover they need in the worst possible circumstances – when they need to claim. In this article we will deep dive into some of the issues we are observing due to businesses not having...

Insurance for the Hospitality Industry – What you need to know

Insurance for the Hospitality Industry – What you need to know

  Across Australia, the hospitality sector has faced a number of challenges over the last two years, with several lockdowns. As we now prepare for the return of the hospitality industry, it is now more important than ever to review the insurance you have in...

Western Australia Industrial Manslaughter Laws: Update

Western Australia Industrial Manslaughter Laws: Update

In March 2022, it is anticipated that the new Work Health & Safety Regulations will be finalised and introduced in Western Australia. This will now harmonise the WHS regime across Australia, creating greater consistency between each State & Territory. The new...

Yacht Club Insurance – How to protect your Club and its Members

Yacht Club Insurance – How to protect your Club and its Members

Since 1994, Trident Insurance Group has proudly managed the insurances for marine based Clubs, which includes Yacht Clubs, Rowing Clubs, Fishing Clubs and Power Boat Clubs. Over this time, we have continuously developed and enhanced our insurance offering so that we...

Understanding Boat Builders’ Insurance

Understanding Boat Builders’ Insurance

From performing hot works at heights, to handling fibreglass, building a vessel involves a number of complex risks. It is, therefore, important that the insurance coverage you choose, comprehensively protects each Builder for the exposures presented. Traditionally, a...

Long Service Award – Cystic Fibrosis

Long Service Award – Cystic Fibrosis

Last week, Trident Insurance Group were proud to receive a Long Service Award from Cystic Fibrosis WA. For the last 15 years, we have made a commitment to this fantastic charity. Throughout those years, we have watched CFWA continue provide a wide range of support...

Personal Cyber Insurance for Families

Personal Cyber Insurance for Families

Following the continual digital transformation of our every day lives, we are becoming even more dependent on technology, but also more exposed. Most children do not have the same cyber security awareness as adults, and can quite easily download ransomware to the...

Resource Industry Sole Traders – Insurance Package

Resource Industry Sole Traders – Insurance Package

If you are a Contractor or Sole Trader operating in the Mining or Oil & Gas Industry, it is important that you have a cost-effective insurance program, that also provides you with the correct level of coverage to meet the requirements under most resource industry...

Commercial Cleaners – Insurance Package

Commercial Cleaners – Insurance Package

Commercial Cleaning is a broad industry, with tasks including Office Cleans, Deep Cleans, Chemical Cleaning, Industrial Cleaning, Warehouse Cleaning, Shopping Centre Cleaning and Window Cleaning. It is not uncommon for Commercial Cleaners to offer services to various...

Workers Compensation: Some handy tips to help manage your premiums

Workers Compensation: Some handy tips to help manage your premiums

Currently in Western Australia, Workers Compensation Insurance is administered by an Act which dates back to 1981. Over the last 40 years, the Workers Compensation landscape has also completely evolved, with new forms of injuries such as mental health and also the...

Avoiding Injuries On The Field And In The Workplace

Avoiding Injuries On The Field And In The Workplace

INTERVIEW WITH FORMER PERTH GLORY PLAYER DINO DJULBIC As we prepare for the 2021-2022 A-League season to kick off, we caught up with former Perth Glory player, Dino Djulbic. Dino played over 400 games of professional soccer, which included playing a couple of games...

Everything you need to know about Marine Liability Insurance

Everything you need to know about Marine Liability Insurance

If you are a Contractor that works on boats/watercraft or conducts your business activities on, or near the water, you may need to consider a specialty Marine Liability insurance policy (or alternatively known as Shiprepairers Liability). Generally, all off-the-shelf...

Importance of scaffold insurance!

Importance of scaffold insurance!

Trident specialises in protecting a number of high-risk industries, one of which is the Scaffold Industry   Why is it important to have the correct Scaffolders Insurance in place? It is no secret that the Scaffold Industry is a high-risk sector, with several...

Exciting Staff Milestone

Exciting Staff Milestone

We would like to proudly congratulate Lenaida McGuiness, on reaching her 10-year anniversary with Trident!   Lenaida has had an illustrious career with Trident and is currently involved in managing a broking team and portfolio of Corporate Clients.   Her...

Cyber Insurance – How much cover do I need?

Cyber Insurance – How much cover do I need?

Cyber Risk is now one of the main exposures business owners face today. With the growth and reliance on technology, cyber events are also becoming more frequent and the number of claims far greater. In this article, we will dive...

How to manage your insurance premiums in a hardening market

How to manage your insurance premiums in a hardening market

It is no secret that we are in the midst of a hardening insurance market cycle. Given that these increases may continue to occur in the years to come, we thought it was important to remind our customers what steps they can take to help minimise these potential...

Trident boosts Corporate Practice Group with new hire

Trident boosts Corporate Practice Group with new hire

To meet the growing needs of the business, Trident is pleased to announce the recent appointment of Dan McCallum. ​​Dan joins Trident as an Account Director and will lead our Risk Management Division. ​​Dan is highly experienced and well respected in the insurance...

65 Roses Charity Day

65 Roses Charity Day

Every year, at the end of May, Cystic Fibrosis WA celebrates 65 Roses Day, where they sell thousands of fresh roses around the state.​​The origins of 65 Roses day is a touching story, starting when a mother in the US with three boys suffering from Cystic Fibrosis...