Our Blog


The value of effective risk management for your business

Protecting what you’ve spent years building is paramount for the long-term sustainability of your business. The process of comparing products and quotes between insurers can be complicated and especially for business, it requires significant time and understanding of insurance to make the right decision. Buying insurance direct is easy. Buying the right insurance, however, can be very difficult. And getting it wrong can prove costly. The...
Read Article »

Changes to NSW Worker's Compensation

April 28 is World Day for Safety and Health at Work , a day for promoting safety and health in the workplace and to honour those who have died from work-related injury or illness. According to Safe Work Australia, ( 1 ) in 2015-16, there were 104,770 serious Australian workers’ compensation claims with over 90% due to injury and musculoskeletal disorders. Safe Work Australia are encouraging...
Read Article »

Cyber Insurance to tackle the growing treat of Cyber-Crime

The recently released Accenture and The Ponemon Institute 2017 Cost of Cyber Crime Study ( 1 ) reported that cyber-crime in Australia has increased by over 25 percent in 2017, the second highest rate of countries surveyed. In Australia, malicious insiders, phishing and social engineering are the costliest attack types, with a price tag of $136,804 and $112,902 per incident, respectively. Australian technology media are predicting...
Read Article »

Stamp Duty Exemptions for Small Business

The NSW State Government are making some changes to Stamp Duty on certain insurance products effective 1 January 2018.

What is happening?

From 1 January, small businesses(*) will no longer be required to pay Stamp Duty on some types of insurance, including:

  • Commercial Motor Vehicle– where the motor vehicle is used primarily for business purposes.
  • Occupational Indemnity – covering liability arising out of the provision of professional or other services.
  • Product and Public Liability – covering liability for personal injury or property damage occurring in connection with or arising out of the products and services of a business.
  • Crop and Livestock insurance.


* You are a small business for the current year if you carry on a business in the current year; and one or both, of the following applies:

i. you carried on a business in the previous year and your aggregated turnover for that previous year was less than $2million;

ii. your aggregated turnover for the current year is likely to be less than $2million.

As further information comes in, we will keep you updated. If you have any questions about your current policies please feel free to give our office a call.


Alicia Thomas

Account Manager | Austbrokers City State

Read Article »

Protecting Your Investment - Residential Landlords Insurance

The great Australian dream is in brick and mortar and can be one of the biggest investments most people will make. Although property investment can be potential money pot, the risks can still be high and without careful and considered management, can quickly become a bad investment.  Even with the support of a professional property manager, you can still end up with bad tenants that disregard...
Read Article »

Important Announcement Regarding Changes to Home Warranty

The NSW Government (iCare NSW) has overhauled the way in which Home Warranty Insurance is distributed via Insurance Brokers. As a result, effective from the 03rd of October 2017 the number of Insurance Brokers in NSW that are able to distribute Home Warranty Insurance will be reduced from 110 down to 24. Austbrokers City State is pleased to announce that we have entered into a partnership...
Read Article »

Business Liability - Are Your Personal Assets at Risk?

Protecting your personal assets is an essential part of planning your business. Most business people tend to keep the two worlds separate – personal assets and business interests. That’s where management liability insurance comes in. As a business owner, manager, or board member, even a board member of a club or association, you could be deemed personally liable if something goes wrong. Mistakes such as a...
Read Article »

Home-Based Business, Are You Covered?

Do you run or are you thinking of starting a home based business?  With nearly one million people running a business from home, home-based businesses are becoming a large part of the Australian business community. Working from home can offer many advantages and lifestyle benefits and may be a great opportunity to start a new career. But running a b usiness from home is not without...
Read Article »

Underinsurance - How Big is Your Gap?

Underinsurance is a gap in cover between the value of a loss and the amount you are insured for.  This gap in cover is common across Home, Life and Business Insurance policies. A recent study conducted by the Insurance Council of Australia (ICA) found that underinsurance exists in 70% of insurance policies held in Australia. Under business insurance policies, there is a nasty remedy imposed by insurers...
Read Article »

Reinstatement of the Fire Services Levy

We previously posted that on 30th May the NSW Government announced that it was going to defer the replacement of the NSW ESL with a Fire and Emergency Services Levy (FESL) to be paid alongside council rates until further notice. The legislation required to allow ESL to be reinstated on insurance premiums passed through the Upper House of the NSW Parliament on 22 June 2017 and...
Read Article »

Is It Time For An Insurance Health Check?

As the end of the financial year approaches, many business owners will be renewing their insurance policies. This is the busiest time of the year for commercial insurance.  Even if your insurances are not due on the 30th of June, now is a great time to make sure your business is correctly protected.  There are three key questions to ask yourself when end of financial year...
Read Article »

Changes to NSW Fire Services Levy Delayed

For the last 12 months, insurers and brokers have been advising clients that from 1st July 2017, FSL would no longer be charged on insurance premiums and instead would be changed to FESL, which was to be included in Council Rates charges. On May 30th, the NSW Government announced that this change has been delayed indefinitely. “The Fire and Emergency Services Levy will continue to be...
Read Article »

Changes to NSW Workers Compensation

iCare (formerly WorkCover NSW) has announced that from 1 March 2017, “All new businesses will now get a quote and buy a new policy directly from iCare rather than an insurer (scheme agent)”. The existing client renewals are expected to also be administered by iCare from 30th April, 2017. What this means is that the renewal of your policy from 30th April, 2017 onwards will be...
Read Article »

The Importance of Insuring for Business Interruption

There is quite an alarming number of businesses that don’t consider Business Interruption to be an integral part of their insurance program.  If a loss were to occur where the operation of the business is affected and they can no longer trade at the same level or at all, insuring for Business Interruption could prove to be a valuable and economical decision.  Whether you are a...
Read Article »

Understanding CTP Green Slips - What they cover & where your premiums go

A CTP (Compulsory Third Party) Greenslip is an Insurance Policy which provides compensation for people killed or injured in a motor vehicle accident. It is a legal requirement for all motor vehicles registered in NSW, except Trailers (Trailers are covered under the Greenslip of the towing vehicle). You are participating in two schemes when you purchase a Greenslip. They are known as the following: The Third...
Read Article »

Insurance Settlements and GST

In my role as a Claims Manager, at settlement of a claim by an insurer, one of the most common questions I am asked by clients is “why didn’t I get paid the GST portion?”  To answer that question, we need to have a quick look into GST legislation and how it works for GST registered businesses. If you are registered for GST and hold an insurance...
Read Article »

Real Estate Agent "Almost Got Done Over" by Cyber Criminal

cyberhacking chart
A couple of weeks ago, I had a call from a client Steve who operates a Real Estate Agency in Wollongong*. During the usual greetings I noticed he was distressed. “I almost got done over” were his first words. Immediately concerned, I asked “what happened Steve, did you get broken into?” he replied “much worse than that!” He went on to explain how he received an...
Read Article »

How Your Policy Wording Influences Price

I am often asked by clients and friends why premiums are so different when it comes to buying House & Contents insurance. We are bombarded by direct advertising focusing squarely on price and you would have noticed advertisements from YOUI, Coles, AAMI, Budget Direct and so on pitching to consumers about providing the best premium. What is not so obvious is what you are getting for...
Read Article »


bob signature
Welcome to our new website! We are pleased to announce the launch of our new website and we welcome all our existing and prospective clients to have a look around at our new features. We have now included a Blog section where will continuously add information, insights, advice and general articles on all things risk, financial and general business. We intend to keep building our blog...
Read Article »
Nowra Office View on Map

Suite 4, 5-7 East Street,
P. 02 4422 9515 F. 02 4422 9514
Office Hours. 8:45am - 5:00pm
E. info@abcitystate.com.au

Wollongong Office View on Map

Unit 201, 53-61 Crown Street,
P. 02 4297 1800 F. 02 4297 1400
Office Hours. 8:45am - 5:00pm
E. info@abcitystate.com.au

Macarthur Office View on Map

'Centric' Level 1, Suite 105,
4 Hyde Parade Campbelltown
P. 02 4626 5022 F. 02 4628 3399
Office Hours. 8:45am - 5:00pm
E. info@abcitystate.com.au