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Featured Article

July 12, 2023

Honan recognised as finalists in the 2023 ANZIIF Australian Insurance Industry Awards

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Previous Articles

October 17, 2023
Corporate Risk
Financial Institutions
Technology

Cyber ransom attacks: not paying a ransom won't solve cybercrime

This month marks the 20th anniversary of National Cyber Security Awareness Month and with cyber risk reaching unprecedented levels after a recent surge in high-profile attacks, particularly on Australian businesses, Ben Robinson, Placement Manager - Professional and Executive Risks, gives us some insights on why not paying a ransom won't solve this issue. With hackers running their operations like sophisticated businesses and constantly adapting their strategies for better returns, banning payments might harm Australian businesses and citizens more than it impacts the cyber-criminal groups, leading them to explore alternative tactics for financial gain.
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October 11, 2023
Corporate Risk
Agriculture
Biotech & Life Science
Construction
Financial Institutions

Claiming Success: Why Your Insurance Broker is the Key to Notifying Insurers About Potential Claims

When it comes to insurance, brokers are in a unique position. We’re neither the client nor the insurer, we’re privy to the unique notifications from clients when there is a situation that may give rise to a claim, and the reactions from insurers to those notifications. This is a complex and evolving area, and in the post-pandemic era, we’ve observed that insurers are scrutinising all aspects of the claims process. Following a loss, the claims process can be stressful, complex, and long. This article outlines the paradigm shift in insurer’s perception of an acceptable notification of circumstances which may give rise to a claim, from a broker’s perspective.
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October 4, 2023
Pharmacy

Protecting Your Pharmacy’s Reputation & Finances: A Guide for Owners

Pharmacies play a crucial role in providing accessible healthcare services to the public. As part of this essential service, pharmacists must maintain the highest standards of professionalism, ethics, and regulatory compliance to mitigate the risk of claims. Additionally, robust insurance coverage plays an important role in protecting pharmacies from claims related to misconduct, errors, or accidents within the premises. This article explores some of the most common types of claims, how those risks can be managed, and the insurance solutions that can limit the impact of claims.
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October 3, 2023
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Honan on the Move: Vanessa Yap

In our latest edition of ‘Honan on the Move’, where we put the spotlight on the career progression of our team, we catch up with our Legal Counsel Vanessa Yap. Moving away from handling insurance litigations and navigating the labyrinth of complex claims to becoming Legal Counsel at Honan seemed like a career detour at the time but turned out to be a career evolution instead. Vanessa shares the motivation behind her change from the claims to the legal team, the most fun part of her job and some of the daily habits that set her up for success.
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October 2, 2023
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Experts with Edge: Michael Atta

At Honan, we’re big believers in growing an exceptional brand, business and reputation through exceptional people. People with market-leading expertise, proven results and a fierce commitment to serving their clients, but also people with creative, considered points of view and a willingness to share them. Michael Atta, Head of Sales - Employee Benefits, is one of them. We asked him about trends impacting the Employee Benefits landscape, his secret to a long and successful career in insurance and much more.
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September 22, 2023
Construction

Professional Indemnity Insurance: Construction Professionals & the Growing Deductible Dilemma

Although the market is starting to show signs of stabilising after a sustained period of hard market conditions (where demand exceeds the supply), Professional Indemnity insurers for Construction professionals (including Engineers and Building Surveyors) continue to see a high degree of claims against their portfolios. In response, insurers are seeking higher deductibles associated with Professional Indemnity risks to manage the escalating costs of claims. In this article, we explore the critical considerations for construction professionals when addressing deductibles and risk management.
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September 22, 2023
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Experts with Edge: Jennifer Gray

In this edition of Experts with Edge, a series where we delve into the minds of our challengers to gain exclusive industry insights, predictions and the secrets behind their success, we sit down with Jennifer Gray, Head of Corporate – Asia to learn more about how her studies in study Maths, Statistics and Actuarial Sciences brought her into insurance, the importance of building relationships with clients, and more.
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September 20, 2023
Financial Institutions
Corporate Risk
Start-Ups

Resurgence of the IPO Market: The Importance of Prospectus Liability Insurance

Despite a subdued start to Initial Public Offerings (IPOs) in the first half of 2023, the listing of the chip designer, Arm, on the Nasdaq, which surged 25% on its inaugural day and raised $7.6 billion could signal the reopening of the "IPO window" more broadly. As the market gains momentum, it is critical for entities to consider the role of protective instruments like Prospectus Liability Insurance to limit the impact of prospective claims, litigations, or fiscal implications associated with the IPO process. Dennis Moens explains how the insurance market is responding to create favourable conditions for entities.
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Important Documents

Honan Document Library

New Zealand Financial Advice Disclosure

Financial Hardship Policy

Supporting Vulnerable Customers Policy

Domestic & Family Violence Policy

NIBA Code of Practice

General Code of Practice

Financial Service Guide

Honan Document Library

New Zealand Financial Advice Disclosure

Financial Hardship Policy

Supporting Vulnerable Customers Policy

Domestic & Family Violence Policy

NIBA Code of Practice

General Code of Practice

Financial Service Guide

Privacy Policy
Feedback and Complaints Policy
Terms of Use

Honan Insurance Group Pty Ltd (Australian Financial Services Licence no. 246749, ABN67 005 372 396) is an insurance broker acting as agent for insureds and intending insureds. Honan is not an insurer.  The information on this website has been prepared without taking into account your objectives, financial situation or needs.  Any advice provided on this website is general advice only.  Before making a decision to purchase an insurance policy, please read the relevant Product Disclosure Statement to make sure the policy is right for you.  Insurance cover is subject to policy terms and conditions including policy limits and exclusions. 

From time to time, Honan may act under a binder arrangement with an insurer.  When this happens, Honan is authorised by the insurer to issue certain insurance policies on the insurer’s behalf.  When Honan does this it acts as the agent for the insurer and not for any insured person.  We will let you know when we are acting under a binder.  You can view the Product Disclosure Statements for the insurance policies we issue under a binder arrangement here.  A copy of the Target Market Determination for each policy is also available on this website.

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