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Which is Australia's riskiest industry according to major insurers?

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The answer to this question based on the WorkCover claims statistics across all industries as per a number of Victoria's largest Insurers is  - the Aged Care Industry. Does this come as a surprise?
James NorquayOwner at Prosperity Media
I would take a guess and say Medical - Doctors would be a very costly business to insure. I know doctors pay crazy insurance premiums. The ones actually operating on people would pay more. Due to Medical Negligence I am guessing this is one area which is very costly.   
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Kate FairleyOwner at Get Informed
No they certainly can't, and Insurance isn't a failsafe in that regard however the Business Interruption options available are quite generous. The product I've selected for my business actually provides an additional benefit (meaning it's paid out on top of the claim) of $50,000 towards having a PR firm re-establish the business' reputation OR a security consultant to conduct a review and implement any necessary security improvements as a result of an event OR a forensic consultant to establish the identity of the hacker. So depending on the breach which has occurred, I could select the most appropriate option which would give me the best chance of getting back on my feet. Insurance isn't a magic wand, but it does offset your risk.
Steven AbrahamOwner at Evolved Sound
Very interesting insurance product. Being hacked in some shape or form is inevitable for many businesses and the risk factors are on the rise. Some of these Cyber crimes are so severe, and other than a potential payout these policies can't easily restore your business in the same way a house can be re-built in the traditional sense.
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(Great article Kate, easy to read and not full of techinical jargon) Kate is right Wendy, most Insurance Brokers would be more than happy to offer you a review to check what you do have in place is adequate, and, if you do have the right cover they will tell you so, then review with you at renewal. The reason they dont 'push for a sale' is because a broker represents the client, not the insurance company, and that makes a big difference to the type of advice you receive. Could you imagine not asking for a free review of what you have, then something happens to your business that could have been easily covered that you overlooked but a broker wouldnt have?
Kate FairleyOwner at Get Informed
It certainly is, it's also never too late to have a broker review your current insurances to see if there are any gaps you're exposing yourself too, all at no charge because all you're really doing is getting a quote. Same as if you got a quote for a kitchen remodel, it's just a quote, no pressure, no obligation. Hopefully Phil won't have a problem with my saying that you can find a broker on Get Informed ;)
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