In a communication to members yesterday, Ann Nugent QLD CEO of the ANF provided advice on insurance. My understanding is that Ann is not licenced to provide this advice. If Ann was licenced to provide the advice the licence number ought to appear on the advice. Ann could have sent the information saying as advised by the QNF brokers but she has not done this.
Ann’s advice refers to the risk of underinsurance. There is evidence circulating in Queensland of underinsurance being offered by providers to the newsagency channel. One can only guess that this is being done to achieve a lower premium. Such a goal does not make good business sense. As with any such business decision, be cautious and be satisfied that you know what you’ve got. Seek the advice of a professional.
The QNF is an industry association purporting to represent newsagents. Their communication needs to declare any commercial arrangement on the matter being communicated.