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New South Wales Lotteries gets it mostly wrong over requests for COCs on insurance

As most Newsagents know, Newspack Insurance is a wholly owned subsidiary of The Newsagents Association of NSW and ACT Ltd. NANA is aware that New South Wales Lotteries/Tabcorp/The Lott recently requested a considerable number of Newsagents supply a Certificate of Currency (COC) for their mandatory lotteries insurance. By implication, NSW Lotteries/Tabcorp/the Lott may have been […]

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The risks of under-insuring your Newsagency business

Under-insurance is more common than you think. Industry figures show up to 62% of small-to-medium-sized businesses including Newsagencies don’t have correct-value insurance. So, whether you’ve self-assessed or secured professional valuations for your business plant, equipment, and property, you might still be at risk of underinsurance. Here’s why:

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Final warning on mandatory lotteries insurance

Newspack Insurance is the dominant provider of mandatory lotteries professional indemnity insurance in NSW and the ACT. Whilst most policies were due to renew on 30 June/1 July 2021, there are still a handful of policies which are still outstanding. Final notices have been issued to those Newsagencies that have not renewed their policy. If […]

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