How Does an Offset Account Work? Save Thousands on Your Home Loan
If you’ve ever asked, “How does an offset account work?” – you are not alone. Offset accounts are one of the most powerful yet under-utilised tools available to Australian homeowners. At Lending Association, we get this question often – and for good reason. When used correctly, an offset account can save you thousands in interest, […]
Understanding Contractors Insurance Risks and Their Impact on Your Business
As a business owner, you may be weighing up the pros and cons of hiring full-time employees or contracting out some of the work to individuals. But have you considered the risks and impact on your insurance cover and talked to your insurance adviser about your plans? Hiring individual contractors can be cost-efficient and fill […]
Crop Insurance Australia: A Farmer’s Guide to Coverage and Risk Management
Crop insurance can be a great way to manage some of the financial risks for farmers. Understanding the variety of cover available from a range of insurers with different areas of specialty can be complex and time-consuming. The distinction between pre-harvest cover and post-harvest declaration cover is crucial for farmers to understand to ensure adequate […]
How to Pay Off Your Mortgage Faster: Smart Strategies That Really Work
One of the most common questions we get at Lending Association is, “How do I pay off my mortgage faster?” It’s a great question – and the good news is, there are tried and tested strategies that can help you get ahead financially. Reducing your loan term by even a few years can save you […]
Annual Insurance Review: Protecting Your Business as It Changes
Businesses change, so do industries and products. Your annual insurance and risk review provide an important opportunity to make sure you have the right amount and type of cover for the coming year. A quick annual check can help avoid any gaps or shortfall in your insurances, ensuring your major financial risks are protected or […]
Hedging in Agriculture: Why and When to Hedge
In the world of agriculture, unpredictability is the norm. From fluctuating market prices tochanging weather patterns, farmers face a unique set of challenges that can impact theirprofitability. One way to navigate this uncertainty is through hedging; a financial strategy thatallows farmers to protect their operations against price volatility. What is Hedging?Hedging is like an insurance […]
Aussie Dollar Outlook: What It Means for Australian Farmers and Agribusiness
The Australian dollar (AUD) plays a pivotal role in shaping the fortunes of Australian farmers and agribusinesses. Fluctuations in the currency’s value directly impact export competitiveness, import costs and overall profitability. Understanding the outlook for the Aussie dollar can help farmers navigate the challenges and seize the opportunities these shifts present. Current Trends Impacting the […]
Succession Planning in Agriculture: The Benefits of an Ordered and Early Process
For many Australian farmers, their land and business are not just livelihoods, it is their legacies. Succession planning ensures that this legacy transitions smoothly to the next generation or new custodians. While it can be a complex and emotional process, starting early and maintaining an organised approach brings significant benefits to farming families and the […]
Historic Value of Agricultural Land Over Time: A Tale of Growth and Resilience
The value of agricultural land has undergone remarkable transformations over time, reflecting changes in global economics, population growth and land use priorities. In Australia and across the world, the interplay between rural and metropolitan land values tells a compelling story of how farming regions have evolved alongside urban centres. The Evolution of Agricultural Land Value […]
Latent defects insurance coverage for construction projects
When it comes to property development and construction, unforeseen structural issues can pose significant risks. Latent defects insurance is a type of coverage that protects property owners, developers, and builders against unforeseen structural issues, faults, or defects that may not be immediately apparent but can emerge after construction. At LA Insurance we specialise in finding […]