Greenlife Industry Australia (GIA) along with AB Phillips and KJ Risk Group hosted a lunch time webinar to discuss the feasibility of an industry Discretionary Mutual Fund (DMF) in order to provide a practical and cost-effective method to manage business insurance with an all of industry insurance solution.
The webinar cover topics such as:
- What is a Discretionary Mutual Fund (DMF)
- Why do we need a DMF
- Who runs the DMF and how does it work
- The greenlife industry feasibility study
Questions asked following the webinar are listed below. GIA will have AB Phillips respond in the next eNews to these questions in addition to any further questions asked after watching the webinar.
Our business has a situation where the main assets of our business are currently not insured. These assets are horticultural structures (greenhouses and shade houses) and then also stock under cover. We also cannot get BI Insurance. What happens in this situation?
Could you clarify the capitalisation of the fund to kick start, is this solely through group purchasing by the group, or external source eg govt?
What is the risk you as a grower are taking?
Is this something that is Australia wide only or could we include neighbouring countries such as NZ
Do you have any examples that are a group of companies or association members that you have done this for in the past?