In this episode, Paige Estritori covers the latest in insurance news for Australia's construction and travel sectors. There's a silver lining for hardworking tradies as intense competition among insurers drive down construction insurance premiums by 5-15%. However, insurers are maintaining strict underwriting for risk management. The episode suggests that tradies regularly review their policies, reinforcing the importance of insurance against theft, adverse weather, and volatile material costs. The discussion shifts to travel insurance, revealing a worrying trend where one in seven Australians travel uninsured, risking possible unforeseen, crippling costs. The importance of comprehensive travel insurance is further backed with 2024 data, showing that medical incidents constitute over 40% of insurance claims, emphasizing the potential financial implications of medical emergencies abroad. Visit Financial Services Online for more on your insurance needs.