Cybercrime Warfare. From July 2022 to June 2023, there were 94,000 cybercrime reports (up 23%), and the average cost of cybercrime per report increased 14%. On average, Small Businesses lost $46,000 | Medium Businesses lost $97,200 | Large Organisations lost $71,600 Cyber incidents are now … [Read more...] about Enhance your Cybersecurity Posture in 2024
Are you at Risk of being Under-insured?
Why being Under-insured is a major risk. Under-insurance occurs when a business holds insurance coverage that falls short of its actual value or potential liabilities. In essence, it means that the business is not adequately protected in the event of a claim. For small businesses, being … [Read more...] about Are you at Risk of being Under-insured?
Online Shopping this Christmas Period
Online shopping is convenient and the preferred way to shop for a lot of Australians, especially during the Christmas break. But it comes with a risk. Cybercriminals often target online shoppers to steal their money or their personal details. They do this through a variety of methods, … [Read more...] about Online Shopping this Christmas Period
Tudor Insurance Australia partners with SafetyCulture to kickstart an improvement movement for their clients
Tudor Insurance Australia partners with SafetyCulture 2 November 2023: Tudor Insurance Australia has officially joined SafetyCulture’s Partner Program as a Referrer, meaning it will partner with the global technology company to provide innovative solutions and help businesses to transform … [Read more...] about Tudor Insurance Australia partners with SafetyCulture to kickstart an improvement movement for their clients
How to help prepare your business for an El Nino summer
All the data points to a hotter than-average summer, which means Aussie businesses should prepare for extreme weather during the warmer months. Here are some steps you can take to help prepare your small business, in case droughts and floods affect your area. The Australian Actuaries Climate … [Read more...] about How to help prepare your business for an El Nino summer
Combatting Cyber Threats: The Importance of Active Cyber Insurance
Active Cyber Insurance: The Solution to the Rising Threat of Cyber Attacks Introduction In 2023, the world experienced a resurgence of ransomware attacks, surpassing previous records and leaving businesses vulnerable to the malicious intentions of threat actors. As the months passed, these threat … [Read more...] about Combatting Cyber Threats: The Importance of Active Cyber Insurance
Understanding Product Liability Insurance: Coverage, Importance, and Timing
What Does Product Liability Insurance Cover and When Do You Need It? As a business owner or manager, you understand the importance of protecting your company from potential risks. One such risk that can have significant financial implications is product liability. Picture this: you've worked … [Read more...] about Understanding Product Liability Insurance: Coverage, Importance, and Timing
Why is Management Liability insurance important for your business?
Conflicts arising from the workplace have become increasingly common, in particular with current market conditions affected by the global pandemic. SMEs are subject to legal action which can be financially devastating for both the business and its executives. The need for Management Liability … [Read more...] about Why is Management Liability insurance important for your business?