With costs rising across the board, maintaining margins and profitability is a challenge for Australia’s two million-odd small business owners. Finding ways to cut costs is vital for many. But some expenses are essential, and insurance is one of them. Without it, your business may struggle to … [Read more...] about 5 Ways to keep your business insurance costs down
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
Cyber Insurance Alert regarding Apache Log4j Vulnerability
A serious software weakness in Apache software is exposing billions of devices globally. Log4j is a software utility that has been integrated into countless apps and IT platforms. Recently discovered security flaws are being exploited by cyber criminals to attack IT systems in Australia and … [Read more...] about Cyber Insurance Alert regarding Apache Log4j Vulnerability
The lessons for us all from Perth’s recent bushfires
The lessons for us all from Perth’s recent bushfires February’s bushfires savaged Perth’s north-east with 86 properties destroyed over several days as it burnt through more than 11,000 hectares. By late February, more than 730 insurance claims were lodged totalling more than $60 million, … [Read more...] about The lessons for us all from Perth’s recent bushfires
Getting Your Business Ready for La Nina
Being able to protect your business against all eventualities is crucial for success. One threat that is more likely than others is storm season. Last year alone, storm damage and natural disasters cost Australian businesses more than $18.7 billion - a figure that is set to double over the next … [Read more...] about Getting Your Business Ready for La Nina
What’s the difference in the way insurers treat storms and flood?
While damage to homes often receives media coverage in the event of a major flood, businesses are just as at risk when a weather event of this nature happens. So it pays to understand how insurance responds in the event of a flood or storm. Let’s look at flood first. After a number of … [Read more...] about What’s the difference in the way insurers treat storms and flood?
Preparing for social media risks
Social media risks for businesses have increased since recent court cases found some Facebook page administrators of public pages are considered to be primary publishers of third-party comments. The cases, heard in the NSW Supreme Court of New South Wales, involved an individual who sued a range … [Read more...] about Preparing for social media risks
Is your strata insurance really looking after you?
Building defects are a common issue many investors and homeowners face. In fact, as many as 85 percent of new strata properties have defects. Some building flaws may seem trivial or superficial at first. But the reality is that if defects are not dealt with properly, a building can become … [Read more...] about Is your strata insurance really looking after you?