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What you need to know about landlord insurance

If you’ve scrimped and saved in the hopes of achieving financial security through an investment property it makes sense to insure such a valuable asset. It’s no secret that Australians are among the most real-estate obsessed people in the world. Around two million Australians own an investment property. A disproportionate number of these people have their own business. They [...]

Why businesses use an insurance broker

Small business owners tend to be born optimists with little inclination to think about what could go wrong. That’s why it pays to have an insurance broker in your corner to safeguard what you’ve worked for. Paul Harrison’s family-owned shoe shop in Sydney’s Neutral Bay has operated out of various locations for more than half a century. [...]

How to reduce your business insurance costs

More expensive premiums, higher excesses and narrower coverage are set to become an insurance reality for many Australian businesses. Here’s how SMB's can prepare for a hardening market. Australian businesses have benefited from a soft insurance market for some years now, but it's time to prepare for a change. We spoke with Steadfast Broker Technical [...]

How can Premium Funding help my business?

Premium funding is a great way to smooth out your business insurance costs over the course of the year. It means rather than having to pay the total amount of the premium upfront, the business can pay it off in instalments, plus interest. The cost of the interest will usually be a tax deduction for [...]

Farm insurance tips straight from the horse’s mouth

Insuring a farm can be a complicated business. We asked someone with a foot in the worlds of both agribusiness and insurance to provide some insights. In his early thirties, John Dunk stopped working on the farm that had been in his family for three generations and entered the insurance industry. He has now spent [...]

The customers your business needs to avoid

Every customer’s a good customer, right? Wrong. There are some customers you should avoid at all costs. It can be hard – particularly when you're starting out or when business is slow – to turn away a customer. But there are some customers that put your time, money – and a whole lot more – [...]

5 risks to manage when hiring your first employee

So your business is getting so busy that you need a helping hand? Great stuff. Here's a guide to hiring your first employee. Congratulations – hiring your first employee is a mammoth step in the journey of any business. It’s also a risky step. This is a new boss’s guide to minimising that risk. 1. [...]

How to run your business profitably and pay yourself

So you’ve got that burning desire to start your own business. You’ve honed your particular product or service down to a sure fire proposition, you’ve researched the market, identified the demand you’ll meet and it’s all systems go. It’s an exciting time, but it’s also a time when you need to make decisions that could [...]

What insurance do I need for my business?

If you're just starting out in business, insurance should be a top priority. This is because once you have opened a new business, insurance can be one of the most important factors in ensuring you stay open. According to John Clark, Steadfast’s Broker Support Manager, your first priority should be ensuring you have the statutory [...]

Managing supply chain risks during the pandemic

Many businesses have experienced frustrating delays in having their goods delivered to customers during the pandemic due to planes being grounded and lockdowns. If your business has been affected by pandemic-induced delivery disruptions, there are steps you can take to help manage supply chain risks and insurance can play a role. Kiri Yanchenko, founder of [...]