The recent cyber attacks on Optus and Medibank Private compromised personal information from around 14 million customer accounts. At the same time, companies including Uber, Telstra's staff rewards program and wine dealer Vinomofo were also under attack. Cybercrime in Australia is on the rise. According to the Australian Cyber Security Centre’s annual threat report, more than 76,000 events were [...]

When it comes to buying insurance, the choices are simple: do it yourself or use an insurance broker. While it may be easier to go direct, especially with the growing availability of online products, a broker can provide you with added value and assistance when you most need it. Price isn't everything Small businesses on [...]

The news of another La Niña has many businesses concerned, especially those in eastern Australia, many of which are still struggling to get up and running following this year’s previous catastrophes. Disasters such as fires and floods have a horrendous impact on communities: the combined insurance damage from the 2021 and 2022 storms and flooding was [...]

Higher rental yields, longer leases and tax benefits are some of the many reasons commercial properties can make for appealing investments. But, as with any asset, there are risks. Many investors are taking a closer look at commercial property investments as residential property yields moderate across the country. So if you've taken the leap, or [...]

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. [...]

As the owner of a small business, reducing your carbon footprint is more than a nice thing to do. A growing number of customers are including environmental responsibility in their purchasing decisions, so taking action may have a positive impact on your business. It may also have an impact on your ability to attract quality [...]

COVID-19 led to many more people starting small businesses from home, often as a side hustle. But even a micro business can affect whether your current insurance policy is valid. So, what kind of insurance may you need to run a business from home? We’ll explore that. But first, it’s time to check what may [...]

Opening a new restaurant is an exciting time. There’s so much to think about – setting it up, branding and finding staff, for instance. Aside from these basics, insurance is one of the most important considerations you will need to make. Let’s say you you’re opening a new Thai restaurant, for the purpose of this [...]

Businesses have been hit with plenty of disruptions over the past few years, from COVID as well as from natural disasters. Some business insurance packages have changed to adapt to the new circumstances, so it’s important to check what’s covered and whether you need to update your policy. Don’t count on COVID cover The pandemic [...]

You recall a batch of biscuits because they’re carrying the wrong label. How will your insurance respond? According to Michael White, Steadfast Group’s Broker Technical Manager, that may depend on exactly how the label misleads. “If there are nuts in a product when the label says it’s nut free, this is potentially dangerous to consumers,” he says. [...]