There are special considerations when it comes to insuring electric and autonomous vehicles. Autonomous and electric vehicles are still in their infancy in Australia, but it won’t be long before they are a common feature of our roads. The number of electric vehicles (EVs) sold in Australia doubled in early 2021 versus 2020. In the UK, there are [...]

Every 10 minutes on average, another Australian small business reports a cyber crime, according to the Australian Cyber Security Centre. And more than four in 10 cyber crimes committed in Australia target small businesses, says Business Australia. Scams and victim numbers are increasing. The government’s Scamwatch website reports $211M lost through scams from 1 January to 19 September last year [2021]. [...]

The gross written premium for general insurance jumped 8.7% in the 2020-21 financial year. This includes commercial policies. With such a hardening market for premiums, how can you minimise the anticipated premium rise this financial year? Why your insurance premiums increase Insurers calculate premiums by reviewing the risk factors of your business as well as those [...]

As COVID-19 vaccination rates rise across Australia, many staff with the option to work from home are returning to their workplaces part-time while logging the rest of their hours remotely. This is a more challenging prospect for businesses than it sounds, not to mention the possible implications for your insurances. According to a CSIRO and NBN [...]

If you’ve ever experienced a flood, you’ll know why it’s one of the costliest natural disasters. Water finds its way into everything and can cause extensive damage that’s both difficult and expensive to fix. Floods often happen with little warning and water can rise quickly, so be prepared and have a plan in place well [...]

Insurers have welcomed a Federal Labor pre-election promise to invest up to $200 million a year on disaster prevention and resilience. The Insurance Council of Australia (ICA), which has long called for increased mitigation spending, says the commitment would meet a Productivity Commission recommendation. “Regardless of the outcome of this year’s election, the next Australian [...]

A bold 15-year roadmap for Australia’s infrastructure is betting on a ‘digital-first’ approach to accelerate our country’s post-pandemic economic recovery. Released in early September, the 2021 Australian Infrastructure Plan is urging governments to lead the digital transition to unlock significant productivity gains and efficiencies in infrastructure planning, delivery and operations. If governments, as public infrastructure’s regulators, funders, owners [...]

Being underinsured in a 'total loss' property claim can have dire financial consequences. Whether deliberate or not, about a quarter of property owners don't insure their buildings for the correct replacement value. Might you be among them? It can be complex arriving at the correct figure, so this article will explain how you can settle on accurate [...]

With the countdown to the festive season already upon us, how prepared is your business to close for the holidays? Use this handy checklist to tick off the fundamentals before you lock up and leave. When and when not to broadcast your closure dates Get the message out about your closing dates with minimal effort. [...]

Your business is undoubtedly familiar with the nuts and bolts of your disaster recovery plan due to the current pandemic. It's a much-changed landscape for risk. So how can you use your insights to better plan for the implications of possible management liabilities in the current climate? Management liability exposures include, but are not limited [...]