Compliance Breaches Found in Half of Builder Audits Recent audits by the NSW Government are a worry for the building industry. Nearly half of the building and renovation companies audited were found to be operating without the required insurance coverage. We’re talking about home warranty insurance. This crackdown is part of the government’s broader effort [...]

A huge number of the more than 2.5 million businesses operating in Australia start life at home. One statistic indicates more than half (51 per cent) of small businesses are born at home. Running a business from home can give you a huge amount of freedom. It can be a great way to balance work and family life. It [...]

More than half (53.3%) of all Australian small businesses expect to grow in 2024, according to research released by accounting body CPA Australia. This is great news for the many dynamic entrepreneurs running these exciting ventures. As your business grows and evolves, so could your insurance needs. Expanding your business, whether by increasing the scope of [...]

Franchising is a popular business model and is often a way for people to start out running their own business because it provides so much support and guidance. There are also franchise models in virtually every industry, from the popular fast food chains like McDonalds and Pizza Hut to Snap on Tools and 7 Eleven. As [...]

You may be paying for insurance, but if you’re underinsured, you could be taking a big risk. In the case of a disaster, you might have to pay the balance between the amount insured and the actual costs. For example, if the cost of replacing your building and contents is $4 million but they are [...]

It’s a season of new growth and revitalisation, which is why spring is the perfect time to make sure your insurance cover is fit-for-purpose for your business. Regularly reviewing your insurance coverage is crucial to help ensure that it’s appropriate as your business evolves. Here’s a guide that can help you effectively spring clean your [...]

Electric vehicles (EVs) are revolutionising the automotive industry with their eco-friendly design and efficient performance. And governments across Australia are offering incentives for businesses and consumers to invest in EVs. If you’re tempted to buy an EV for your SME, read on. We’ll explain the pros, cons and risk management considerations. Benefits of EVs for [...]

When you’re working in the gig economy you have the flexibility to choose the days and hours you work.  There’s also a wide range of jobs on offer, from driving for a rideshare service, delivering food or providing household services, to working freelance as a consultant. “Some people work a few hours a week to [...]

Bushfire, cyclone, flood – Australia is no stranger to natural disasters. Their effects can be devastating for small businesses that have their operations disrupted or their assets damaged or destroyed. Here’s a guide on what to do if your business is impacted to help with your recovery. Ensure everyone is safe. Depending on the circumstances, that [...]

Artificial intelligence (AI) tools such as ChatGPT are revolutionising SMEs, offering incredible potential but also introducing new risks. As an SME offering professional services, consider how these tools could impact your business and how to navigate the associated risks. Here’s our up-to-date guide (and spoiler alert – there’s a bow tie involved). The Growing Use [...]