Five trends to boost your business in 2024 With inflation and rising interest rates continuing to take their toll, Australia’s economic outlook for the next 12 months is lacklustre. The Reserve Bank has predicted GDP will grow by just 1.75 per cent in the year to June 2024. That means small businesses will have to work [...]
How to help ensure your business is well insured in 2024 Insurance is essential for every Australian business. Designed to help you recover following an accident or incident, it's can arguably be one of your most important investments. But it can also represent a significant expense. That's why it pays to spend time and effort [...]
Tools to help your business prepare for bushfire season There are many useful and official resources to help businesses prepare for summer bushfire season and other risks. It’s also essential to have the right insurance cover in place so that if your business does experience a natural disaster, you can get back on its feet [...]
El Nino is here – what does your business need to do? After enduring three ultra-wet summers, Australia is in for some extreme weather of a different kind. In September 2023, The Bureau of Meteorology declared the country was officially experiencing El Nino weather patterns. That occurs when Pacific Ocean temperatures rise, resulting in a shift [...]
What to know about business interruption insurance this bushfire season The past few years of natural disasters, from bushfires to floods, have reminded many business owners about the importance of business interruption (BI) insurance. It's been the difference between keeping their doors open or closing shop for good for some businesses. Business interruption (BI) insurance [...]
How can farmers and primary producers help prepare for El Nino Australian farmers are all too familiar with the risks dry weather can bring, and with El Nino upon us, those risks have increased drastically. Unfortunately, the dry, hot weather associated with El Nino weather patterns can increase the severity of bushfires. And the Black Summer [...]
Understanding how landlord insurance works Property can be an excellent long-term investment, but it doesn’t come without risks. There can be a chance your tenants may default on the rent, steal items from the property or cause damage that their bond may not cover. The rental income you rely on to pay the mortgage could [...]
How Artificial Intelligence can help your small business Businesses of all shapes and sizes are starting to embrace artificial intelligence (AI) powered tools such as ChatGPT. Its uses are almost limitless, from writing marketing content to generating business proposals and so much more. But it's also important to understand its limitations and risks. What is [...]
Is the global reinsurance landscape impacting your business? In its simplest terms, reinsurance is insurance for insurance companies. Unfortunately, global reinsurance is impacting businesses of all sizes following an increase in catastrophic events across Australia. Insurers paid out $36.5 billion in claims in 2022 alone, according to the Insurance Council of Australia. There were more than [...]
‘Tis the season – how businesses can make the most of holiday spending The holidays are coming up and now is the time to start thinking about launching those promotions for Halloween, Black Friday, and Christmas. Getting ready for this period requires strategic planning and preparation, well ahead of time. But a little forward planning can [...]
