Insurance is an essential part of protecting yourself and your assets from potential risks and liabilities. However, choosing the right insurance policy can be a complicated and overwhelming process. This is where the services of an insurance broker can be incredibly valuable. In this blog post, we will discuss the benefits of using the services [...]
Who Needs Public & Product Liability Insurance? If you own a business, it's important to understand the risks and liabilities associated with your business activities. One of the most critical risks to consider is the potential for injury, loss, or damage caused by your business operations or products. That's where public and product liability insurance [...]
The Importance of Travel Insurance After COVID After over a year of being stuck at home, many people are eager to resume travel plans. However, as we've all learned during the COVID-19 pandemic, unexpected events can disrupt our plans and have significant financial and health consequences. That's why travel insurance has become more critical than [...]
The Importance of Insurance in Protecting Your Business As a business owner, you know that running a business is not easy, especially in uncertain times. Business owners face a variety of risks and liabilities, from natural disasters to lawsuits, that can threaten their financial stability and even the survival of their business. That's why it's [...]
With Australia’s inflation rate sitting at 7.4 per cent in January 2023, business owners around the country are facing higher costs. Raw materials, goods and services and energy costs are all going up. So are wage bills, as employees look for pay rises to help them combat the soaring cost of living. Some businesses may [...]
Professional indemnity insurance can provide cover for businesses and individuals who deliver professional services from the legal costs and claims for damages from an act, omission or breach of duty that occurs as a result of their actions. This insurance may provide cover should: A web designer face legal proceedings after using an image for [...]
Australia is home to more than 30,000 restaurants, 28,000 cafes and coffee shops and 9000 pubs, bars and nightclubs. If yours is one of them, you’re likely to already be familiar with some of the challenges that are part and parcel of running a hospitality business. It also pays to be prepared if you plan to open your own establishment. There’s [...]
How to prepare a succession plan for the sale of your small business in 2023 For many of Australia’s army of small business owners, keeping their operations running profitably in the here and now is usually the most pressing priority. Preparing for the next step – selling or transferring ownership of the business to a [...]
Ten steps to help prevent a cyber attack in your business The latest cybercrime statistics make for sobering reading, with a 75 per cent rise in ransomware attacks in the 2021/2022 financial year and up to 200,000 vulnerable routers in Australian homes and small businesses. The Australian Cyber Security Centre’s (ACSC) most recent annual report states medium-sized businesses [...]
How does rising inflation affect small business' insurance requirements? The rising inflation we're experiencing now is affecting insurance in a number of ways. Materials commonly used to replace damaged properties, such as building items and even labour, are in short supply, driving up replacement costs. Steadfast Broker Technical Manager Michael White says in these times, [...]
