Flood Risks are Rising
Flood Risks are Rising. Is Your Home Insured Against Damage? Flooding is a major and worsening risk for many Australian property owners. Recent findings from Monash University reveal that 370,000 homes and 120,000 commercial properties face a [...]
CrowdStrike incident
Lessons for small businesses from the CrowdStrike incident In July 2024, global cybersecurity company CrowdStrike brought the internet to its knees, with a glitch in its software update that caused widespread system crashes with computers [...]
a more stable outlook ahead
Economic update for small businesses: a more stable outlook ahead As a small business owner, being informed about the economic landscape is crucial for making sound strategic decisions and being able to adapt to changing [...]
Combat Staff Attrition
Combat Staff Attrition with These Simple Strategies Staff attrition continues to be an issue for businesses. Across Australia, staff turnover averages 15% a year, or about one in six employees, according to the Australian Human [...]
Impact of Global Risk on Your Business
The Impact of Global Risk on Your Business Strategy Impact on Your Business Strategy These shifts can throw a spanner to the works in markets, supply chains, and even customer demand. This article will help [...]
Report Hacker Payments
Avoid Fines: Ensure Your SME Reports Hacker Payments The Federal Government has put its planned ban on ransom payments to hackers in the ‘too-hard basket’. But what they’re doing instead should make even your small-to-medium-sized [...]
Compliance Breaches Found
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 [...]
Essential insurance when you work from home
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 [...]
What insurance do you need when growing your business?
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. [...]
Insurance essentials for franchisees
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 [...]
How to find out if your small business is underinsured
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 [...]
Spring clean your business’s insurance cover
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 [...]
Electric Vehicles & Insurance
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 [...]
Insurance in the gig economy: what workers need to know
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 [...]
Dealing with a natural disaster
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 [...]
ChatGPT: How Risky is it for Professional Services?
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 [...]
10 Tips for Buying Business Insurance
10 Essential Tips for Buying Small Business Insurance As a small business owner, you might be overwhelmed working out what your risks are, how to deal with them, and which need insurance coverage. And that’s [...]
Insurance for tourism industry
Insurance for your tourism business: An industry guide Australia is home to around 103,000 tourism businesses. If yours is among them, you’ll know how dynamic and unpredictable the industry can be. Having the right insurance cover can [...]
Insurance Tips for Real Estate Agents
Essential Insurance Tips for Real Estate Agents In the fast-paced and unpredictable world of real estate, having the right insurance coverage for your business offers a safeguard, risk mitigation and peace of mind. Real estate [...]
How will ESG risks impact my small business?
Environmental, social and governance (ESG) strategies and planning are fast becoming a necessity for businesses, rather than a nice-to-have. It’s not just big corporates – even the smallest enterprises should consider ESG risks and how [...]
High-priority insurances when starting a business
When you're going out alone for the first time, there's lots to organise and even more to pay for. While it is not always at the top of an entrepreneur's To-Do list, ensuring you have the right [...]
Storing and transporting dangerous goods
Too many businesses underestimate the caution required in storing and transporting dangerous goods. Dangerous goods come in many shapes and sizes: from those that require hazmat suits, like radioactive and infectious materials, to seemingly innocuous [...]
How AI will affect your small business’s insurance needs
While artificial intelligence has been around for years, the launch of ChatGPT in late 2022 pushed the technology straight to the top of many business agendas. Today, Australian enterprises of all stripes and sizes are [...]
Keeping insurance costs down in 2024
Five ways to keep your business insurance costs down in 2024 With costs rising across the board, maintaining margins and profitability is a challenge for Australia’s two million-odd small business owners. Finding ways to cut [...]