The latest Cyber Crime statistics from the Australian Cyber Security Centre (ACSC) show that there was a cybercrime reported every 10 minutes, totalling 60,000 in the past 12 months. The most common type of cybercrime reported is Fraud (40%) which includes online romance and investment scams, Identity theft and misuse of personal information (32%), followed by cyber related abuse (22%). Continue reading Remaining cyber aware and cyber safe
Whatever the location of your business in Australia, it’s likely that you will be faced with an extreme weather event or possibly a natural disaster at one time or another. The evidence for extreme weather events speaks for itself with areas of Australia experiencing floods, cyclones, severe storms and bushfires over the past few years (and often during one single year). So how can you protect your business and ensure that you keep everyone safe?
Continue reading Protecting your business from natural disasters & extreme weather
With the events of 2020 affecting both the insurance industry and the business sector, knowing how insurers view your commercial property’s risk profile can be empowering. That’s because this knowledge has a direct impact on your company’s ability to access the type of insurance required at a price that is affordable.
Continue reading Do you know how an insurer views your company’s risk profile?
The worst time to find out that your business is underinsured is when your claim is part paid, or you realise that your insurance doesn’t cover all your stock, goods or equipment. So, what does it mean to be underinsured and how can you avoid this for your business? Continue reading What it means to be underinsured and how to avoid it happening to your business
With the rapid increase in online shopping, spurred on by the 2020 pandemic, many SMEs are now realising that a website should be one of their immediate business goals. Tapping into this growing pool of online shoppers is a quick way to expand your target audience and grow your revenue. But where do you start?
Here are five steps to getting your small business online as quickly as possible. Continue reading How to get your small business started online
If you provide services or advice to people as part of your job, it’s fair to say that you always do your best to make sure that nothing goes wrong. Given your qualifications and experience, you make sure that your services are first class and your advice is exemplary.
Unfortunately, despite all the care in the world, things can go wrong Continue reading Why do you need professional indemnity cover?
The vast majority of SME owners have a knack for managing their business and their time, which is why they always have one eye on the future. Processes that maximise their time are extremely useful, as are specialists and experts who can manage the details, leaving them to manage the big picture. So, it comes as no surprise to learn that many SME owners leverage experienced insurance advisers to ensure that they receive the right cover at the right price for their business.
Continue reading The benefits of using an adviser for SME businesses
Given that the majority of businesses have experienced one of their toughest challenges in 2020, it makes sense to take a step back and reassess your goals for the next 12 months. This can be viewed as your ‘recovery year’, where you reassess the health of your business and make plans to operate under the new post-COVID ‘normal’.
Continue reading Assessing your business’ health and planning for the next year
In the past few months, we have seen many news reports predicting that the El Niño Southern Oscillation (ENSO) will enter a cooling phase this year, changing from an El Niño to a La Niña season. These reports have been followed by more recent announcements that the drivers for this event have been fulfilled, meaning that the cooler La Niña phase is now active.
The result of a La Niña phase is that we can expect multiple extreme weather events across the Pacific and into the northern and eastern parts of Australia from now and well into 2021. Above average rains, flooding and more cyclones than normal, off the coast of Queensland, are forecast over the next few months.
As the end of 2020 approaches faster than ever, it’s appropriate to take a look at where we have been and what the future likely holds for the insurance industry. That’s because at Insurance Advisernet we are committed to building a sustainable future where our clients and community can grow and prosper, despite the distresses of the past year.
So let’s take a look at some of the major obstacles and natural disasters that we, as a community, have overcome this year. Not forgetting to give credit to the many SMEs that have demonstrated their overwhelming strength and resilience, time and time again, in the face of extreme hardship. Continue reading A year in review – Insurance 2020
