Business owners manage a whole host of risks, bushfires are just one. Depending on where you live the main fire season can vary from Winter & Spring for the northern Australian states and territories to Summer for the southern states and territories. It’s important to prepare and part of the preparation is to check your insurance is adequate. Continue reading Tips to prepare and protect your staff & business this bushfire season

Most small business owners are aware of cybercrime, hacking and the dangers of ransomware, but have you ever considered that social media might be a problem?

It’s fair to say that social media has a positive impact on many small businesses, virtually transforming the way they communicate with their target audiences. In fact, businesses with a large social media following can significantly boost their sales and revenue very quickly. So how can social media have a negative impact on your business? Continue reading Making sure your business is social media secure

When it comes time to renew your business insurance policies, a lot of business owners only give the renewal notice a brief glance, not really paying attention to make sure it’s the best cover available. The problem with this approach is that you can end up underinsured or with the wrong mix of insurances. In the current hard market cycle of the insurance industry, where premiums and excesses are rising and the number of insurers offering quotes are reducing, it’s more important than ever that you not only renew your policies, but that you review them as well. Continue reading Don’t just renew: a guide to reviewing your business insurance

You will already be aware of the main threats to your business, such as fire, theft, vandalism, storm damage and cyber-crime. However, whilst your premises are unoccupied or temporarily shut down during lockdown, these now regular circumstances for many Australians highlight additional risks that you might not have had time to consider. These are risks to your business or buildings when closed or unoccupied for an extended period of time, which can pose a significant threat. You will also need to let your insurance company know, if the closure or unoccupancy is likely to be more than 30 – 60 days, as it can have an impact on your insurance coverage. Continue reading Safeguarding your business premises during COVID-19 temporary closures

If small business owners focused on the negatives, they would never be successful. However, there’s a risk in always focussing on the positives and ignoring what could go wrong. This is where an insurance adviser comes into the picture because they focus on the negatives for you, minimising and reducing the financial risk to your business. Continue reading The value of using an insurance adviser for your business insurance

As a business owner, one of your biggest priorities is to manage and reduce the risks, including financial risks faced by your company. These risks can include boarder closures, lockdowns, new competitors in your market space, health and safety risks at your warehouse, data breaches/hacking, and so on. There are many ways to mitigate these risks, one of the strategies you have available is transferring your biggest financial risks by taking out insurance. Continue reading How do you balance the costs of insurance with the risks to your business?

With the end of another financial year fast approaching, it’s time to prepare for your EOFY obligations. This most probably means spending long hours at your desk in addition to your usual workload, simply to get all the paperwork completed. The problem is that it’s not just your tax that needs to be finalised, there’s a whole range of other EOFY responsibilities and obligations that need to be addressed by small business owners. Continue reading Setting your business up for EOFY

As an astute business owner, you may have noticed that insurance costs in Australia are generally trending upwards, between 10% – 20% for business (30% or more if significant claims or higher risk industries) with home insurance averaging increases between 10% – 15%. This is due to several different factors Continue reading The current insurance market and adapting to the changes

If your commercial premises are flooded during a storm and you have flood insurance, you would most probably make a claim and expect a payout. Unfortunately, if you don’t have flood cover there may be an issue when making a claim. Knowing the difference between what’s storm water damage and what’s flood damage under an insurance policy can make a huge difference. Continue reading How insurers classify storm vs flood damage

As a business owner, you do everything within your power to make sure that no-one is injured, or property damaged when you’re working or during a visit to your office or factory. However, sometimes the unthinkable happens and someone is injured, or building, plant and equipment becomes damaged. As a result of the injury, this person cannot work and loses income, or worse, may be permanently injured. It’s at this point that you or your business may become legally responsible. Continue reading Understanding Public Liability Insurance