Australia is known for bush fires and floods. With the changing climate and weather patterns throughout Australia, there has been an increase in extreme weather events. Recently we have witnessed extreme droughts, devastating fires and floods with more intensity and frequency.

As the recent extreme storms and flooding in Northern NSW and Southern QLD have shown, this exposes people, property and businesses to injury, property loss or damage and the inability for businesses to trade.

So, planning for the type of extreme weather that impacts your region, whether it’s cyclones, bush fires or storms, is a great start to protecting your staff and minimising the financial impact on your business.

Continue reading Expect the Unexpected: Preparing Your Business & Staff for Severe Weather Emergencies

Do you operate a marine business? Transport goods? Marine insurance can provide you with peace of mind knowing that your business is covered. The variety of Marine Insurance policies helps you tailor the best cover for your business, some explanations of Marine insurance are noted below;

Continue reading Don’t get caught out – protect your marine business and assets today

Does your business need cyber insurance? You might not believe that your business is at risk from hackers and for the most part that may be true. The problem is that your social media presence can be the gateway hacker use to devastate your business.

Without cyber insurance, you’ll be left to ride the storm of destruction alone, which can potentially result in significant reputational damage and substantial financial loss. Cybercrime and social media is such a prominent issue that the Australian Cyber Security Centre provides step-by-step guides on basic cyber security for small businesses.

Continue reading How can your business stay secure on social media?

The latest Cyber Crime statistics from the Australian Cyber Security Centre (ACSC) show that there was a cybercrime reported every 8 minutes (it was 10 mins last year, so they are becoming more frequent), totalling 68,000 in the past 12 months. The most common type of cybercrime reported is Fraud (40%) which includes online shopping scams, as well as banking scams. Identity theft and misuse of personal information (7%) and then cyber related abuse 12%. The biggest threat was ransomware, as it requires minimal technical expertise, is low cost and can cause businesses significant problems, including crippling core business functions. From a recent survey, 70% of organisations are not protected by a cyber insurance policy, which can offer immediately help in dealing with hackers, ransom demands and Privacy Breaches.

Continue reading Cyber security – Strategies for keeping your business safe

Here in Australia, a cybercrime report is made approximately every eight minutes. With nearly every business existing in the digital space, this is an extremely alarming statistic that indicates a lot of companies are at risk. 

Australia’s lead cyber security agency (ACSC) has recently issued a warning that Australian businesses may be the inadvertent targets of Russian-linked cybercriminals due to the current events in Ukraine. 

Continue reading Social Engineering Fraud: Keep Your Business Safe in the Digital Era

Being your own boss provides many benefits, including greater independence, greater perceived level of job security and flexibility. However, it also comes with a range of risks that have to be managed and a lack of benefits that are usual for employees that cannot be overlooked.

Continue reading Contract Works Insurance Explained: What Is It & Who Needs It?

When it comes time to review and renew insurance policies many business owners are asking – why did my premiums rise? It’s a fair question because most types of business insurance premiums have had premium increases, some very large and other not as big, over the past few years. In addition, many business owners would have found that some insurers are restricting cover in some areas of Australia or also no longer willing to offer some types of insurance cover any cost, due to claims.

So why are premiums still continuing to rise and what can you do to manage your risks and the cost of insurance premiums for your business?

Continue reading Why did my Insurance Premiums rise?