News

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...

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...

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...

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...

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...

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...

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...

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%....

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...

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...

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...

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...

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...

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?...

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...

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...

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...

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...

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...

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...

There’s no escaping the fact that SMEs are doing it tough lately with a combination of losses related to the bushfires, storms and now the COVID-19 pandemic. SMEs are, quite rightly, looking very closely at their current and future finances and how they can protect...