News
La Niña Weather predictions and protecting your business from wild weather this summer
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...
A year in review – Insurance 2020
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...
Approaching renewals in a hard market
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...
Building and Construction Insurance – What you need to know
Whether you are a sole trader or a small business owner, insurance is a major part of doing business. Without the right type of cover, you are leaving yourself wide open to a range of risks that can be financially devastating. At Insurance Advisernet, we deal with...
Safeguarding your supply chain
The ongoing COVID-19 pandemic has taught us many lessons, one of which is that diversification is one of the key elements in the ongoing success of a business. In this case, we are talking about diversifying your supply chain, because as we have seen recently, when...
Ransomware threatening Australian businesses
Dealing with ransomware attacks pre-COVID 19 was a challenge for many businesses, but it’s become much more of a threat recently. That’s because many of these attacks have targeted SMEs who don’t have the resources of the big multi-nationals to fend off these threats....
Domestic Landlord Insurance – What you need to know
Many purchasers of residential investment properties are also business owners who want to secure their future retirement. Every investment opportunity, however, comes with its own element of risk, which is where Domestic Landlord insurance comes into the picture....
Why maintaining your insurance cover is vital to your recovery
At Insurance Advisernet, we appreciate that many SMEs are struggling to pay the bills during the COVID-19 restrictions. Maintaining your insurance cover, however, is one strategy that can actually help your recovery, resulting in a much brighter future as restrictions...
What you need to know about transport insurance
Transport insurance is a complex and dynamic industry, mainly due to the nature of the work and the high number of claims that are processed each year. This means that insurance advisers need to thoroughly understand the nature of the transport industry so they can...
How will the changes to JobKeeper affect SMEs?
With COVID-19 continuing to be troublesome in Australia, the government announced an extension to the JobKeeper program on 21st July, labelled JobKeeper 2.0. This will come into force on 29th September and last until 28th March 2021. These changes have...
Rethinking your risk management this new Financial Year
Insurance providers have faced many challenges in the past year mainly due to the bushfires, floods, and the ongoing global pandemic. One of the outcomes from these disasters is that many insurers are reducing their capacity across a variety of industries in an effort...
Business Risks to be Aware of in 2020
Cyber-crime, climate change, natural catastrophes, bushfires, floods and storms are all real-world problems that businesses need to contend with in Australia. We also can’t ignore the recent COVID-19 virus that has posed significant problems for many SMEs. Then there...
How SMEs can prepare for potential rising premiums
Whilst some policyholders have already noticed a rise in their premiums this year, it’s not time to panic yet. All insurers prepare and make allowances for increased claims during potentially difficult disaster seasons (bushfires, floods and storms), so it’s not...
What you need to know about Home Insurance payouts
One of the most essential policies for homeowners is home insurance. That’s because if your home burns down or is severely damaged by storms for example, without insurance, you have to pay for the repairs or replacement of your home. For most Australians, buying a...
How can SMEs prepare for the challenges to the Insurance Industry in 2020?
With a plethora of challenges faced by the Insurance Industry in 2020, it’s important that SMEs make sure that their policies are up to date. You also need the right type of polices in place, so you will be well positioned to reduce your ongoing risks. These...
COVID-19 and EOFY Tax Returns
With the EOFY rapidly approaching, what do the COVID-19 stimulus packages mean for your business tax returns? This all depends on whether you have taken advantage of these packages, so let’s take a look at some of these measures and how they may affect your tax...
Australia’s wild summer and the implications on insurance premiums
The recent bush fires and flooding events across Australia have highlighted the increasing trend towards extreme weather events, evidenced by the Australian Actuaries Climate Index. Whilst used as further confirmation of climate change, this index makes it very...
Five ways to boost your cyber security during Covid-19
For many businesses, the last several weeks have meant more of us working from home. We often hear stories of corporate hacking or phishing scams hitting thousands of people around the world. So what can we all do to protect ourselves? Perhaps surprisingly, what we're...
The recent bushfires and Business Interruption coverage
Many SMEs have Business Interruption (BI) Insurance that covers loss of income due to an inability to trade, usually due to a disaster. Whilst the COVID-19 pandemic is on all of our minds today, we can’t forget about the businesses that are still trying to recover...
Have you done enough to protect your unoccupied buildings during the COVID-19 outbreak?
Have you done enough to protect your unoccupied buildings during the COVID-19 outbreak? The COVID-19 outbreak has had a global impact on SMEs, either forcing them to close operations entirely or making their employees work from home. The result is that many buildings...
Top 5 challenges SME’s face & how to survive them
Top 5 challenges SME’s face & how to survive them The excitement you might have felt when you started your small business is often tempered by the reality of trying to keep your business afloat in the current market. Reality sets in even more when you look at...