News
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...
How does Workers’ Compensation actually work?
How does Workers’ Compensation actually work? If a business has one or more employees, then Workers’ Compensation is a legal requirement in Australia. This type of insurance covers employees against work related injuries or illnesses, providing them with benefits that...
Business Continuity Planning & managing the Coronavirus
Business Continuity Planning As of 16th March 2020, the World Health Organization confirmed the total number of global COVID-19, or coronavirus, cases surpassed 140,000. The Australian Government has announced many new measures to contain the spread of COVID-19 and...
Coronavirus & Travel Insurance
Coronavirus & Travel Insurance While Australia has been relatively protected from the spread of Coronavirus (COVID-19) many travellers have been disrupted due to travel restrictions, while others are reluctant to travel due to the increase risk that the disease...
Coronavirus & Business Interruption Insurance
Coronavirus & Business Interruption Insurance While Australia has been relatively protected from the spread of Corona Virus (COVID 19) many businesses have been disrupted due to travel, import and or export restrictions. The purpose of this article is to explain...
When do you need Contract Works Insurance?
When do you need Contract Works Insurance? If you are a building contractor, tradie or sub contractor working in the building trade, whether commercial, industrial or domestic, then be sure you have the right type of insurance to cover. Contract Works Insurance can...
Why is public and product liability insurance important for businesses?
Why is public and product liability insurance important for businesses? Public and Product Liability Insurance covers your business from claims made by any third party for compensation of an injury or damage to their property as a result of your business activities. ...
When to get public liability insurance
When to get public liability insurance If your business interacts with the public, it’s likely that you need Public Liability Insurance. This policy covers your company from third party claims of injury or damage to property, as a result of an incident caused by...