News

Creating a risk management plan for your SME business Does your business have a risk management plan? How will you manage if a catastrophe occurs?  A risk management plan helps to prepare for these events, once you have identified the key risk concerns, you can ensure...

What’s happening in the world of Professional Indemnity Insurance? Professional Indemnity insurance isn’t just limited to typical ‘professions’ such as accountants, engineers, lawyers, doctors and architects. Essentially, anybody providing advice for a fee has an...

Do you need Strata Insurance? Strata Insurance is mandatory in Australia and covers common property under a strata title or body corporate. When purchasing a unit or townhouse either for yourself or as an investment property, you will share the costs of this insurance...

The perpetual importance of insurance advisers With the rise of the internet, many consumers are now choosing online DIY options when it comes to selecting insurance coverage for their business operations. These online options generally aren’t providing accurate...

What is Management Liability Insurance and do you need it? The increase in corporate litigation in Australia has caused many SMEs to reassess their risk of exposure and to redesign their insurance cover. One of the most underrated and underutilised insurance covers is...

Why do you need to read the PDS when effecting insurance? Insurance providers are required to give their clients a PDS (Product Disclosure Statement) that details the terms and conditions of the policy. The PDS contains all the relevant policy terms and conditions...

Why do you need Professional Indemnity Insurance? If you are a professional who provides services or advice to others, then it’s quite likely that you will need Professional Indemnity Insurance. This type of insurance reduces your exposure to the costs of legal action...

Five Factors that affect your insurance premiums Most people understand that insurance premiums rise and fall, the questions is why do your premiums change? What factors cause the amount of money you pay to your insurance company to increase or decrease? If you have...

If you are not happy with your insurance claim - here’s what to do next The General Insurance Code of Practice requires insurers to be honest, fair and open with their customers and to maintain high standards when dealing with claims or customer complaints. What...

Running your own business is risky – here’s how to protect yourself One of the most ignored risk minimisation strategies for small businesses is insurance cover. For some reason, many business owners ignore the issue of insurance for their business, because after all...

ONE FOR ALL: Business Pack Insurance isn’t right for every business. But could it work for you? Consolidating can deliver real savings and efficiencies across a wide range of business services. Insurance is no different, especially thanks to something known as...

Is your business ready? Notifiable Data Breach (NDB) Scheme in effect 22nd Feb. In 2017, a single data breach resulted in sensitive information of almost 50,000 Australians being leaked. This appears to be an ongoing trend and as a result, laws surrounding data...

How to leverage your existing data and increase your bottom line Many small businesses pay a fortune in research, marketing and advertising costs, totally unaware that they have a gold mine of data just waiting to be plundered. Generating new leads, exploring new...

Do you need Directors and Officers insurance? Company Directors earn a good living, but this must also be countered with the increase in responsibility, stress and liabilities that comes with such lofty positions. The ride isn’t always rough however, as there can be...

Start on the right foot. 7 things to know when setting up a new company. Starting your own company is an exciting time. It’s likely to be one of the more pivotal moments in your career, if not your entire life. But it’s also a time inevitably filled with processes,...

Better the devil you know? Using an adviser VS going direct to an insurer It’s human nature to crave familiarity and ‘go with what we know’. Unfortunately, in many parts of life this doesn’t always give you the best possible outcome – including insurance. Just like...

What do the new data breach laws mean for your business? After a series of false starts, the senate has finally passed new data breach laws that force Australian businesses to notify the Australian Information Commissioner of any cyber attacks. The Notifiable Data...

Have you reviewed your small business insurances lately? Insurances are an accepted part of doing business, but many small companies in Australia are essentially putting their businesses at risk, simply because they don’t have the right type of insurances.  If you are...

What would happen if you weren’t fully covered? Imagine something serious happens at your business. You need to make an insurance claim. You contact your insurer. But the news isn’t good. In fact, it turns out the policy you’ve been paying for – the one you thought...

TO RENEW? OR REVIEW? Making sure your insurance keeps pace with your changing business needs Okay, okay. Not many people look forward to renewing their insurance each year. After all, when you’re busy running a business the last thing you probably want is to spend...

Basic Cyber Protection So it's a scary world out there - not just on the streets, but even more so online. We hear about huge corporate hacks every other day, that the Russians hacked the US elections, China hacks everyone all the time and, most recently, that a...