Professional indemnity (PI) insurance is not limited to traditional professions. This article is your guide into how PI works for SMEs and why you should consider taking out a policy. What is PI insurance? PI insurance is a useful policy for businesses that give advice or provide specialist services to clients for a fee. Those […]
Fire and flood catastrophes can often alert farmers they’re underinsured. It can often hit as a double shock. Not having the right level of coverage is more common than you might think. For example, up to eight in 10 bushfire-affected properties may be underinsured, according to the Insurance Council of Australia. Why are farms underinsured? […]
SMEs face a raft of risks with the ongoing transition to source energy from renewable options. This article will give you a global and national context, explain what you may face, and offer tips on risk management. On a global bandwagon Across the world, economies and societies are moving away from fossil fuels (such as […]
Only one in five Australians who have experienced sexual harassment at work make an official complaint about the behaviour. But, thanks to Respect@Work laws, the onus on dealing with those and related issues has shifted more to employers. Prevention is key, but so is dealing with such claims appropriately. Those laws mean that since December, […]
Event cancellation is a major bugbear of the hospitality sector. An estimated 21,000 events were cancelled during the pandemic in 2020, and that’s only counting Australian mass participation sporting events. There are also community events, weddings, entertainment shows, conventions, concerts, exhibitions, fashion/art/award events, and more. However, event organisers, including hospitality businesses, are no longer at the […]
Tradies usually don’t have the time or inclination to report the theft of their tools to the police. This can prove costly but, as this article explains, you can minimise your risks and invest in protection for peace of mind. The Rising Issue of Tool Theft in the Construction Industry More than 29,000 tools were reported stolen […]
Supply chain risk management is the top area for Australian businesses to improve upon, according to a recent survey by the Australian Securities and Investments Commission. Alarmingly, the survey found 44% of companies surveyed were not doing anything to manage supply chain or third-party risks. In this article, we’ll explain how to audit your business for supply chain […]
Australia has about 60,000 registered not-for-profit organisations, according to the Australian Charities and Not-for-Profits Commission (ACNC). There’s a huge diversity of types and areas covered including education, social welfare, health, religion, culture, human rights, animal welfare, and the environment. Not-for-profits (NFPs) range in size from volunteer-run groups with no revenue or funding to the Returned […]
Myths abound among small-to-medium-sized businesses about the need for product liability insurance and its coverage. But it’s not just for mistakes or products that break or malfunction. An insurance industry report has found almost half of business owners surveyed said law changes about product changes were complex. That’s just one part of the product liability […]
In the fast-paced world of commercial transportation, ensuring that your insurance premium and policy are as hardworking as your road operations is crucial. Check out these tips to help get the most value, while still transporting goods safely. Factors impacting commercial truck insurance First, let’s understand what drives the premium. Insurers consider: Add to those […]
