The difference between insuring your work vehicle(s) under personal or commercial cover may not appear much, but the deeper you look, the more they diverge. Here’s why it’s important to know what distinguishes these policies. This will help you secure the correct cover to protect your assets. How are personal and commercial car insurances different? […]
Businesses are constantly changing and growing, so if your business is enjoying a growth spurt, congratulations. But a changing business climate often means new insurance requirements. Here’s what you need to do about your insurance cover to ensure your business has adequate ongoing protection. This will help reduce your risks of being over or underinsured. […]
Australia’s reliance on offshore manufacturing during the pandemic has come under the spotlight. Our dependence on overseas supplies for much-needed masks, vaccines, and even the diesel engine additive AdBlue, has highlighted just how little we manufacture here in Australia. How the pandemic exposed our reliance on global supply chains Today, domestic manufacturing accounts for a […]
Truck driving is one of our country’s most dangerous occupations. Drivers have a 13-fold higher risk of dying at work than other jobs, a 12-year university study has found. Over the period of the research (to 2018), the study found they lodged more than 120,000 claims for work-related injury and diseases. How can you safely accelerate risk […]
Russia’s invasion of Ukraine is set to have severe repercussions in Australia. Businesses are now at a higher risk of cyber attacks, increased commodity prices for imports and exports, inflation and pricier insurance premiums as a result of the attack. The situation in a nutshell Before Russia invaded the former Soviet republic of Ukraine in […]
The recent NSW and Queensland floods have been extreme and will occur more frequently as our planet warms, according to experts writing for The Conversation. Overview: the far-reaching impacts of the floods But it’s not all about climate change. We’re also at the tail end of a La Nina weather pattern, and there was another influence, […]
While the pandemic has spotlighted supply chain disruption, other factors are coming into play. These include climate change, skills and labour shortages, Australia’s shrinking sovereign manufacturing capability and greater political uncertainty in the Indo-Pacific region. (The latter centres on dynamics around China). Industries such as automobile manufacturing, home building, as well as equipment repairs and others are […]
Business interruption policies have come under the microscope during the pandemic, with legal class action claims and test cases helping delineate the extent of coverage. So here’s your update on what these policies cover (and don’t cover) and why businesses continue to harness this often misunderstood insurance as an essential safeguard. BI – an overview […]
If some of the more popular buzzwords of the past two years were “flexible work” and “hybrid business”, 2022’s might be more along the lines of consistency and continuity. Going into a third year of upheaval isn’t appealing and so smart businesses are creating plans to offer a less disrupted service and process, to clients and staff, if […]
Every 10 minutes on average, another Australian small business reports a cyber crime, according to the Australian Cyber Security Centre. And more than four in 10 cyber crimes committed in Australia target small businesses, says Business Australia. Scams and victim numbers are increasing. The government’s Scamwatch website reports $211M lost through scams from 1 January to 19 September last year [2021]. […]
