More than 700 federal, state and territory laws apply to business owners, directors and managers when things go pear-shaped in their organisations. That means you, as a business owner, could be held personally liable. Your business could risk financial devastation through costs, fines, and settlement payouts. It’s a risk that could involve your personal assets, such […]
Since early 2020, you’ve probably focused on managing COVID risks for your business. But has that blinkered you from tackling other risks and building resilience? If so, you’re not alone. According to software platform Dataminr’s survey, Australian businesses’ biggest distractions for this year are: COVID (67%) Staffing (45%) Supply chain (40%) Cyber crime (40%) Climate change […]
Economic uncertainty may have prompted you to reduce, change or cancel your business interruption insurance. That’s a natural reaction in these uncertain times. However, as your broker/advisor, we’re mindful of how that could impact your business and possibly come back to bite you. You’d know this essential cover replaces the business income you lose in […]
In the wake of the second La Niña weather pattern in a row and a fair chance of another one in the wings, how can farmers improve their pasture growth over winter? If your pasture growth rates have been lacklustre this autumn, try boosting them by following these tips. Grazing management Agriculture Victoria suggests these options: Grazing. […]
Are you sure you’re up to date on your responsibilities as an employer to limit the spread of the COVID-19 virus in your workplace? In this, the third year of living with the pandemic, beware of what the World Health Organisation calls the ‘infodemic’ – an overwhelm of false and misleading information. We’ll aim to cut through […]
Property investor numbers are at a record high, according to the Australian Bureau of Statistics. In January, new investor housing loan commitments rose more than six percent to $11 billion seasonally adjusted. Across the country, rents are up, with the average house costing $520 weekly. Up to a fifth of Australian adults are landlords like you, according […]
Cybercrime costs the Australian economy $42 billion annually, says the University of NSW. It estimates just one-fifth of online crime is reported. The rise of cyber threats Last year, reports of cyber attacks such as ransomware, rose by 105% globally, but cyber experts don’t yet understand the reason for the upturn. It could have been due […]
Employment practices’ liabilities can be expensive, disruptive, and time-hungry to businesses. Claims are also rising. That’s because employment laws and regulations are complex and often change, so businesses can struggle to stay compliant. To help, we’ve compiled an update on the risks to your balance sheet and how to manage your practices more effectively. The risks of your […]
Aussie winters bring added challenges to managing the safety of your transport fleet. These include high winds, lashing rain, hail, fog, black ice on roads, fallen trees, and in some parts of the country, snow. Research shows that on some days, such bad weather can increase accident numbers by 20%. This article will help you initiate, or […]
Why Your Business Needs a Plan: The Importance of Continuity in 2022 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 […]
