About eight in 10 Australian homes are underinsured, according to (ASIC) Australian Securities and Investments Commission. As well, 11% of householders have no building insurance, and 23% have neither building nor contents insurance. If you’re in any of those categories, here’s an update on what risks you face and how you can better protect what’s usually your key asset. […]
Since the start of the Russian-Ukraine War on February 24, Australia has felt the ripple effect on global shipping. Destroyed infrastructure and Ukraine’s ports under siege in the Black Sea mean countries that typically source commodities from there are looking elsewhere. Sanctions against Russia are also an indirect burden worldwide. Add to that supply chain […]
As a business, you may have obligations under the Privacy Act regarding how you handle your customers’ and employees’ information. Here’s your guide to understanding your obligations on managing a customer’s personal information. Which businesses have responsibilities under the Privacy Act? The Office of the Australian Information Commissioner (OAIC) details which type of businesses the act covers. […]
Professional services consultancy Deloitte has just issued its report on the top 10 risks shaping the future of mining across the world. The findings are similar to another report from its competitor KPMG. Those reports and other research pinpoint key challenges confronting Australia’s mining industry. They include processing low-grade ore, increasing depth, climate change and more rigorous social and environmental […]
Running a business can be stressful because it can feel like your work is never done. But the act of spring cleaning – tidying and organising your digital and physical environment – can offer a timely reprieve. Upgrade/tidy up your website Be sure to check all of your website links as would-be customers will go […]
If you’re weighing up the pros and cons of buying property in 2022, then be sure to do your due diligence in risk analysis. We note that your circumstances are unique, and we don’t offer financial investment advice – that’s not our line of business as your insurance broker. Below we offer some research from […]
About one in five Australians reportedly have a mental health condition, and the number is increasing. Work-related psychological injuries or mental health conditions are a significant concern for businesses. And it’s not just workers. Almost half of Australian SME owners say that running their businesses directly impacts their mental health and well-being, according to a recent MYOB […]
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 […]
