Cyber security is a top risk management concern for Australian businesses, with eight in 10 organisations hit by ransomware. And research shows small businesses are likely to have poor security practices due to common misconceptions about the threat. It is such a hot issue that the Federal Government appointed the first Minister for Cyber Security in a G20 […]
Many areas of Australia have increased vegetative growth at the tail end of the third La Niña wet-weather pattern in a row. This has raised the risk of bushfires. You’ll need a plan of action and a home preparation strategy should a bushfire happen nearby. Preparing your house before a fire happens If you don’t have […]
How can you determine the essential insurance you need for your unique business? Your aim is to balance minimising risks with maximising profit. Insurance helps small and medium-sized enterprises by mitigating threats, offering financial support and paving the way to sustainability. Having the right insurance also builds business credibility in the eyes of your customers, contractors, suppliers […]
The value of farm animals can reach astronomical heights – last year, a 13-month-old Wagyu heifer sold for $400,000 at an auction in Melbourne. While your stock might not fetch that kind of price, your investment in breeding and care can go to waste if you don’t minimise the risks of theft. Livestock theft happens more than […]
Only about four in 10 Australian small and medium-sized businesses (SMBs) surveyed in 2022 had confidence they were fully covered for insurance risks in their operations. Meanwhile, about a third had no plan to minimise risks. This article tackles three insurance myths that persist among SMBs. Myth 1: Your business is too small to need […]
t’s easy to assume all coverage is equal when it comes to finding your best-fit insurance. But choosing opting for a low level of cover may end up costing you more in the long run. It’s also important to consider: The responses will help you work out if you’re receiving the level of coverage you […]
The term ‘metaverse’ was coined in 1992, as an online space combining virtual and physical worlds. And, the metaverse-like online multimedia platform, Second Life, which began in 2003, is still going, with almost 65 million active users. Meanwhile, Meta – formerly Facebook – maintains optimism that its version of the metaverse will be on the horizon in five to 10 years. It […]
Australia’s $83 billion agricultural industry could feed our nation three times over, according to the Institute of Public Affairs. That achievement comes despite agricultural risks such as floods, drought, bushfires, fickle consumers, uncertain economic times, supply chain issues and skills shortages. Amid chaos, the opportunities continue. For instance, agricultural employment is expected to increase by 23% […]
Logically, supply chain woes should be easing after the end of pandemic shutdowns in most countries. However, it’s not just the pandemic that’s been causing issues. As this article explains, it’s a confluence of factors, including port congestion and the Russia-Ukraine war. This is your guide to identifying and adopting strategies to ensure your supply […]
After three consecutive La Niña wet weather patterns, your business might not have bushfire risks front of mind. However, vigilance is needed. Above average rainfall and devastating floods have boosted vegetation and fuel-load growth in parts of our nation. According to the National Council for fire and emergency services (AFAC), destructive and deadly fires can still happen even […]
