With commercial property landlords enjoying returns of up to 12%, it makes sense there would be more risks and work involved. We’re talking about commercial properties such as office suites, shops, factories, warehouses, restaurants or hospitality venues, even car parks, etc. Exposed to economic changes The landscape for commercial leasing is changing due to the […]
It might not be until 2023 before the global microchip shortage is over, according to predictions reported recently by the technology website, ZDNet and Bloomberg. So, what are these chips, why do they matter, and how could they affect your business? Computer microchips are semiconductors that are essential for electronic devices to function. They include cars, smartphones, televisions, […]
With the uncertainty and disruptions of 2021 still upon us, you might be looking to Christmas as a time to put your feet up while your business keeps humming. Take some time now to sort things out so you can really relax. Almost six in 10 small business owners expect to be overworked and miss out on […]
Increasing claim numbers, the pandemic, cyberattacks and natural disasters are some of the reasons directors’ and officers’ liability (D&O) insurance premiums are rising. Another is less competition, as six insurers decided in the past year to no longer offer this cover. However, premiums were on an upward trajectory even before the pandemic began. D&O insurance […]
Around the globe, people are using telehealth 38 times more than before the pandemic, and that’s happening for virtual evaluation, advice, diagnoses, and sometimes treatment, says professional services firm KPMG. We’ve also seen the advent of virtual rooming assistants who admit patients into digital exam rooms. They take notes about medical histories, saving health care providers time […]
Victoria’s recent magnitude 6 earthquake seemed like a rare event, but Australia experiences an earthquake daily, as Geoscience Australia shows. Luckily, we only get the magnitude five and above ones that do damage typically twice a year, but there will also be 80 magnitude 3 earthquakes, as well as larger ones annually. Expect magnitude 5.8 to 6 […]
The pandemic has impacted businesses globally and across all sectors. So, it pays to review your insurance policies to make sure you’re only paying for what you need right now. Could your business pay smaller premiums yet still be adequately covered? This article guides you on how to ensure your business insurance is on the […]
While public liability insurance isn’t compulsory for some business types and sectors, these actual cases may prompt you to consider this cover. And if you have it, ensure you review it regularly to better fit your business needs. At the crux of public liability is negligence. You could be liable if your business has failed to take […]
One of the biggest banes of agriculture isn’t unpredictable weather patterns of droughts and flooding rains, too few harvest workers, rising costs, or the shrinking prices grocery chains pay your business. It’s cyber threats. Cybersecurity is a significant and growing threat to the Australian agricultural industry. The sector was the sixth most likely to record a […]
Every insurance policy has limits that state the maximum monetary figure that will be paid out in the event of a claim. Indeed, some policies will have multiple limits and sub-limits. This article will demystify the different types of limits you’re likely to encounter with your package of insurance coverage. You’ll find out about policy […]
