Many small businesses don’t have enough cover when it comes to business continuity, flood insurance and also certain speciality policies, leaving themvulnerable when they suffer a calamity. This can drastically reduce their profits or, worse, see themshut their doors permanently.Perennially flood-affected Queensland businesses know this only too well. Although Morris Peluchetti had insurance cover for [...]

Cyber insurance has recently become a highly discussed topic. Cybercrime is on the rise, with criminals becoming increasingly audacious in their attacks. For instance, the world recently watched on in horror as a large part of the US population was unable to access fuel as hackers infiltrated a utility company’s IT system and shut [...]

Farms are dangerous places, with a huge number of accidents involving vehicles such as quad bikes, tractors or other farm equipment. In fact, recent research shows farm vehicles account for 50 per cent of accidents on Australian farms.Aside from obvious perils such as these, there are many other risks that require insurance cover on [...]

Roofs are the subject of a huge number of business insurance claims, especially after big storms. Many Australian businesses have been devastated by storms so far in 2021, with Tropical Cyclone Seroja battering parts of Western Australia in April and NSW and Queensland hit by violent storms in March. The Insurance Council of Australia [...]

Wet weather conditions are here to stay this winter. For large parts of Queensland and NSW, summer 2021-22 was non-stop rain. With the La Nina effect continuing in the tropical Pacific, there is a chance the east coast of Australia is in for a wetter and stormier winter than usual. The Bureau of Meteorology’s [...]

An annual insurance health check is all part of being in business and a new year is a great time for this important task. So here are some tips for making sure your risks are covered in 2022. Step one ˜ assess your risks A business risk assessment involves mapping out the risks and [...]

Travelling for business again? Here’s what you need to know State and national borders have progressively opened since 1 November. But it’s a new world order for corporate travel. That includes transient travel and trips for meetings, incentives, and conferences. These may be for events held for business development, client visits, industry expositions, or [...]

Whether your business is back in full gear after the festive season or not, now’s the time to review your insurance to ensure it’s up to date. Delaying a review means your company risks being underinsured, which could have dire financial consequences. An annual review, such as at the start of the year, is [...]

As we charge into 2022, it’s time to bust a few myths about insurance cover. Here are five common ones that hopefully won’t surprise you. Myth 1: Home insurance protects my home-based business Not necessarily. You should still check your policy for coverage even if clients and visitors don’t come to your home-based [...]

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 [...]