Most business owners have an end game in mind – a plan for an exit strategy at some stage in the future when they will be able to sell their business and realise the fruits of their labour.  But the COVID-19 downturn means the landscape has shifted when it comes to selling your business. [...]

Almost every business needs to pivot its offering to succeed in a world that has been turned on its head by COVID-19. The idea is to see this as an opportunity to create a new product or service that can help support your business revenue now and into the future. For example Delfina Sport, a [...]

Insurance can be complex, especially when it comes to the superannuation environment. Here we explore insurances that can be held inside and outside super and some considerations for small business owners when it comes to ensuring they have the appropriate cover in place. Insurance inside super: pros and cons There are a number of [...]

While damage to homes often receives media coverage in the event of a major flood, businesses are just as at risk when a weather event of this nature happens. So it pays to understand how insurance responds in the event of a flood or storm. Let's look at flood first. After a number of [...]

Product liability cover can vary, with claims depending on the individual business and the product it sells. Regardless, Product liability will ensure you are protected from the inevitable mishap. Product liability can provide protection for property damage or personal injury claims arising out of the use of a business’s product, or the failure of [...]

Australia’s climate is influenced by two alternating weather patterns, La Niña and El Niño, with a La Niña event happening at the moment. Understanding how both operate can help businesses plan for future weather events. We’re in the grip of a La Niña weather event. So what does that mean for our climate over the [...]

The 2020 federal budget has outlined an array of initiatives to support economic growth and small businesses through COVID-19 and beyond. But these nation-building, pandemic-busting plans will require significant, but essential, government spending. According to this year’s budget papers : The deficit will reach $213.7 billion this year, before falling to $66.9 billion by [...]

The internet is replete with stories of people who have suffered serious, not so serious and downright silly accidents while staying at AirBnBs. In this example, in 2018 in the US, a woman staying at an AirBnB failed to take a glass cover off a stove top, which subsequently exploded when she turned on [...]

The internet is replete with stories of people who have suffered serious, not so serious and downright silly accidents while staying at AirBnBs. Insurers’ costs rise According to KPMG Australia’s General Insurance Dashboard, gross written premiums, which is the total value of the policies written by insurers, minus costs such as GST and stamp duty, [...]

Climate change inaction, a growing social divide and an uneven post-COVID economic recovery have been highlighted as the top three global risks for 2022, according to a major new risk review. The 17th edition of the Global Risks Report, sanctioned by the World Economic Forum, provides a comprehensive overview of the key risks the [...]