New data shows the extent of the COVID-19 hit to revenue at most Australian businesses, with two thirds reporting a decline in revenue as a result of the pandemic. Education and training is the worst hit sector, with 87 per cent of firms recoding a drop in earnings. Moreover, economic growth recorded a 0.3 per cent drop [...]

As many small businesses alter their products and services during the pandemic; it is important to ensure adequate insurance coverage. Product liability insurance can provide protection for property damage or personal injury claims arising out of the use of a business’s product, or the failure of a product. Product liability insurance can be separate, [...]

When times are tugh, many businesses Indiscriminately slash costs, without thinking about long-term consequences. It can be especially tempting to reduce the business’ headcount given wages are often a company’s greatest expense. This can be a false economy, as firms will need their best people when economic conditions turn and a recovery phase begins. [...]

Too many businesses underestimate the caution required in storing and transporting dangerous goods. Dangerous goods come in many shapes and sizes: from those that require hazmat suits, like radioactive and infectious materials, to seemingly innocuous items, like medicines and cleaning products. You'd be hard-pressed to find a business that doesn't handle some sort of [...]

New Year, new you, right? Well, when it comes to your business, it's more a case of: New Year, new risks. If you're looking for a New Year's resolution for your business, here are five trending risks where you should consider insurance cover to get your business insurance on track for the year ahead. 1. [...]

It’s a fast moving world, especially at the moment. Even though there’s so much going on, it’s essential to update your insurance broker any time your circumstances change to help ensure the cover you have in place is still appropriate for your enterprise. A popular business pivot many beer and spirit firms have undertaken [...]

The small-business sector was hit hard by the pandemic. The Reserve Bank of Australia found the sector was disproportionately affected by COVID because these businesses are more likely to be in industries that were affected by restrictions on movement, such as cafés and restaurants, as well as arts and recreation. If your business was more permanently [...]

Managing post-Covid employee burn-out To say the last couple of years have been challenging for Australian workers is a major understatement. Since the onset of the COVID-19 pandemic in early 2020, they’ve had plenty to deal with, from juggling home schooling and work commitments, to worrying about whether they’d even have a job a [...]

Businesses have been hit with plenty of disruptions over the past few years, from COVID as well as from natural disasters. Some business insurance packages have changed to adapt to the new circumstances, so it’s important to check what’s covered and whether you need to update your policy. Don’t count on COVID cover The [...]

With bushfires burning around the country, it’s important for homeowners in fire-prone areas to take steps to ensure they have the right insurance in place. This is especially important given how easy it is for people living near the bush to find they are underinsured after suffering a bushfire. Ian Mabbutt, Head of Steadfast [...]