The failure of high-profile construction firm Grocon recently shows just how tough the economic environment is at the moment. If a big business such as this can be placed into voluntary administration, it’s a sign small businesses have to be extra vigilant about who they do business with to ensure they are not trading with an [...]

COVID-19 continues to pose a significant risk to Australian employers, even as we begin to return to more normal ways of working.  Managing the liability risk of unfair dismissal claims Mr Grossman says that to avoid unfair dismissal claims as a result of redundancies, employers need to have documented procedures for employee termination, and [...]

With an imminent La Niña event, get ready for a summer with more rainfall than usual. There are lots of steps you can take to reduce the risk of water damaging your commercial property and your business. But it’s important to take action now to be prepared.  A La Niña event is part of [...]

When you suffer an insurable event, the way you approach the claim from the start can make a huge difference in terms of how quickly the claim is processed and whether it’s approved, as these examples show. In the first case, the business relied on a specialised piece of equipment as a vital part [...]

There are lots of resources provided by government bodies and insurers to help businesses prepare for summer bushfire and flood season, and other risks too.  It’s also essential to have the right insurance cover in place so that in the event your business does experience a natural disaster, it can get back on its [...]

Even now, there’s still a healthy line-up of auctions around the country each Saturday. And while mistakes at auction are rare, they do happen and it’s a good idea to have insurance in place for these circumstances. For instance, last year there was an incident related to a property sale considered to be under [...]

There are special considerations when it comes to insuring electric and autonomous vehicles. Autonomous and electric vehicles are still in their infancy in Australia, but it won’t be long before they are a common feature of our roads. The number of electric vehicles (EVs) sold in Australia doubled in early 2021 versus 2020. In the UK, there [...]

Premium funding is a great way to smooth out your business insurance costs over the course of the year. It means rather than having to pay the total amount of the premium upfront, the business can pay it off in instalments, plus interest. The cost of the interest will usually be a tax deduction [...]

Many businesses have experienced frustrating delays in having their goods delivered to customers during the pandemic due to planes being grounded and lockdowns. If your business has been affected by pandemic-induced delivery disruptions, there are steps you can take to help manage supply chain risks and insurance can play a role. Kiri Yanchenko, founder [...]

Australian gross domestic product (GDP) dropped by 0.3 per cent in the March quarter, the first time the nation has experienced an economic contraction in 29 years. It’s likely the economy will also shrink during the June quarter. Although the business environment is difficult, there is plenty of opportunity for individual businesses to take the [...]