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 [...]
The nation is cautiously exiting the corona virus lockdown period. But many firms will need to shapeshift to ensure their business model is suitable for what may be a frugal period ahead in some sectors. A strategic approach to business planning is, therefore, essential. The first step should be to create a six-month tactical [...]
Like so many things, business travel is now back on the cards since most countries have re-opened their borders after the easing of COVID restrictions. But if you’re heading away for work, it’s important to make sure your insurance covers you if fall ill before or after you take off. Let’s say you run [...]
The latest in simple, cost-effective fire prevention and control equipment for your small business. Smart alarms and detectors Traditional smoke alarms will certainly give you a jolt if they go off in your vicinity, but what about when you've shut up shop for the night? Smart smoke alarms can send real-time alerts to you [...]
While it’s never welcome news to hear that a risk needs a serious investment of time and money to improve its insurability, it’s even less welcome news to receive a month before an insurance renewal is due, says Steadfast Risk Services senior risk consultant, Josh Giansiracusa. But, unfortunately, this is all too often the [...]
Working from home - how flexible is your organisation? Technological advances and an increased focus on work-life balance and flexible working arrangements have resulted in more than half of Australia’s population working from home in some capacity or another. As the owner of your own business, you may already have employees who work from [...]
Last year, there were devastating bushfires, in 2020, the turmoil produced by the COVID-19 pandemic and in 2021, La Nina. While La Nina has not translated into wet conditions over the spring season, businesses should still be vigilant over the coming months. A Niña is a phenomenon associated with cooler sea surface temperature anomalies [...]