Australians are increasingly working from home, with the most recent data from the Australian Bureau of Statistics indicating at least a third of us choose to work from home at least part of the time. A study by future trends research house McCrindle shows there are lots of different reasons why … [Read more...] about The insurance implications of working from home
Telematics technology has proven benefits when it comes to encouraging more responsible driving, with research indicating better driver behaviour is one of the main advantages in using this innovation. Black box or telematics technology is a way for businesses to collect data on how their … [Read more...] about Telematics continues to evolve in insurance
Human error is a key reason why data breaches occur. The Office of the Australian Information Commissioner’s (OAIC) first annual report on the notifiable data breaches (NDB) scheme shows it received 964 notifications from 1 April 2018 to 31 March 2019, a 712% increase on the previous voluntary … [Read more...] about Report highlights cyber risks magnitude
I was reviewing a long-term clients renewal the other day and as it was time to approach alternative insurer markets on their behalf, I obtained updated information about the client’s situation and sent the quote request details out. Due to my clients occupation, I had a few declines back quickly … [Read more...] about Know the client. Know the policy.
Small business owners tend to be born optimists with little inclination to think about what could go wrong. That’s why it pays to have an insurance broker in your corner to safeguard what you’ve worked for. Paul Harrison’s family-owned shoe shop in Sydney’s Neutral Bay has operated out of various … [Read more...] about Why small businesses use an insurance broker
It can take just moments for fire, flood or thieves to wipe out years of hard work, asset accumulation and stock. But it can be months before you realise the full extent of the damage – and even longer to recover - if you don't have a detailed and up-to-date inventory list encompassing business … [Read more...] about How to create and maintain an SMB inventory list
Extreme weather conditions are increasing around the world, and Australia is no exception. Experts predict this summer will, again, be one of the hottest on record, with severe bushfires, storms and floods all set to increase. In the absence of the vast resources of larger organisations, there is … [Read more...] about Why your business needs an extreme weather action plan
More expensive premiums, higher excesses and narrower coverage are set to become an insurance reality for many Australian businesses. Here’s how SMB's can prepare for a hardening market. Australian businesses have benefited from a soft insurance market for some years now, but it's time to prepare … [Read more...] about How to reduce your business insurance costs