Is Your Property At Risk From Faulty Construction?
Whether you’re a property owner, tradie, or developer, serious construction defects aren’t just someone else’s problem. They’re becoming more common and more expensive. A report by the Strata Community Association of NSW found that 53% of strata buildings had serious defects. The study covered six years to the end of 2022. The average cost to rectify […]
Clearing the Air: Sole Trader Insurance Myths Exposed
As a sole trader charting your course through insurance options, separating fact from fiction is paramount. Common misconceptions often shroud why sole traders need insurance – a nice-to-have or must have? This article unpacks the myths to help you better risk manage your way to micro-business success. By the way, sole-trader numbers increased by 2.2% […]
The Importance of Farm Management Liability Coverage
Farming can be risky, rewarding, yet dynamic. Since the year 2000, the Australian farms have undergone significant changes. Dairy farms have moved from pasture-based to intensive feeding systems, sheep numbers have shrunk, the beef industry is more productive. Digital technology has come to the fore, while the changing climate presents more challenges. This guide explores the […]
5 Insurance Claims Aussie SMEs are Most Likely to Make
Here are the top five insurance claims Australian SMEs make, according to insurers. This article will also offer tips to improve your risk management, so you’re less likely to need to claim for any of these events. #1 Claim: Theft Theft and burglary are the top claims. Consider these moves to reduce the likelihood of […]
SME Guide to Getting the Most Out of Your Insurance Broker or Adviser
As an SME, you’re always looking for a better deal for insurance to protect your business, its assets, and liabilities. This article explains how an insurance broker or adviser’s expertise can optimise your coverage within your budget and risk profile. The Great Insurance Squeeze Insurance premiums have increased 16.2% over the past year, faster than […]
Event Cancelled? Your Hospitality Business Could be Covered!
Event cancellation is a major bugbear of the hospitality sector. An estimated 21,000 events were cancelled during the pandemic in 2020, and that’s only counting Australian mass participation sporting events. There are also community events, weddings, entertainment shows, conventions, concerts, exhibitions, fashion/art/award events, and more. However, event organisers, including hospitality businesses, are no longer at the […]
Supply Chain Disruptions & Business Interruption Cover
Supply chain risk management is the top area for Australian businesses to improve upon, according to a recent survey by the Australian Securities and Investments Commission. Alarmingly, the survey found 44% of companies surveyed were not doing anything to manage supply chain or third-party risks. In this article, we’ll explain how to audit your business for supply chain […]
Insurance for the café and restaurant sector
What are the key risks in the café andrestaurant sector? The café and restaurant sector is dynamic, with owners and operators busy juggling the plates and spinning the bottles required in the day-to-day management of such a fast-paced industry.Whether you’re running a café, restaurant or catering business, some of the key risks you face include […]
Minimise the Risks of Taking a Summer Business Break
Closing your business over the summer can make a lot of sense. Maybe your employees are on leave, you’re struggling with a staff shortage, it’s a quiet time of year, or you’re hankering for a break. Check these six tips to help prepare and you’ll be able to hit the ground running on your return […]
Lawsuit? What To Do if Your Business Is Served
Disclaimer: The following article provides general business advice and is not intended to serve as legal advice. Each business situation is unique, and laws vary by location. Consult with a qualified solicitor for advice tailored to your specific circumstances and jurisdiction. Before you’re served, you may have already received a written notice that someone wants to […]