Whitbread recently completed a national series of seminars to Directors of medium to large organisations across Australia. These sessions explored the evolution of Management Liability Insurance, and generated extensive discussion among attendees. Here are some of the key questions that were posed during the seminars. How does Management Liability differ from Directors and Officers Insurance?…
When it comes to payment, business insurance premiums can be an inconveniently large lump sum investment. Find out how premium funding can evenly distribute this expense to free up your company finances, enabling you to put them to more immediate expenses that directly impact the growth of your business. This article is not intended…
22 February, 2018 saw the Australian Government enact the Notifiable Data Breaches (NDB) scheme, requiring any organisation affected by a serious data breach to notify all individuals whose information may have been compromised. Non-compliance may result in heavy fines and penalties being imposed on both businesses and individual directors. This article covers the full impact…
$276,232 is the average cost for cyber incidents in Australia*. Regardless of how good your company IT systems are, there is no 100% guaranteed way to protect your data. A data breach can not only cause significant financial losses for your business, it can negatively impact your clients and customers, putting you in the legal…
Underinsurance is alive and well in Australia. A recent report from Swiss Re has highlighted major concerns surrounding large gaps in property insurance for Commercial and SME businesses in Australia. Did you know that the annual uninsured loss for businesses in Australia is nearly an astounding $5 billion? And that 1 in 8 businesses do…
Cyber risks are continually evolving. This makes it all the more important for you to be up-to-date and have effective response measures in place to insulate yourself against emerging threats. We would like to bring to your attention the below update from our IT department outlining a notable cyber-threat in circulation which may pose significant…
Increasingly, organisations are being held accountable for any detrimental impact they may have on the environment. The continual tightening of regulation and intense public scrutiny has seen a heightened need for businesses to manage their environmental risks. In general, the business community has been slow to focus on the potential environmental impact of its operations…
Tax Agents will be required by the Tax Practitioners Board to have Professional Indemnity Insurance as of July 2011. The requirement applies to all tax and business activity statement (BAS) advisers who provide tax and BAS services for a fee. The Tax Practitioners Board is proposing a minimum level of cover of $250,000 for turnover…
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