With over 40 food and beverage products recalled so far this year (as of 5th October 2017), the impact of a product recall can cause severe damage to a manufacturer’s reputation and bottom line. Understand how you can protect your company from this type of risk. Click here to read an article featuring key…
Reputation is crucial when it comes to attracting financial contributions to Not for Profit (NFP) organisations. Yet with cybercrime on the rise, NFPs are facing a new threat to brand reputation and profitability, should the personal information of donors become compromised in an attack. A tarnished reputation has the potential to reduce the number of…
It is a simple fact that most homeowners will not have enough savings to rebuild a badly damaged or destroyed home, or, to pay off the mortgage still owing even though the home may no longer exist. That’s why we have insurance, right? Even though most homeowners do have Home Insurance, a worrying proportion of…
Well, renewal time has come around again and all your annual policy paperwork has arrived just in time. What to do!? Just pay the premiums and think nothing of it for another 365 days? Think again! Lidia Siljanoski our personal insurance specialist explains.
The rapid rise of apartment-style strata living across Australian cities has coincided with a significant increase in the number of people using storage cages to store their belongings. This trend has come about due to the limited space in many modern apartments. Unfortunately, an increase in the use of storage cages has also seen a…
Detailed planning and preparation is essential to protect the liability exposure and brand reputation of your Strata Management business in a crisis. Part 3 of our Crisis Management series builds upon Part 2, outlining in detail the crucial elements you need to consider to ensure you have the capability to implement a robust Crisis Management…
A crisis may occur at any time and can impact your business in a number of ways. Despite many years of good work in building a strong and favourable image in the community, your Strata firm’s reputation can be tarnished quickly if a crisis is not managed effectively. In Part 2 of our Crisis Management…
Headlines were made across Australia in November, 2014 when the severe ferocity of a Docklands apartment fire was attributed to the use of illegal cladding material in its construction. Even more alarming now, is that the cladding has been used in hundreds of high rise buildings throughout Australia. The presence of non-compliant cladding in a…
Breaking News: China has been blamed for a ‘massive’ cyber attack on Bureau of Meteorology supercomputer. Yet another incident highlighting the critical nature of Cyber Insurance within your Business Insurance Program. It has today been reported by ABC News that a ‘massive’ cyber attack has occurred at the Australian Bureau of Meteorology. It is alleged…
Yet another Australian business has fallen victim to cybercrime, where the personal details of over 5000 customers were compromised. Hackers were found to have breached the systems at Aussie Farmers Direct, in an attempt to blackmail the business for money, before they released the private customer data online. Unfortunately this example isn’t an isolated incident,…
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