Insight

Business insurance can look complicated but once you understand the basics, you’ll find it much easier to talk to your broker about your needs. Here are five things it can help for you to know. Your cover should be tailored for you Business insurance can help protect a number of things including your company assets,…

The sale of Electric Vehicle (EV) models in Australia is growing to meet the changing demands of buyers. The year-on-year growth of EVs and Australia’s transition to sustainable energy is spurred on by rising petrol costs, the phasing out of traditional combustion engines by manufacturers, government rebates/incentives, emission targets and increased focus on EV infrastructure….

Australia is home to more than 30,000 restaurants, 28,000 cafes and coffee shops and 9,000 pubs, bars and nightclubs. If yours is one of them, you’re likely to be already familiar with some of the challenges that are part and parcel of running a hospitality business. It also pays to be prepared if you plan…

If you’re a small business owner, a good team is possibly your biggest asset, but it can be tricky to stay abreast of the rules around employing staff. These rules changed again recently, following the passing of the Fair Work Legislation Amendment (Secure Jobs, Better Pay) Act 2022. So, what’s new, and how could it…

The 2023/2024 Australian federal budget is a reflection of a number of risks in the economicclimate. These include persistently high inflation, the continuation of higher interest rates and stress in the global financial sector. The good news is unemployment is expected to remain low at 4.25% in the coming financial year. Additionally, a small surplus…

Across Australia, businesses of all shapes and sizes are turning to information communicationtechnology to automate repetitive tasks, reduce overheads and increase sales and profits. So is the insurance sector. Eighty percent of local insurers are using Insurtech – tools and technologies designed to make the insurance industry more efficient – according to the results of…

The rising inflation we’re experiencing now is affecting insurance in a number of ways. Materials commonly used to replace damaged properties, such as building items and even labour, are in short supply, driving up replacement costs. In these times, it’s important for small businesses to make sure the sum insured for their assets reflects their…

Understand the current strata insurance market landscape, how to achieve the best outcome for strata properties, and what’s on the horizon for 2023. The strata insurance market is in an interesting place. This update provides insight into the factors that have shaped the current market and a realistic outlook for strata insurance premiums. It delves…

The possibility of having cyber criminals make your personal details public is worrying enough, but did you know that criminals can also use this information to damage your business? “When a company’s security is compromised criminals often put the data they steal up for sale on the dark web, or what is called personal information…

This article addresses the ins and outs of flood cover, and whether your clients can include flood cover as part of their Strata Insurance. 1. How is flood defined In the past, different insurance companies all had their own definition of what constitutes ‘flood’ in their policy wordings. However, in 2012, the Insurance Council of…