Bad debts can seriously impact cashflow and profitability. Here are some tips for avoiding and dealing with them. 1. Improve invoicing and debt management This might involve tightening up payment…
Year: 2021
How Floods and Other Catastrophes Affect Insurance Premiums
When catastrophes such as floods or bushfires occur, policyholders in the region can find their insurance premiums suddenly rising. According to Insurance Business Australia, the “angry summer” catastrophes of 2019-20…
Is Your Business Fire Safe?
Fire risk management should be a top priority for businesses in every type of industry. Property fires can have a number of causes, including arson, outdated electrical wiring, bushfires and…
COVID-19 Making it Harder to Get Business Interruption Cover
With the pandemic leading to income losses for many businesses, some owners have turned to their business interruption (BI) insurance to provide compensation, only to find pandemics are generally excluded.…
How Ready is Your Business for Storm and Flood Risk?
During summer in Australia, we are often very concerned about the risk of bushfire – and rightly so. But it’s also important to be aware of storm and flood risks…
What Insurance Do You Need for a Mobile Food Van Business?
Mobile food van businesses are exposed to many of the same risks as a regular café or restaurant, as well as some additional ones. Examples of similar types of risk…