If you run a farm, you need to make sure you’re financially protected for the specific risks it carries. This involves having an insurance policy tailored for farms rather than…
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7 Tips for Improving Cyber Security
According to the Insurance Council of Australia (ICA) cybercrime is on the rise and is costing an estimated $1 billion each year. Reports by Symantec also state that Australians tend…
4 Ways to Reduce Bad Debts in Business
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…
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 Property fires can have a number of causes, including arson, outdated electrical wiring, bushfires and…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.…