#Insurance
SME owners: Don’t overlook the importance of insurance in your disaster plan
Many small businesses operate without insurance or with insufficient coverage, leaving them vulnerable to financial ruin in the event of a disaster.
ICA says Queensland budget is a ‘missed opportunity’
The Insurance Council of Australia has slammed the new Queensland 2021-22 budget, saying it fails to protect Queenslanders from extreme weather disasters.
Companies tallying economic hit from bushfires
Accommodation provider Aspen Group has forecast an income hit of at least $500,000 as bushfires wreak havoc on the NSW south coast and drive holidaymakers away. The company is the latest in a growing number of businesses to have reported financial losses from fires in recent weeks, including fruit and vegetable grower Costa Group and […]
How to reduce your risk as a business owner
As business owners, we sure do have a lot on our plates. Balancing the day-to-day of running a business with high-level strategic and growth activities can be enough of a challenge by itself. However, things can go completely off kilter if something goes wrong, and you don’t have the proper protections in place. A dispute […]
The five key things to consider ahead of purchasing insurance for your business
As a business owner, dealing with insurance can easily slide down the priority list. Not many people look forward to answering bunches of questions or filling out pages of paperwork, and nobody in their right mind gets excited about paying insurance premiums. But what if you had a really bad day at work? What if […]
Small business insurance rates remain steady
Despite talk of hardening insurance rates over the last few months, the latest BizCover Small Business Insurance Index indicates that premiums for small businesses remains steady at 80 points. Although there have been industry predictions of stricter underwriting criteria and higher prices, BizCover found that excess capacity and good levels of profitability have resulted in […]
How small businesses can assist their employees to get the most of their super
Although it’s not something that might cross every business owner or manager’s mind, it’s important to educate your team about things outside of the scope of their role. For example, providing your employees with life skills and tips to help them take advantage of a dedicated resource like their superannuation. Although long-term full-time workers may […]
Should you leave your job to start a business? Seven steps to consider before making the leap
Founders often ask me ‘how do you know when is the right time to leave a corporate role and start your own business?’ Despite the fact I have a strong accounting background and am very much a numbers person, life experience has taught me this initial decision often needs to be based more on a […]
How to ensure your business trip isn’t derailed
Those of us planning on flying in the next few weeks – either domestically or internationally – are probably a little concerned. We’re hearing horror stories left, right and centre about heightened security, hours of delays and missed flights. So how can you ensure that your business trip runs smoothly and how can you adjust […]
Headed for financial trouble? Spotting the warning signs could make all the difference
Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses don’t make it past the first three years, which is why business owners should seek help early on to ensure their financial health. But first, […]
Laptop ban: How business travellers can adapt
Many international travellers were recently shocked to hear that several airlines had put in place a laptop ban that was enforced by the US and UK governments on certain international flight routes. Some officials announced that any electronic devices larger than a mobile phone would be prohibited on board a flight and would only be […]
Fast Cover Travel Insurance lands Hollard deal: “It’ll help us accelerate,” says founder
Australian travel insurance provider Fast Cover has secured global financial services business Hollard as its new underwriter. The deal marks the first time the global financial services business has partnered with a specialised travel technology firm. In a statement announcing the partnership with FastCover, Hollard’s CEO Richard Enthoven said his company is “always looking to work with […]
When the gender odds are stacked against you in business, it may take ruffling some feathers
“Regardless of what sector you work in, the only constant for our generation is CHANGE. There will be no slowing down of the technology and innovation boom”. So says Kate Middleton, who has the distinction of being the only female CEO of a major player in the Australian insurance adjusting and engineering industry While sectors such as […]
Why an Annual Business Review is Essential
When was the last time you reviewed your business? Every owner should conduct an extensive review at least once a year to stay on track. It doesn’t matter if you’re running a small firm or a large corporation – every business benefits from a solid plan of attack. Annual reviews allow you to evaluate what […]
The complete contractor’s guide to business insurance
If you are a contractor or tradesperson, you’ll know that your insurance needs are a little different to those of standard white collar workers.
Four-and-half years’ jail for faking clients’ deaths
A funeral director has been sentenced to four-and-a-half years in jail, with three years non-parole, for faking the deaths of clients in order to claim insurance payouts.
Could you rebuild if your business burnt down today?
If your business burnt down today, what would happen? Would everything fall to pieces or would you be able to move to a different location, retrieve your files and data and keep going without too much fuss?
Do you have a disaster contingency plan?
While you can’t always predict disaster, you can prepare for any contingency by making sure all your business systems and data are safe.
Needless expense vs. a stitch in time
Insurance is one of those costs for small businesses, which, when times get tough is usually the first to go. Yet not having adequate cover can be the very thing keeping SME owners awake at night.
5 big insurance mistakes to avoid
Here are the five common insurance mistakes and how they affect the bottom line.
Why business interruption insurance matters
The majority of Australian small businesses choose to go without Business Interruption insurance – but that’s often because they don’t realise the implications and the risk they’re taking on.
The dangers of underinsurance
Business owners know that insurance is a necessary part of protecting their livelihood from unexpected loss, but the truth remains that the majority of Australian businesses are woefully underinsured.
How to start a food truck
Mobile food trucks are becoming an increasingly common sight on Australian streets. Here are three things you need to consider before starting your own.
Recovery grants available for flooded small businesses
Clean-up and recovery grants of up to $25,000 are now available for small business owners who have been adversely affected by the 2013 Queensland floods.