While the pandemic has spotlighted supply chain disruption, other factors are coming into play. These include climate change, skills and labour shortages, Australia’s shrinking sovereign manufacturing capability and greater political uncertainty in the Indo-Pacific region. (The latter centres on dynamics around China). Industries such as automobile manufacturing, home building, as well as equipment repairs and others are […]
Business interruption policies have come under the microscope during the pandemic, with legal class action claims and test cases helping delineate the extent of coverage. So here’s your update on what these policies cover (and don’t cover) and why businesses continue to harness this often misunderstood insurance as an essential safeguard. BI – an overview […]
If some of the more popular buzzwords of the past two years were “flexible work” and “hybrid business”, 2022’s might be more along the lines of consistency and continuity. Going into a third year of upheaval isn’t appealing and so smart businesses are creating plans to offer a less disrupted service and process, to clients and staff, if […]
Every 10 minutes on average, another Australian small business reports a cyber crime, according to the Australian Cyber Security Centre. And more than four in 10 cyber crimes committed in Australia target small businesses, says Business Australia. Scams and victim numbers are increasing. The government’s Scamwatch website reports $211M lost through scams from 1 January to 19 September last year [2021]. […]
Logistics has become a hot term given the protracted supply chain chaos and recent shortage of the crucial diesel engine additive AdBlue. So what are the top four logistic industry trends and innovations for 2022? Read about them here. Autonomous vehicles Cutting-edge delivery vehicles, known as levels 3, 4 and 5, are moving into the […]
As we charge into 2022, it’s time to bust a few myths about insurance cover. Here are five common ones that hopefully won’t surprise you. Myth 1: Home insurance protects my home-based business Not necessarily. You should still check your policy for coverage even if clients and visitors don’t come to your home-based business premises. […]
Whether your business is back in full gear after the festive season or not, now’s the time to review your insurance to ensure it’s up to date. Delaying a review means your company risks being underinsured, which could have dire financial consequences. An annual review, such as at the start of the year, is a […]
It’s now two years since the COVID-19 virus appeared and we’ve now got some solid trend data about its impact on accidents and insurance claims. There’s been an increase in workers’ compensation and business interruption claims as well as catastrophe insurance, but a dip in general insurance claims. That’s partly due to government-imposed lockdowns, physical […]
State and national borders have progressively opened since 1 November. But it’s a new world order for corporate travel. That includes transient travel and trips for meetings, incentives, and conferences. These may be for events held for business development, client visits, industry expositions, or off-site team meetings. Impact of COVID on business travel According to […]
Planning for your business staff Christmas party may be well underway. However, one area of paramount importance, yet often overlooked, is managing the risks involved. Check out our tips to minimise and manage the risks involved in your work Christmas function. They’re your guide to a risk assessment. And they won’t turn you into the […]
