Is Your Micro-SME Protected Against Financial Shocks?
With insolvencies up 57% and financial risks rising, micro-SMEs need solid protection. Discover key strategies to safeguard your business and why reviewing your insurance could be a game-changer.
Product Liability Insurance
Proactive Measures: Latent Defects Insurance Insights
NSW is introducing compulsory latent defects insurance (LDI) for high-rise residential buildings in NSW from 2028. Find out how your construction company can keep compliant and what LDI cover offers.
Ending Hazing: Protecting the Next Generation of Tradies
A recent incident involving a plumber in Victoria has highlighted the issue of apprentice hazing or bastardisation. A plumber was fined $20,000 in October after being found guilty of driving with a 19-year-old apprentice locked inside a toolbox on the tray of a ute during a 20-minute trip. Meanwhile, in July, a company was fined $10,000 plus costs after […]
Compliance Breaches Found in Half of Builder Audits
Recent audits by the NSW Government are a worry for the building industry. Nearly half of the building and renovation companies audited were found to be operating without the required insurance coverage. We’re talking about home warranty insurance. This crackdown is part of the government’s broader effort to ensure the safety and compliance of the […]
SME Guide to Getting the Most Out of Your Insurance Broker
SMEs can optimise their risk management, earn discounts by policy packaging, save on claim time & more by using the expertise of a qualified insurance broker. Learn how your business could benefit.
Nurturing Growth: Tackling Underinsurance in Agriculture
Fire and flood catastrophes can often alert farmers they’re underinsured. It can often hit as a double shock. Not having the right level of coverage is more common than you might think. For example, up to eight in 10 bushfire-affected properties may be underinsured, according to the Insurance Council of Australia. Why are farms underinsured? […]
Proactive Measures: Latent Defects Insurance Insights
NSW is looking to make latent defects insurance (LDI) compulsory for high-rise residential buildings by 2028. This transformative move has been described as a “game changer” by insurance law firm Wotton + Kearney. Read on to find out more about latent defects insurance and the mooted changes in NSW. The Building Compliance Crisis Industry commentators argue […]
Navigate Risks in the Clean Energy Transition
SMEs face a raft of risks with the ongoing transition to source energy from renewable options. This article will give you a global and national context, explain what you may face, and offer tips on risk management. On a global bandwagon Across the world, economies and societies are moving away from fossil fuels (such as […]
Supply Chain Disruptions & Business Interruption Cover
Supply chain risk management is the top area for Australian businesses to improve upon, according to a recent survey by the Australian Securities and Investments Commission. Alarmingly, the survey found 44% of companies surveyed were not doing anything to manage supply chain or third-party risks. In this article, we’ll explain how to audit your business for supply chain […]
The most infamous product liability cases from around the globe
Who would have thought finding a decomposing snail in a ginger beer bottle would open up a new principle – duty of care – which is the basis for product liability? The landmark 1932 case (Donoghue v Stevenson) set down UK common law that continues to underpin Australian liability law. There’s also another Australian link. […]