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Although the baby boomers are increasingly heading towards retirement, a recent survey revealed that less than 20% of the owners of Small and Medium-sized Enterprises (SMEs) have any formal strategy in place to address their exit from the business.What’s particularly surprising about this, is … [Read more...] about Exit stage left

With the upcoming festive season fast approaching it’s a timely reminder whilst there’s much to celebrate, consideration should be also given to your personal and business security and risk management arrangements.As many of us head off, both locally and overseas, for our Christmas holiday break … [Read more...] about Make it a Christmas break – not a break in

It wouldn’t be in the spirit of Christmas to sue anyone would it? The silly season hopefully refers to our hangovers and bad karaoke rather than the potential of a liability claim with household Christmas displays.You know the ones, the houses that are lit up like a Christmas tree, and the rest … [Read more...] about All I Want for Christmas is a liability policy

With some estimates stating that one in 10 insurance claims are fraudulent across the globe, the ability to identify fraud before payment could revolutionise the industry.As insurers and brokers focus more on cost-saving measures due to soft market conditions, the ability to shirk fraud costs … [Read more...] about Tech advances to prevent insurance fraud

Cyber security is a critical challenge for Australia. From opportunistic hackers to professional cybercriminals, the risks of having confidential data compromised, intellectual property stolen or business operations disrupted are all too real when companies are storing their assets on virtual, … [Read more...] about Reinforcing cyber security strategies with cyber insurance

Two months after launching out of stealth to take on the peer-to-peer insurance industry, New York-based Lemonade has raised $33 million in funding, according to an SEC filing from December 2nd.First spotted by CB Insights‘ filing tracker, the quiet raise that closed in November is the opposite … [Read more...] about A startup that wants to transform insurance ‘beyond recognition’ has added $33 million to its war chest

On 8 September, 2016 the Workers' Compensation and Rehabilitation (National Injury Insurance Scheme) Amendment Bill received Royal Assent.While the Bill enacted a number of changes to the WorkCover regime, the focus of this article relates to the changes that potentially affect third parties … [Read more...] about Recent changes to the Workers’ Compensation regime

During September 2016, two severe storm fronts swept across South Australia in what could be described as one of the most extreme weather systems to hit the state in 50 years. While the entire state was without power for several hours, many businesses were without power for several days, resulting … [Read more...] about When the power goes out – is my business covered?