Mistakes can happen. If your business is found liable for negligence, the costs can be financially devastating. Not only could you be subject to an expensive lawsuit, but your business’s hard-earned reputation may be damaged as a result.Professional Indemnity insurance is mandatory in some … [Read more...] about Why do I need Professional Indemnity insurance?
The Future of Casual Employment
Changes have been made to the Fair Work Act 2009 which may impact how you employ and manage casual Employees and you have until 27 September 2021 to put new processes in place.The key changes have been summarised into the following areas: Changes to the definition of ‘Casual Employee’ … [Read more...] about The Future of Casual Employment
Internal Auditing
Given the steep rise in Employee fraud and embezzlement, the importance of Internal Business Auditing has never been more vital. Whilst there are Insurance Policies, such as Management Liability and Crime that provide Indemnity for some of the exposures the reputational damage, together with the … [Read more...] about Internal Auditing
Why is Management Liability insurance important for your business?
Conflicts arising from the workplace have become increasingly common, in particular with current market conditions affected by the global pandemic. SMEs are subject to legal action which can be financially devastating for both the business and its executives. The need for Management Liability … [Read more...] about Why is Management Liability insurance important for your business?
The Role of Your Broker During the Claims Process
In September 2020, Deloitte Access Economics released a report outlining the value provided by insurance Brokers. The report highlighted that those Brokers supporting Clients throughout the claims process can lead to better outcomes for Clients.This conclusion was expected for insurance … [Read more...] about The Role of Your Broker During the Claims Process
Cyber attacks, another aftermath brought to us by COVID-19
COVID-19 has brought us a whirlwind of emotions and numerous groundbreaking changes. While we now show an increased appreciation for our loved ones, we’ve also become particularly more vulnerable in multiple ways.As an Insurance Broker, my concerns during these trying times (besides my family’s … [Read more...] about Cyber attacks, another aftermath brought to us by COVID-19
Social media risks for your business
Social media is everywhere. It’s unavoidable, it’s powerful, and it’s here to stay.That being said, social media does come with a set of risks. According to the latest EY Global Information Security Survey, 59% of organisations had a “material or significant incident” in the past 12 months. In … [Read more...] about Social media risks for your business
How Cyber Insurance can help protect your business
As our reliance on technology, the internet, and all things digital continues to grow, so does cyber risk. For businesses of all sizes and even government bodies, falling prey to cyber attacks is one of the key areas of concern every day. Evidently, every business with an online presence or … [Read more...] about How Cyber Insurance can help protect your business