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The Australian Insurance Market has long been described as cyclical, for instance: it moves through both hard and soft market conditions. In a ‘hard’ market premiums increase and underwriting capacity is eroded. ‘Soft’ markets are characterised by falling premiums and aggressive insurers chasing … [Read more...] about Insurance Premiums on the Rise?

There is no question that COVID-19 has changed the way we live, work and transact in 2020. The impacts of these changes may yet be felt for many years to come. While we are all rapidly adjusting, it is important to consider the actual or potential business insurance impacts. Some questions that … [Read more...] about Doing Business Differently In 2020

Theft from Australian construction sites are disturbingly common and accounts for around $1 billion in costs worldwide. Not to mention less than 25% of stolen equipment is recovered. Even if police find the stolen equipment, they have little chance identifying that it belongs to you. It is easy … [Read more...] about How to Deal with Staff Pilfering From Your Construction Site

Did you know that cyber-attacks went up by 700% last year, leaving many Australian businesses feeling unprepared? A cybersecurity threat can lead to lost data and money. When your system gets taken over by ransomware, your business is held, hostage. A cyber insurance policy that covers you in the … [Read more...] about Risky Business: Why Your Small Business Needs Ransomware Insurance

Although bushfire season is here, this risk is only one of a host of different sources of fire. Arson is often the cause of fire and poor maintenance standards are another serious fire risk for businesses. For instance, damaged or old electrical cabling is all too often the cause of a fire, … [Read more...] about Is your business fire safe?

Running a business has a number of responsibilities and associated risks whether you are a sole trader or global enterprise. Business insurance can protect you against the financial damage of business risks giving you peace of mind to concentrate on growing your business. In Australia, some … [Read more...] about Business Insurance – what should every business consider?

Due to the Coronavirus restrictions, many businesses are having to temporarily close to limit the physical exposure to the virus. This is changing the way businesses are able to operate or normally function. Some businesses have been instructed to close their doors, some have been directly or … [Read more...] about Why are Unoccupied Risk so unattractive to Insurers?

In today’s current Economic Climate many businesses are electing to increase their growth by way of acquisition. Whilst this strategy remains sound, there are many considerations that need to be undertaken prior to purchasing an existing business, particularly if that business is in the same … [Read more...] about Growth by Acquisition