Short of inventing a time machine, it's hard to reverse a bad history of insurance claims. Fortunately, there are steps you can take to improve your risk profile and avoid being slugged with expensive premiums or higher excesses and onerous policy conditions. Identify the problem Not … [Read more...] about How to fix your risk profile
You’d expect your insurance premiums would stay the same, if not decrease if you’ve continually improved your risk management over a long period in business and made no claims. Despite that apparent logic, insurance premiums across the board keep rising. This article explains how insurers work out … [Read more...] about Why do my insurance premiums keep rising?
You've got your business strategy sorted, plenty of marketing ideas and your revenue prediction for the next year looks promising. Running a business is exciting - so exciting that it's easy to forget some of the more mundane but critical aspects like regulatory and legal obligations. Here, … [Read more...] about Do you know your key legal and regulatory obligations?
Purchasing insurance directly or through a broker/advisor? Here are the differences you need to know
Half of the $19 billion Australians spend on general insurance each year is purchased through insurance brokers/advisors - the rest is bought directly from insurance companies. Curious about that even split? This article explains the differences between buying your policies through a … [Read more...] about Purchasing insurance directly or through a broker/advisor? Here are the differences you need to know
Product recalls require comprehensive coverage ‘Product recall’ is a phrase no business or manufacturer wants to hear, especially as they make for great media headlines - as the recent strawberry recalls showed. Being proactive and having media plans, recall strategies and appropriate insurance in … [Read more...] about Product recalls require comprehensive coverage
Hayne Royal Commission - what it means for the industry The insurance industry has faced the full force of the Hayne Royal Commission, with the media highlighting tales of consumer suffering and the follies of financial executives. With the final report due by February 2019, what are the practical … [Read more...] about Hayne Royal Commission – what it means for the industry
Here's how to avoid a phishing attack Phishing attacks have been around since the 1990s, but they’re still causing trouble for SMEs across the globe. All it takes is one misplaced click from an unwary employee to give attackers the keys to your most sensitive data, or cause mass service … [Read more...] about Phishing: A cyber crime classic
Why use an insurance broker? For the peace-of-mind. That’s why. There is nothing worse than paying a premium for insurance, then, when you lodge a claim following an insured event, find that you get the runaround from the insurance company and, eventually, a settlement that leaves you well out of … [Read more...] about Why use a Broker?