With the end of another financial year fast approaching, it’s time to prepare for your EOFY obligations. This most probably means spending long hours at your desk in addition to your usual workload, simply to get all the paperwork completed. The problem is that it’s not just your tax that needs to be finalised, there’s a whole range of other EOFY responsibilities and obligations that need to be addressed by small business owners. Continue reading Setting your business up for EOFY

As an astute business owner, you may have noticed that insurance costs in Australia are generally trending upwards, between 10% – 20% for business (30% or more if significant claims or higher risk industries) with home insurance averaging increases between 10% – 15%. This is due to several different factors Continue reading The current insurance market and adapting to the changes

If your commercial premises are flooded during a storm and you have flood insurance, you would most probably make a claim and expect a payout. Unfortunately, if you don’t have flood cover there may be an issue when making a claim. Knowing the difference between what’s storm water damage and what’s flood damage under an insurance policy can make a huge difference. Continue reading How insurers classify storm vs flood damage

As a business owner, you do everything within your power to make sure that no-one is injured, or property damaged when you’re working or during a visit to your office or factory. However, sometimes the unthinkable happens and someone is injured, or building, plant and equipment becomes damaged. As a result of the injury, this person cannot work and loses income, or worse, may be permanently injured. It’s at this point that you or your business may become legally responsible. Continue reading Understanding Public Liability Insurance

The latest Cyber Crime statistics from the Australian Cyber Security Centre (ACSC) show that there was a cybercrime reported every 10 minutes, totalling 60,000 in the past 12 months. The most common type of cybercrime reported is Fraud (40%) which includes online romance and investment scams, Identity theft and misuse of personal information (32%), followed by cyber related abuse (22%). Continue reading Remaining cyber aware and cyber safe

Whatever the location of your business in Australia, it’s likely that you will be faced with an extreme weather event or possibly a natural disaster at one time or another. The evidence for extreme weather events speaks for itself with areas of Australia experiencing floods, cyclones, severe storms and bushfires over the past few years (and often during one single year). So how can you protect your business and ensure that you keep everyone safe?

Continue reading Protecting your business from natural disasters & extreme weather

With the events of 2020 affecting both the insurance industry and the business sector, knowing how insurers view your commercial property’s risk profile can be empowering. That’s because this knowledge has a direct impact on your company’s ability to access the type of insurance required at a price that is affordable.

Continue reading Do you know how an insurer views your company’s risk profile?

The worst time to find out that your business is underinsured is when your claim is part paid, or you realise that your insurance doesn’t cover all your stock, goods or equipment. So, what does it mean to be underinsured and how can you avoid this for your business? Continue reading What it means to be underinsured and how to avoid it happening to your business

With the rapid increase in online shopping, spurred on by the 2020 pandemic, many SMEs are now realising that a website should be one of their immediate business goals. Tapping into this growing pool of online shoppers is a quick way to expand your target audience and grow your revenue. But where do you start?

Here are five steps to getting your small business online as quickly as possible. Continue reading How to get your small business started online

If you provide services or advice to people as part of your job, it’s fair to say that you always do your best to make sure that nothing goes wrong. Given your qualifications and experience, you make sure that your services are first class and your advice is exemplary.

Unfortunately, despite all the care in the world, things can go wrong Continue reading Why do you need professional indemnity cover?