The vast majority of SME owners have a knack for managing their business and their time, which is why they always have one eye on the future. Processes that maximise their time are extremely useful, as are specialists and experts who can manage the details, leaving them to manage the big picture. So, it comes as no surprise to learn that many SME owners leverage experienced insurance advisers to ensure that they receive the right cover at the right price for their business.

Continue reading The benefits of using an adviser for SME businesses

Given that the majority of businesses have experienced one of their toughest challenges in 2020, it makes sense to take a step back and reassess your goals for the next 12 months. This can be viewed as your ‘recovery year’, where you reassess the health of your business and make plans to operate under the new post-COVID ‘normal’.

Continue reading Assessing your business’ health and planning for the next year

In the past few months, we have seen many news reports predicting that the El Niño Southern Oscillation (ENSO) will enter a cooling phase this year, changing from an El Niño to a La Niña season. These reports have been followed by more recent announcements that the drivers for this event have been fulfilled, meaning that the cooler La Niña phase is now active.

The result of a La Niña phase is that we can expect multiple extreme weather events across the Pacific and into the northern and eastern parts of Australia from now and well into 2021. Above average rains, flooding and more cyclones than normal, off the coast of Queensland, are forecast over the next few months.

Continue reading La Niña Weather predictions and protecting your business from wild weather this summer

As the end of 2020 approaches faster than ever, it’s appropriate to take a look at where we have been and what the future likely holds for the insurance industry. That’s because at Insurance Advisernet we are committed to building a sustainable future where our clients and community can grow and prosper, despite the distresses of the past year.

So let’s take a look at some of the major obstacles and natural disasters that we, as a community, have overcome this year. Not forgetting to give credit to the many SMEs that have demonstrated their overwhelming strength and resilience, time and time again, in the face of extreme hardship. Continue reading A year in review – Insurance 2020

There’s no escaping the fact that SMEs are doing it tough lately with a combination of losses related to the bushfires, storms and now the COVID-19 pandemic. SMEs are, quite rightly, looking very closely at their current and future finances and how they can protect their businesses from Australia’s declining economy. Clearly, reducing expenses and holding costs, whilst trying to maximise revenues is obviously one workable solution. Continue reading Approaching renewals in a hard market

Whether you are a sole trader or a small business owner, insurance is a major part of doing business. Without the right type of cover, you are leaving yourself wide open to a range of risks that can be financially devastating. Continue reading Building and Construction Insurance – What you need to know

The ongoing COVID-19 pandemic has taught us many lessons, one of which is that diversification is one of the key elements in the ongoing success of a business. In this case, we are talking about diversifying your supply chain, because as we have seen recently, when supplies dry up, revenue plummets. Continue reading Safeguarding your supply chain

Dealing with ransomware attacks pre-COVID 19 was a challenge for many businesses, but it’s become much more of a threat recently. That’s because many of these attacks have targeted SMEs who don’t have the resources of the big multi-nationals to fend off these threats. Continue reading Ransomware threatening Australian businesses

Many purchasers of residential investment properties are also business owners who want to secure their future retirement. Every investment opportunity, however, comes with its own element of risk, which is where Domestic Landlord insurance comes into the picture. Let’s take a look at what this insurance covers and the key take-home messages you need to understand. Continue reading Domestic Landlord Insurance – What you need to know

At Insurance Advisernet, we appreciate that many SMEs are struggling to pay the bills during the COVID-19 restrictions. Maintaining your insurance cover, however, is one strategy that can actually help your recovery, resulting in a much brighter future as restrictions slowly begin to ease. Continue reading Why maintaining your insurance cover is vital to your recovery