What you need to know about transport insuranceTransport insurance is a complex and dynamic industry, mainly due to the nature of the work and the high number of claims that are processed each year. This means that insurance advisers need to thoroughly understand the nature of the transport industry so they can craft a policy that’s perfectly tailored to their client’s needs. Continue reading What you need to know about transport insurance
With COVID-19 continuing to be troublesome in Australia, the government announced an extension to the JobKeeper program on 21st July, labelled JobKeeper 2.0. This will come into force on 29th September and last until 28th March 2021. These changes have been welcomed by many SMEs who fear that without financial support they will no longer be able to operate under COVID-19 restrictions. Continue reading How will the changes to JobKeeper affect SMEs?
Insurance providers have faced many challenges in the past year mainly due to the bushfires, floods, and the ongoing global pandemic. One of the outcomes from these disasters is that many insurers are reducing their capacity across a variety of industries in an effort to replenish their returns.
Low investment potentials due to extremely low interest rates combined with rising property and liability premiums have rightly drawn concern from the business sector. So how do Australian businesses manage their risk management strategies as the markets slowly recover? Continue reading Rethinking your risk management this new Financial Year
Cyber-crime, climate change, natural catastrophes, bushfires, floods and storms are all real-world problems that businesses need to contend with in Australia. We also can’t ignore the recent COVID-19 virus that has posed significant problems for many SMEs. Then there is the Brexit challenge, as well as any trade fall outs that stem from COVID-19 and the interplay between China and the rest of the world (notably Australia, UK and US).
Let’s take a look at some of the problems that face Australian businesses and how the right type of insurance cover can reduce your risks and help to mitigate potential losses. Continue reading Business Risks to be Aware of in 2020
Whilst some policyholders have already noticed a rise in their premiums this year, it’s not time to panic yet. All insurers prepare and make allowances for increased claims during potentially difficult disaster seasons (bushfires, floods and storms), so it’s not certain that premiums will increase this year.
Nevertheless, nothing is guaranteed, so it’s always a good idea to be prepared for premium increases at some time in the future. Continue reading How SMEs can prepare for potential rising premiums
One of the most essential policies for homeowners is home insurance. That’s because if your home burns down or is severely damaged by storms for example, without insurance, you have to pay for the repairs or replacement of your home. For most Australians, buying a home is their biggest financial purchase and their biggest asset, so losing it all in a matter of hours is devastating.
Let’s take a look at what home insurance actually covers, what questions you need to ask and how you can make a claim against this policy.
Continue reading What you need to know about Home Insurance payouts
With a plethora of challenges faced by the Insurance Industry in 2020, it’s important that SMEs make sure that their policies are up to date. You also need the right type of polices in place, so you will be well positioned to reduce your ongoing risks.
Continue reading How can SMEs prepare for the challenges to the Insurance Industry in 2020?
With the EOFY rapidly approaching, what do the COVID-19 stimulus packages mean for your business tax returns? This all depends on whether you have taken advantage of these packages, so let’s take a look at some of these measures and how they may affect your tax returns this year.
The recent bush fires and flooding events across Australia have highlighted the increasing trend towards extreme weather events, evidenced by the Australian Actuaries Climate Index. Whilst used as further confirmation of climate change, this index makes it very clear that the frequency of these extreme weather events has continued to rise since 1981.
Continue reading Australia’s wild summer and the implications on insurance premiums
For many businesses, the last several weeks have meant more of us working from home. We often hear stories of corporate hacking or phishing scams hitting thousands of people around the world. So what can we all do to protect ourselves?
Continue reading Five ways to boost your cyber security during Covid-19
