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Cyber-crime – we are all at risk

It seems no matter how many stories we read or hear about cyber-crime attacks and data breaches, businesses still hold the view it will happen to someone else’s business, and never our own. Yet the list of companies whose data security has been breached reads like a Who’s Who of big names – Home Depot, Sony, [...]

Mandatory data breach notification laws and your business

Privacy Amendment (Notifiable Data Breaches) Bill 2016 passed in parliament on 13th February 2017. This means an amendment to National Privacy Principles to include mandatory reporting of Cyber breaches. Who does the law apply to? Companies that are affected by the legislation includes all businesses and not-for-profit organisations with an annual turnover more than $3 [...]

By | 2017-04-27T14:25:43+00:00 February 22nd, 2017|cyber crime, Insurance advice, Uncategorized|0 Comments

Get run-off cover before running off

Are you planning to sell your business or retire soon? As you prepare to walk away from your business and retreat to your new life of leisure, you’ll have lots of decisions to make. One of them will be whether to continue your business insurance. The good news is that you can dispense with most [...]

Natural disaster to business catastrophe – The value of environmental liability insurance

Bushfires. Severe storms. Cyclones. Floods. Landslides. Australia regularly experiences a range of natural disasters. They wreak havoc and cause great hardship for families and communities, including loss of life, injury, destruction of property, devastation to the landscape and more. In the face of both the human toll and environmental damage, it can be easy to [...]

Avoiding the risk gap: Why the right insurance is essential

SMEs worry about risks, but don’t insure against them. That’s the headline finding of this year’s Vero SME Insurance Index. According to the Index, a major risk gap exists. While many business owners have major fears about the potential for their business to fail, they’re not sure if they have the right insurance cover in [...]

No one loves insurance… until they need it!

Insurers tell us that they’ve been doing it tough over recent years, with heated competition in their commercial businesses leading to low profit margins. While reinsurance prices have remained low, insurance companies have been jostling for customers’ business which has helped to drive premiums south. This may all be set to change, with news that [...]

The threat of terror – Developing a terrorism risk management plan

9/11. Bali. London. Madrid. Paris. Terror attacks are unfortunately all too frequent. And we now hear almost daily reports of young Australians being stopped at the border as they attempt to travel to the Middle East to join the fight with Islamic State jihadists. Terrorism is no longer a distant threat. The changing political landscape [...]

Farming goes high tech – Using data for farm risk management

It’s estimated that the world’s population will reach a staggering 9 billion people by 2050. And according to the United Nations’ Food and Agricultural Organisation, by 2050 we’ll need to produce 70 per cent more food to feed our increasingly crowded world. But how can we possibly meet this enormous additional demand? Productivity is the [...]

Cyber insurance – More important than ever with new laws on horizon

Cyber security breaches were big news in 2015. It seemed barely a day went by where the media wasn’t reporting yet another major hack somewhere in the world. According to US-based Privacy Rights Clearinghouse, there were more than 120 million personal records breached globally in just the first eight months of 2015. This was up [...]

Personal Property Securities Register: Fail to register at your peril

Does your business buy or sell goods under retention of title or consignment arrangements? Hire, rent or lease valuable goods, machinery or equipment to others? Buy or sell valuable used goods? If you do, then you need to know about the Personal Property Securities Register (PPSR). The PPSR is an online register where the holder [...]

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