Property and small business owners living in the northern regions of Australia may soon be breathing a sigh of relief as the Federal Government has announced a $10 billion reinsurance pool designed to subsidise the cost of insurance coverage for cyclones and related flood damage. The Government … [Read more...] about $10 Billion: Government to Cover Cyclone Damage in Northern Australia
Whether it be storms, floods or bushfires, Australia is a country that continues to experience the devastating effects of natural disasters. This year alone, extreme rainfall in the east side of Australia brought about widespread flooding in New South Wales all the way to South East … [Read more...] about Free Online Flood Risk Tracking and Checking Tool
Being tax audited by the Australian Tax Office (ATO) is an uncomfortable and expensive risk every Australian business, no matter the size, must face. Although diligent bookkeeping may serve as a basic preventative measure for an audit, it may never provide the protection you are looking for. I’ve … [Read more...] about Should You Invest in Tax Audit Insurance? Your Management Liability Policy May Provide Similar Protection at a Fraction of the Cost
The Nine Network has made headlines over the past few days after a cyber attack interrupted its regular weekend broadcasts. The network was put on halt for more than 24 hours, disrupting programs such as the Today show and assets such as 9news.com.au. At the same time, there was an attempt to attack … [Read more...] about Nine Network Hacked – is Anyone Safe?
The Australian Signals Directorate’s Australian Cyber Security Centre (ACSC) and Microsoft advise organisations using Microsoft Exchange to install the patches listed here as an urgent priority. The ACSC states that organisations using Microsoft Exchange deploy the above patches and then … [Read more...] about URGENT update required for Microsoft Users
The current hard insurance market is proving very difficult for many business owners. Over the past two decades the insurance market has been very soft, meaning insurance rates have remained relatively low with lots of insurers competing for your business insurance premiums. Over the last 1-2 … [Read more...] about Avoid Rising Insurance Costs by Being Prepared – We Show You How
Greensill Capital has made headlines for its rapid demise after two major Swiss banks turned off about $14 billion worth of funding. The 10-year-old company, which has blue chip clients such as CIMC, Telstra and Whyalla, had reported a $US49.4 million after-tax profit in calendar 2018 (from a … [Read more...] about How Insurance Sparked the Fall of a Bundy Billionaire
There’s no doubt that the COVID-19 pandemic has caused (and continues to cause) a lot of damage to businesses Australia-wide. As such, many organisations that have Business Interruption Insurance policies have asked the valid question if they could make a claim. Insurance companies argue they do … [Read more...] about COVID-19 Business Interruption Update: Clarity “Not Expected This Year”