JBS Foods, the world’s largest meat processing company, has just agreed to pay a $14.2 million ransom to a Russian-speaking criminal ransomware gang, REvil. According to ABC News, the five-day cyber hack resulted in the company temporarily having to halt some of its operations in the US, Canada … [Read more...] about JBS Pays $11.4 Million Ransom to Resolve Cyber Attack
Every business is evolving, especially in this current market. It’s important to remember that as your business adapts to the market, so should your insurance policies. Seemingly simple errors such as a lapse in an insurance policy can even lead to the quick demise of large, well established … [Read more...] about How Policy Reviews Can Prevent You From Closing Business or Losing Revenue
Reputation is paramount in the food and beverage industry. In a fast-moving, highly competitive, highly regulated, social-media-centric market, food and beverage companies are continually required to jump through hoops in order to establish trust and reliability with their customers. Further, the … [Read more...] about Product Recall Insurance Now More Accessible for Food Manufacturing Businesses
Being underinsured for assets is a growing concern for businesses throughout Australia. As world events continue to negatively impact the economy, it comes at no surprise that businesses are looking for numerous ways to cut costs. This is particularly true when it comes to cutting investment in … [Read more...] about Are you Insured for Full Value? If Not, You Could Lose Hundreds of Thousands of Dollars
We’d like to give a huge congratulations to our Account Manager, Alishia Oliver, for being a finalist for the NIBA Young Professional Broker of the Year award for Warren Tickle Memorial Award - Queensland division. The Young Professional Broker of the Year award recognises a high performing … [Read more...] about Alishia is a Finalist for NIBA Young Broker of the Year Award
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