Is it crucial for your business to have Professional Indemnity Insurance?

Is it crucial for your business to have Professional Indemnity Insurance?

What is Professional Indemnity (PI) and who needs it? Whether you’re an accountant, an architect, or an allied health professional, you have a duty of care to clients. You must serve them with a reasonable degree of skill, competence and ability. Most often that is exactly what happens – but no-one is infallible and...
When did you last review your business insurance or risk management plan?

When did you last review your business insurance or risk management plan?

While successful businesses can grow quickly, growth presents some unexpected challenges, especially when it comes to managing risk. According to the ABS, over 90% of all Australian businesses are small to medium enterprises, employing over 40% of the workforce. Together, they generate 33% of Australia’s GDP. Australia is a nation of small business owners, over...
A powerful reminder that brokers work for you – not insurance companies

A powerful reminder that brokers work for you – not insurance companies

There are many benefits that can be gleaned from employing the services of an insurance broker. We know what you’re probably thinking: ‘You would say that, wouldn’t you, because you guys are brokers.’ That may be true. Every once in a while, however, a situation arises that perfectly demonstrates why using a broker can...
What will the Notifiable Data Breach (NDB) scheme mean for your business?

What will the Notifiable Data Breach (NDB) scheme mean for your business?

In late 2017 it was discovered that the multibillion dollar, international company ‘Uber’ was found to have clients data compromised – yet the business did not inform their customers of the breach, and just paid the hackers $120,000 to keep quiet. The Notifiable Data Breach (NDB) scheme came into effect on February 22 (2018)...
Why mobile and portable items insurance is more important than ever

Why mobile and portable items insurance is more important than ever

Nowadays we carry around with us more expensive items than ever before. The smartphone revolution has brought the world to our fingertips, putting in our pockets sophisticated and sleek portable devices. Recent research has found that 78% of Australian high school students carry up to $1000 worth of items with them every day to school, including...