Launching a new business or start-up as a sole trader during a pandemic is challenging, but it's not impossible. The crisis has opened up a world of possibilities to entrepreneurs willing to take a shot.
Tradies: Protect your business with tool insurance
Incidents of tool theft occur all over Australia, with power tools being a key target for thieves. If you’re an Aussie tradie, you’ll know how valuable and essential your tools really are. If you were a victim of theft, would you be able to turn up the next day and keep working? The likely answer is no – most tradies can’t work without their supplies. Without tool insurance you would have to dig into your own savings to replace your tools.
Is COVID-19 threatening your business?
Australian businesses have been urged to recognise the significant level of ransomware threat from cyber adversaries. Scamwatch has received over 3,900 scam reports mentioning the coronavirus with over $3.1 million in reported losses since the outbreak of COVID-19. Ransomware acts as a method of extortion, locking a computer’s content and displaying a message requiring victims to pay a ransom in order for them to regain access. The emails delivering ransomware to victims often mirror the branding of trusted and reputable corporations as part of their techniques.
Do you know your WorkSafe requirement around COVID-19?
As our trusted clients, we wanted to make you well-aware of recent changes regarding COVID-19. As of 28th July 2020, Victorian employers are now required to notify WorkSafe immediately when they become aware that a worker has received a confirmed coronavirus (COVID-19) diagnosis.
COVID-19 impact on your cyber risk
With the steep rise in remote working, introduction in new health measures and economic stimulus all related to COVID-19, we’ve seen increased cyber risk incidents.
A guide to insurance and risk management during the COVID-19 pandemic
As part of our pledge to ensure that all of our clients are up to date with correct information, we want to notify you of how we are responding as a business and an industry to the impacts of the coronavirus.
Autonomous vehicles: A new opportunity for the farming industry
In many parts of the world, robots have already hit the fields behind the wheel of autonomous farming vehicles. Driverless machines are taking over a multitude of tasks such as spraying, planting, ploughing and harvesting as farmers worldwide find ways to make the technology work for them.
Being prepared for a drastic bushfire season
Being prepared for a bushfire will help save lives, save buildings, and help keep destruction to a minimum. Ensuring that you have enough insurance to cover any damages or losses from a bushfire can also form part of your survival plan - knowing that you can rebuild will be a huge weight lifted should anything happen to your property.
What are the risks of being underinsured or uninsured?
We've all heard stories about insurance claims not being paid out based on a technicality or some minor detail, and it always seems to be at the worst time in someone's life. An unexpected disaster resulting in injury or damage to your property can be stressful at the best of times, but imagine not being insured enough to cover the cost of the most basic of repairs let alone sufficient to rebuild if required.
Cyber security – a big risk for small business
Cyber security is growing risk in Australia, particularly for small businesses. According to a 2019 report, cyber criminals have shifted their focus, targeting more small businesses, resulting in a 424% increase in breaches from 2017.