Increase to WA’s Work Health and Safety Penalties
by bonfireWestern Australia now has the highest work health and safety penalties in the country. The increase in penalties highlights the importance of maintaining a safe workplace. Workplace Health and Safety (WHS) also referred to Occupational Health and Safety (OH&S) laws require employers to manage workplace risks in order to protect the health, safety and welfare of […]
Tradies Insurance, do you know what cover you need?
by bonfireAre you a tradie getting confused about what insurance cover you need? Do you fully understand your responsibilities as a licensed tradie at a job site? Your trade and your business is unique, and for that reason so is your risk and the cover you need. Tradesperson insurance can vary, whether you’re a subbie, sole […]
Management of Minor Workers’ Compensation Claims
by bonfireA recent Workcover WA Bulletin has been released, claiming that some employers are choosing to pay low cost workers’ compensation claims themselves and not processing them in accordance with current legislation. Duty to submit a workers’ compensation claim Regardless of the size of the claim, under the Workers’ Compensation and Injury Management […]
Surviving Email Fraud in 2018
by bonfireEnterprise security company Proofpoint, Inc has recently released their 2018 Edition of Surviving Email Fraud: A Practical Guide to Protecting Your Organisation. The publication states that since the FBI began tracking simple email fraud attacks in 2015, more than 22,000 organisations worldwide have fallen victim to them, losing an estimated $3.08 billion. Proofpoint […]
What is Premium Funding? | How your business can benefit from it
by bonfireDid you know that a 2017 ASIC survey identified over 2 out of 5 small business failures are due to insufficient cash flow? As a small business, your insurance policies are obligatory, but the costs involved don’t have to cause unnecessary financial stress. Read on to find out how Premium Funding your policies can […]
What if your commercial property or home is unoccupied?
by bonfireA common issue arises when a building, whether a home or commercial, is unoccupied for an extended period. If for instance: You are travelling on an extended holiday You are moving away Or a tenant leaves your home or commercial building and you find you can’t tenant or sell the property, make sure you consider […]
Is Your Property Bushfire Prepared?
by bonfireAs Christmas holidays approach we finally get our chance to visit Perth’s beautiful beaches. Unfortunately, dry heat and winds bring significant fire risk to you, your loved ones and property. Having just experienced the driest Autumn in five years, Perth and the South West have been warned to brace for increased bushfire risk this […]
Trade Credit Insurance: Is it time to insure your Debtors’ ledger?
by bonfireA big part of success in business relies on finding new processes for growth and often, we engage new suppliers. Unfortunately without an existing relationship we can’t trust that we’ll receive timely payments, yet in business-to-business provision, credit terms are the acceptable form of remittance. With each credit granted, we can increase the strain on cash flow and expose ourselves to the […]
The Importance of Full Disclosure
by bonfireDid you know that taking out an insurance policy means entering into a legal contract? It’s important to remember both the insurer and insured are lawfully bound to its terms. In Australia, our policies are governed by the Insurance Contracts Act 1984 that sets out the obligations of all parties, but particularly important to the insured is your Duty of […]
Cyber Exposure: An Emerging Risk
by bonfireCyber Protection Insurance is an emerging form of cover that aims to protect businesses from the financial impact of a computer network hack or data breach. Recent statistics show that Australia is the 5th most targeted country for cyber attacks globally and that a vast majority of these attacks occur from security vulnerabilities due […]