Bushfire Series Part 3: Rising from the ashes – your business recovery manual.
by Ashlee SnyderIt is well & truly bushfire season in WA with several significant fire fronts already causing financial losses and emotional turmoil. As the bushfires fade leaving behind a profound impact on landscapes, communities, and businesses alike, the journey to recovery is challenging and demands a compassionate and strategic approach. It may take time to start […]
The Crucial Role of Marine Transit Insurance in Supply Chain Management.
by Ashlee SnyderIn the world of global trade, an efficient and secure supply chain is essential for businesses to thrive. With marine transit serving as the primary means of international trade, the need for a solid risk management strategy is paramount. Hence, Marine Transit Insurance became a key player in supply chains management, providing financial protection, ensuring […]
Bushfire Series Part 2: Containing the Blaze – The Risk of underinsurance.
by Ashlee SnyderEveryone is aware of the harsh reality of bushfires, and how it can pose a significant threat to homes, businesses, and livelihoods. While obtaining insurance may seem like a safety net, the danger lies in underestimating the true value of your property and belongings. Let’s dive into the specifics of it. Underinsurance occurs when the […]
Bushfire Series Part 1: Business Interruption Insurance can protect your business this bushfire season
by Ashlee SnyderWith summer hot on our heels, now is the time to start preparing for the risks that come with bushfire season. Our 3-part Bushfire Series uncovers tips and strategies for preparing your business during this unpredictable season. In the first part of our series, we explore the benefits of Business Interruption Insurance, and how it […]
How to protect your business from bad debts in 2023
by Ashlee SnyderIn recent months, some trade credit insurers are recording an increase in the number of claims received as a result of bad customers debts. According to Trade Credit Insurance Broker NCI, the current economic slowdown brought about largely from persistent interest rate hikes and the surge in inflation is having a major effect on business […]
Six steps to respond to a cyber attack
by Ashlee SnyderWith cybercrime on the rise globally, most businesses have recognised that it is simply becoming a matter of when, not if, they will fall victim to an attack. Therefore, it is so important to have a clear response plan in place so you know exactly what to do if there is an attack or a […]
Tips for a successful insurance claim
by Ashlee SnyderWhen the inevitable time comes that you need to make a claim against your insurance, it can feel a little stressful and daunting to know what you need to provide in order for your claim to be processed successfully. If you have purchased insurance directly from an insurance provider you will need to manage this […]
How to prevent a cyber attack
by Ashlee SnyderIn recent years we have seen an increase in the number and sophistication of cyber threats and attacks in Australia. Over the 2021-22 financial year the Australian Cyber Security Centre (ACSC) received over 76,000 cybercrime reports, a 13% increase from the previous financial year. The ACSC also reported that medium-sized businesses with between 20 and […]
Top 10 areas of risk for businesses in 2023
by Ashlee SnyderBusiness risks come in all shapes and sizes. Some can be internal risks such as employee performance, procedural failure or faulty equipment. Others can be external risks such as economic factors, cyber-attacks, natural disasters or bad debts. Knowing how to identify and manage risks can help reduce the impact of any unexpected events that your […]
What does business insurance actually cover?
by Ashlee SnyderA business can takes years or even decades to grow, but a major disaster or accident could severely damage or destroy it. Therefore, it’s important for businesses to protect themselves with a quality business insurance pack. With the right insurance cover in place, owners can run their business with confidence, knowing that their premises, products […]