Your home might be your castle, but the boundary fence is your front line. What does it mean for your insurance if your fence is damaged or destroyed? This article prepares you mentally for the process should you need to claim. Are fences covered by home insurance? Typically, home insurance covers fence damage or destruction […]
Lest We Forget
On this day, we honour and remember the brave men and women who have served and continue to serve countries around the world.
Using Generative AI in your Business? Risks & Opportunities
It’s less than a year since OpenAI released its (general) artificial intelligence (AI) app, ChatGPT. Since then, it and its alternatives, have transformed how we do business. Such tech is known as generative AI, a form of machine learning. Trained on a vast database of natural language, it can create content, such as text, code, audio, images, […]
Why a Risk Multiplier Mindset is Good for Your Business
Did you only focus on individual risk factors when you last undertook a risk management matrix for your SME? That’s OK, but the 2023 BDO Global Risk Landscape Report suggests widening your vista to the links between risks. BDO is one of the world’s largest auditing and accounting organisations and operates across Australia. This article explains why you should […]
If you Home Share, Check your Personal Property Cover
As of September last year, there were 251,000 short-term rentals registered across Australia, down from 400,000 pre-pandemic. However, not all short-term stays are registered. If you rent out your main residence, this article is for you. We’re sharing a swag of tips to help you manage your risks. Understanding property insurance To help protect your home from […]
Toolbox Talk: Time to Protect Tradies and Your Business
Did you hear about the Tradies’ National Health Month in August? It highlighted plenty of strategies and tips on this important topic to use year-round to protect the tradies in your midst and your business. Top risks tradies face St John Ambulance has a handy definition for tradies, saying they include technicians, trade workers, labourers, machinery operators, and […]
How do you Manage these Top 4 Hospitality Business Risks?
The past three years have been a whirlwind for hospitality businesses. While the pandemic seems to be on the wane, your business should still do everything reasonably practicable to reduce the risks of COVID-19’s spread, like keeping up to date on employers’ responsibilities via this Safe Work Australia website. Other, more inherent risks remain, though. […]
“Ignore, delete and block”: Australians urged to be on alert
Australian regulators and agencies have warned Australian taxpayers to be extra vigilant during tax time this year and to be on alert for dodgy end-of-financial-year (EOFY) scams, with scammers likely to take advantage of Australians who are submitting tax returns or waiting for the outcome of an assessment. The Australian Communications and Media Authority (ACMA) […]
Australian drivers take risks to avoid wildlife collisions
Around half of Australians have collided with wildlife while driving, and 61% would resort to risky tactics to avoid hitting an animal, according to Suncorp Group (Suncorp) insurer AAMI’s latest research. The report analysed more than 17,000 AAMI animal collision claims across Australia between January 1 and December 31, 2022. It found that one in […]
Property risks warning: Don’t forget bushfires!
Australia could be going from “constant flooding to the real risk of bushfires,” says risk engineerProperty risks warning: Don’t forget bushfires! After last year’s incredible run of serious flooding, bushfire risk management plans may not be front and centre right now for insurance brokers and their customers’ properties. However, FM Global Australia’s Mike Hunneyball (pictured […]
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From cyberattacks in outer space, to solving geopolitical risk, the presenter addressed it all. If ...
Happy New Year
The team at Austbrokers Terrace look forward to welcoming you again in 2025. Wishing you ...
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