As spring arrives, Australians are eager to embark on their travel adventures, both domestically and abroad; for business, leisure or both – often known as ‘bleisure’. According to the Australian Bureau of Statistics, Aussies made 12% more trips in May 2024, compared to the same time last year. While figures haven’t returned to pre-pandemic levels, […]
SMEs are leaving themselves wide open to cybercrime
Multi-factor authentication is just one of eight things small and medium size businesses should be doing to protect themselves against cybercrime. Malware, ransomware, data breaches, payment redirection scams, phishing – Australian businesses are increasingly under fire from bad actors in the cyberspace. The average loss to Australian businesses from cybercrime is $45,965 for small businesses […]
Electric Vehicles & Insurance: A Guide for Aussie SMEs
Electric vehicles (EVs) are revolutionising the automotive industry with their eco-friendly design and efficient performance. And governments across Australia are offering incentives for businesses and consumers to invest in EVs. If you’re tempted to buy an EV for your SME, read on. We’ll explain the pros, cons and risk management considerations. Benefits of EVs for […]
Is Your SME Thinking About Using AI? Know the Risks
Just a quarter of Australian small-to-medium-sized (SME) businesses now use artificial intelligence (AI), according to a brokerage survey. However, fast forward to 2026 and six in 10 SMEs expect to be doing so. From streamlining operations to boosting customer service, AI offers a tonne of potential and risks. And, while SME owners might be thinking […]
Strategies to Manage Project Risks for IT Pros
When you’re in the thick of an IT project, the last thing you want is for things to go pear-shaped because you didn’t foresee the risks. Effective risk management is the backbone of any successful project, helping you stay on track and keeping your clients happy. Let’s dive into how you can balance managing risks […]
IT meltdown shows why risk management is essential
Many companies are reluctant to think about and prepare for “black swan” events, writes Michael J. Davern – but a global event shows why they must. In the wake of the widespread chaos we saw on Friday, one old adage perhaps feels even truer now than when it was first coined in the 1960s: To […]
Protect Your Business From Fake Insurance & The Scammers
Running a small business is tough enough without worrying about getting scammed. However, criminals are increasingly targeting small business owners, including when it comes to insurance. They may act online, in person or via the phone. This article will detail different types of insurance scams targeting businesses like yours and how to protect yourself. Why […]
Product Liability Cover: Why Your Business Needs It
Myths abound among small-to-medium-sized businesses about the need for product liability insurance and its coverage. But it’s not just for mistakes or products that break or malfunction. An insurance industry report has found almost half of business owners surveyed said law changes about product changes were complex. That’s just one part of the product liability […]
Is Corporate Travel worth it for your SME?
Business travel is expected to remain strong in 2024, with research indicating a boost from sectors like manufacturing, healthcare, mining, oil and gas, professional services and construction. According to professional services firm, McKinsey, corporate travel is on track to reach 80% of pre-pandemic levels this year. So, if your company has employees travelling for work, […]
5 Insurance Claims Aussie SMEs are Most Likely to Make
Here are the top five insurance claims Australian SMEs make, according to insurers. This article will also offer tips to improve your risk management, so you’re less likely to need to claim for any of these events. 1 Claim: Theft Theft and burglary are the top claims. Consider these moves to reduce the likelihood of […]
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