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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 […]

What safety measures should Australian women take when trave...

A newly released survey by Opinium, commissioned by World Travel Protection, has delved into the safety practices adopted by Australian women when travelling for business purposes. The research, focusing on 500 Australian business travellers, indicates that a significant 88% of female travellers proactively adopt measures to ensure their security during solo travel. Safety measures women […]

Revealed – travel insurance costs surging in Australia (Fina

Financial comparison site Mozo’s latest Travel Insurance Report for 2024 has brought attention to a significant surge in travel insurance costs for Australians. The financial comparison site revealed a noteworthy 24% average increase in travel insurance expenses across essential, comprehensive, cruise, and ski policies over the past 12 months. The research outlined specific areas where […]

What’s Your Business Duty When Selling Faulty Goods?

Each year, almost 800 Australians die due to using items that were unsafe due to their production or the way they were sold. The ACCC’s analysis shows fatalities due to faulty products were predominantly a result of: Those fatalities and people hospitalised due to defective products cost the Australian economy about $5 billion annually, according to figures […]

Using Foreign Manufacturers? Here’s How To Reduce Your Risks

Australia’s skills shortage and high manufacturing costs mean importing products and parts from overseas can make good business sense.  This article is your risk management update on sourcing from foreign manufacturers.  Risks of imported products/components Using overseas manufacturers to source parts and products raises these issues: If there’s any issue with the overseas-made product, you […]

Your Guide to Benefits & Risks of Becoming a Franchisee

Franchising can be a great way to start a business with a ready-made model and resources for a fee. Research shows that four out of 10 franchisees used to work for the franchisor, making it a natural transition.  Franchising is a mature sector in Australia, so franchisors are becoming creative in finding ways to expand. Even part-time […]

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