INSURANCE NEWS

Explainer: How Cyber Insurance Helps Your Business

Every 10 minutes on average, another Australian small business reports a cyber crime, according to the Australian Cyber Security Centre. And more than four in 10 cyber crimes committed in Australia target small businesses, says Business Australia. Scams and victim numbers are increasing. The government’s Scamwatch website reports $211M lost through scams from 1 January to 19 September last year [2021]. […]

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What You Can Do to Stop Your Premium Increasing

The gross written premium for general insurance jumped 8.7% in the 2020-21 financial year. This includes commercial policies. With such a hardening market for premiums, how can you minimise the anticipated premium rise this financial year? Why your insurance premiums increase Insurers calculate premiums by reviewing the risk factors of your business as well as those […]

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Common misconceptions about car insurance

This statistic will make you stop in your tracks – almost two thirds of Australians aged 18 and above with a driver’s licence have had at least one car accident, according to an insurance industry survey. Time and time again, it’s due to speeding! There were 1,004 car crashes in Australia last year, says White Box […]

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Roadmap for Australia’s infrastructure future

A bold 15-year roadmap for Australia’s infrastructure is betting on a ‘digital-first’ approach to accelerate our country’s post-pandemic economic recovery. Released in early September, the 2021 Australian Infrastructure Plan is urging governments to lead the digital transition to unlock significant productivity gains and efficiencies in infrastructure planning, delivery and operations. If governments, as public infrastructure’s regulators, funders, owners […]

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What do you risk by going for lower level insurance?

It’s easy to assume all coverage is equal when it comes to finding your best-fit insurance. But opting for a low level of cover may end up costing you more in the long run. It’s also important to consider: Is the insurance cover aligned to the unique risks of your business? How quickly will you […]

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