With mandatory reporting legislation (Notifiable Data Breaches Scheme) not far away many businesses should be thinking about how to handle it. The right Cyber Insurance policy is now going to be even more important to Australian Businesses. In our recent Blog Notifiable Data Breaches Scheme we looked at what the new legislation means and who might […]
Notifiable Data Breaches Scheme The new Notifiable Data Breaches Scheme (NDB) was established after an amendment to the Privacy Act in 2017 . The legislation aims to improve on the protection of personal information, specifically with regards to electronic data. Unfortunately it is likely to add an additional burden on businesses that handle personal data. […]
Cyber Security Risks: Meltdown & Spectre The recent news that a huge number of chips currently installed in a range of PC’s, laptops and other devices is of concern to many businesses. It represents an unprecedented Cyber Security threat. The two main vulnerabilities, codenamed Meltdown and Spectre are weaknesses that could be exploited by criminals […]
What Business Insurance do I need? As an Insurance Broker, clients often ask us ” what Business Insurance do I need?” The answer is not completely straightforward because each business is as unique as the person or team that run it. Some people are more adept at running a businesses than others, some businesses are […]
If you’re planning a business trip, the last thing you want to think about is what could happen if you got injured or sick while overseas. But travel insurance is not just an optional extra. Organising travel insurance is an essential part of preparing for your overseas trip. If you are uninsured, you or your […]
Globally, Cyber crime and data breaches cost the economy around $120 billion annually, and are considered one of the top emerging risks for the 21st century, yet still remains one of the least insured policy areas. As the frequency and prevalence of these crimes increase, businesses need to start reviewing now how they protect themselves, […]
For many of us, motor insurance is a significant financial burden. No one enjoys paying for car insurance, but just as few people have bothered to research ways that they might try to reduce the cost. Understanding the factors that your insurer take into account when deciding upon your insurance premium will go a long […]
Corporate travel during the winter months can be more complex than ever. The uptick in travel means business travellers will share the roads and the airports with novice travellers, resulting in greater travel congestion. Lower your risk and increase your efficiency with these simple travel tips. Renting a car? Lines will be longer during heavy […]
The storm season is here with its destructive, strong winds and torrential rainy days and nights. The storm season presents risky situations for home and property owners throughout the state, as they may lead to severe damage to property. Buildings that are old or already have roofing problems, gutter blockades, and drainage issues are particularly […]
A recent study revealed some scary news for the insurance industry: a shortage of skilled insurance brokers has left many insurance companies with a deficient number of employees. Not only is it getting more difficult to fill these roles, but the retention rate after 4 years of work with an insurance company is only 15%. […]
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