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 […]
New – but worth thinking about
4 strategic ways HR can use AI at work AI has captured attention for its generative language and imagery, but its greatest benefit to HR may be more far-reaching. Learning how to leverage AI in unique ways can further position HR as organisational enablers.By now, many of us will have experimented with nascent AI technologies. […]
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 […]
Happy New Year
Wishing you and your families a happy, safe and prosperous New Year. The team at Austbrokers Terrace look forward to welcoming you again in 2024.
Season’s Greetings
Very best wishes from the team at Austbrokers Terrace to you and your families for the festive season.
Selling Yourself Short? Why You Should Avoid Underinsurance
Is your small business among the one in four that say they’ll go under if faced with a liability claim? That’s the alarming statistic from one insurer’s survey. More respondents said they would: At the crux is understanding the cost of and whether you would be able to fund the costs of legal action due to […]
Know the Liabilities in Offering Professional Services
Professional liability insurance – also known as professional indemnity cover – may not be compulsory for your sector. But it could be an investment in risk management worth considering. This cover offers protection against legal costs for businesses that give advice or services for a fee. Typically, accountants, architects, IT specialists, marketing consultants, lawyers, bankers, […]
Latest Articles
Covering Your Bases When Hiring from Overseas
If you’re running a farm in Australia, you understand the reality of the seasonal labour ...
Is Your Micro-SME Protected Against Financial Shocks?
Micro and small-to-medium enterprises (SMEs) drive the Australian economy, comprising over 98% of all businesses ...
Today, we look to the future …..
But remember the past. We remember and honour the brave men and women who have ...
Chronic Disease and How It Can Impact Your Business
About half of Australians have one or more chronic diseases or conditions, says the Australian ...
2025 Focus: Protecting Your SME From Climate-Driven Threats
Australia’s climate is changing rapidly, and businesses can no longer overlook the impacts. From harsher ...
Wellbeing Wins: What Worked for Australian SMEs in 2024
Fewer than half of Australian workers said their employers would put worker wellbeing above short-term ...
Cyber Safety, Simplified: The Essential Eight Principles
Cyber threats pose a constant and increasing concern for businesses of all sizes, including SMEs. ...
Balancing Maintenance and Innovation: A Must for SMEs
According to the Reserve Bank of Australia, SMEs spend 25% more on research and development ...
Flood Risks are Rising. Is Your Home Insured Against Damage?
Flooding is a major and worsening risk for many Australian property owners. Recent findings from ...
Fire risk alert: Why you need to dispose of batteries the right way
A huge rise in battery fires is putting local garbos and the environment at risk ...
DISCLAIMER
This web site is designed primarily for use by Australian residents. Therefore, some products referred to in this site may be inappropriate for overseas residents. Please contact us via e-mail or phone to discuss your needs should you not be an Australian resident.
The information on this site is for general information purposes only and you should first seek advice from us to determine which products and services are most appropriate for your needs. We take our responsibilities to you seriously, and will work closely with you to customise your program to suit your needs.