It’s been a good year for small business. Over the past 12 months, most have increased their revenue and customer base. At any other time, this would mean small businesses have a very positive outlook, yet many small-business owners say they’re delaying critical business decisions due to uncertainty ahead of the Federal Election. Given the […]
Is credential stuffing the next big cyber threat?
Brokers and businessowners are being warned about the rise of credential stuffing – an illicit online activity which could be the next big cyber threat to hit Australia. First coined in 2011, credential stuffing is the term used when hackers take a username and password, then run it through different sites to see if they […]
Allianz reveals “eye-watering cost” of cyberattacks
With cyberattacks getting increasingly sophisticated, it has become one of the most significant risks for businesses, resulting in “eye-watering losses” of as much as US$600 billion ($840 billion) a year worldwide, according to global insurer Allianz. Sinead Browne, chief regions and markets officer at Allianz Global corporate and specialty, said much of this loss was […]
Notre-Dame: iconic cathedral had no insurance
The French Government will be footing the bill for rebuilding Notre-Dame de Paris as the cathedral is state-owned and has no private insurance cover against fire and other catastrophes. But Axa, the country’s biggest insurer, is possibly facing huge claims as it provided insurance for some historical items that were housed in the Paris cathedral. […]
PERILS reveals initial property market loss for Queensland f...
An independent Zurich-based organisation has revealed its initial estimate of the insured property market loss for the catastrophic floods that inundated northern Queensland, and in particular the city of Townsville, between January 26 and February 10. PERILS estimated the initial property loss for the Townsville flood event to be at $957 million. The figure, which is […]
More Australians Don’t Think Private Health Insurance Is Ess
New research has revealed an adverse trend in the attitudes of Australian fund members towards private health insurance over the last four years, with the biggest change being how they feel about the importance of life cover. Roy Morgan’s Single Source Survey (Australia) showed that the majority of fund members still agree that “above all else, private […]
Client Loyalty “EXTREMELY MISUNDERSTOOD”.
Brokers who believe they will retain their clients simply by keeping in touch could be in for an unpleasant surprise when it comes to renewal time, warns one customer experience specialist. “Customer loyalty is an extremely misunderstood principle,” says Darrell Hardidge, who has spent 20 years helping firms of all sizes overhaul customer service. “With […]
Are Some Brokers Too Impersonal?
The team at Austbrokers Terrace takes pride in offering a tailored, personal approach to insurance broking. Contact us now to discuss any insurance needs. An accomplished industry lawyer who recently moved into a senior risk advisory role has shared his concerns about a significant threat facing brokers today. Mark Williams, who joined Acacia Insurance Services […]
INSURANCE AND GST : SOME BENEFITS FOR YOUR SMALL BUSINESS
Good news! When you own your own small business and you have some types of insurance in place for assets in that small business, you may be able to claim some GST credits. Let’s investigate. So, what’s the deal?Basically, if you own a small business and you are registered for GST, you may not have […]
5 TIPS TO SPOT A FAKE WEBSITE
As technology improves and our reliance on it increases, so too does the ability of scammers to con us out of paying for items that will never arrive. Fake websites that take your money while harvesting your credit card and bank details are everywhere these days and are cleverly designed to look genuine and convincing, […]
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