Many companies are reluctant to think about and prepare for “black swan” events, writes Michael J. Davern – but a global event shows why they must. In the wake of the widespread chaos we saw on Friday, one old adage perhaps feels even truer now than when it was first coined in the 1960s: To […]
Product Liability Cover: Why Your Business Needs It
Myths abound among small-to-medium-sized businesses about the need for product liability insurance and its coverage. But it’s not just for mistakes or products that break or malfunction. An insurance industry report has found almost half of business owners surveyed said law changes about product changes were complex. That’s just one part of the product liability […]
We remember – yesterday, today and tomorrow
At the going down of the sun and in the morning We will remember them. For the Fallen, Laurence Binyon 1914
Management Liability for Not-for-Profit Organisations
Australia has about 60,000 registered not-for-profit organisations, according to the Australian Charities and Not-for-Profits Commission (ACNC). There’s a huge diversity of types and areas covered including education, social welfare, health, religion, culture, human rights, animal welfare, and the environment. Not-for-profits (NFPs) range in size from volunteer-run groups with no revenue or funding to the Returned […]
Tips To Cut Your Insurance Premiums & Stay Safe on the Road
In the fast-paced world of commercial transportation, ensuring that your insurance premium and policy are as hardworking as your road operations is crucial. Check out these tips to help get the most value, while still transporting goods safely. Factors impacting commercial truck insurance First, let’s understand what drives the premium. Insurers consider: Add to those […]
3 Applications of AI That Could Change Your Ag Business
As an emerging technology, artificial intelligence (AI) offers a lot of potential – as well as risks – for Australia’s agricultural sector. This article details three ways to harness AI that could transform your farming operations. How demands on farmers are changing According to the United Nations (UN), the global population will reach 9.8 billion […]
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 […]
The New Reality for Australia’s Transport & Logistics
While supply chains have always been prone to disruption, they have become even less predictable in the wake of the pandemic. These findings are according to a global Shopify report. Sanctions, aftershocks, and political instability continue. Fuelling the ongoing volatility includes shortages of: This has led to weak links in how businesses source, produce, transport, and […]
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 […]
“Ignore, delete and block”: Australians urged to be on alert
Australian regulators and agencies have warned Australian taxpayers to be extra vigilant during tax time this year and to be on alert for dodgy end-of-financial-year (EOFY) scams, with scammers likely to take advantage of Australians who are submitting tax returns or waiting for the outcome of an assessment. The Australian Communications and Media Authority (ACMA) […]
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