Is Your Business Across Its Employment Practices Liability?
Employment practices’ liabilities can be expensive, disruptive, and time-hungry to businesses. Claims are also rising.
Cash flow is the lifeblood of business. So if a disaster like a fire, burst waterpipe, or legal proceedings against you halts your operations, your business could fail.
Insurance is there to help you cover your costs if things go wrong. But if you’re underinsured, you may not be able to cover the running costs of your business while you’re getting back on your feet.
When it comes to securing cashflow, many businesses make these two common mistakes, leaving them underinsured – and vulnerable.
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Photo by Kelly Sikkema on Unsplash
Employment practices’ liabilities can be expensive, disruptive, and time-hungry to businesses. Claims are also rising.
When you go into business for yourself, insurance probably isn’t the first thing on your mind. But protecting your assets with effective risk management, and the right insurance cover, is more important than you may think.
In this article, we’ll explore construction works, product and public liability, business vehicles, material damage, and workers’ compensation.
If some of the more popular buzzwords of the past two years were “flexible work” and “hybrid business”, 2022’s might be more along the lines of consistency and continuity.
Who would have thought finding a decomposing snail in a ginger beer bottle would open up a new principle – duty of care – which is the basis for product liability?
Goods lost or damaged in marine transit is something no business wants to experience. So, whether you’re looking to protect your risks with your goods moving within Australia, or cover exports or imports, marine transit (also called cargo) insurance could make sense.
Australia has about 60,000 registered not-for-profit organisations, according to the Australian Charities and Not-for-Profits Commission (ACNC).
Australians think of medical providers as their front-line defence for health issues, but who’s helping those healthcare practices to stay ‘healthy’?
No matter how much experience or how stellar the reputation of your professional services firm, you may still face an insurance claim.
An estimated eight in 10 Australian homeowners are underinsured, according to insurance websites that cite the Insurance Council of Australia (ICA) or the Australian Securities and Investments Commission (ASIC).
For business owners, Mother Nature’s risks can feel like a looming threat always on your horizon. Natural events are a matter of ‘when’, not ‘if’. Most can be expected and planned for.