Changes have been made to the Fair Work Act 2009 which may impact how you employ and manage casual Employees and you have until 27 September 2021 to put new processes in place. The key changes have been summarised into the following areas: Changes to the definition of ‘Casual Employee’ … [Read more...] about The Future of Casual Employment
Given the steep rise in Employee fraud and embezzlement, the importance of Internal Business Auditing has never been more vital. Whilst there are Insurance Policies, such as Management Liability and Crime that provide Indemnity for some of the exposures the reputational damage, together with the … [Read more...] about Internal Auditing
You lodge a claim with your Insurer, you receive your payment, that is the end of it right? Sometimes yes. However occasionally, that is just the beginning. That is because your policy of insurance most likely gives your Insurer a right of Subrogation. So, what exactly is Subrogation and what … [Read more...] about What Does Subrogation Mean for You?
In September 2020, Deloitte Access Economics released a report outlining the value provided by insurance Brokers. The report highlighted that those Brokers supporting Clients throughout the claims process can lead to better outcomes for Clients. This conclusion was expected for insurance … [Read more...] about The Role of Your Broker During the Claims Process
Social media is everywhere. It’s unavoidable, it’s powerful, and it’s here to stay. That being said, social media does come with a set of risks. According to the latest EY Global Information Security Survey, 59% of organisations had a “material or significant incident” in the past 12 months. In … [Read more...] about Social media risks for your business
Being able to protect your business against all eventualities is crucial for success. One threat that is more likely than others is storm season. Last year alone, storm damage and natural disasters cost Australian businesses more than $18.7 billion - a figure that is set to double over the next … [Read more...] about Getting Your Business Ready for La Nina
Due to the Coronavirus restrictions, many businesses are having to temporarily close to limit the physical exposure to the virus. This is changing the way businesses are able to operate or normally function. Some businesses have been instructed to close their doors, some have been directly or … [Read more...] about Why are Unoccupied Risk so unattractive to Insurers?
In today’s current Economic Climate many businesses are electing to increase their growth by way of acquisition. Whilst this strategy remains sound, there are many considerations that need to be undertaken prior to purchasing an existing business, particularly if that business is in the same … [Read more...] about Growth by Acquisition