Although the baby boomers are increasingly heading towards retirement, a recent survey revealed that less than 20% of the owners of Small and Medium-sized Enterprises (SMEs) have any formal strategy in place to address their exit from the business. What’s particularly surprising about this, is that … [Read more...] about Exit stage left
With the upcoming festive season fast approaching it’s a timely reminder whilst there’s much to celebrate, consideration should be also given to your personal and business security and risk management arrangements. As many of us head off, both locally and overseas, for our Christmas holiday break … [Read more...] about Make it a Christmas break – not a break in
It wouldn’t be in the spirit of Christmas to sue anyone would it? The silly season hopefully refers to our hangovers and bad karaoke rather than the potential of a liability claim with household Christmas displays. You know the ones, the houses that are lit up like a Christmas tree, and the rest of … [Read more...] about All I Want for Christmas is a liability policy
On 8 September, 2016 the Workers' Compensation and Rehabilitation (National Injury Insurance Scheme) Amendment Bill received Royal Assent. While the Bill enacted a number of changes to the WorkCover regime, the focus of this article relates to the changes that potentially affect third parties that … [Read more...] about Recent changes to the Workers’ Compensation regime
During September 2016, two severe storm fronts swept across South Australia in what could be described as one of the most extreme weather systems to hit the state in 50 years. While the entire state was without power for several hours, many businesses were without power for several days, resulting … [Read more...] about When the power goes out – is my business covered?
How is it funded? As a result of the Lindt café hostage siege in Sydney that ended in tragic circumstances, the Federal Government has now determined the actions of the gunman was a terrorist act. This declaration was a key point for the insurance industry as the Terrorism Insurance Scheme that … [Read more...] about The cost of Terrorism
A must-have for many businesses Many business owners are unaware their standard business package insurance will not cover pollution remediation. It’s likely that contractors and other professionals working on major infrastructure and construction projects will have appropriate cover, but the cover … [Read more...] about Pollution Liability Insurance
AN EXPENSIVE OVERSIGHT A small chocolatier based outside of Adelaide, Chocolate @ No. 5, has been forced to redesign its logo after multinational fashion giant Chanel claimed a trademark infringement of its perfume, Chanel No. 5. Chanel disputed the use of 'No. 5' in the chocolatier's logo when … [Read more...] about Trademark Infringed