If one thing’s for sure, the Australian agriculture industry is one tough cookie, having developed great resilience from the extended drought, devastating bushfires and the current COVID-19 global pandemic. Being a farmer is unpredictable at the best of times and being an Aussie farmer can be even more complicated. In the immortal words of Forest Gump - “(Farmer) life is like a box of chocolates. You never know what you’re gonna get” - or something along those lines. We take a look at the current situation for farmers, the impacts of the pandemic, the sources of help available to farmers and how you can manage your risk to protect your farm.
Given the current climate, we want to make sure you prevent a breach of your current insurance cover, whether it be domestic or commercial. The global pandemic has led to business closures and travel restrictions, which has left many building unoccupied for the foreseeable.
If your current insurance policy has unoccupied or security conditions, you may be required to take weekly visits to the property, switching off gas or electricity and ensuring that your letterboxes are sealed. Many insurers are relaxing their unoccupancy clauses and policy requirements due to COVID-19, but you’ll need to double check to prevent any trouble.
Australian businesses have been urged to recognise the significant level of ransomware threat from cyber adversaries. Scamwatch has received over 3900 scam reports mentioning the coronavirus with over $3.1 million in reported losses since the outbreak of COVID-19. Ransomware acts as a method of extortion, locking a computer’s content and displaying a message requiring victims to pay a ransom in order for them to regain access. The emails delivering ransomware to Australian victims often mirror the branding of trusted and reputable corporations as part of their techniques.
Running a business can be an exciting prospect, especially if you’re providing provide useful goods and services to your community, creating employment, and serving as a podium for your personal creativity. However, it’s no secret that business can be risky. That’s why successful businesses use a diversity of business insurance covers to manage and reduce their risks.
Whether you’re a permanent houseboat resident or not, we understand the uniqueness and importance of your floating pride and joy. Our experts in houseboat insurance also know how difficult it can be to source relevant information surrounding houseboat insurance, and we’re pleased to be able to offer answers to some of your important questions.
There's a lot of news coverage, information and misinformation out there on COVID-19/Coronavirus and the effects of the global pandemic, including about insurance and risk management. We have a number of good industry resources that have put out updated, factual articles on insurance and business continuity measures that we found useful and worth sharing. So from our business to yours, please find below a summary of what we know, how we are responding as a business and an industry to the impacts of the coronavirus and also some programs available that might be beneficial.
Farms in Australia are exposed to a variety of risks and a risky climate is forecast for the future but there several solutions to protect your farm and mitigate climate change risk.
Living in Australia, we're all too familiar with the term bushfire, but working out how to protect ourselves isn't an easy task, and with climate change being such a hot topic right now, what are the risks and how can we keep ourselves, our animals, and our property safe?
Some of the scariest cyber attack headlines have been around large, well known companies, but the majority of attacks have actually been targeting small to medium size businesses.
Just ten years ago, less than one percent of small or medium sized businesses had any type of management liability insurance or directors' and officers' insurance (these are considered financial lines insurance). Now, and with more and more companies facing litigation in connection with management risks and exposures, management liability insurance is now considered a ‘must have’ for Australian businesses.