The Office of Australian Information Commissioner (OAIC) has released their report for data breaches covering the first quarter of 2018. This report was of great interest as the results are the first released since the Mandatory Data Breach Scheme came into effect on 22nd February 2018. There were 63 breaches... read more →

Australia's Data Breach Notification laws come into effect on 22 February 2018. This new law will require businesses to report all instances of personal data breaches. The changes of legislation will affect businesses with a turnover of more than $3,000,000, as well as other businesses that operate by holding personal... read more →

What are the NSW Insurance Stamp Duty Changes Announced in 2017 and implemented 1 January 2018, the NSW Government has removed stamp duty on the following insurance policies for small businesses: Commercial Motor Vehicle Insurance - A motor vehicle used primarily for business purposes Commercial Aviation Insurance - Aircraft, including... read more →

What Is Trade Credit Insurance? Many businesses operate by offering their goods and services on credit terms. This can result in a significant portion of their working capital being held as accounts receivable, therefore potentially jeopardising the cash flow and profits of the business. Trade credit insurance protects your business against losses due... read more →

In the past month, it has been widely publicised the damage that the ransom-ware WannaCry has caused to businesses both large and small throughout the world. Australia was lucky with the timing of this ransomware – it was released on a Friday night Australian time, meaning that by the time... read more →

Daniel Webber has completed a hat-trick, officially being named as a 2017 Elite Broker. The Insurance Business 2017 Elite Broker rankings have been announced, with our very own Daniel Webber continuing his rise up the ladder to be named among the top 10 brokers in Australia. Not only has Daniel maintained his... read more →

In February 2017, a Data Breach Notification law passed in the Australian Senate. This law will require businesses and government agencies to notify to the Privacy Commissioner and their Customers when they suffer a data breach.  This means that Australian organisations can no longer keep quiet about Cyber Security breaches. With... read more →

The world is changing at a rapid pace and businesses are struggling to keep up. According to a recent Allianz survey of businesses, Cyber Loss ranks as the third biggest risk facing all businesses. In the past 6 months alone, our clients have had multiple instances where they have fallen... read more →

When you receive THAT phone call, email or letter, your heart sinks.  As a professional, there is nothing worse than the reality or perceived reality that you’ve made a mistake. What happens next for a Professional Indemnity claim? Do you jump on a device and write a letter responding to the... read more →

If you are a building practitioner, you will need to know about the changes that could affect your insurance due to the abolition of the Building Practitioners Board. On 1st September 2016, the Building Practitioners Board was abolished. All of its functions and powers have now been transferred to the... read more →

When business owners think about online dangers and their security, they usually to think at either end of the spectrum. They either think online security is easily dealt with by anti-virus software or they think it’s all about hacking - and they will never be hacked! The reality is it’s... read more →

Asbestos has been in news a lot in recent decades. From its vast popularity as a building material in the 1950s, to the growth in awareness of the potential dangers it held, it’s now a material that is rarely used in Australian construction. But what happens when you import products from... read more →

It’s official! He’s done it again! The Insurance Business 2016 Elite Broker rankings have been announced, with our very own Daniel Webber named among the top 30 brokers in Australia once more. Placing at number 29 in the 2015 rankings, Daniel has moved up the list placing number 22 for 2016. This... read more →

Small business in Australia make up most of the business economy and the internet provides many opportunities for such businesses. It however also presents many threats. Most small businesses are already connected to the internet in some form whether it be through their website, taking payments, receiving orders or through... read more →

Do you have Management Liability Cover? When it comes to Management Liability cover, it is important to understand that these policies will typically contain a “Confidentiality Clause”. So what does this mean to you, the insured? And why is it included in policy wordings? According to Steadfast, the intention of... read more →

Trusting your instincts sounds simple enough. As a business owner, you are faced with a multitude of decisions on a daily basis. Some of those are relatively simple and require little thought while others are much more complex – especially when the stakes are higher. As is the case with... read more →

I read this blog post and thought it was something that was really relevant in the insurance space for people and businesses of all sizes regarding information security. This article was originally published at iTnews. Click through to read the original article. Yes, we are vulnerable. Is Australia too complacent... read more →

In March last year, the federal Privacy Act 1988 was released with several amendments which enforced much tighter compliance surrounding the collection and use of your clients’ personal information. Since then, many small businesses have taken the time to review their internal privacy policies to ensure they are compliant however,... read more →