Entries by Andrew Silcox

How to Protect Your Business From Unfair Contracts

There are laws in place in Australia to protect small businesses from unfair contract terms. The result of these laws are that small businesses are better protected, and there are now genuine consequences for any business that seeks to use unfair terms to gain the upper hand. The Australian Competition and Consumer Commission (ACCC) has […]

Does Your Small Business Need Public Liability Insurance?

There are several types of insurance on the market that can help protect your business, one of the most essential is Public Liability Insurance. Public Liability Insurance protects your business financially from any claims that arise in relation to damage or injuries sustained by third parties and/ or their property during the course of your […]

Would Your Business Survive the Loss of a Key Person?

Would your business survive if a ‘key person’ such as an owner, founder, or essential employee passed away? This is a very difficult, but extremely important question to ask. Businesses are faced with a range of challenges when they lose an integral member of the team who they depend on.  Losing a key person can […]

Insurance Fraud Costs Australians $2.2Billion Annually

According to the Insurance Fraud Bureau Australia 2018, insurance fraud is estimated to cost the economy up to $2.2 billion every year.  Fraudulent insurance claims ultimately cost everybody who takes out insurance, directly impacting premiums for honest policyholders. While some instances of insurance fraud are deliberate, in many cases insurance fraud is committed without the […]

4 Year Old SMEs Most At Risk of Failure

Newly released data from Equifax has stated that SMEs in their 4th year of operation are at highest risk of business failure. Equifax is an information solutions company and provider of credit information and analysis in Australia and New Zealand.  The company’s analysis of External Administration events in Australia in 2017 revealed that this is […]

Is Your Business Covered for Faulty Workmanship?

Insurance policies are full of terms and jargon that can be difficult for business owners to understand and apply to their own real-life situation.  These terms can often be vital parts of policies that determine whether you are covered in the event of a claim or not.‘Faulty Workmanship’ is one of these terms.  Tradesmen across […]

Top Commercial Risk Exposures of 2018 Revealed

Renowned Insurer Allianz released its Risk Barometer for 2018 in January, identifying the Top Business Risks for 2018. Risk managers, underwriters, brokers and other prominent insurance industry figures from across the world participated in the Allianz survey to identify the most prominent risks that businesses will face this year.  Business Interruption topped the list as […]

Is Your Insurance Up to Date for 2018?

Buying Insurance isn’t something you can do once and forget about.  It’s important to continuously review your business needs and the policies you have.  The start of a new year is the ideal time to evaluate your business insurance policies to make sure everything is on track going into 2018. You need to consider what […]

Risks Of Hiring Contractors – Are Your Contractors Properly Insured?

Have you made sure your contractors and sub-contractors are properly insured? Hiring a contractor can be a convenient option for small business owners. One of the primary reasons being that they provide their own insurance. However, the quality of their insurance could be a major factor if the unexpected does happen. For example, if your […]

Rising corporate insolvency highlights importance of Trade Credit cover

Rising corporate insolvency highlights the importance for businesses to invest in Trade Credit cover, according to new report by credit insurer Atradius. The Australian economy is for the most part stable contrasted with different economies in the locale and around the globe. Be that as it may, certain segments in the nearby market are confronting […]