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Anyone who farms knows how much of the season comes down to factors you can’t control. You plan, prepare, and put the work in – then weather, fire, or another unexpected event changes everything. Hail just before harvest. A fire through boundary fencing. Flooded paddocks. Chemical overspray. Livestock damage. Months of effort can be set…

When most people think about protecting their business, they think about the physical risks first – fire, storms, theft, or damage to equipment. But more and more, the disruption we’re seeing isn’t physical at all. It’s digital. Cyber incidents are now one of the fastest-growing risks for Australian businesses, including regional and small businesses. And…

Insurance is an important way to manage and reduce the financial impact of business risks for your: Customers & employees; Earnings; Assets (plant & equipment, buildings and stock); and Personal assets of directors and managers. What Insurance is Optional & What’s not? Your business may need certain types of insurance, like compulsory CTP or workers…

Running any size of business comes with risks and rewards which vary from business to business, from dealing with hazardous goods to protecting sensitive personal data. There are lots of free resources about identifying and managing risks including: Risk management guide for small to medium businesses from CPA Australia; or Managing Business Risks from the Federal Government….

  Artificial Intelligence (AI) has rapidly evolved, becoming both a powerful tool for innovation and a potential weapon for cybercriminals. As we enter 2025, the integration of AI into business operations has brought about both opportunities and unprecedented challenges in cybersecurity. Organisations must now grapple with a new wave of threats that leverage AI’s capabilities…

Planning for your succession will provide certainty for you, your employees and customers. The Best Time to Start Planning? Now The ideal time to plan your business exit is now. Proper succession planning involves considering key questions, such as: How your business structure will impact a potential sale and tax; Where a suitable buyer might…

Electric vehicles (EVs) are transforming corporate fleets, offering environmental benefits such as lower emissions, along with cost advantages like reduced fuel and maintenance expenses. Operating EVs requires careful consideration of unique factors, such as operational range, potentially higher costs for parts, and battery recharging coverage. Key Considerations for EVs Repair and Replacement Costs – EV parts…

The Reserve Bank’s welcome announcement of a 0.25% interest rate cut was the first in over four years, reducing the cash rate by 25 basis points to 4.10%. Impact on Business The reduction in interest rates will be welcome, assisting businesses in lowering borrowing costs and creating certainty that increasing interest rates were a thing…

Here’s a quick guide to make sure you still have the right type and amount of cover for your key financial risks as your business undergoes change. Consider new risks: As your business changes or grows, new risks can emerge. For example, new products may need to be advised to your insurer, product recall or errors…

Businesses of all sizes need to be ready for when a Cyber Attack occurs, Not If, having a clear action plan is essential. In 2024 there were 87,400 cyber crimes reported, each with an average cost of: Small business $49,000 Medium business $62,800 Large business $63,600 Aims of Cyber Hackers Include: Stealing personal or confidential…