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 […]
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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.
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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
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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
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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
Is Your Business Changing – Here’s a Quick Insurance To-do List Read More »