Myths abound among small-to-medium-sized businesses about the need for product liability insurance and its coverage. But it’s not just for mistakes or products that break or malfunction. Here’s your refresher guide to this important policy. What...
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As an emerging technology, artificial intelligence (AI) offers a lot of potential – as well as risks – for Australia’s agricultural sector. This article details three ways to harness AI that could transform your farming operations...
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The PwC scandal offers valuable lessons for SMEs regarding contract breaches, conflicts of interest, and professional indemnity issues. This incident highlights crucial aspects of business conduct and ethics applicable to businesses of all sizes...
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Each year, almost 800 Australians die due to using items that were unsafe due to their production or the way they were sold. The ACCC’s analysis shows fatalities due to faulty products were predominantly a result of: Fire, flames, or heat (burns)...
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Supply chains, traditionally susceptible to disruption, have become more unpredictable post-pandemic, as highlighted in a global Shopify report. Ongoing challenges include sanctions, aftershocks, political instability and persistent shortages...
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Australia’s skills shortage and high manufacturing costs mean importing products and parts from overseas can make good business sense. This article is your risk management update on sourcing from foreign manufacturers. Risks of imported...
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Bush fire risks persist year-round. Variables like vegetation, humidity, wind, rain, lightning, and temperature inversions influence hotspots. According to the Bureau of Meteorology (BoM), Australia has five fire danger seasons: Winter and...
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Australian SMEs must adopt Ai for competitive advantage, especially in cybersecurity. Workday’s Global Study of AI in business, study shows 90% of surveyed businesses use AI for operations, though its rapid evolution poses uncertainties and...
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Generative AI, like OpenAI’s ChatGPT, revolutionised business in under a year. This machine learning tech creates diverse content from text to image. Examples include Google Bard, Snapchat’s my AI, DALL-E2, Midjourney, and Microsoft’s VALL-E...
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The cost of living has been a struggle for Australian businesses and households. Adding to this is the expected rise in home insurance, typically by about 10%. We’ll share our tips on reducing the hit to your hip pocket, while still ensuring...
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Resilience skills help businesses in crises, such as during the pandemic, but also outside of those times. Resilience is being able to evaluate, identify, and address challenges as swiftly as possible to achieve a good outcome. It’s good to know...
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The Domestic Insurance (Home, Car and Landlord) market in Australia has been faced with numerous natural disasters over the last few years which has significantly impacted its profitability. This has had a ‘knock on effect’, with...
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