What does the Royal Commission Report mean for insurance?

The Royal Commission into misconduct in the Financial Services Industry released its Final Report in February after 69 days of hearings with 76 recommendations made and 22 referrals to regulatory authorities for criminal investigation and potential prosecution. Of the issues that were raised during the royal commission, none related to insurance broking. In total, there…

How to protect your business against non-compliant cladding

The UK’s Grenfell Tower disaster has had widespread implications for professionals in Australia’s construction industry. Here’s how to help protect yourself if you’re a contractor who’s worked on any Australian building project. The UK Grenfell Tower disaster claimed the lives of 72 people on 14 June 2017. The tragedy unfolded on television and computer screens around the…

How to reduce your business insurance costs

More expensive premiums, higher excesses and narrower coverage are set to become an insurance reality for many Australian businesses. Here’s how SMB’s can prepare for a hardening market. Australian businesses have benefited from a soft insurance market for some years now, but it’s time to prepare for a change. We spoke with Steadfast Broker Technical…

Growth by Acquisition

In todays current Economic Climate many business’ are electing to increase their growth by way of acquisition. Whilst this strategy remains sound there are many considerations that need to be undertaken prior to purchasing an existing business, particularly if that business is in the same industry and/or profession you’re currently trading in. The main key…

Social Media Scams

Social media – there is no escaping it. Over time, it has become a way of life, from humble beginnings as a platform for friends and family to keep in touch, social media is now a complex system that allows all to interact on a personal level from consumers and companies to groups and governments.…