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.…

Big Data – How big is BIG?

big data noun: COMPUTING noun: big data extremely large data sets that may be analysed computationally to reveal patterns, trends, and associations, especially relating to human behaviour and interactions. How big is ‘big data’? According to some sources, in 2018 we captured the same amount of data in any two days than we did in…

Drone Regulation

Owners and Operators of Commercial Remotely Piloted Aircraft Systems (RPAS), which are more commonly known as “drones”, now face number of risks they should consider when it comes to protecting their own assets and third party liability. Whilst initially these drones were viewed as “toys” with minimal commercial applications the position has now greatly changed.…

Travel smart and travel safe

Passport – check. Clothes – check. Medications – check. Smartphone – check. You’ve got all of the above, but what about travel insurance? Travelling overseas can be a fantastic adventure – but you shouldn’t do it without first having a travel insurance policy in place. Not all travel policies are the same with many policy…

Insurance health check

Forget New Year’s Resolutions, at the beginning of 2017, it’s time to have a health check of your business and have a look at five mistakes you might be making with regards to your insurance. 1. Not regularly reviewing your insurance policies Don’t leave it to once a year (usually at renewal time) to review your…

Conditional registration with motor vehicles

Once a vehicle has been conditionally registered it should be treated in the same way as any other registered vehicle and should be duly insured under a Motor Vehicle Insurance Policy. It’s a legal requirement that all vehicles that require any access to gazetted roads and public places, such as car parks, must now have…