The total claimed losses from the floods affecting Queensland and NSW are likely to hit $50 million this week, according to the Insurance Council of Australia.
SmartCompany editor James Thomson took time out from his busy schedule to talk to Today Tonight about the debt problems suffered by Nathan Tinkler, the former tradie who became Australia’s youngest billionaire.
Almost 85% of SMEs think they are fully insured but around half fail after an insurable loss to their business, according to insurance experts.
The devastating earthquake in Christchurch may have an impact on reinsurance pricing across the Tasman with premiums potentially rising for Australian businesses.
The clean-up from the floods is well underway, but how can you ensure your business isn’t sunk by a future disaster?
Cyclone Yasi has left a $1 billion damage bill for the state’s agricultural industries, with Prime Minister Julia Gillard warning of further budget cuts to fund the recovery effort.
Analysts say the financial impact of Cyclone Yasi on an already embattled Queensland will be severe and long lasting, with insurance premiums set to be immediately affected.
The devastation of the Queensland floods has quashed earlier predictions of a minimal economic impact, with economists now fearing the floods could cut Australia’s GDP by as much as 0.3%.
Queensland business affected by floods in the state will face an average revenue loss of $20,000, while others will face losses well over $1 million.
Start-ups should adopt a risk management strategy to combat the “large-scale, criminal” threat to their online security, according to a new report.
Start-ups are being urged to protect themselves from financial wrong-doing in light of new figures that show the cost of fraud has doubled in the last two years.
New service lets small business owners co-operate to warn of bad debtors.
Accountants body says compulsory indemnity coverage will force up the cost of basic bookkeeping services – and force part-timers out
There’s a range of things you can insure your business against and seemingly even more firms that are prepared to provide that insurance.
Small businesses’ only insurance obligation is to provide work cover for their employees, to guard against injury or death claims.