Your New Year Insurance Checklist
Businesses that don’t review their insurance cover annually when they make internal changes risk being underinsured and out of pocket when it comes time to claim.
Phishing scams have increased dramatically as COVID-19 has forced large numbers of Australians to work from home.
According to cybersecurity specialists, the rapid transition into home offices, with fewer security controls in place, has increased the risk of cyber-crime.
To safeguard staff and business from the threat of online fraud or attacks, management needs to take action. While cyber insurance is vital, it is only one part of a complete risk management strategy against cyber-crime.
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Photo by Cristina Zaragoza on Unsplash
Businesses that don’t review their insurance cover annually when they make internal changes risk being underinsured and out of pocket when it comes time to claim.
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Your business is undoubtedly familiar with the nuts and bolts of your disaster recovery plan due to the current pandemic. It's a much-changed landscape for risk.
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If some of the more popular buzzwords of the past two years were "flexible work" and "hybrid business", 2022's might be more along the lines of consistency and continuity.
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No matter how much experience or how stellar the reputation of your professional services firm, you may still face an insurance claim.
An estimated eight in 10 Australian homeowners are underinsured, according to insurance websites that cite the Insurance Council of Australia (ICA) or the Australian Securities and Investments Commission (ASIC).
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