The most infamous product liability cases from around the globe
Who would have thought finding a decomposing snail in a ginger beer bottle would open up a new principle – duty of care – which is the basis for product liability?
Every business likes to keep its costs low. And, the more insurance you need, the higher your premiums will be. But there are other factors that can affect the cost of your insurance premiums, your cover, and the excess you pay.
Understanding the insurance market can help you identify which risks are more costly to protect, so you can better focus your risk management activity, and potentially reduce your insurance costs.
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Who would have thought finding a decomposing snail in a ginger beer bottle would open up a new principle – duty of care – which is the basis for product liability?
In an unpredictable business environment, such as during the COVID-19 pandemic, it can be difficult planning to eliminate, minimise or control risks to your operations. This article offers four types of insurance that can help you deal with uncertainty.
While public liability insurance isn’t compulsory for some business types and sectors, these actual cases may prompt you to consider this cover.
Get into the habit of reviewing your insurance before you renew them, and adapting it throughout the year.
There's much more to professional indemnity insurance (PI) than meets the eye. This type of insurance helps cover the cost of legal action for losses others experience resulting from your services including professional advice.
Whether you’re a property owner, tradie, or developer, serious construction defects aren’t just someone else’s problem. They’re becoming more common and more expensive.
In October 2022, Shepparton in Northern Victoria endured one of its worst floods in living memory. Homes, farms, and local businesses were hit hard. Even properties that had never seen floodwater before were suddenly underwater.
Cyber threats are evolving faster than most businesses can keep up, and Australian SMEs are now in the crosshairs.
Cybersecurity might seem like a concern only for large corporations, but recent events have shown that small businesses are equally vulnerable.
The Australian Taxation Office (ATO) small business benchmarks serve as more than just a compliance tool—they’re a way to measure your business performance against industry standards.