Why Early Tax Planning Matters for Australian Businesses
For many businesses, tax planning only starts when the financial year is nearly over. But the reality is the best tax and finance strategies start months earlier.
Business Risk Management Australia: How Australian Businesses Can Identify and Manage Risk Effectively
Small to medium businesses are exposed to risks all the time, which can directly affect day-to-day operations, decrease revenue or increase expenses. Some risks can be serious enough for your business to fail. Most business owners and/or managers know instinctively that they should have insurance policies to cover risks to their assets, liabilities, income, and […]
Understanding Underinsurance Average Clause in Australia and How It Impacts Your Claim
What happens if the insurance cover or sum insured is not enough to repair or rebuild? All property insurance policies including professional services, farm, business, home and strata insurance policies require the sum insured (declared value) when taking out insurance or renewing the policy to be the current cost of replacing the building, office, shop […]
From the early days to the major milestones.
From a simple idea… to a national legacy, a new milestone for LA. Fifteen years ago, there was no national brand. No network of offices. No team of 120+ people. Just a belief that things could be done differently. But the story doesn’t begin with an office or a business plan. It begins with a […]
How Inflation Affects Insurance Premiums
As the cost of living in Australia continues to rise, so do insurance premiums. Inflation, which refers to the increase in prices of goods and services over time, can significantly determine the cost of insurance for businesses. In this post, we explore how inflation affects insurance premiums and how you can manage the impact on […]
Insurance for Side Hustles – What You Might Be Missing
Australia’s side hustle economy is booming. Whether it’s Airbnb, dog walking, freelance design or selling handmade goods online, more Australians than ever are earning a side income. Side hustles that earn income are not automatically covered by your Home, Car or Landlord insurance policies. Insuring your Side-Hustle If you run a business from home, garage, […]
What’s the Difference Between Insured, Named Insured & Interested Party
Insurance jargon can be confusing, like the difference between: Each has a special meaning, so it’s important to understand the differences. Who is ‘The Insured’? Who is the ‘Named Insured’? Like the Insured above, this will include the person arranging and paying for the policy. There may also be Additional Named Insured(s) shown in the […]
Taking Charge of Bushfire Preparedness: The Free Resilience Rating App for Homeowners
In an unprecedented development, Australians now have access to a revolutionary, free application designed to enhance their home’s resilience against bushfire risks while potentially reducing insurance premiums. The Australian Government has invested $3 million in support of the pioneering efforts of the Resilient Building Council (RBC), which has officially launched its innovative Bushfire Resilience Rating […]
Managing risks: Key Insurance Covers Contractors Should Have Before Starting
There are 3 Insurance certificates that your Contractors should give you before starting work. Insurer requirement Your insurer will often have a requirement in your insurance policies that you obtain and keep copies of the contractors’ certificates of currency on file for use in the event of a claim. Quick Tips for checking Contractors’ insurance […]
Which types of businesses need Cyber Insurance?
Businesses of all sizes and industries should consider cyber insurance, especially if they: This covers over 90% of businesses. Every 10 minutes a business is cyber attacked, resulting in billions in losses each year. Cyber Insurance can help protect your business from financial losses and assist in removing malware and reinstate computer systems. Cover varies […]