Autumn is the time of year where leaves fall off the trees in glorious shades of yellow and orange. It’s the time where everyone has settled back into the daily routines after the chaos of summer holidays. We start eating comfort food and relish time indoors, and get confused as to what to wear with the ever changing weather.
It's also the time where these falling leaves fill your gutters and the daily grid can leave you on autopilot and maybe you forget to turn the stove off. This is why autumn is also a great time to review your insurance: so you can be sure that during winter, when most house fires occur, you are properly insured.
As an insurance broker who deals with the claims and concerns of clients who have been impacted by bushfire, please make sure you understand your risks, put measures in place to protect yourself, and make sure you have the right insurance in place as a safety net should the worst happen.
Another week, another three major cyber attacks hit the news. You may have seen recent reports that Cabrini Hospital in Melbourne, Toyota Australia and the Australian government have all been targeted by sophisticated cyber attacks. The government and Toyota have claimed that the attacks were unsuccessful and no data was obtained, but Australian security agencies are investigating the ransomware attack on the hospital.
There are so many cyber attacks (one every 39 seconds according to Security Magazine), that it can start to sound like white noise. But the figures below should convince you otherwise. You might think 'it won't happen to me, it only happens to big corporates' but it's also important to note that 43% of cyber attacks target small businesses!
Regardless of your individual opinion on the #MeToo movement, it continues to be headlining news and is causing policymakers and business leaders to change the way they view things like bullying, discrimination and harassment. All of these factors can result in an increase in employment and reputational risk, so we thought it was worth examining how these trends could impact our clients, their risk management practices and insurance solutions.