Entries by Optimus1

Why small businesses use an insurance broker

Small business owners tend to be born optimists with little inclination to think about what could go wrong. That’s why it pays to have an insurance broker in your corner to safeguard what you’ve worked for. Paul Harrison’s family-owned shoe shop in Sydney’s Neutral Bay has operated out of various locations for more than half a century. […]

How to create and maintain an SMB inventory list

It can take just moments for fire, flood or thieves to wipe out years of hard work, asset accumulation and stock. But it can be months before you realise the full extent of the damage – and even longer to recover – if you don’t have a detailed and up-to-date inventory list encompassing business asset […]

How to protect your business against non-compliant cladding

The UK’s Grenfell Tower disaster has had widespread implications for professionals in Australia’s construction industry. Here’s how to help protect yourself if you’re a contractor who’s worked on any Australian building project. The UK Grenfell Tower disaster claimed the lives of 72 people on 14 June 2017. The tragedy unfolded on television and computer screens around the […]

Insurance and contractors: have you got it covered?

Hiring a contractor or sub-contractor is often appealing to time-poor, cash-strapped small business owners. One big reason is that they take care of their own insurance (as opposed to the business owner having to provide coverage for them, as is the case with employees). But what if things aren’t quite that straightforward?   Imagine the following […]

Workers’ compensation is everyone’s business

Business owners are required to navigate the complex world of workplace safety. Here’s some things you need to know to ensure your business is compliant. Injury in the workplace Illness or injury in the workplace is more common than you might think. No matter what industry you’re in, it’s an area of running a business […]

High risk with sub-standard products

High risk of sub standard products In recent weeks the news media in Australia has reported many examples of inferior products being used in the building industry. The reports document the use of non-compliant products, such as cladding, cabling, wiring and lighting being installed in domestic and commercial buildings. Some suspect installations have resulted in […]

Across the Claims Desk

Offbeat, unusual claims that cross insurers desk‘s everyday! SPLASH OF PAINT Unrestrained items in the back of a vehicle can cause more damage than a collision. The claimant driver of a car had a minor collision resulting in tins of paint on the back seat moving freely around the inside of the vehicle, flipping their […]

Fair Employment Seperation

Made redundant or fired? When contemplating firing an employee, proper process must be followed otherwise there is the real risk of the employer facing an unfair dismissal claim. To avoid the risk, some employers use ‘redundancy’ as an alternative to firing. It’s quicker, sounds nicer and is less painful to all concerned but often has […]

Work Experience Liability

Differences in Liability When employers provide work experience to school age students and unemployed people there are distinct differences with liability issues between the two groups. With school students the employer is normally indemnified by the school that the student attends, together with relevant State Government authorities indemnification, in respect of any injury sustained by […]

New Rating System for Homes at Risk

New rating system launched Following the ‘Black Saturday’ and ‘Blue Mountains’ bushfires in recent years, the Australian Government in conjunction with local councils and fire services, has amended the requirements set out in Australian Standard 3959 – Construction of Buildings in Bushfire Prone Areas. A Bushfire Attack Level (commonly known as BAL) Rating has now […]