One of the drawbacks to owning a growing business is having more at stake. An expanding business is likely to be having dealings with an ever-increasing number of individuals, getting involved in a wider range of commercial activities, even expanding into new locations. A growing business usually requires a growing workforce. With more equipment and…
This Steadfast article first published on Steadfast.com.au 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…
Cybercrime and its potential impact on business operations is well understood today with reports about data breaches, malware attacks and email scams of all kinds making the the news almost daily. Businesses with websites, and that’s just about every business, hold data and information about customers. This sensitive information is at serious risk of being…
Steadfast’s decision to buy a non-controlling stake in Hamburg-based unisonBrokers for an undisclosed price is another stop in a strategy to expand its international business opportunities. UnisonBrokers, which generates $US17 billion ($22.6 billion) of gross written premium and also has a major base in Chicago, will be renamed unisonsteadfast when the deal is completed. Steadfast…
The reality is that all companies, large or small are targets for cyber criminals. Unfortunately many businesses operate under the belief that their existing insurance policies are enough to cover their data security and privacy exposures. This is not the case. Australian insurance companies however are at the forefront in making good the damage of…
Why use an insurance broker? For the peace-of-mind. That’s why. There is nothing worse than paying a premium for insurance, then, when you lodge a claim following an insured event, find that you get the runaround from the insurance company and, eventually, a settlement that leaves you well out of pocket. Buying your business and…
If you have employees who are required to travel for work within Australia or abroad you should ensure that you and they are not exposed to potentially large financial losses as a result of these travels. Expenses for medical treatment, emergency medical evacuation, flight cancellations, hire car excesses or lost luggage are several common…
Cash flow is the key to survival of any business. Without sufficient cash flow it becomes very difficult for even the most profitable business to avoid financial disaster, or at the very least achieve its true potential. When economic times are challenging, business leaders should be seeking ways to improve their cash flow and preserve…