Planning to start a business?

may take out an entirely worthless policy when you go ahead. Again, facts have to be right from the beginning.

Consider Advice. We understand no one has an unlimited budget, but don’t cut corners that may put you out of business before you’re off the ground. For example, If you handle and store people’s details like phone numbers, names and addresses, you need cyber protection for yourself. If employing people, you may need Management Liability Insurance, if you give advice, you may need Professional Indemnity and so on. Take the time to familiarise yourself with the risks, so you aren’t taken by surprise, and so you can write a realistic budget. Deciding in advance you need the “bare minimum” may be a costly financial error.

Read All of the Paperwork. When we ask you to read through and confirm the details are correct, you must check! Once a quote turns into a policy, this is a legal contract between you and the insurer. If you fail to read it, and later have an issue caused by a failure to correct your answers, it’s too late once a claim has occurred. Read the Schedule and read the PDS. Ask your broker questions, as the answers could make a big difference to the cover selected, and to how you manage risk within your business.

Be Patient. Often insurers and their underwriters are overwhelmed with the volume of inquiry, so be prepared to wait for a quality answer to come back. Speed doesn’t always equate to efficiency or deliver accuracy. Not everything can be done using online quoting tools, and this is particularly the case for complex risks. So perhaps start your research well before you quit your job to allow ample time to get it right.

You can thank me later.

For a health check of your business insurance, contact Small Business Insurance Brokers via email: sales@ smallbusinessinsurancebrokers.com.au

Any advice in this article has been prepared without taking into account your objectives, financial situation or needs. Because of that, before acting on the above advice,you should consider its appropriateness (having regard to your objectives,needs and financial situation).

0418 300 096

By Warren Strybosch

Mother's Day is a special occasion that celebrates the women who have dedicated their lives to raising and nurturing their children. It's a day to recognize and appreciate the love, sacrifices, and unwavering support that mothers provide throughout our lives.

Mothers are often the backbone of the family, the ones who keep everything together through good times and bad. They are the first to wake up in the morning and the last to go to bed at night, working tirelessly to ensure their family's needs are met. They give up their own dreams and aspirations to make sure their children have every opportunity to succeed.

But Mother's Day is not just a day to celebrate biological mothers. It's a day to honor all the women who have played a motherly role in our lives. This could be a stepmother, grandmother, aunt, or any other woman who has provided love and guidance along the way.

On Mother's Day, we have the opportunity to show our appreciation for all that these women have done for us. Whether it's through a thoughtful gift, a heartfelt card, or a simple phone call,

By Tess Ikonomou

(Australian Associated Press)

Australians exposed to data breaches will soon be protected by a dedicated privacy watchdog with extra funding to keep information secure.

It will be the first time a standalone privacy commissioner has been appointed in more than eight years.

There will also be increased funding in the federal budget to tackle privacy issues. Australian information and privacy commissioner Angelene Falk will continue in the dual role until a replacement is found.

Attorney-General Mark Dreyfus said massive data breaches that happened last year, including on Optus and Medibank, were distressing for millions of Australians.

“The former coalition government left Australia disgracefully unprepared for this challenge by failing to update