Notifiable Data Breaches Scheme Looms


The ramifications of cyber hacks are about to increase dramatically.

From Thursday 22 February, Australia’s notifiable data breaches (NDB) scheme  comes into force.

The scheme requires notification of unauthorized access to, disclosure of, or loss of information likely to result in serious harm.

The NDB scheme means your clients cannot keep silent on data breaches and hope for the best. From 22 February 2018, breaches must be reported to both the Office of the Australian Information Commissioner and people affected.

A wide range of entities are at risk and the statistics are horrifying. For

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No Business Too Small to Face Cyber Attack Risk

Your small business owner and manager clients might not consider themselves prime targets for cyber attacks.

They may assume big companies have more information to steal and more profits to siphon off, so they’re targeted most often by criminals online. In reality, the opposite is often true.

Everyone can be a cybercrime target – even SMEs – and the onus is on SME owners to stand up to the cybercrime epidemic, spread awareness and do their part to prevent incidents. That process begins with simply admitting the problem exists.

If one of your

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How Deep Does the Rabbit Hole Go?

An interesting headline for an insurance article I realize but I am continually surprised how far and wide reaching this new “cyber thingy” is taking hold across the globe. And the effect is largely unseen as a clear majority of businesses don’t report these cyber hacks or data breaches to anyone and just battle through. Perhaps because there is no one to report them to or they are simply not insured.

When will it stop? Or a better question, how far will it go? hence my article headline.

I heard

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The Aussie Macro Outlook

Trucking along

·        Data released since the start of the year shows the outlook has improved markedly since the end of 2016. Rising business confidence is driving job creation and providing a key support to household income and consumer spending while wages growth remains weak. In 2017, we expect 1.8% GDP growth followed by 2.2% in 2018. However, as the labour market continues to tighten and wages growth grinds higher we expect GDP growth to rise to 2.9% in 2019 and 3.4% in 2020.

·        Monetary policy will remain supportive until there

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Can I get Flood Insurance?


I know this article is not very timely as Cyclone Debbie has come and gone and left within its wake devastation and destruction.

My family moved to Lismore when I was 1 year old in 1973. We have seen our fair share of flood. Approx. 35 floods in that time. I have grown up with Lismore and its ability to flood and cause devastation. I remember wading waste deep into businesses, helping wash down the walls and restack the shelves as the water was going down so they could get back

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Cyber – Business Interruption Claims

Cyber is critical and must be covered off with clients since it is now an established exposure. Gary Gribbin, IBNA Limited Chairman has listed below the Cyber matters that they’ve paid last year. There were a similar amount prior year and some higher claims the year before and they have a $500k matter in the pipe at the moment.

Brief description
Approx Paid


Insured suffered multiple cyber-attacks. Potential BI loss. Crawfords assisting Insured.


Insured suffered a crypto-locker attack leading to a significant impact upon the business.


On 15 June

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iCare today announced that new business owners in NSW will benefit from a simplified multi-channel platform, for the first time enabling new businesses to get a quote and buy a workers insurance policy with iCare directly.

iCare Group Executive Workers Insurance, John Nagle, said the new offering will improve the customer experience by making it easier and faster for new businesses to arrange their workers insurance anywhere, any time.

“Since iCare formed, we have put the customer at the centre of everything we do. Our direct

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10 Reasons Why You Should Use an Insurance Broker

Buying insurance direct is easy. Buying the right insurance, however, can be very difficult indeed and getting it wrong often proves costly. Agile – Executive Director Matthew Denehy explains why it pays to use a broker.

1. Expertise

You can approach your broker with all of your insurance queries. Brokers specialise in insurance will understand how to fit the product to the client and have experience in arranging insurance to meet the individual needs that you and your family may have.

2. Personal service

You will be allocated a dedicated Client Manager as soon

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Caveat Emptor is a latin phrase meaning Buyer Beware but I add to this “simply don’t use Expedia for your travel arrangements” and I’ll explain why.

I had the pleasure of assisting my 75 yr old parents in October last year book some travel to Italy so they could join in with my wife’s birthday celebrations. We were using the Expedia website to make the booking and were selecting Business class so my parents were a little more comfortable as dad has been not well recently. We booked the trip and ended up

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Do you want “fries” with your insurance?

Companies are causing disruption in all fields of commerce, why would Insurance be any different. Well it’s not and in many cases the said Insurance disruptors are probably one and the same that you will be accessing via your Insurance Broker, maybe they will have a different name for their direct market shop front.

So what the hell is a disruptor then? In the business world a disruptor can be defined in many ways as it all depends on what side of the fence you’re sitting on. In essence though, I

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