According to insurance broker data, within the retail sector, more than 40 percent of shrinkage costs can be attributed to internal theft. According to the Australian Retailers Association Executive Director, Russell Zimmerman, internal theft is often more sophisticated, is more difficult to detect and has a greater financial impact compared to...
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Professional indemnity insurance is defined as a type of insurance which helps safeguard professional individuals and companies from suffering the comprehensive expenses of defending against a negligence claim made by a client or a patient. Among the fields which primarily need professional indemnity insurance is the nursing industry that is...
Generally, insurance brokers are professional advisers which specialise in risk management and insurance. They act on behalf of their clients and provide them technical advice that can be important in making a claim on particular insurance. In other words, an insurance broker will help every business or individual determine the risks to help them...
Cyber liability insurance is a standard risk management program which can protect a company from exposure to cyber criminals. In a 2017 threat report by the Australian Cyber Security Centre, it was found out that small businesses are among the primary targets of themed-phishing emails. Regardless of that, only 14 percent of Australian small...