News

COVID-19 BRINGS ELEVATED CYBER RISK FOR SMALL TO MEDIUM BUSINESS

ALERT   Like nothing in recent history COVID-19 has dramatically changed the way we work and in doing so it has elevated the risk of cyber-crime. Criminal networks are seizing upon the new vulnerabilities created by COVID-19, resulting in substantial financial loss and other crippling impacts for small to medium businesses.

WHAT PROFESSIONAL INDEMNITY COVERS

The past decade has seen big changes in the litigation world. Not only are the numbers of cases against SMEs continuing to increase fairly rapidly, but settlement times are also being stretched, often taking up to five years for a resolution to be reached. Added to Australia’s changing litigation landscape is the additional complexity that comes with occupations that didn’t exist a decade ago (IT industry related).

PLANT AND EQUIPMENT INSURANCE

Anyone in the construction, civil, mining or landscaping industries can benefit from Plant and Equipment Insurance. This includes businesses who provide concreting, plumbing or excavating services, piling, earthmoving, roadworks, tunnelling and asphalt paving. Not forgetting trenching, cable laying, drilling rigs, and open and cut mining, as well as plant, crane and forklift hire businesses, and waste management operators

WHAT BUILDERS WARRANTY COVERS

Builder’s Warranty Insurance, also known as Home Indemnity Insurance, provides compensation to home owners for losses if their builder goes bankrupt, dies, disappears or faulty workmanship.

© 2020 by Gibbscorp Pty Ltd.     DOC:00906