How can I save some money on insurance?

20 April 2018
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When an insurer calculates a premium, they look at a range of factors and these, in turn, vary depending on the type of insurance your startup needs. Let’s take Public Liability insurance as an example; a quote will consider things like turnover, the likelihood of your products causing injury or damage to others, the number…

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Insurance for startups on the move or changing locations

15 November 2017
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    If your startup is moving ahead in business – or just moving locations, Single Transit Cover might be a good option. It’s particularly important if you’re changing office locations – you’re covered from the time when the first box or laptop/computer screen is moved from your building, through all the stages, to being…

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6 typical protections that a cyber insurance policy covers

19 October 2017
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  According to research by the Australian Institute of Criminology, around 14% of Australian businesses experience computer security incidents each year – and this figure is expected to increase. The institute has estimated that losses from cybercrime each year are upwards of $595 million. You’re making a significant investment in your startup. You need to…

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Insurance made more convenient: StartUpCover launches chatbot

15 September 2017
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    MELBOURNE, September 15: StartUpCover, a joint venture between Willis Towers Watson and CGU, is proud to announce the Australian insurance industry’s first Facebook Messenger chatbot specifically designed for startups. “Jamie” the chatbot goes live today from the StartUpCover Facebook page. It is designed to give startup businesses access to insurance information and an…

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The age breakdown of Australian Facebook users in September 2017 [Infographic]

14 September 2017
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  The product or service that your startup is offering will have its own unique target market.   A startup which offers relaxing holiday deals for example may intentionally try to target the older demographic of retired people who might be more willing to take holidays than a 30 year old who has just had their…

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Professional Indemnity Insurance explained: Why do I need it?

9 August 2017
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    If your startup involves giving professional advice or consulting services to clients, you need to look at Professional Indemnity Insurance. You should protect your startup and the people working within it against claims that may arise; this could involve alleged negligence or breach of duty that might arise from an act, error or…

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Managing your risks

27 July 2017
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  What is a risk? In the context of startups, a risk is an event that has the chance of causing damage, injury, liability, loss, or any other negative occurrence to your startup. Identifying the unique risks of your startup and ensuring they are covered adequately with a thorough risk management model is paramount to…

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Key cyber insurance considerations for startups

11 July 2017
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    What’s my cyber risk? Startups tend to be less concerned about their technology/cyber risks than their publicly traded counterparts. How is this possible?  It may be due primarily to a limited understanding of the scope of risks that they face. According to the Verizon Data Breach Report, approximately 61% of data breach victims…

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5 reasons your startup needs an insurance broker

3 July 2017
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    Startups continue to come to the fore this year, bringing revolutionary ideas and solutions that have never been tried or seen before. It’s an exciting time, especially for those people founding and managing startups, as the possibilities seem endless! But the unique nature of startups offers some challenges – and one of those…

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Five key financial considerations for your startup

14 June 2017
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When you are beginning your startup venture, knowing where and when to start with your finances can daunting in itself.  Where will I get funding? How will I control my finances effectively? What should or shouldn’t I be spending money on? Below are five of the most important considerations you should have front of mind…

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