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What are the top 10 risks for Aussie businesses in 2017?

By Chris Dougherty, General Manager, Westlawn Insurance 23 January 2017 What are the biggest risks facing Australian businesses in 2017? Global insurance company, Allianz, has just released its annual Allianz Risk Barometer for 2017.

Cash flow worries keeping you awake at night? 3 steps you can take now

By Geoff Scofield, Westlawn Finance MD & CEO 26 September 2016 Are cash flow worries keeping you awake at night? If so, you’re not alone. Three recent surveys of small business owners have all found cash flow issues to be at the top of the list of headaches for small business owners.

Nine’s legal troubles over 60 Minutes story show why Management Liability cover is vital

The bungled 60 Minutes child abduction attempt on a suburban Beirut street last month illustrates just how easily things can suddenly and unexpectedly go wrong for a company and how senior management can suddenly find themselves in hot water. On 30 April, The Australian newspaper reported on the legal problems facing the Nine Network and its senior management in […]

$125 billion tied up in assets: Free up funds by renting business equipment

Australian businesses have almost $125 billion tied up in the ownership of assets. And this is having a negative impact on the majority of small and medium sized businesses. That’s according to Alleasing’s latest Equipment Demand Index. In a media release on 27 January 2016, Alleasing reported that this latest research has found that the average percentage […]

Tips to help tradies thwart tool thieves

Thefts targeting tools and building materials have been widely reported in the media over the past few months. According to reports, construction sites and utes have been particularly targeted by thieves. On 15 September, The Daily Telegraph reported police were warning tradespeople in Sydney’s northwest to lock up and secure their tools in their utes […]

Plan well ahead to maximise sale price of your business

Back in August we discussed the importance of succession planning and how too few business owners have a plan in place for exiting their business. One of the surprising statistics revealed in that article was that according to a June 2013 MGI Australian Family and Private Business Survey, 75% of business owners admitted their business was not sale- […]

Super tips for the self-employed

If you’re running your own business, there could be some tax concessions if you’re proactive about growing your retirement savings through super. If you are self-employed or a partner in a partnership, you won’t get Super Guarantee (SG) contributions from an employer. This means you’re responsible for making sure your super balance grows. While it’s […]

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