Only 5% of businesses have cyber insurance, even though everyone is at risk of a cyberattack – and the cost of an incident can sink your entire organisation.
Our research into current internal audit (IA) environment throughout New Zealand’s public sector explores how leaders from a range of agencies are navigating the skills squeeze, budgetary bottlenecks, and their progress with IA innovation.
In February we launched a bi-annual research initiative to track business sentiment and explore where New Zealand businesses are succeeding, and where they’re feeling pain.
Increasing insurance premiums should prompt all business owners to review the level and extent of insurance cover for their organisations. But the question is – where do you start? Are you aware of all of your business risks? Is insurance the best way to mitigate all risks? Which risks does insurance cover? Should you self-insure? Greg Thompson answers these questions and provides some insights into how you can take a risk-based, structured approach to protecting your business.
If you’re looking to ease the pressure on your operating costs, investing in electronic invoicing (e-invoicing) is a great place to start.
A thorough financial risk management plan should include protection against financial loss due to the illness, injury, disability, or death of a working owner or ‘key person’. The financial impacts of these scenarios can be instant, long-lasting and in the worst-cases, terminal for your business and potentially your personal assets.
Businesses will continue to experience persistent material and wage price inflation as they have over the past two years, ongoing supply frustrations set against the current backdrop of tightening monetary policy, rising interest rates, the cooling of property prices, and access to credit. Read more to find out how to protect your business on new projects and weather the current storm.