The major risks facing business in 2018

Business Interruption, cyber attacks, and natural catastrophes are, not surprisingly to us in the industry, the leading business risks this year, according to more than 1,900 risk experts from 80 countries polled for the latest Allianz Risk Barometer.

The survey by Allianz Global Corporate and Specialty reveals that cyber attacks and business interruption remain the leading two risks in Australia. What remains disappointing is that both cyber and business interruption coverage is often not taken out by many small to medium enterprises, commonly at their peril.

I continue to urge all business owners and managers to discuss these and other risks with their insurance broker.

Changes to legislation/regulation and natural catastrophes are also high on the list.

To read the excellent full report please visit: http://www.agcs.allianz.com/insights/white-papers-and-case-studies/allianz-risk-barometer-2018/ 

I conclude with their very insightful infographic.

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Product Safety Australia – Recalls 17 January 2018

This week’s product recalls includes the following:

Jetpilot Australia Pty Ltd — The Cause Kids Neo Vest Personal Flotation Device (PFD)

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Honda Motor Co. Ltd — GL1800 Goldwing Motor Cycle

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Le Rose Nominees Pty Ltd — Fruit Mince Tarts

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Tassal Operations Pty Ltd — Tasmanian Smokehouse Australia Sliced Smoked Salmon

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Murray River Organics Pty Ltd — Coconut milk powder non-organic / non-GMO

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ABC Sales & Marketing Pty Ltd — Mamee Monster Rice Sticks vegetable flavour 6 pack

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Golden North Pty Ltd — Frozen icecream – various flavours and sizes of brands Golden North, Black & Gold, Country Style, Foodland and Simple

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BMW AG — C Series – C 650 Sport/ C 650 GT, F Series – F 700 GS/F 800 GS / F800 GS Adventure, R nine T Scrambler

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FCA Australia Pty Ltd — 2010 (DJ) Dodge RAM 2500 Pickup and 2010 (D2) Dodge RAM 3500 Pickup

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FCA Australia Pty Ltd — Vehicle Recovery Strap supplied with 2014 – 2018 (KL) Jeep Cherokee Trailhawk

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Linley Valley Pork — Thai Coconut and Lemongrass Pork Loin Roast

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Marine Power International Pty Ltd — Mercury Diesel 3.0L 225HP and 265HP Sterndrive marine engines

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For more please visit https://www.productsafety.gov.au/recall/

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Product Safety Australia – 4 January 2018

Happy New Year!

Some of this year’s first recalls includes the following:

PS Importers Pty Ltd — Moto Guzzi V7 III Motorcycles

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Subaru (Aust) Ltd. — Impreza MY 2004-2007

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Saint Constance Pty Ltd — Kidstar Safety Car Seat

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Saint Constance Pty Ltd — Norluc Baby Car Seat

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Saint Constance Pty Ltd — Portable Pram Baby Toddler Stroller Convertible Jogger Baby Seat

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Aston Martin Lagonda Ltd — DB9, DBS, Rapide, Virage & Vanquish Motor Vehicles

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Tai Fu International — XI ZHI LANG Jelly

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