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Stay up-to-date with the latest news, information and updates from Honan Insurance Group, including innovation in the insurance space, business highlights, community & partner profiles and company announcements.

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From Lab to Launch: Risk Management and Insurance for Life Science and Biotech Innovators

From lab to launch, each Life Science and Biotech company is unique and a nimble start-up will have different needs, challenges and legal requirements to a listed company bringing in revenue from overseas. As risk exposures evolve along side a company's capabilities and technologies, Daniel Reid outlines key insurance considerations to help you limit your risk exposures at each phase, allowing you to focus on what you do best.
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April 27, 2023

Optimising Your Insurance Outcome: The Importance of Understanding Your Strata Property

When it comes time to begin the insurance renewal process for Residential and Commercial Strata Policies, as your broker, we will request specific information about your property (known as COPE) to help ensure that all necessary information is disclosed to insurers. Georgiana Loader outlines key COPE requirements and the importance of having this information readily available when the renewal process begins.
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April 27, 2023

New dispensing rules likely to trigger insurance changes

This week, the Australian Government announced it will implement major changes to the Pharmaceutical Benefits Scheme (PBS) starting in September. The changes will allow millions of Australians with chronic illnesses to purchase 60 days’ worth of selected medicines for the price of a single prescription. Amid the current ‘cost of living crisis’, this change is expected to save Australians more than $1.6 billion over the next four years. In parallel, the move has also been described as controversial, with major concerns raised about the impact it will have on pharmacies.
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April 26, 2023
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Steering in the right direction: why it’s important to think twice before using personal vehicles for business

As small businesses look for ways to optimise their operations and reduce costs, allowing employees to use their personal vehicles for work deliveries may seem like a practical solution. This seemingly thrifty practice can cause plenty of problems – both for staff and the business as a whole. In this article, we’ll explore why using personal vehicles instead of designated corporate cars to run errands is not always the best solution!
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April 24, 2023
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Experts with Edge: Jamie Lansdown

At Honan, we’re big believers in growing an exceptional brand, business and reputation through exceptional people. People with market-leading expertise, proven results and a fierce commitment to serving their clients, but also people with creative, considered points of view and a willingness to share them. These are our challenger champions - the ones who progress, lead and succeed by doing things a little differently, delivering on promise, and proving their passion through outstanding performance. In this series, we get to know them a little better; picking their brains for exclusive industry/category insights, future predictions, and the secrets behind their success.
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April 19, 2023

Managing cyber security risks in the digital age: a guide for pharmacy owners

In today’s digitally driven world, cyber attacks are becoming more common and sophisticated. In fact, a cybercrime is reported every seven minutes on average in Australia (ACSC, 2022). Australians have lost more than $98 million to malicious cyber activity between 2021-2022, with an incident resulting in an average loss of more than $64,000. Unfortunately, no sector of the Australian economy is immune, and government, education, and healthcare have all been targeted by these malicious activities. This article takes a closer look at pharmacies, which operate in the health technology space can reduce their cyber risk exposures.
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A rare insight into the mind of a hacker

A recent interview with a hacker who claimed responsibility for a highly publicised cyber attack highlights the recklessness mindset of hackers and serves as a reminder to business owners that the potential exposure, reputational damage, business interruption and financial costs following a cyber incident are too great to ignore. Nathan Mauriello unpacks the key takeaways from the interview to help you manage your cyber risks.
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April 18, 2023

How technology is transforming the (sports personal accident) game!

For many Australians, sport is simply part of our DNA, with more than 80% of Australians participating in weekly sports or physical activity. However, sport is not without risk, demonstrated by the 50,000 people were hospitalised due to sports injuries between 2019 and 2020. Chris Papakostas, Service Executive - Honan Sports, looks at how the use of technology and data analytics is driving a shift in the insurance industry towards a more individualised and data-driven approach to personal injury cover.
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