Each week, Business Cover Solutions distils the biggest stories shaping risk, insurance and compliance for Australian businesses. Expect clear, concise recaps of policy changes, industry developments, cyber and safety trends, and real-world impacts on day-to-day operations. We sort the signal from the noise so owners and managers can stay informed, anticipate obligations, and make confident decisions. Trusted, practical, and timely—your reliable briefing to start the week on the front foot.
This Week:
Weekly wrap for Australian SMEs. Treasury sets APRA levies for 2026–27, with a focus on insurer claims management. Victoria considers banning strata manager kickbacks and boosting disclosure and licensing. The federal Disaster Ready Fund round four opens, favouring hard mitigation with insurance co‑benefits before 1 July. Industry code data shows claims‑handling breaches rising, so businesses should track communications and compare insurers on service as well as price. Visit business-cover.au for tailored cover and clear comparisons.
EPISODE 2038 | Business Cover Weekly Risk and Insurance News | Fri, 5th Jun 2026
9 Jun 2026 | Paige Estritori
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Hello and welcome to Business Cover Weekly Risk and Insurance News, Im Paige Estritori, and its Friday, 5 June 2026.
First up, Treasury has outlined next years levies that fund APRA, the prudential regulator. Insurers will chip in more, and APRA says it will scrutinise claims management in particular. That signals ongoing pressure on service standards and costs. For your business, keep claims documentation tidy and, when comparing policies, weigh service performance as well as price—we can help you line up options clearly.
Meanwhile in Victoria, the government has put strata manager kickbacks in its sights after an expert review called for banning those payments and tightening disclosure. Licensing for strata managers is on the table too. If you operate from a strata lot, ask for a line‑item breakdown of insurance and related fees, and review who is procuring your buildings policy. We can walk you through whats covered and where costs sit.
Next up, the federal Disaster Ready Fund has reopened for round four, with preference for hard mitigation projects that come with insurance co‑benefits. Proposals go via state and territory agencies and close on 1 July. If youre in a flood, cyclone or bushfire‑exposed area, talk with your council or industry group about projects that reduce risk, and ask us how resilience upgrades could be reflected in your cover when you compare policies.
And finally, the industrys code committee has reported a rise in breaches, with most tied to claims handling timeframes and updates. That means some customers still face delays and patchy communication. Keep a simple log of claim contacts and responses, and choose insurers known for reliable claim updates—we can help you find a package that balances price with support.
Thats it for this week. For clear comparisons and tailored business insurance, head to business-cover.au.
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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Knowledgebase
Insurance Deductible: the amount that an insured is required to contribute toward an insurance claim as stipulated in an insurance policy. Otherwise known as the "policy excess".
