Free Management Liability review with Pocket. We'll check what your policy actually covers and whether the limit still reflects your risk. → https://t.co/yDF0zlN1AH
Full guide → https://t.co/G9sVkUl117
Incorporating makes you a director. Being a director gives you legal duties. Breaching those duties, even accidentally, can cost you personally. Here's what protects you. 🧵
3 things that catch directors out:
① D&O limits are per-claim
② Notification required as soon as you're aware of a potential claim, not just when it's filed
③ Deliberate dishonest acts are excluded — cover is for bad decisions, not bad intentions
The insurance gap: Standard Business Pack policies don't cover OAIC investigation costs, legal fees, or third-party privacy claims. Cyber + Privacy Liability insurance is the purpose-built cover. Free review → https://t.co/yDF0zlN1AH
Full article: https://t.co/B1gNsHraaD
Australia's privacy regulator just completed its first-ever compliance sweep. 60 businesses. 6 sectors. Penalties up to $66,000 per infringement. The era of guidance is over. 🧵
From 1 July, 100,000+ small businesses also lose their Privacy Act exemption due to AML Tranche 2. Accountants, lawyers, real estate agents, conveyancers — your compliance obligations are about to expand. The OAIC is watching that too.
Free coverage review with Pocket - we'll check whether your PI and Cyber + Privacy Liability cover is ready for 1 July. → https://t.co/yDF0zlN1AH
Full article: https://t.co/5HjzdsUcPK