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Jump in claims caused by severe weather reveals the threat it poses to small businesses
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Jump in claims caused by severe weather reveals the threat it poses to small businesses
New research from insurance comparison site BizCover reveals that Australian small businesses are increasingly being hit by costly operational disruptions caused by power outages, fires, and storms. The research shows that severe weather-related claims jumped from 9.5 per cent of all claims in FY2023 to 16.8 per cent in FY2025. Damage bills are also rising, with businesses typically claiming around $39,000 for weather events and, in some cases, …
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