End of Year Business Checklist for 2025
December is more than the finish line. It is a strategic moment for businesses to review their systems, update coverage, and ensure that nothing important slips into the new year unnoticed. As 2025 comes to a close, a simple year-end checklist can help keep your business protected and ready for 2026.
1. Review Your Building and Asset Valuations
Underinsurance remains one of the biggest issues for Australian businesses. With construction and replacement costs continuing to rise, many policies written even a year ago may no longer reflect the true value of your business assets or operational needs. Factors such as increased turnover, changes in staff numbers, updated equipment, or expanded operations can all contribute to gaps in your current cover.
Check valuations for:
Annual Turnover
Fit-out and equipment
Stock and materials
Staff Numbers
Machinery and plant
Even small increases in value can create large gaps in a claim.
2. Update Your Cyber Readiness
The end of the year is prime time for cyber incidents. Staff travel. Password hygiene slips. Approvals take longer. Scammers are aware of this and target businesses during the holiday season.
Key actions:
Confirm multi-factor authentication is active on all accounts.
Back up all data before the shutdown period.
Review who has access to sensitive business systems.
Remind staff to be cautious of emails requesting urgent payments.
If you have cyber insurance, ensure your policy accurately reflects your current systems.
3. Refresh Your Workplace Safety Practices
Workplace safety is a major driver of claims costs. December is the perfect time to update:
WHS training records
Incident logs
First-aid kits and safety equipment
Contractor compliance documents
A tidy WHS record is both good practice and favourable from a premium perspective.
4. Revisit Supplier and Contractor Agreements
The holiday period often exposes how dependent businesses are on key partners. A single supplier outage can lead to significant delays.
Check that agreements:
Reflect current pricing and service expectations
Include risk transfer and insurance requirements
Address delivery timeframes during holidays
This protects your supply chain and keeps operations running smoothly.
5. Review Operational Changes From 2025
If your business has grown, your insurance needs have changed. Major triggers include:
Hiring new staff
Opening new locations
Purchasing new equipment
Taking on larger contracts
Increasing revenue
Notifying your insurer before renewal can prevent gaps in cover.
Moving Into 2026 Prepared
Taking time now to reset your business protections helps reduce risk and can lead to smoother claims outcomes. A small review today can prevent a major problem tomorrow.
December is more than the finish line. It is a strategic moment for businesses to review their systems, update coverage, and ensure that nothing important slips into the new year unnoticed. As 2025 comes to a close, a simple year-end checklist can help keep your business protected and ready for 2026.
1. Review Your Building and Asset Valuations
Underinsurance remains one of the biggest issues for Australian businesses. With construction and replacement costs continuing to rise, many policies written even a year ago may no longer reflect the true value of your business assets or operational needs. Factors such as increased turnover, changes in staff numbers, updated equipment, or expanded operations can all contribute to gaps in your current cover.
Check valuations for:
Annual Turnover
Fit-out and equipment
Stock and materials
Staff Numbers
Machinery and plant
Even small increases in value can create large gaps in a claim.
2. Update Your Cyber Readiness
The end of the year is prime time for cyber incidents. Staff travel. Password hygiene slips. Approvals take longer. Scammers are aware of this and target businesses during the holiday season.
Key actions:
Confirm multi-factor authentication is active on all accounts.
Back up all data before the shutdown period.
Review who has access to sensitive business systems.
Remind staff to be cautious of emails requesting urgent payments.
If you have cyber insurance, ensure your policy accurately reflects your current systems.
3. Refresh Your Workplace Safety Practices
Workplace safety is a major driver of claims costs. December is the perfect time to update:
WHS training records
Incident logs
First-aid kits and safety equipment
Contractor compliance documents
A tidy WHS record is both good practice and favourable from a premium perspective.
4. Revisit Supplier and Contractor Agreements
The holiday period often exposes how dependent businesses are on key partners. A single supplier outage can lead to significant delays.
Check that agreements:
Reflect current pricing and service expectations
Include risk transfer and insurance requirements
Address delivery timeframes during holidays
This protects your supply chain and keeps operations running smoothly.
5. Review Operational Changes From 2025
If your business has grown, your insurance needs have changed. Major triggers include:
Hiring new staff
Opening new locations
Purchasing new equipment
Taking on larger contracts
Increasing revenue
Notifying your insurer before renewal can prevent gaps in cover.
Moving Into 2026 Prepared
Taking time now to reset your business protections helps reduce risk and can lead to smoother claims outcomes. A small review today can prevent a major problem tomorrow.
December is more than the finish line. It is a strategic moment for businesses to review their systems, update coverage, and ensure that nothing important slips into the new year unnoticed. As 2025 comes to a close, a simple year-end checklist can help keep your business protected and ready for 2026.
1. Review Your Building and Asset Valuations
Underinsurance remains one of the biggest issues for Australian businesses. With construction and replacement costs continuing to rise, many policies written even a year ago may no longer reflect the true value of your business assets or operational needs. Factors such as increased turnover, changes in staff numbers, updated equipment, or expanded operations can all contribute to gaps in your current cover.
Check valuations for:
Annual Turnover
Fit-out and equipment
Stock and materials
Staff Numbers
Machinery and plant
Even small increases in value can create large gaps in a claim.
2. Update Your Cyber Readiness
The end of the year is prime time for cyber incidents. Staff travel. Password hygiene slips. Approvals take longer. Scammers are aware of this and target businesses during the holiday season.
Key actions:
Confirm multi-factor authentication is active on all accounts.
Back up all data before the shutdown period.
Review who has access to sensitive business systems.
Remind staff to be cautious of emails requesting urgent payments.
If you have cyber insurance, ensure your policy accurately reflects your current systems.
3. Refresh Your Workplace Safety Practices
Workplace safety is a major driver of claims costs. December is the perfect time to update:
WHS training records
Incident logs
First-aid kits and safety equipment
Contractor compliance documents
A tidy WHS record is both good practice and favourable from a premium perspective.
4. Revisit Supplier and Contractor Agreements
The holiday period often exposes how dependent businesses are on key partners. A single supplier outage can lead to significant delays.
Check that agreements:
Reflect current pricing and service expectations
Include risk transfer and insurance requirements
Address delivery timeframes during holidays
This protects your supply chain and keeps operations running smoothly.
5. Review Operational Changes From 2025
If your business has grown, your insurance needs have changed. Major triggers include:
Hiring new staff
Opening new locations
Purchasing new equipment
Taking on larger contracts
Increasing revenue
Notifying your insurer before renewal can prevent gaps in cover.
Moving Into 2026 Prepared
Taking time now to reset your business protections helps reduce risk and can lead to smoother claims outcomes. A small review today can prevent a major problem tomorrow.
