Gallagher News and Insights

Cyber security pain points for small businesses – what you need to know

07 July 2020

Small to medium-sized enterprises are estimated to account for 96% of all businesses in Australia and approximately 40% of all cyber crime targets. You wouldn’t gamble on these odds so you shouldn’t risk your business future by leaving yourself open to attack. Here are the 3 keys to understanding how you could become a cyber crime victim and what to do to avoid it.

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Management liability considerations as your business grows

01 July 2020

When business is going well you don’t want to leave yourself behind by overlooking risks that have evolved along with your enterprise’s growth. Your staff numbers, operations, offerings and management team may all have expanded, and you need your insurance protection to keep pace. Management liability cover is especially important for addressing the various risks in managing a business. Here’s...

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Cyber attacks on food producers are growing, the potential risks are crippling

29 June 2020

The high levels of automation that maintain food and beverage manufacturing efficiency and enable fast processing that retains the quality of the ingredients make the industry an appealing target to cyber criminals, as the recent ransomware attack on Lion’s beverage manufacturing operations on 9 June 2020 demonstrates. Here are some of the factors food producers should be aware of.

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Corporate travel insurance 26 June 2020 update – COVID-19 exclusions

26 June 2020

As COVID-19 restrictions ease businesses making plans for travel should be aware that the intention of insurance is to cover sudden and unexpected events. Given travel restrictions and the high level warnings have been in place since 18 March this generally means travel insurance for COVID-related impacts is not available. Read on for specific communications relating to domestic and...

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Risk management and insurance protection for real estate agents

23 June 2020

Real estate businesses are exposed to a broad range of risk exposures so it’s important to have comprehensive insurance cover for all your activities, and also to keep detailed records in case you do have to claim. Here are some tips to help you make sure your real estate business is properly protected.

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The role of risk mitigation in fighting the working from home cyber crime wave

17 June 2020

Opportunistic and quick to respond to new vulnerabilities or exposures, cyber criminals have wasted no time in adapting to the conditions presented by Australia’s response to COVID-19. Gallagher cyber practice leader Robyn Adcock explains why the restrictions that helped contain the spread of the virus also encouraged a cyber crime wave.

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Return to the workplace - a business 4 step guide

15 June 2020

As you consider returning your operations and staff to your business’s workplace you need provide for a range of factors and how you will deal with them. Risk assessment and management is essential. This COVID-19 Business Return to Workplace 4 step plan can be utilised by any business, with considerations around your primary mode of trading, the wellbeing of your employees and how your...

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Business directors alert to elevated risks and insolvency fears should look to insurance

11 June 2020

As the failure of Virgin Australia illustrates, local business boards are confronting the threat of insolvency in the face of reduced revenue and strategic uncertainty, according to a Company Director magazine article published 1 June. Company Director spoke with Gallagher National Head of Professional and Financial Risks Michael Herron, who stressed the need for boards to scrutinise their...

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Protect your business during unpredictable times

10 June 2020

During times of change and vulnerability insurance remains essential to business operations and continuity. Whether the cover applies to your business assets, employees, clients and customers or members of the general public you service, you need to ensure you have the four core business insurances that can provide added protection during uncertain times.

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Businesses shouldn’t cancel essential protections just to cut costs

09 June 2020

As restrictions ease business owners shouldn’t sell themselves short on essential protections. Business insurance expert Stephanie Fox explains why.

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Transport Industry Risk Update: COVID-19 considerations

09 June 2020

Transport businesses have specific insurance needs and risk exposures which require careful consideration, particularly in light of the current COVID-19 pandemic environment.

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The right insurance for film and TV to roll cameras again

28 May 2020

As Australian governments continue to ease restrictions, at least 119 film and television productions paused during the COVID-19 shut down are now mapping out their plans for returning to work. When filming resumes it will be under very different conditions and insurance considerations and risk management strategies will need to be examined and changed accordingly.

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Insurance market update: food production challenges from farm to table

19 May 2020

The COVID-19 pandemic has challenged Australia’s food production sector on all fronts from a spike in distribution and transportation demands following a period of panic buying through to declining exports and slowing trading conditions in key markets such as China.

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Insurance market update: cyber risk evolving as fast as technology itself

19 May 2020

In light of the prevailing COVID-19 pandemic and its impact on the delivery of knowledge, goods and services, the perceived value of data and information as a valuable commodity has grown along with the connected risk. Remote worker access to data and stricter device controls are the new security perimeter.

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Insurance market update: business continuity and your Plan B

19 May 2020

Business continuity remains firmly in the spotlight amid trading downturns, lockdown restrictions and empty retail spaces, following on from the recent battering by a summer of bushfires, droughts and storms.

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Insurance market update: board governance and directors' liability

19 May 2020

'The COVID-19 pandemic is placing increased pressure on company directors and executives to communicate robust continuity plans that protect the interests of employees and shareholders, against a backdrop of uncertainty and rapidly evolving risk. In doing so, they will need to respond to a range of concerns — cash flow and liquidity, maintaining reputation, implementing employee safety...

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Trade credit insurance and guidance on COVID-19 implications

13 May 2020

Managing credit risk in the prevailing COVID-19 pandemic environment is critical and should form part of a business continuity plan, as businesses move to manage cash flow and apply for government aid packages (subject to eligibility).

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Business Insurance and Risk Market Update: May 2020

12 May 2020

The Gallagher Business Insurance and Risk Update, May 2020, delivers expert insights and perspective on changes within the insurance market and what this means for your business.

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Middle Market Business Insurance Update: COVID-19 considerations

12 May 2020

Middle market businesses (<$250m turnover, 20+ employees) have specific insurance needs and risk exposures which require careful consideration, particularly in light of the current COVID-19 pandemic environment.

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The new normal: returning to the workplace and taking care of your team

29 April 2020

As the rate of COVID-19 infection drops in Australia, the government and business community are beginning to consider what a return to workplaces might look like. 

Until a vaccine is developed coronavirus remains a threat due to its ease of transmission, and this means workplaces will have to adopt new business models. Here are some workplace health and safety considerations to plan for.

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