Every business that provides services or advice to clients needs professional indemnity (PI), or professional liability, insurance to protect themselves legally, but if you run a recruitment or legal hire agency it's especially critical.
Venture capital (VC) investment in Australian businesses broke all previous records in 2018, soaring to $1.25 billion, according to a new report from KPMG. The trend highlights the need for start-ups to have appropriate insurance in place.
The current spate of both local and overseas businesses seeking funding for expansion through initial public offerings (IPOs) and capital raisings highlights the challenges around obtaining appropriate insurance.
Regulatory scrutiny and class action activity have D&O insurers unsettled, making placements more difficult and driving up premiums, according to Gallagher’s National Head of Financial & Professional Risks, Michael Herron.
Recruitment agencies are in the business of providing recommendations and advice. Your clients rely on your expertise to find, hire and nurture the talent they need to succeed. And while you're great at what you do, you need to protect your business against potential claims for financial loss arising from services you do (or do not) provide.
The erosion of public trust in government, media and corporate institutions, and the flow-on impact on insurance premiums, is the focus of Gallagher's Q2-18 Market Overview Report, entitled Into the breach: trust and data regulate the new norm.
Australia’s transition to an electronic system of exchanging property and the rise in cyber criminals targeting residential property transactions means that the Australian real estate sector may be facing a cyber security crisis, according to international insurance broker Gallagher.
Gallagher has signed up to sponsor the 2018 Recruitment Yarns series of educational events, which will engage with hundreds of recruitment professionals across Australia.
Deborah Allan joins Gallagher’s national Energy practice from Marsh, bringing more than 20 years’ specialist experience in the energy and renewables space. Deborah talks more about what attracted her to join the Gallagher team and what the future holds for clients.
In this short video interview, Kirsty Kennell-Webb from Gallagher’s Professional Risks & Financial Lines team, explains how the insurance industry needs to adapt its products and processes to more effectively meet the needs of the start-up fintech sector.
Gallagher has jumped onboard with Insurtech Australia, an organisation launched in October 2017 to network with global counterparts to facilitate global collaboration in adopting insurance technology.
Gallagher's Kirsty Kennell-Webb, Account Manager Professional Risks & Financial Lines, Sydney, explains how 2017’s series of natural disasters are putting pressure on underwriting conditions, and what the impacts are likely to be on reinsurance renewal rates.
Gallagher’s Adam Sulway, Manager Corporate, Sydney, believes insurers need to proactively meet clients’ needs as they are affected by today’s market conditions. To do this, he says, they have to be creative, providing additional solutions to traditional covers that haven't evolved at the same pace as the industries they were designed to support.
Many accountants will have already been contacted by CPA Australia to advise them that the Capped Liability Scheme will expire on 7 October 2017. After extensive dialogue between CPA Australia and the Professional Standards Council a replacement scheme has not been finalised within the necessary timeframe.
One of the questions we are asked a lot is, "Why do I need an insurance broker?". We've compiled 7 signs that indicate your business needs the help of an insurance professional.
Malware is the most predominant cybercrime threat in Australia, according to the Australian Cyber Security Centre (ACSC). And ransomware – a virulent type of malware – is a rising threat to businesses in Australia and abroad. But what is it? And how does it affect your business?
‘Liability’ is a loaded term with several different meanings and applications. In an accounting context, a liability may be a company’s financial debt. In a less specific sense, a liability may be someone or something who is generally a risk or burden to others.
Healthy and safety in the workplace is everyone’s responsibility. But did you know that recruitment professionals and labour hire agencies have particular obligations under the Work Health and Safety Act 2011?