2019 proved to be the fifth record year in a row for the mergers and acquisitions insurance market. Mergers and acquisitions insurance products, such as warranty and indemnity insurance, have been increasingly in demand, broader in scope and available in wider jurisdictions, and are being utilised as a staple in transactions. Tax, litigation buy-out and other contingent risk insurance used in...
With the Australian government taking extensive measures to mitigate the spread of the COVID-19 virus, including various stages of lockdown in major cities, construction site managers and contractors should be prepared to respond to mandated stop works orders. Given the ongoing uncertainty, here’s what you need to know in a quick guide to typical contract works insurance protection.
In the wake of coronavirus many businesses have have temporarily vacated premises and/or restricted their use of business locations.
The New South Wales government and City of Melbourne both announced on 2 April that construction sites can operate on extended hours to support the industry through the COVID-19 pandemic. Construction, especially rebuilding in the wake of last summer’s bushfires, is one of the commercial activities deemed essential by the Federal Government.
As the Australian business community faces the disruptions caused by the COVID-19 pandemic, business owners, managers and human resources (HR) teams are also tackling the ongoing responsibilities to workers and protecting our workplaces.
During times of change and vulnerability insurance cover is essential to business operations. Whether they apply to your business assets, employees, clients and customers or members of the general public you service, core insurance remains vital to the ongoing protection of your business.
In their response to the coronavirus outbreak, employees and other stakeholders will begin remote work and there is increased pressure on an organisation’s cyber security risk management.
As the COVID-19 pandemic is contained it's important to take action on your business continuity plan. Doing this will help guide your employees and your business through these uncertain times. Here we offer 5 risk management and wellbeing strategies to support the protection of both your business and your people.
Get the benefit of our brokers’ expert knowledge of how recent events are shaping the availability, cost and terms of insurance cover. We look at the factors influencing market trends, how to plan to meet them and leverage your relationship with your broker to achieve a positive outcome.
Is your business likely to be threatened by cyber risk? Absolutely. If you’ve got an internet connection you’re at risk of an attack or incident that could potentially close you down or inflict financial damage. Small businesses aren’t exempt: over a third of global cyber attacks target companies with less than 250 employees. Every business needs cyber protection. That's where cyber liability...
As news headlines about the coronavirus disease (COVID-19) continue to increase, so has concern over its potential to affect employee welfare, disrupt supply chains, slow business operations and impact business confidence. Businesses should take proactive measures now to review key insurance policies and business continuity plans. Here’s an outline of...
If you’re running a business and have people in key positions who you rely on to help you steer the company, you want to be sure they’re protected if they suffer an injury at work or become ill. But if you operate in Queensland, workers’ compensation actually excludes senior managers, and in Western Australia it’s optional and doesn’t include non-working partners or trustees. Fortunately...
An unfair dismissal claim can be a stressful time for all parties involved. Whether or not the claim is accurate, the time and cost that goes into defending an unfair dismissal claim can have an outsized impact on any business. Below we outline what's involved and how businesses can protect themselves.
It’s a myth that only big businesses face the threat of lengthy legal battles over everything from unfair dismissal to sexual harassment claims, employee fraud to occupational health and safety concerns. Small-to-medium sized businesses are increasingly being drawn into legal action, at considerable cost, which can be financially devastating for both the business and its executives.
Employee crime can take on many different forms. From a retail employee stealing items of stock to a finance employee fraudulently paying invoices to themselves, employee crime is a risk that takes a surprisingly large toll on businesses of all sizes.
If your business provides services or advice of any kind, then you run the risk of one of your customers being dissatisfied. And if they’re sufficiently motivated they could bring a damages claim against you and that could involve all sorts of negatives. Here’s an outline of the sorts of situations where this could happen and how you can protect yourself.
Gallagher is proud and honoured that six of our business talents have been announced as finalists in the Insurance Business Australia Awards 2020. They were selected from thousands of nominations and will go up against the best of our broking colleagues at a national level.