We take the opportunity to revisit the posts our blog visitors read the most from the last 12 months, outlining key points to be aware of across the market. Included: transport sector challenges, the background to the combustible cladding issue, how to get a competitive deal on insurance cover, and affirmative action on gender equality in the insurance industry.
Transport sector snapshot
In an industry characterised by a few very large companies and a huge majority of smaller operators the competition for market share is fierce and many companies that are subcontracted to larger organisations have little leverage in negotiating terms.
Against this background there are distinct challenges to be met if Australia is to double its freight movement capacity by 2030. The ageing workforce is creating a shortage of suitably qualified drivers, new technologies demand extra investment and specialised skills, and while government spending on infrastructure will bring some improvements these won’t be evenly distributed.
The combustible cladding problem
Since multi-storey apartment block fires in the United Kingdom and Australia highlighted the combustibility of widely used aluminium composite panel (ACP) cladding the issue has hobbled the construction industry and raised far-reaching questions about where liability lies.
Our 3-part series examines the factors that have led to this position, with respect to product specifications, the regulatory framework and response to date, and the implications for construction businesses in terms of insurance cover.
Read in depth: Is Australia headed for a cladding crisis? Parts 1, 2 and 3
Issues around business liability
If you interact with the public in any way, either at your place of business or via the services you perform, or the products you supply or deliver, you should be aware of your responsibilities if an action, mistake or oversight by you or one of your staff results in harm to someone outside of your organisation.
We look at the kinds of businesses this affects, with examples of the incidents that can give rise to damages claims, and what you need to know to protect yourself.
Read in depth: Public and product liability ‒ explained simply
Tips for getting a better deal on your insurance cover
Cost is a sensitive factor for all businesses and especially for smaller enterprises, but skimping on insurance cover is a mistake that’s guaranteed to come back and bite you. Before you think about your arrangements for the coming year check out these simple steps to getting a good deal.
Because you’re an expert in your own business you’re in the perfect position to provide information that can save you money if you invest a little time and effort for a worthwhile result.
Read in depth: 5 ways to get a better deal on your business insurance
Affirmative action on gender equality and recognition
Two outstanding Gallagher talents were recognised as Elite Women in Insurance by Insurance Business in its annual listing of 25 influential women in the industry: Chief Executive – Australia Sarah Lyons and National Head of Credit, Surety and Political Risks Racheal Tumelty.
They both comment on the culture that supports their achievement of senior status and what it means for women seeking career advancement in the insurance sector.
Read in depth: Two of our top female talents named Elite Women in Insurance
If you need to get in touch
Naturally we very much hope you won’t need to call on your insurance during the break when the Gallagher offices will be largely closed from 21 December and reopening on 6 January 2020. However, limited staff will remain available and 24/7 claims support is contactable on 1800 254 287.