Having an insurance broker advise, guide or manage the claims process is closely linked to satisfaction with the experience, according to a recent report based on a survey of Australian small businesses. This trend has strengthened over the past few years in parallel with the hardening insurance market and greater claims scrutiny by insurers. We look at some of the factors involved.
If your business uses contractors to carry out services for you or on your behalf, this guide for employing and managing them to avoid potential exposures is designed to help you create an effective contractor management framework to reduce your business risks, as defined by our insurance partner Vero.
Our Top Cyber Risks for the Board of Directors webinar presented by Robyn Adcock and Michael Herron delivers in-depth insights into the consequences of cyber breaches for affected businesses' executive management.
For most businesses there’s an array of moving parts behind your brand name: logistics that enable you to run your operations and service your customers. It would be difficult to sustain your business without them, which is why you want to make sure these assets are adequately protected.
This is the 10th year of the Vero SME Insurance Index and the insurer has highlighted some long-term trends, as well as reflections from small to medium businesses on their risks and insurance during 2020, including adjustments to of their insurance cover in response to the pandemic. Here we review some of the key findings.
Almost every business relies on equipment, from desktop computers through to refrigeration, manufacturing plant and heavy machinery. They’re essential tools and if they’re not working then we can’t either. Businesses need contingency for these risks, and that’s what machinery and equipment breakdown insurance is for.
The disruptions caused by the growth of the gig economy enabled free enterprise and offered new service options but has also served to deregulate some industries and remove standard protections. Recently government focus has turned to protecting the safety and wellbeing of gig employees, with significant implications for some Australian employers.
As the world continues to grapple with the impacts of the coronavirus pandemic on businesses globally and in Australia 'a COVID trio' of key, interrelated risks has emerged, according to the Allianz Risk Barometer 2021.
Every business has people who are indispensable to running your operations so it’s important to have protections in place that support them in their roles and provide for the unpredictable. Here are our top 3 insurance essentials that are key to every business owner effectively taking care of their most valuable assets.
Transport and logistics operators can really benefit from working with an insurance broker who understands the industry and their specific business’s risks ‒ so if your relationship with your broker is limited you may want to rethink before you renew your insurance cover.
The use of heat in workplace processes raises the risk of fire, explosions or the generation of dangerous fumes – which can affect people, property and the surrounding environment, so a formalised safety process is essential. The following information is based on a comprehensive explanation of the need for hot work permits by our insurance partner QBE.
Many businesses rely on their anti-virus software for protection against cyber criminals or hackers, but did you know that some malware (malicious software) can still enter your technology and computer systems undetected? Understanding how the threat can slip past security measures helps you know what to look for and how to protect your business.
Getting cover for an unusual energy start-up in risk averse insurance market conditions calls for fresh ideas, so a multi-disciplinary Gallagher team pooled their creative abilities to pave the way to a successful outcome. Here’s how Zoom technology contributed to overcoming the capacity challenge and obtaining more competitive pricing.
The use of drones for business or commercial applications in Australia has grown exponentially ‒ and so have the risks. The Civil Aviation Safety Authority (CASA) has responded to this increased usage and the related issues by updating the regulations governing commercial use of drones, or remotely piloted aircraft (RPA). Read on to find out how this affects your business and insurance cover.
In uncertain times the level of concern and anxiety in our communities and workplaces should not be underestimated. For employers, the early identification of and supportive response to mental health issues are fundamental to employee wellbeing.
Nothing stands still, least of all in business. Chances are your company has changed in large or small ways, but has your insurance kept pace? Could you be over or under insured? These are some of reasons why it’s important to do a regular business insurance risk review. Here’s how you could benefit.
As insurance becomes tougher to obtain generally, insurers are requiring increasing amounts of information about claims. Having this information to hand relies on good housekeeping – as does minimising the risks in the first place.
As numbers of attacks have risen in the past year the Australian government has warned that businesses need to be prepared, with the right defences and recovery resources.
In anticipation of increased mergers and acquisitions activity for local and global business buy and sell transactions influenced by the forces of COVID-19 business impacts and uncertain economic conditions, insurers are looking to new uses of cover to for businesses to ensure they’re covered for unknown risks as well as the known.
After a year of extraordinary conditions Gallagher has released its Global Mergers & Acquisitions Outlook Report, January 2021. Following 2019 when M&A insurance capacity expanded significantly to meet increased competition, providers were forced to reassess their positions and adapt rapidly by innovating their offerings to a reduced market. The report covers the key developments likely to...