Gallagher News and Insights

Severe weather preparedness checklists for business: cyclones, floods, storms, bushfires

24 November 2020

Protect your business from severe weather events including fires with these precaution checklists to action ahead of a threat and guides for how to be prepared for emergency conditions.

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Prepare and protect your business against extreme weather and natural disasters

24 November 2020

Extreme weather events or natural disasters are a fact of life for Australian businesses all over the country. Either bushfires, cyclones, storms or heavy hail can affect many areas, causing threats to safety, damage to property and interruptions to transport, communications and business activities. It only makes sense to be prepared. Here’s our guidelines to some of the key essentials.

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7 steps to securing optimal SME business insurance cover

12 November 2020

Obtaining the insurance cover your small to medium (SME) sized business needs on terms that you can meet can be challenging, especially when the insurance market is in a ‘hard’ cycle, driving higher premiums and reducing availability of cover. Tackling these challenges with a business insurance broker to work through these conditions will help you achieve the best possible outcome.

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Insurance for new class of small business insolvency practitioners

12 November 2020

Proposed legislation reforms to the Australian insolvency regime include the creation of a new class of practitioner: the Small Business Restructuring Practitioner (SBRP). The Gallagher Insolvency & Turnaround (Gallagher I&T) team has reviewed and updated our relevant bespoke insolvency insurance policies to take in to account the risks of this new professional model. Here’s a summary of the...

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Industrial special risks insurance plugs potential gaps in commercial property cover

10 November 2020

When disaster strikes isn’t the time to discover limitations in your commercial property insurance, especially if one event has triggered a cascade of further issues. But there is property insurance available to larger business operations that extends to consequential losses without the need to specify what they are: industrial special risks insurance. Here’s how it can plug gaps you might not...

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5 cases where management liability provided critical insurance for businesses

05 November 2020

Business owners and managers can be held responsible if an issue concerning the company becomes the subject of a legal action. This can involve costs in defending a case, and more if they are found liable, which is why management liability insurance offers critical risk support. Here we profile 5 cases where management liability insurance provided essential protection in a number of different...

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Commercial property risks: 4 fundamental areas that impact your risk profile

30 October 2020

In the current challenging market for obtaining insurance cover it’s an advantage to know how your commercial property risks might be viewed. This has direct bearing on how your risk profile is assessed so it’s worth getting ahead of the game by looking at your property through an insurer’s eyes. Here’s a quick guide to making a start.

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The local business insurance approach to meeting regional business needs

28 October 2020

Gallagher Branch Manager for Wagga Wagga Caleb Richards wants to help build up the perception of insurance brokers to being comparable to lawyers or accountants, and he’s putting in the yards to do it. Here’s how he approaches providing value to his regional community.

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Buyer and seller insurance for mitigating risks in mergers and acquisitions

27 October 2020

The impact of COVID-19 on global economies and Australia has brought a marked reduction in business mergers and acquisitions (M&A), but that isn’t universal, according to a recent study by Deloitte. A survey of leading local dealmakers and 60 corporate heads of M&A identified a number of businesses are poised to take advantage of opportunities for sales, but the need for caution is paramount.

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Insurance services and solutions tailored for the unique risks in the insolvency profession

14 October 2020

2020 has certainly been a challenging year in so many ways. The Gallagher Insolvency & Turnaround (Gallagher I&T) team understands the immediate impact to the insolvency profession from the Federal Government’s insolvent trading relief being extended to the end of 2020 along with the proposed legislation reforms to the insolvency regime. Here’s how we’re preparing to support and assist our...

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Insurance Market Conditions Report: Navigating the Hard Market: Q4, 2020

25 September 2020

Like many, the insurance industry is facing hard market conditions, which follow tightening over a number of years, with significant constraint in insurer capacity and increases in premium pricing across many insurance classes. Businesses seeking renewed or expanded insurance cover are experiencing the challenges of this demanding insurance climate. Our placement experts and insurance sector...

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What insurance do I need for my business vehicles?

11 September 2020

Delivery scooter to full fleet, van to ute with all the gear: the way that vehicles are used for business are as varied as the people who drive them. Whether you’re a tradie with a built-in tool chest or a business running a sales fleet of branded sedans, you need insurance for your business vehicles.

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Client case study: major insurance gap identified for growing business

01 September 2020

At 27 the principal of a construction company he had built up since he graduated as an apprentice was a complete success. His business had grown from one employee to 26, his turnover from $250,000 a year to $10 million. Every year he simply renewed his online small business package – until his personal insurance broker offered a review of his business insurance cover.

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Business case study: 8 effective steps to workplace injury prevention

25 August 2020

In response to identified workplace issues and shortfalls in safety standards this busy product manufacturing business of household cleaning products more than halved the number of claims and days lost due to injury through adopting a preventative program and following the Gallagher Workplace Risk team’s advice.

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How the COVID pandemic has changed Australian businesses

13 August 2020

The Australian Bureau of Statistics released June 2020 survey findings on how the COVID-19 pandemic has affected businesses in Australia. The report, based on a survey of 2000 local businesses, delivers a snapshot of COVID impacts. Here’s a summary of the key changes to business – how does your business compare?

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Navigating business insurance renewals in challenging conditions

11 August 2020

7 steps to securing optimal business insurance cover and terms.

This article offers guidance on steps large businesses should take with their broker when renewing an insurance program in the current challenging market, to ensure the process delivers results and the best achievable outcome.

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Workplace safety compliance under renewed scrutiny: 4 key updates

24 July 2020

There has been increased focus on working conditions for employees in Australian businesses, partly due to revelations of unlawful practices in some industry sectors, as well as safety concerns triggered by the COVID-19 pandemic. We highlight 4 important compliance requirements with regional applications for the states and territories concerned, and for businesses operating in multiple...

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Gallagher and Special Olympics announce partnership committed to inclusion

21 July 2020

 

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Cyber security weak points in SMEs – 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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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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