Gallagher News and Insights

5 essential business risk guidelines for safely managing contractors

08 April 2021

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.

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Risks to miners increasing with rising resources nationalism

19 March 2021

The mining industry is likely to bear the brunt of rising nationalism in countries with economies reliant on their resources, according to a report by global risk analyst Verisk Maplecroft. The report cites 34 countries where resource nationalism has surged, with cost implications for mining companies.

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Insurance for green energy company gained via multi-insurer collaboration

15 February 2021

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.

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Specialism focus: agriculture, sport, mining and transport risk reports

01 February 2021

Informed understanding of our clients’ risks is the foundation of the expertise and services we provide, and to enable that we have many teams of risk specialisms across a range of industries and sectors.

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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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The rise of cyber risk in the construction industry

16 July 2020

Cyber risk is a leading concern in business as threat actors continue to attack organisations of all sizes across all industry sectors. As we increasingly depend on technology, access to data and chains, the attack surface grows larger by the day. Globally Gallagher cyber experts provide key information and insights on the growing risks and protections in the construction space.

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Construction and contract works: a guide to COVID-19 stop work orders

23 April 2020

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.

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COVID-19 and construction: government update and keeping employees safe on site

08 April 2020

 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.

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Silicosis: What you need to know to protect your people and your business

11 December 2019

Silicosis has become a bigger work safety concern than asbestosis. We look at the types of materials that present a risk, who it affects, how Australian regulators and the insurance sector are responding to the emerging threat and what you need to know now.

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The ultimate guide to insurance for the construction industry (Free Ebook)

29 November 2019

Download our jargon free guide to the 'must have' insurances to mitigate risk in the construction industry.

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Navigating today's business insurance – Market Overview Report H2 2019

25 November 2019

The just-released Gallagher Market Overview Report delivers a big picture perspective covering structural changes within the insurance market and their impact on underwriting requirements ‒ and what this means for your business.

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Business insurance update: Gallagher Market Overview Report H2 2019

19 November 2019

Access the newly released Gallagher Market Overview Report with our experts’ analysis of the key trends in business insurance for the second half of the year.

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Construction insurers are playing it safe and insureds should too

13 November 2019

he effects of the past 12 months on the insurance market mean that a climate of caution is affecting the construction industry at all levels, warns Gallagher Head of Construction - Australia and Asia Roger Irvine.

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Is the construction sector ready for extreme weather?

04 November 2019

Construction risk management is in the spotlight as climate conditions change and associated risks are on the rise, delivering potential wins and losses for the building industry.

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We just want to be paid: protecting your construction business from insolvency risk

31 October 2019

Insolvencies are on the rise in Australia. Reports published by the Australian Securities and Investments Commission (ASIC) showed that the number of companies entering external administration increased by 7.3 per cent in the 2015/16 financial year, continuing a long term trend of rising insolvencies in Australia.

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The insurance implications of non-compliant cladding for the construction industry

23 October 2019

The issue of non-compliant cladding continues to cast a shadow over the construction industry globally - and has professional indemnity insurance implications for construction companies, architects and other related professionals.

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Tips and tools for managing subcontractors

14 October 2019

Managing subcontractors effectively is crucial to productivity and profitability. Experience, organisation and effective communication are all important factors. Here we nail down some of the common issues and their solutions.

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Are you covered for delay in start-up for construction projects?

09 October 2019

As hold-ups become an increasing concern for construction projects, delay in start-up insurance (DSU) provides an option for managing the risk, but the terms can be complex and tricky to negotiate. Here's how it works.

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5 key pain points in construction public and products liability

30 September 2019

Building contractors should definitely read the small print in these make or break areas of their business insurance contracts before they sign on the dotted line. The devil is in the detail.

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Insolvency risk in construction - be proactive

25 September 2019

The decline of the mining industry signalled the beginning of the end of the recent building boom in Australia, leaving the construction industry highly exposed. The economic risk is huge, given construction accounts for almost 10 per cent of employment, according to ABC News.

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