Australia’s building ministers are calling for a national approach to the combustible cladding issue in reaction to increases in insurance premiums and tightening of professional indemnity insurance terms affecting the construction sector.
Cyber risk is a well-known threat for businesses across all sectors, from the troves of personal data housed by financial institutions, to nationally significant infrastructure governed by our public sector. However, the implications for private oil and gas companies are less understood.
Unlike many other regions around the world, the issue of decommissioning liabilities is one which is fast approaching E&P companies around Australia.
Fracking is perhaps the most contentious issue facing the energy market in the world today. Around the world, media organisations have reported on protests and legislative actions concerning fracking and its impacts on the environment.
In an ominous move for the cost of insurance premiums, Lendlease is suing the building surveying consultancy that approved the cladding for Melbourne's Royal Women’s Hospital for breach of contract in failing to identify that it was combustible and non-compliant.
Gallagher has released a white paper analysing the increasing incidence of long-tail weather events and its implications for the construction sector.
Extreme weather events – in Australia and around the world – are becoming increasing likely. This probability has affected how insurance providers view construction business’s risk exposure. We unpack the some of the implications and include some pointers for business survival through an extreme weather event.
Changes to the National Construction Code (NCC) aimed at improving fire safety in high-rise buildings come into effect from 12 March 2018. For companies involved in high-rise residential building projects, understanding and complying with these requirements is critical to avoid being in breach of conditions.
The hire and rental insurance landscape is a potential minefield for the unwary operator. Your insurance claim can be voided if you don’t have the right policy and if it doesn’t work with your hire rental agreement.
Welcome to the construction site of the future. People are still onsite, but there are fewer than there used to be. Some wear holographic headsets. Drones hover overhead. Builders can see through walls and harness superhuman strength, while robots whizz through more repetitive tasks.
With mandatory data breach reporting coming into effect on 23 February 2018, now is the time to review your business’s cyber security. These questions are designed to help you identify weak points in your business set-up.
Purchasing Domestic Building Insurance (DBI) through VMIA is changing from 1 July 2017.
With a string of high-profile data breaches making headline news across the world, no company appears to be immune from the threat of a cyber incursion. Apple, Sony, JP Morgan Chase, British Airways and the European Central Bank are among high-end corporates to fall victim to hackers or malware, while the Australian Census fail of 2016 was, officially at least, attributed to a cyber attack.