Gallagher News and Insights

One in two businesses failing their staff during COVID

08 September 2020

Employers are urged to protect employee wellbeing as Australia's economic crisis deepens. More than half of the country's 12 million workers received no support from their employer during the first wave of the coronavirus pandemic, despite having to adjust to major changes in their workplace, new research reveals.

Read More

10 cybersecurity issues to tackle with reopening business work locations

18 August 2020

For businesses reopening locations around COVID-19 changes in Australia, managers must first focus on the obvious priorities of health, safety and core day-to-day operations, and cybersecurity concerns may be among the next group of issues to be addressed. The usual dynamic balance between IT operational priorities and cyber security safeguards may be tested in an already challenging and...

Read More

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?

Read More

What Victoria’s stage 4 restrictions mean for businesses

05 August 2020

Gallagher is continuing to support our Victorian clients through this crisis. In response to increases in COVID-19 cases the Victorian government has declared a state of disaster and introduced new lockdown laws, including stage 4 restrictions applying in metropolitan Melbourne and stage 3 restrictions in regional areas. The following guide provides a quick reference to what this means.

Read More

Critical steps for keeping your business COVID safe

27 July 2020

Workplace safety challenges continue to change as COVID-19 infection clusters erupt in densely populated areas, while businesses attempt to return to ‘new normal’ operations in various parts of Australia. Many businesses will be juggling multiple premises and staff working environments, including working remotely (or working from home) and working in a mobile capacity.

Read More

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...

Read More

The role of risk mitigation in fighting the working from home cyber crime wave

17 June 2020

Opportunistic and quick to respond to new vulnerabilities or exposures, cyber criminals have wasted no time in adapting to the conditions presented by Australia’s response to COVID-19. Gallagher cyber practice leader Robyn Adcock explains why the restrictions that helped contain the spread of the virus also encouraged a cyber crime wave.

Read More

Return to the workplace - a business 4 step guide

15 June 2020

As you consider returning your operations and staff to your business’s workplace you need provide for a range of factors and how you will deal with them. Risk assessment and management is essential. This COVID-19 Business Return to Workplace 4 step plan can be utilised by any business, with considerations around your primary mode of trading, the wellbeing of your employees and how your...

Read More

Business directors alert to elevated risks and insolvency fears should look to insurance

11 June 2020

As the failure of Virgin Australia illustrates, local business boards are confronting the threat of insolvency in the face of reduced revenue and strategic uncertainty, according to a Company Director magazine article published 1 June. Company Director spoke with Gallagher National Head of Professional and Financial Risks Michael Herron, who stressed the need for boards to scrutinise their...

Read More

Protect your business during unpredictable times

10 June 2020

During times of change and vulnerability insurance remains essential to business operations and continuity. Whether the cover applies to your business assets, employees, clients and customers or members of the general public you service, you need to ensure you have the four core business insurances that can provide added protection during uncertain times.

Read More

Businesses shouldn’t cancel essential protections just to cut costs

09 June 2020

As restrictions ease business owners shouldn’t sell themselves short on essential protections. Business insurance expert Stephanie Fox explains why.

Read More

Transport Industry Risk Update: COVID-19 considerations

09 June 2020

Transport businesses have specific insurance needs and risk exposures which require careful consideration, particularly in light of the current COVID-19 pandemic environment.

Read More

The right insurance for film and TV to roll cameras again

28 May 2020

As Australian governments continue to ease restrictions, at least 119 film and television productions paused during the COVID-19 shut down are now mapping out their plans for returning to work. When filming resumes it will be under very different conditions and insurance considerations and risk management strategies will need to be examined and changed accordingly.

Read More

Insurance market update: food production challenges from farm to table

19 May 2020

The COVID-19 pandemic has challenged Australia’s food production sector on all fronts from a spike in distribution and transportation demands following a period of panic buying through to declining exports and slowing trading conditions in key markets such as China.

Read More

Insurance market update: business continuity and your Plan B

19 May 2020

Business continuity remains firmly in the spotlight amid trading downturns, lockdown restrictions and empty retail spaces, following on from the recent battering by a summer of bushfires, droughts and storms.

Read More

Insurance market update: board governance and directors' liability

19 May 2020

'The COVID-19 pandemic is placing increased pressure on company directors and executives to communicate robust continuity plans that protect the interests of employees and shareholders, against a backdrop of uncertainty and rapidly evolving risk. In doing so, they will need to respond to a range of concerns — cash flow and liquidity, maintaining reputation, implementing employee safety...

Read More

Trade credit insurance and guidance on COVID-19 implications

13 May 2020

Managing credit risk in the prevailing COVID-19 pandemic environment is critical and should form part of a business continuity plan, as businesses move to manage cash flow and apply for government aid packages (subject to eligibility).

Read More

Middle Market Business Insurance Update: COVID-19 considerations

12 May 2020

Middle market businesses (<$250m turnover, 20+ employees) have specific insurance needs and risk exposures which require careful consideration, particularly in light of the current COVID-19 pandemic environment.

Read More

The new normal: returning to the workplace and taking care of your team

29 April 2020

As the rate of COVID-19 infection drops in Australia, the government and business community are beginning to consider what a return to workplaces might look like. 

Until a vaccine is developed coronavirus remains a threat due to its ease of transmission, and this means workplaces will have to adopt new business models. Here are some workplace health and safety considerations to plan for.

Read More

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.

Read More