If you’re a business owner, it’s easy to assume that accidents won’t happen at your workplace. But the statistics paint a different picture. In 2020-2021 Safe Work Australia reported a total of 130,195 serious claims and a median compensation of $15,072 paid per claim. Employers are required by law to take steps to ensure their […]
Anyone can make a mistake – but if your business is found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business’ hard-earned reputation may be damaged as a result. That’s why professional indemnity insurance matters. It helps protect your assets and brand if […]
A lot happened in 2022 – many countries re-emerged and reunited in a post-COVID19 world, global economies bounced back and the impacts of climate change continued to become more destructive, with extreme weather events experienced in Australia and around the globe. All of these economic and environmental factors impacted many industries, including insurance. Based on […]
Over the last two years, an increased demand in construction, labour shortages, supply chain delays and rising inflation rates have had a significant impact on the price of building materials and construction costs in Australia. A recent report from CoreLogic for Q3 2022 showed national residential construction costs increased at the record rate of […]