A newly released survey by Opinium, commissioned by World Travel Protection, has delved into the safety practices adopted by Australian women when travelling for business purposes. The research, focusing on 500 Australian business travellers, indicates that a significant 88% of female travellers proactively adopt measures to ensure their security during solo travel. Safety measures women […]
EV charging stations – what are the risks and insurance impl
Tips offered to property owners and landlords Gallagher has delved into the emergent risks associated with the deployment of electric vehicle (EV) charging stations across Australia. In its latest blog, Gallagher highlighted the potential hazards linked to lithium-ion battery fires, known for their intensity and prolonged duration, which can lead to considerable property damage. This […]
Revealed – travel insurance costs surging in Australia (Fina
Financial comparison site Mozo’s latest Travel Insurance Report for 2024 has brought attention to a significant surge in travel insurance costs for Australians. The financial comparison site revealed a noteworthy 24% average increase in travel insurance expenses across essential, comprehensive, cruise, and ski policies over the past 12 months. The research outlined specific areas where […]
New – but worth thinking about
4 strategic ways HR can use AI at work AI has captured attention for its generative language and imagery, but its greatest benefit to HR may be more far-reaching. Learning how to leverage AI in unique ways can further position HR as organisational enablers.By now, many of us will have experimented with nascent AI technologies. […]
3 Applications of AI That Could Change Your Ag Business
As an emerging technology, artificial intelligence (AI) offers a lot of potential – as well as risks – for Australia’s agricultural sector. This article details three ways to harness AI that could transform your farming operations. How demands on farmers are changing According to the United Nations (UN), the global population will reach 9.8 billion […]
What’s Your Business Duty When Selling Faulty Goods?
Each year, almost 800 Australians die due to using items that were unsafe due to their production or the way they were sold. The ACCC’s analysis shows fatalities due to faulty products were predominantly a result of: Those fatalities and people hospitalised due to defective products cost the Australian economy about $5 billion annually, according to figures […]
The New Reality for Australia’s Transport & Logistics
While supply chains have always been prone to disruption, they have become even less predictable in the wake of the pandemic. These findings are according to a global Shopify report. Sanctions, aftershocks, and political instability continue. Fuelling the ongoing volatility includes shortages of: This has led to weak links in how businesses source, produce, transport, and […]
Using Foreign Manufacturers? Here’s How To Reduce Your Risks
Australia’s skills shortage and high manufacturing costs mean importing products and parts from overseas can make good business sense. This article is your risk management update on sourcing from foreign manufacturers. Risks of imported products/components Using overseas manufacturers to source parts and products raises these issues: If there’s any issue with the overseas-made product, you […]
Spotlight on Work-Vehicle Bingles & Managing Your Risks
As a business owner, you know how important it is to maintain the safety of your work fleet and have clear policies for staff using them. The cost of fleet accidents The social and economic costs of all road crashes in Australia are more than $30 billion each year, according to the Bureau of Infrastructure and […]
Builders’ Insurance: What Your Business Needs To Know
Australian builders are experiencing slim margins, but to help with costs, it pays to have a tight rein on your risk management. We’re not quite seeing what’s happening in the UK, where builders are pulling in the profits, charging about a 10% premium over the price of an existing home. Back in Australia, you do have […]
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