INSURANCE NEWS

What You Need to Know about Working with Contractors

Flexibility is the main reason Australian businesses hire contractors. Think of it as your very own surge capacity to onboard swiftly, deal temporarily with skill shortages, try before you hire and protect your bottom line, etc. And you might be spoilt for choice because one million Australians are independent contractors, says the Australian Bureau of Statistics. […]

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Risk Management Tips for Transport Businesses

Truck driving is one of our country’s most dangerous occupations. Drivers have a 13-fold higher risk of dying at work than other jobs, a 12-year university study has found. Over the period of the research (to 2018), the study found they lodged more than 120,000 claims for work-related injury and diseases. How can you safely accelerate risk […]

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How to Fend off Rising Premiums for Contract Harvester Cover

The pandemic-induced skills shortage has seen contract harvesters in demand and now insurance premiums are reaping a huge rise. For example, some harvesters faced a hefty $54,000 bill to comprehensively insure their new headers at the start of the season, according to ABC News Online. Elsewhere, insurers have cancelled their harvesters’ policies to avoid paying the excess premiums. […]

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How Your Hospitality Business Can Manage Staff Shortages

During the pandemic, shutdowns, hard borders, social distancing, and isolation orders have combined to savage Australian hospitality businesses. On average, there are 30% fewer hospitality shift work hours compared to pre-pandemic, says shift-work platform Deputy. Add to that the ‘shadow’ shutdown during the Omicron variant means foot trade can be unpredictable for businesses. Now there’s another challenge […]

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The Impact of the Supply Chain Crisis on Different Industries

While the pandemic has spotlighted supply chain disruption, other factors are coming into play. These include climate change, skills and labour shortages, Australia’s shrinking sovereign manufacturing capability and greater political uncertainty in the Indo-Pacific region. (The latter centres on dynamics around China). Industries such as automobile manufacturing, home building, as well as equipment repairs and others are […]

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