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Construction Insurance Market Update 2021
Construction Insurance Market Update 2021

The construction insurance market in Australia is changing in 2021, with some insurers leaving the market, resulting in an increase in pricing, rising excess levels, and more restrictions placed on policies and claims. In addition, COVID-19 has had an impact on the construction industry and related losses. New and changing reforms around Mandatory Insurance for those in the construction industry…

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Which region in Australia has the highest insurance premiums?
Which region in Australia has the highest insurance premiums?

Home, contents and strata insurance premiums differ from property to property, and between different insurance providers. But which region in Australia largely has the most expensive insurance premiums? An inquiry performed by the Australian Competition and Consumer Commission (ACCC) revealed that northern Australia, on average, has the most costly insurance policies. This region includes north Western Australia, the Northern Territory,…

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Risks in the Road Freight and Transport Industry due to COVID-19
Risks in the Road Freight and Transport Industry due to COVID-19

The year 2020 brought many changes to the way businesses operate, both in Australia and internationally. With lockdowns, border closures, shortages of goods, and supply chain issues, each industry has found ways to work under the ‘new normal’. Road and marine freight transport have evolved – and therefore so have the risks associated with these industries. Here at GSK Insurance…

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What the Workplace Health and Safety Insurance Amendments means for you, your business and your insurance
What the Workplace Health and Safety Insurance Amendments means for you, your business and your insurance

Following on from the changes to NSW Work Health and Safety Act in June 2020, Western Australia has followed suit. After receiving royal assent on 10th November 2020, a new Work Health and Safety Act (2019) has been passed in Western Australia, due to come into effect in 2021. Replacing the previous Work Health and Safety Act, the change in…

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