Understanding risk management in the world of insurance is crucial, whether you’re an individual seeking to safeguard your assets or a business owner looking to protect your enterprise. Navigating the complex landscape of risk management and insurance can be challenging. Different types of risks require different insurance products, and understanding the nuances of each policy is essential to ensure you’re…
When it comes to insurance technology, we’re currently in the midst of a sweeping digital transformation that’s redefining the insurance sector. This revolution isn’t merely nudging traditional business models; it’s dramatically reshaping them, uncapping fresh opportunities while presenting an array of significant challenges. The insurance technology arena isn’t just a backdrop, but a dynamic participant in this evolution, pushing boundaries,…
Have you ever dreamed of working on your own terms, doing what you love, and being your own boss? Freelance work can make that dream a reality! But before you dive into the exciting world of freelancing, there’s an important factor you need to consider: insurance. As a freelancer, the risks and liabilities of your work fall squarely on your…
Small business owners are hard workers, with the ability to get out there and do what’s required to run a successful business. As a small business owner, you understand the importance of protecting your livelihood, your investment and your business. As much as possible, risk mitigation in small businesses requires you to prepare for the unexpected. All business models carry…
With one-third of commercial insurance premiums in Australia now being funded, it’s clear that the importance of premium funding is growing. Insurance is an obligatory and necessary part of running a business, but the often large costs involved can sometimes cause financial stress. Premium funding works to reduce this stress. Where, ordinarily, a business would pay their insurance premium upfront…
As with any business, when you are running a child-care centre it’s vital to have a careful risk management plan in place to cover yourself, your business and your assets. It can be confusing to make sense of the different kinds of insurance and what they all mean, and to understand what you need to do as the owner of…
From industry giants to small local businesses, the Australian supermarket and grocery industry is highly competitive with a total market value of over $100 billion. There are a number of risks faced by supermarkets and, no matter how careful you are with your safety practices, something could go wrong saddling your business with a heavy financial burden. Supermarket insurance forms…
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…
Retail businesses play an important role in the Australian economy and this industry is worth over $300 billion. Here at GSK Insurance Brokers, we provide retail insurance to a range of businesses across Australia and we understand the unique risk that your sector faces on a daily basis. Today, we look at some of the most common threats to retail…
Modern day supermarkets face growing challenges which makes success in this market increasingly difficult. With issues such as increased customer expectations, greater food choices, the rise of online ready-made meals, and competition with rival stores, supermarkets must continually implement measures to promote growth. While there are simple steps that supermarkets can take to ensure success, such as taking out supermarket…