According to the World Health Organisation, road accidents claim approximately 1.35 million lives each year. Behind these staggering figures lies a common thread of preventable behaviours, known collectively as the ‘Fatal Five.’ These critical road safety issues significantly increase the risk of road accidents, injuries, and fatalities. They serve as a crucial focus for road safety campaigns worldwide, highlighting behaviours…
The logistics sector is crucial for moving goods efficiently across borders, and managing risk is paramount to ensuring operational success and reliability. From physical damage during transport to cyber threats and regulatory compliance issues, there’s a lot to think about when managing these risks and protecting your business. How does risk management in logistics work? And how can you ensure…
Managing a fleet can be a daunting task if you’re a business owner. Every single day, your fleet, integral to your daily operations, faces the unpredictability of the road. From minor fender benders to major accidents, the risks can impact not just your operational efficiency but your company’s financial health. Without the right protection, a single incident can escalate from…
If you’re a truck driver or a logistics manager, you know that road safety is paramount. Trucks and heavy vehicles are an integral backbone of commerce, yet pose significant risk in the event of an accident. With an alarming number of road incidents involving heavy vehicles each year, it’s important to be across safe driving tips for truck drivers. As…
Cargo insurance is critical when it comes to the shipping and transportation industry. Given the risks associated with transporting goods, it makes sense that insurance plays such a huge role. But what does cargo insurance cover? You’re not alone in asking this. It can be difficult to know what you need in your policy and how to secure the right…
One of the most exciting industries to be involved in is the courier industry. It is experiencing high annual growth and many new start-ups are entering the field. It is also exciting because the courier industry is undergoing a technological revolution that is rapidly transforming all aspects of delivery services. 6 types of new technology in the courier industry 1.…
More than at any other time in history we are sending and receiving goods through freight services. At the same time, more than ever before items are being damaged, stolen, lost, misdelivered and delayed during transport. This waste presents a large financial burden on the industry, and that’s why freight insurance exists. Freight insurance isn’t free however so the sender,…
Even before there were business contracts as we know them now, the question of ‘who is responsible for the damage?’ regarding goods in transit was a well contested one. There are various factors that determine where liability falls in the event of damage or loss of goods in transit. Contractual obligations, determining when the goods officially change possession between buyer…
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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