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,…
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…
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 prevalence of cyber attacks against businesses is only growing, and with it, the importance of cyber insurance is increasing. A cyber threat to a business can not only halt operations, lead to a loss of revenue and cost the company a large sum of money to get back up and running, but it can tarnish the reputation of the…
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…
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…
In an increasingly digital age, it should come as no surprise that cyber insurance has become an important consideration for the business community. This is particularly relevant in the current business climate with the increased cyber risks which have come from Covid-19 as the global pandemic has seen an increase in people working from home, a reliance on cloud based…
Covid-19 has had a significant impact on the business landscape and there have been ongoing implications regarding the emerging need to create working from home capabilities. Across business, the priority must be for businesses to take appropriate measures to ensure a secure environment. While Covid-19 has opened up new opportunities for businesses to become creative with working arrangements, it’s also…
Sending a parcel through a courier service is about more than just shipping – it’s also about placing your trust in a service to care for your valuables. Unfortunately, when the service isn’t up to standard, issues like lost parcels and damaged goods can happen. This is why it’s essential to know how to distinguish a reliable courier from…
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…
