All Australian jurisdictions have introduced strengthened work health and safety (WHS) regulations requiring employers to proactively manage psychosocial hazards. For engineering businesses these changes are highly relevant, as project-driven environments and technical workloads expose staff to a range of psychosocial risks. The reforms confirm that psychological health must be managed with the same discipline as…
In the world of engineering, precision and foresight are crucial. Yet when it comes to professional indemnity (PI) insurance, some engineers take a project-by-project approach – only purchasing coverage when required to secure a contract, and cancelling it once the project is complete. While this might seem like a cost-saving measure, the reality is that…
As EOFY approaches, engineers often review insurance at a high level. The risk is assuming your cover still matches your work and contracts.
Running an engineering business brings opportunity, but also risk. Professional indemnity insurance is essential, but so too are protections against cyber incidents and business disruption. Find out how the right cover safeguards your business.
Subcontracting offers flexibility, but it also increases responsibility and risk. In a soft insurance market, it’s tempting to focus on lower premiums, yet the wrong cover can leave your livelihood exposed. This article explores why the right insurance matters for subcontractors and how to safeguard your business in a shifting industry.
In just a few years, Australia’s insurance market has gone from one of the hardest in recent memory to one of the softest. Premiums are falling. Quotes are suddenly easy to come by. And a number of insurers who once pulled back from engineering risks are re-entering the market, looking to secure business they had not long ago declined to cover.
New risks for engineers as NSW rewrites proportionate liability rules. Legal changes in NSW mean engineers could face greater liability exposure. Learn what this means for your contracts, coverage and risk.
Why continuous professional indemnity insurance is essential for engineers In the world of engineering, precision and foresight are crucial. Yet, when it comes to professional indemnity (PI) insurance, some engineers take a project-by-project approach – only purchasing coverage when required to secure a contract, and cancelling it once the project is complete. While this might…
Unfortunately it’s not if but when a business will experience a cyber breach…which means it’s vital to be prepared before one happens. The first step for a small business experiencing a cyber breach is to enact its cyber security incident response plan. “If a cyber breach happens, don’t touch anything, call for help. Engage professionals…
Cybercrime shows no signs of slowing down in Australia. And while attacks on big business may hog the headlines, smaller enterprises are squarely in the sights of hackers and cyber criminals. The Federal Government’s online cybercrime reporting service, ReportCyber, received close to 94,000 reports in FY2023, according to the Australian Signals Directorate Cyber Threat Report….
