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Insights on Risk and Insurance

Industry updates, regulatory changes, and expert perspectives on managing business risk.

19 Nov 2020

Business Interruption Insurance – How a Business Insurance Broker can Help

Business interruption insurance is designed to indemnify a business for financial loss sustained because of agreed events. The name of the insurance can be misleading; it’s not designed to cover all interruptions to business, only the consequential loss from an

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28 Oct 2020

3 min read

Cyber Security Strategy

In recent years Cybersecurity risks have become more prominent in the minds of business owners. The World events of 2020 have only exacerbated this risk with the swift changes that were made to the working conditions of employees in all

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10 Sep 2020

4 min read

The impact of Climate Change

IAG and the US-based National Center for Atmospheric Research (NCAR) have released the second edition of the Severe Weather in a Changing Climate report. The updated report incorporates new research and feedback from the scientific community and reinforces that extreme

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14 Aug 2020

3 min read

Flammable Liquid Risks

Flammable liquids are one of the largest groups of hazardous materials. Vapours are invisible, they spread quickly and ignite easily, causing an explosion/fire that includes rapid flame spread and is extremely difficult to extinguish. While substituting with non-flammable alternatives is

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21 Jul 2020

4 min read

Risky Business: A risky year for directors and officers

Directors and officers are required to adhere to a raft of rules and legislation when operating a business, including corporate and prudential; work, health and safety; environmental; copyright; and customs. The direct impacts of the 2020 bushfires and Covid-19, as

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21 Apr 2020

2 min read

Impacted by bushfires? Take our six simple steps in making a property claim

Bushfires have an immediate and ongoing devastating impact on many communities, be they directly hit by fire or indirectly affected. Insurance has its role to play and we’ve seen a number of insurers setting up emergency response procedures. We anticipate

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20 Apr 2020

2 min read

Four tips for claiming business interruption insurance

The bushfire crisis of Australia’s summer of 2019/2020 had severe impacts on businesses in fire zones and surrounding regions. The tourism business sector alone experienced losses said to be in “the hundreds of millions of dollars”. Tourists evacuated in droves,

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18 Apr 2020

2 min read

Pandemics and travel insurance – are you covered?

The global public health emergency seeking to stop the spread of the coronavirus, officially referred to as COVID-19, is currently the front and centre concern of the World Health Organisation and governments around the world. If your 2020 new year

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As all businesses operate in an uncertain world, Barrack Broking is dedicated to delivering strategy, ideas and certainty to protect your business.