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.
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.
There’s a lot to like about starting and running your own engineering business, including freedom and flexibility. As your own boss, you have the freedom to set your own schedule, giving you control over your working hours…and your income. You can strategically book clients to increase your earnings, or prioritise downtime by accepting fewer jobs….
Engineering is a highly specialised and complex industry, more so than ever in today’s increasingly regulated environment Any company or individual providing professional advice or services that can significantly impact clients’ lives and businesses – including engineers, consultants, builders and designers – are at risk of claims related to breaches of professional duty. This means…
22 February, 2018 saw the Australian Government enact the Notifiable Data Breaches (NDB) scheme, requiring any organisation affected by a serious data breach to notify all individuals whose information may have been compromised. Non-compliance may result in heavy fines and penalties being imposed on both businesses and individual directors. This article covers the full impact…
A simple risk register could prevent potentially catastrophic outcomes. What is a Risk Register? A Risk Register is a central repository listing all potential risks associated with either operating your business generally, or undertaking an individual project. This master document not only lists potential risks, but grades them according to their likelihood of occurrence and…
