Assessing risk is crucial for any business to ensure long-term success and sustainability. Here are some steps businesses can follow to perform effective risk assessments. Identify Risks Analyse Risks Prioritise Risks Mitigation Strategies Develop plans to reduce, eliminate, or manage risks. For example: Monitor and Review Use Tools and Resources Integrate Risk Management into Decision-Making
Construction insurance has come a long way from its modest beginnings, evolving to meet the demands of a rapidly advancing and high-risk industry. As construction projects grow larger and more complex, the need for specialised insurance solutions has become paramount. This article explores the history, development, and current trends in construction insurance, highlighting how the…
The Housing Industry Association (HIA) has released its forecast for new dwelling starts in New South Wales (NSW) for the year 2025. With the construction industry facing various economic, regulatory, and market challenges, the HIA’s forecast provides valuable insights into the expected growth and trends in new housing projects. This article delves into the key…