BCS Broking Insurance and Surety

When disruptions hit—whether from natural disasters, supply chain issues, or unexpected closures—Business Interruption Insurance can be the difference between bouncing back or falling behind. At BCS Broking, we help businesses plan for the unforeseen by ensuring their revenue, operations, and recovery timelines are protected. Because the unexpected shouldn’t mean the end of growth. Learn more about how Business Interruption Insurance can safeguard your business here: https://lnkd.in/gMwRr8nt #BusinessInterruption #RiskManagement #BCSBroking #BusinessContinuity #InsuranceSolutions

CreditorWatch’s latest insights highlight significant challenges on the horizon for Australian businesses, with the hospitality sector set to face the toughest conditions. Rising insolvency rates, declining consumer spending, and persistent economic pressures are creating a complex outlook as we move into the new year. Key takeaways include: 🔹Hospitality remains the most at-risk sector, with increasing defaults. 🔹Rising costs and weakened demand continue to strain small and medium businesses. 🔹Businesses across all industries need to stay proactive in managing cash flow and risk. This article offers valuable analysis on what to expect in 2025 and how businesses can prepare for the challenges ahead. Read the full report below. #BusinessInsights #EconomicOutlook #RiskManagement #CreditorWatch #AustralianBusinesses

Last week, our very own Andrew Sweeney and Andrew Michalopoulos attended the Business Southbank Christmas event at West End Electric. It was a fantastic evening filled with great company, festive cheer, and the opportunity to connect with others in the local business community. A big thank you to Business South Bank for hosting such a wonderful event to wrap up the year! #BCSBroking #BusinessSouthbank #ChristmasEvent #Networking #FestiveSeason

At BCS Broking, we understand that the construction industry faces unique risks. From project delays and contractor disputes to safety issues and regulatory compliance, the need for robust and flexible insurance coverage is critical. That's why we offer Bespoke Surety Bonds for construction businesses, providing the security you need to safeguard your projects and protect your assets. Whether you’re a contractor, subcontractor, or project owner, our tailored surety solutions ensure that you meet contract requirements, manage risk effectively, and stay financially secure through every stage of your project. Partner with BCS Broking to ensure your business is equipped with the right coverage. We work closely with you to understand your needs and offer a comprehensive range of insurance and bonding solutions that fit your business. Get in touch with us today to find out how we can support your construction business with the right coverage. #ConstructionInsurance #SuretyBonds #RiskManagement #BCSBroking #ConstructionIndustry #BusinessProtection

As extreme weather events become more frequent and intense, the cost of claims has more than doubled in the last five years. According to the latest Insurance Council of Australia report, insurers have paid an average of $4.5 billion annually for extreme weather claims, with flood-related claims driving the bulk of the increase. With the impact of events like Cyclone Jasper and the Christmas storms, businesses and communities are facing heightened exposure to natural perils. This trend highlights the growing importance of comprehensive risk management and the need for insurance solutions that can help mitigate these escalating threats. At BCS Broking, we’re committed to helping businesses understand and manage these evolving risks. As the cost of extreme weather continues to rise, ensuring that your business has the right coverage in place has never been more crucial. Read the full article below for an in-depth look at the impact of extreme weather on the insurance industry and how businesses can prepare for the future. #InsuranceRisk #ExtremeWeather #FloodRisk #ClimateChange #RiskManagement #BCSBroking #BusinessProtection

Andrew Sweeney from BCS had the pleasure of attending the Queensland Leaders Christmas Party at the iconic Cricketers Club, offering stunning views of the Gabba Oval. It was a fantastic event, with great company and plenty of festive cheer to celebrate the season. A special mention to the cricket pitch – it’s looking super green in anticipation of next week’s Test match! 🏏

Last week, Shane Stewart from BCS had the opportunity to attend LifeFlight’s End-of-Year Tour and Morning Tea at their Archerfield Base. It was inspiring to hear firsthand about the incredible work LifeFlight does in the community, including their efforts to help over 7,600 people in 2024 alone. The event featured insightful speakers, including LifeFlight’s Chief Medical Officer and former patient Nick Hayes. LifeFlight continues to be a leader in aeromedical care, saving lives every 64 minutes, and BCS is proud to support such a vital organisation. Many thanks to Shaelene H. and the LifeFlight team for organising such a motivational event. #LifeFlight #BCSBroking #HealthcareInnovation #AeroMedicalCare #LifesavingWork

The landscape of Directors and Officers (D&O) liability insurance is shifting in response to emerging risks and changing market conditions. In a recent article by Anthony Tatulli, Head of Executive and Professional Lines at Berkshire Hathaway Specialty Insurance, key trends are highlighted that are shaping the future of D&O coverage. As companies face increasing challenges—ranging from bankruptcy-related claims to emerging risks like AI and cybersecurity—insurers are adapting their strategies. Short-term market stability may be counterbalanced by long-term rate increases, and evolving buying patterns suggest a growing focus on tailored coverage solutions. Understanding these trends is essential for businesses seeking to navigate today’s complex risk environment. While the article provides an external perspective, the insights are invaluable for anyone involved in managing business risks or involved in corporate governance. We recommend reading the full article for a deeper dive into the current state and outlook of the D&O insurance market. #ExecutiveRisk #InsuranceTrends #RiskManagement #BusinessStrategy #BCSBroking #EmergingRisks

Last week, our very own Andrew Sweeney had the privilege of graduating at the Queensland Leaders Forum. It was a fantastic event marking the end of the 2024 series, and we couldn't be more proud to see Andrew alongside the Future Leader and Executive Leaders Members. The event featured an insightful keynote address from the Hon. Steve Minnikin MP, Minister for Customer Services and Open Data, and Minister for Small and Family Business. We're thrilled that Andrew was able to participate in such a prestigious event and look forward to the exciting opportunities that lie ahead for him and the team. Thank you to Queensland Leaders for an unforgettable experience, and here's to an even brighter 2025! #BCSBroking #Leadership #QueenslandLeaders #FutureLeader #ExecutiveLeadership #Insurance #Surety

As the affordability crisis in insurance persists, this article explores the challenges insurers face when rate increases are no longer a sustainable growth strategy. It’s a critical conversation about balancing market pressures and customer needs, offering insights that resonate deeply with the current state of the industry. At BCS, we understand the importance of innovative solutions to navigate these complexities and ensure value for all stakeholders.