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Mitigating risk with Trade Credit Insurance Insolvencies in the Australian construction industry jumped almost 40 percent in the 3 months to December 2021 when compared to the September period, with construction making up about a quarter of insolvencies across Australia. Businesses in the industry are struggling with not only a stretch in supply chains and labour, but also the increase in the cost of materials and wages. In this blog we explore why businesses are struggling and how to mitigate risk of insolvency with trade credit insurance. Causes of insolvency in construction There are a number of reasons construction businesses...

  The next 12 months will be a defining period for Western Australia, as the nation’s most isolated state faces significant challenges and looks forward to new opportunities. T The last two years have been challenging across Australia, with COVID-19 wreaking havoc on business finances across the global economy. However, WA’s economic activity and geographical location have provided much-needed insulation, with economic foundations remaining strong as the state emerges into a brave new world. Let’s take a look at the economic outlook for WA in 2022 and answer some of the questions that will define the next 12 months and...