News & Insights

The local business insurance approach to meeting regional business needs

Published 28 October 2020

Gallagher Branch Manager for Wagga Wagga Caleb Richards wants to help build up the perception of insurance brokers to being comparable to lawyers or accountants, and he’s putting in the yards to do it. Here’s how he approaches providing value to his regional community.

caleb-richards“My branch culture is based around great relationships, business education and engagement with our clients,” Richards says. He also believes it’s important to be an all-rounder.

“The beauty and the challenge of a regional branch is the smaller populations require more diversity in a brokers capability because there’s not enough of any one type of business to continually grow as a specialist.”

His own broad areas of expertise encompass bulk dangerous goods (haulage of gas and aerosols), log harvesting and haulage, transport fleets, earthmovers/civil contractors, farm and cropping and electrical contractors. He also works with large multinational manufacturers, seed propagators, aquaculture farming, bulk fertiliser/grain and wool brokers.

“Some of the businesses I’ve built relationships with in my regional branch are globally listed entities for which we manage the local placement,” he adds.

Understanding what matters to local businesses

When he meets with local business owners Richards says he tries to focus on their key concerns: maintaining and growing their enterprises. He believes that a commercially oriented conversation sets up the right frame of mind for introducing the idea of contingency planning ‒ and that includes the role of insurance.

Rather than talking to them about insurance products he makes the discussion about risk management in their particular business. “This can be as simple as what a business would do if it was to burn down, through to understanding the exposure they might have from relying on a single client or one commercial market, and other external risk factors that they may not have transferred through having insurance.”

Insight into a business’s operations and the owner’s attitude to their risks provides a basis for thinking about how they’re going to manage them, and this is where a broker can show how they can help add value across the business. “Doing something like sorting out a business’s workers’ compensation demonstrates the diversity of support we offer for the business’s whole risk exposure,” he says.

Richards’s approach and effectiveness in meeting the needs of the businesses he deals with have won him recognition as the 2020 Insurance Business Awards Young Gun of the Year – International


Practical support builds community relationships

Community engagement is essential to regional success, Richards says. The branch has built strong relationships through recognising opportunities to provide added value for clients and businesses in the community by way of supporting the Wagga Wagga Business Chamber ethics awards and facilitating business education events with risk management insights.

Richards makes sure Gallagher is also involved with local sports clubs and, through his personal interest in music, has sat on the board of the Riverina Conservatorium of Music.

Being there when it counts is part of his mantra and this includes when a client has to make a claim. Richards still has a thank you card from a property owner he acted for earlier in his career, when her haystack caught fire from a lightning strike.

“I decided then that this gave me purpose for doing what I do day in day out and always going the extra mile for a client,” he says.

Get insurance advice for your business or community organisation

We are the chosen partner to more than 100,000 Australian businesses, from small businesses through to multinational corporations and iconic brands. 

Through our network of more than 30 regional and metropolitan branches across Australia, we understand local business communities because we are part of them ourselves.

Connect with an expert


Further reading

What 2020-21 budget provisions mean for your business

Find your local branch

Small business insurance

Top Underwriting Concerns for Cyber Insurance Renewals
Cyber | Webinar

Top Underwriting Concerns for Cyber Insurance Renewals

23 September 2021
DeepFake Technology: The Frightening Evolution of Social Engineering Schemes
Cyber | Webinar

DeepFake Technology: The Frightening Evolution of Social Engineering Schemes

23 September 2021
Construction contract works insurance ‒Victorian COVID-19 stop work orders
Construction | Article

Construction contract works insurance ‒Victorian COVID-19 stop work orders

22 September 2021