Business Insurance - what should every business consider
Running a business has a number of responsibilities and associated risks whether you are a sole trader or global enterprise. Business insurance can protect you against the financial damage of business risks giving you peace of mind to concentrate on growing your business.
In Australia, some insurances are compulsory - if you hire employees you must have workers compensation in accordance with each state regulations. Further to this some companies are required to have Public Liability Insurance to cover for third party death or injury and if you own a motor vehicle Third Party Insurance is also compulsory.
In addition to the compulsory insurances there is no ‘one size fits all’ solution. Insurance companies will often package different types of insurance together which is more economical than separate policies. You will want to protect aspects of your business such as:
Business income
Business assets
Customers
Employees
Business owners
As your broker, we have the expertise and will take the time to understand your business and source the most suitable insurance for your needs.
Some of the key insurance products we’ll look at include
Business Interruption Insurance
Technology and Cybercrime Insurance
Management Liability
Public & Product Liability
Motor Insurance
Property Insurance
We can also assist with speciality insurances such as Strata Insurance.
Contact us for a full business risk analysis and customised insurance package.