Personalised Insurance Services
Insurance for your business is important to cover you for unexpected events. The right insurances help you mitigate those large risks in the business that could be catastrophic if an event transpires
Without the appropriate insurance you may be unable to trade or have large out of pocket expenses, which could result in you having to close your business.
We can assist you tailor insurance options according to the risks associated with your business activities. It is so important that your insurance adequately covers your business activities (so that your policy is not void).
Insurance can be divided into protection for four main categories:
- Assets and revenue insurance.
- Liability insurance.
- Personal and workers insurance.
Assets and Revenue Insurance
This insurance category covers the loss, damage or theft of your business assets or revenue. Some typical cover types include:
- Building and contents.
- Glass breakage.
- Motor vehicle.
- Fire and other damage.
- Equipment breakdown.
- Goods in transit.
- Fraud and dishonesty.
- Business interruption.
You may be responsible for damages or injuries to another person or property caused by your business activities. You can get liability insurance to minimise the impact to your business. Some typical cover includes:
- Public liability.
- Professional indemnity.
- Products liability.
Personal and Workers Insurance
It is important to ensure you have insurance to cover the costs of an unexpected illness, injury or accident including:
- Workers’ compensation insurance – this is mandatory when employing staff.
- Personal accident, illness and life insurance.
- Income protection insurance.
If you are a sole trader or partner you are not covered by workers’ compensation insurance. In the event of an illness or accident you may not be able to work and earn an income. Insurance is strongly recommended to cover you in this circumstance.