Three types of liability insurance business owners need to consider

Three types of liability insurance business owners need to consider

This post discusses the different types of liablity insurances any business owner needs to consider carefully. It’s important to be aware of how the cover works for each and the risk that your business may be exposed to if there is no cover or insufficient cover. Three types of liability insurance that a business...
Business Interruption Insurance is essential, but often misunderstood

Business Interruption Insurance is essential, but often misunderstood

Many business owners neglect to consider Business Interruption Insurance. Those that do not have full business interruption insurance have less chance of surviving. Research suggests that the survival rate of a business without Business Interruption Insurance is less than 1 in 10. Protecting the business is more than simply insuring the physical assets. Owners, shareholders, investors, expect...
Is it crucial for your business to have Professional Indemnity Insurance?

Is it crucial for your business to have Professional Indemnity Insurance?

What is Professional Indemnity (PI) and who needs it? Whether you’re an accountant, an architect, or an allied health professional, you have a duty of care to clients. You must serve them with a reasonable degree of skill, competence and ability. Most often that is exactly what happens – but no-one is infallible and...
When did you last review your business insurance or risk management plan?

When did you last review your business insurance or risk management plan?

While successful businesses can grow quickly, growth presents some unexpected challenges, especially when it comes to managing risk. According to the ABS, over 90% of all Australian businesses are small to medium enterprises, employing over 40% of the workforce. Together, they generate 33% of Australia’s GDP. Australia is a nation of small business owners, over...
A powerful reminder that brokers work for you – not insurance companies

A powerful reminder that brokers work for you – not insurance companies

There are many benefits that can be gleaned from employing the services of an insurance broker. We know what you’re probably thinking: ‘You would say that, wouldn’t you, because you guys are brokers.’ That may be true. Every once in a while, however, a situation arises that perfectly demonstrates why using a broker can...