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
- 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
For a full business risk analysis and customised insurance package, visit our dedicated business insurance page to request a quote.