Underinsurance is more common than you think. Industry figures show up to 62% of small-to-medium-sized businesses don’t have correct-value insurance. So, whether you’ve self-assessed or secured professional valuations for your business plant, equipment, and property, you might still be at risk of underinsurance. Here’s why: Your self-assessment might be wrong You’re insuring for the price you paid […]
Wouldn’t it be simpler and easier if you could insure your whole business with a single policy? There are two types of insurance that can do just that. This article will demystify industrial special risks insurance (known as ISR) and Business Pack Insurance, so you can consider which umbrella protection suits you best. ISR insurance […]
In an unpredictable business environment, such as during the COVID-19 pandemic, it can be difficult planning to eliminate, minimise or control risks to your operations. This article offers four types of insurance that can help you deal with uncertainty. Pandemic shutdowns Retail businesses owners, for example, might be on edge waiting for the next public […]
Storms account for 27% of the greatest losses to businesses of all disasters. So, how prepared are your operations for the next one? And they’re becoming more frequent and severe, according to a report by IAG in partnership with the US National Center for Atmospheric Research. Plus, cyclones are moving faster, meaning even less time to prepare for their […]
Sole traders’ biggest risks and how to insure for them Sole traders enjoy the “simplest and cheapest business structure”, according to the Australian Government Business Register. You’re in full control. You make the business decisions. The good news is you won’t have to pay a registration or annual fee to set up ‘shop’. It’s free to […]
