INSURANCE NEWS

The Risks of Underinsuring Your Business

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 […]

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Insuring your whole business? Is that even possible?

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 […]

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Is your business waterproof? Here’s your storm preparation checklist

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 […]

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Sole traders’ biggest risks and how to insure for them

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 […]

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