We consider ourselves a partner in the unique risk assessment and management needs of your industry, from SME’s (small to medium enterprises) to large corporations. If required we can also provide services in respect of quantity surveyors, valuers, and risk managers (for implementation of O. H + S Programs).
What is Business Insurance?
A business takes years to build - but an accident or disaster could destroy it all in minutes. That’s why businesses should help protect themselves with a quality business insurance pack. With the right cover in place, owners can run their business with confidence, knowing that their premises, stock, equipment and reputation are protected by insurance.
Who should consider it?
Business owners can benefit from taking out an affordable and comprehensive business insurance pack to help protect them against the main risks involved in running a business. “Having the right insurance will help protect your business and minimise its exposure to risk. This may include insuring your business, your income and your commercial risk.”
What can it cover?
Business insurance packs can offer general protection for a business, which may include cover against;
Property damage - Repair or replacement of property damaged
Business interruption - Loss of trading profit following insured damage to property and additional costs and expenses incurred during a claim
Theft - Repair or replacement of property stolen
Money - Loss of money
Public or Products Liability - Your liability to pay compensation for personal injury and property damage as well as the costs involved in defending a claim triggered by the policy
Glass - For replacing glass inside or outside your premises, including your shopfront windows, mirrors or display cases
Transit - For stock that is in transit on the road, in the air or by sea
Electronic equipment breakdown - For repairing or replacing electronic equipment that breaks down
Machinery breakdown - Cover for costs associated with machinery breakdown
General property - To cover your tools of trade, including laptops and tools that you use for your profession or trade
Tax Audit - To cover the costs of being audited by the ATO
Employee Dishonesty - Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance
What usually isn’t covered?
Exclusions, and the excess you need to pay and limits of liability can vary greatly depending on your insurer and the requirements of your business.
A product disclosure statement (PDS) is available from us. You should consider the PDS in deciding whether to acquire, or continue to hold, business insurance.
Our Business Insurance Options
A business takes years to build - but an accident or disaster could destroy it all in minutes. That’s why businesses should help protect themselves with a quality business insurance pack.
If your business suffered an unexpected disruption, such as a fire, flood or storm, or a major supplier closes because of one of these events, how long would it take to get it up.
Like home insurance, landlord insurance can cover your rental property and its contents against risks like storms, floods and fire. It can also cover the damage that tenants can cause.
When you’re running a business, you may be personally liable for any actual or alleged breaches of the Corporations Act. And it’s not just large companies that are exposed - small and medium business owners and officers could be at risk as well.
Anyone can make a mistake - but if your business if found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business’ hard earned reputation may be damaged as a result.
If an accident or unforeseeable incident causes damage or injury to someone (other than your employees), you may be found legally liable to cover the costs. Public liability insurance can help to protect your business from the financial risk of liability claims - giving you the certainty you need to trade with confidence.
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Did you know that what is actually covered can vary considerably between insurers? Often with exclusions or high excess payments that you may not be aware of. You need a broker who can assess your individual situation, offer the right insurance and explain precisely what is and isn’t covered.
It's easy to pay too much for insurance, but it's just as easy to pay too little then find out too late that you're not covered. There's a lot of flashy online insurance calculators out there but they focus only on price. Talk to Tudor and you talk to a real person who knows the what level of cover should be recommended and who will personally help you with a claim.
Working for you.