Phone: 0419 663 909 | 29A Armstrong Way, Highland Park, QLD
We are General business Insurance Brokers with over 60 years experience, Authorised Representatives of Resilium Insurance. We offer all classes and deal with all major insurers locally and overseas.
BUSINESS INSURANCE
Choosing the right business Insurance Policy is essential for protecting your company from various risks. Here are some steps to help you make an informed decision:
Assess Your Business Risks:
Identify the specific risks your business faces. Consider factors like industry, location, size, and operations.
Common risks include property damage, liability claims, employee injuries, and cyber threats.
Understand Legal Requirements:
Some insurance types are legally required. For example:
Workers' Compensation Insurance: Mandatory if you have employees.
Professional Liability Insurance: Required for certain professions (e.g., doctors, lawyers).
Research the legal obligations relevant to your business.
Evaluate Your Assets:
Consider your business assets, including property, equipment, inventory, and intellectual property.
Choose policies that cover these assets adequately.
Types of Business Insurance to Consider:
General Liability Insurance: Protects against third-party claims for bodily injury, property damage, or advertising injury.
Commercial Property Insurance: Covers physical assets (buildings, equipment, inventory) against damage or loss.
Business Interruption Insurance: Helps when your business operations are disrupted due to covered events.
Professional Liability (Errors and Omissions) Insurance: Essential for service-based businesses.
Cyber Liability Insurance: Guards against data breaches and cyberattacks.
Commercial Auto Insurance: Covers vehicles used for business purposes.
Product Liability Insurance: Relevant if you manufacture or sell products.
Employment Practices Liability Insurance: Protects against employee-related claims.
Commercial Umbrella Insurance: Extends coverage beyond other policies' limits.
Complete a Business Continuity Plan involving all your colleagues & staff - will save so much effort in the event of a major problem!
Work with an Insurance Broker:
Consult an experienced insurance broker or agent:
They can assess your needs, recommend suitable policies, and provide m....