Tag Archives: Business Insurance

Business Insurance for all types of Australian Business

Disaster Management

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Disaster Management

 

A disaster management plan is a key element of any business plan and is often missing in plans we review for clients

A little over 12 months ago we sat in our Toowoomba office and watched dumbfounded as heavy rains, became floods and then became life threatening -

Our office in the CBD, lost power, internet and sewerage and was not usable for a period of 2 weeks

Fortunately we were able to enact our emergency plan and relocate the office to our home kitchen table. Our VOIP phone system only needed internet access and offsite data storage of client files (in Melbourne) meant we were functioning normally from a client perspective the very next morning.

From there we ran our business watching the news, seeing clients and most importantly ringing them and ensuring they were ok and not in need of any distress related help.

 How would you disaster proof your business?

 

What could happen – A tradesman could have all of their tools stolen.What is the recovery plan? Do you have a list of all the critical items for business functionality say for the event of a fire and is it stored off site? Could it be stored on a smart phone?

A major insurance broker in the Brisbane CBD had client records and servers located in the basement. While this seemed secure, the floods of last year meant clients records were unable to be referred to for a period of over one month – How would your clients handle that ??

Risk disaster management plans like any business plans need to be structured and the best ones are simple.

 Who? What?  Where?  When? Why?

 

The classic questions that give the answers to just about anything

Analyse your risks in a systematic manner, create solutions and prepare for the worse.

Insurance alone is not always the answer – for example while an insurance company may offer replacement of a broken item, coverage for the 8 week delay for the part coming from Europe is often overlooked –

 Can you afford to not produce your products for an extended time?

 

If it’s critical and could happen and you cant afford to be without… Insure it!

http://www.webinsure.com.au/insurance/business-insurance/

PLEASE CONTACT ME REGARDING MY INSURANCE

 

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Business Insurance

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Business Insurance

Business Insurance packages are tailored to your industry, business scale and scope. We understand that no two business insurance are the same and that they all don’t fit with the one insurer. Many times we need to tailor the cover by mixing policies from different business insurers to achieve the optimum cover for you in both price and features. In the business insurance package section we can offer you:

  • Public liability Insurance
  • Insurance for Accidental damage or defined events like Fire, storm, or malicious damage to your buildings and stock in trade
  • Glass breakage Insurance
  • After a major claim we also can back you up with loss of profits or consequential loss insurance
  • We offer business insurance cover for specified items like mobile phones and laptops or employees tools and personal items
  • Personal accident and illness or Income Protection
  • Life cover
  • Keyman Insurance
  • Business Partnership insurance

We also offer the convenience of pay-by-the-month insurance, to help with your cash flow. With a range of premium funding companies, we can also arrange payment for Work Cover and other statutory payments such as Liquor Licences.

Can my business be covered?

Most business can have an indicative insurance quotation within 48 hours however we may need to obtain quotations from several insurance sources and this may delay the process. Occasionally due to the high risk nature of a business insurance – explosives manufacturers, vehicle importers – we need to apply to overseas insurers as the covers may not be readily available inside of Australia, in this case the lead time to obtain quotes can be as long as 30 days.

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