Business Cost Cover

Business cost insurance cover can be purchased as a stand alone policy or as an additional insurance within an income protection policy. The payment is designed to assist to cover fixed expenditure for a limited time, generally for one year. The idea behind this type of insurance is to assist the business to continue in the event of an illness or injury to the business owner or key person.

Claim Treatment

If a claim was to be triggered the payments from the Business cost cover, can mean the difference of this business closing or staying operative and keeping the staff employed.

Business Cost insurance for your business

It provides you the ability to cater for the unknown, still knowing that you’ve got a way to keep the business running if you are unable to engage.

Business cost insurance premiums are generally tax deductible – making business cover even more affordable

Business costs insurance covers your determined business costs, as a monthly compensation, therefore you’ll concentrate on your recovery – and not your bills!

It includes:

• office rent or fees and interest on your property loan
• leases on cars, instrumentation or machinery
• insurance and security prices
• bills - like utilities
• salaries and workers superannuation

costs to assist out whereas you concentrate on recovering

WebInsure - Business Grade Insurance Advisors

Home flood insurance: Determining risks and ways to choose it.

In each year natural calamities cost Australia billions of dollars. The total economic costs are sky-rocketing and a significant proportion of these costs are directly related to flooding. This is why flood insurance is vital and such insurance will secure your property, because sometimes flood can be devastating in nature.

Flood insurance is different

Flood insurance options are different from the typical homeowner’s insurance. It is offered by some specific insurance companies and it has its own rules and regulations. Home flood insurance provides special coverage that secures your home as well as other properties from rising waters. Additionally, this type of insurance covers the cost incurred to save your house by sandbagging as well as cover expenses at post flood period that includes removal of waste material.

Good News

It is good news for you that flood insurance for your house is not too much costly. Homeowners whose home is situated in moderate risk areas could be considered for Preferred Risk Policy which is a low cost option. This policy helps homeowners to secure their house from the devastating effect of flood. However, to some extent the cost of this type of insurance depends upon the type of the policy you buy. There are two types to consider, such as actual cash value (Indemnity) insurance and replacement cost insurance. In case of cash value (Indemnity)insurance your property and home will be replaced after deducting the depreciation value. In contrast replacement cost insurance rebuilds your house as it was before the flood damage.

Home flood insurance is a must

Home flood insurance is a must need for the people who live in flood prone areas. Australian government has selected some areas which are in close proximity to oceans and main rivers and are treated as dangerous flooding zones. Flood insurance is only optional for those individuals who live away from these areas. However, it is always a wise decision to purchase a policy if your home is situated at heavy rainfall areas or snow melting areas. The point to be noted here you have to determine the risk of your home by yourself. There are some methods to do this

• Flood maps are available for some Australian communities that primarily focus on rivers and creeks.
• In many regional areas, Australian governments and other agencies have studied, analyzed and modelled the risks by producing flood maps showing areas of inundation for 1:100 year flood events. They will all classically focus on highlighting geographic areas generally referred to as “flood zones.” History shows approximately 80 percent of all flood loss occurs within these areas.
• In Australia flood mapping is typically the remit of your Local Council or a floodplain management authority. In determining if there is a flood risk to your property consumers should approach the Local Council or floodplain management authority and ask if your property is known to be affected by flooding.
• Consumers should be aware that many factors can influence the accuracy of flood mapping including building development, road works, new agricultural growth, changes to river & creek catchments as well as changes to drainage and sewer arrangements for your area. Frequent re-familiarisation of the risks through engagement with your local council or floodplain management authority is essential. (http://carinsurance.arrivealive.co.za/what-is-flood-insurance-in-australia.php)

Now that you know the risk of your own home it is time to select the best flood insurance to secure your home. To win the best deal at first you must do some research with the help of the internet and know about different insurance companies. Always remember to check the company profile. Along with the company profile you should get some additional information such as their rates and fees for the insurance policy. When you have got the rates of at least three companies you are in a position to do a comparison between their rates, additional charges as well as provided perks. Finally, you could contact with an insurance broker and seek help from them. A qualified broker can help you with numerous quotes from different companies. From those they could easily select one for you.

Save your Home

Flood insurance will definitely save your home. There is no need to worry about the source of fund for mending purpose of your house after the flood if you have a policy. Therefore, it is essential to foresee the future and purchase a home flood insurance right at this moment.

Important Note:

The above is intended as general information only and does not take into account the individual readers’ financial
circumstances, needs or objectives. You should consult a Webinsure Advisor before taking any action based on this information.

WebInsure® is owned by WebInsure Pty Ltd as trustee for the Fiscal Friends Trust.

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Two Paths In Life You Have To Choose

Two Paths In Life - As we go further into financial planning, there are certainly a number of things that people have to consider in managing their finances not just for the present, but for the eventual future. As the progression of life continues with a number of significant life events, may it be positive or negative depending on one’s interpretation, the one thing that can mean the difference between financial responsibility and disaster is life insurance. With life insurance, people can be provided with a guarantee of protection during their critical working years, and at the same time a fulfilling reward once Superannuation or other investments reach maturity  to achieve a certain need, goal or dream for one’s self and the family.

 Two Paths

Going through life, there will be two paths wherein life insurance can protect both of them. With the definite shield that gives you a peace of mind financially, life insurance can protect you from either dying too soon, or living too long. Life Insurance for pre -retirement and the Lifetime Annuity for retirement

 Dying Too Soon

The concept of dying too soon is that your life will be taken away without even a short notice. A horrible accident might take place, a diagnosis of a terminal illness might occur, or even an untimely end of your life of any reason whatsoever would not just give psychological and emotional implications over your surviving family members, but also financial. Without adequate life insurance to cover you from an inevitable event like this, your family will have to succumb to what you have left that can be a burden. When you leave behind a substantial amount of outstanding debt, coupled with mortgages and loans that take an eternity to pay up when you die, not to mention the hospitalization expenses that have not been paid should you be admitted before your death, your family is bound to be in a financial disaster that could affect their standard of living. Anything can simply happen to you right now, whether you are just at home, at work or on vacation. What matters more is how you and your family are going to respond should something happen to you.

 Life Insurance Provides

Another highlight that life insurance provides is the ability to protect you from living too long. The situation facing most people in this stage is that whether they would still have more money by the time they decide to retire and enjoying the years past their prime. Unfortunately, only a few people are able to enjoy such retirement because of the wealth that they have accumulated during their working years. When you start getting older up to the point when you lean towards retirement, your life insurance policy may not be of much significance now as your children may be grown up by then and they have financial responsibilities of their own.

Financial Storm

The road to financial security and prosperity starts with the foundation – protection with life insurance. No matter what stage you are right now, there is no denying that safeguarding you from any financial storm is the priority. Everyone ought to choose two paths in life, but it is still important to bring your shield with you in both of them.

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Safeguard Your Income

Imagine yourself feeling good going to work one day, just as you have always been. Then all of a sudden, your supervisor comes to you to inform you of a routine check-up that you have to undergo today. So you go to this clinic, and after several tests done, you have been ruled out to have cancer.  With the corresponding treatment regimens being suggested to you, you cannot help but reflect about your future, personally and professionally. You needed to have safeguard your income with an insurance plan.

critical illness

Have you loved your current occupation so much, that with a tiny mishap or a diagnosis of a critical illness, your only source of income had to be given up for such unforeseen event? What would happen to your future? How about your family’s future?

No matter where we work, no matter what we do, all of us are wide open to the possibility of any physical risk. What is important to us is that we minimize, or even better eliminate these factors. However, despite the probability, we can somehow get stricken by such, through illnesses and accidents, and they make us get up one day and realize that we are physically unfit to work. With this unlikely circumstance, we tend to miss our work for an indefinite period of time, and in the process we do not get any money flowing into us because of missed time.

Of course, we do not want such event to happen, but we cannot just respond to such experience by sitting there and getting treated without anything in return for the long absence. Safeguard your income will be a valuable priority in this occurrence. With an income protection and trauma insurance plan, you are guaranteed to be protected financially when something happens to you that can hinder you from getting up in bed and going to work.

 salary continuance

Also known as a salary continuance, the income protection benefit substitutes as much as 75% of your salary on a monthly basis if you are physically incapable of work due to an accident or an illness. This coverage is intended to cover the monthly expenses necessary for you while being unable to go to your job. Two types constitute this cover. The agreed value refers to the amount arranged at the time when you decide to take from the policy, while the indemnity value depends on your income at the time of the claim.

 Trauma cover

Trauma cover, on the other hand, provides a lump sum benefit whenever you are diagnosed with a specific injury or a critical illness like a stroke or cancer. Apparently, costs of health care may not always be covered if you have a private health insurance, and getting advice to rest for a period of time to build up your strength may be required, in the process giving up more work days off and you need a replacement for lost income.

Choosing the right plan for the protection of your income while employed will all depend on your capability to save up for such plan, and the benefits that you can get once an illness or accident takes place such as safeguard your income. As always, it is highly recommended to consult your financial advisor about your plans and make sure to get one as soon as possible. Remember, you can’t get one when you need it the most.

Please contact me ASAP

WebInsure - Business Grade Insurance Advisors

Construction insurance coverage and its types

Construction insurance coverage - Operating a construction site is  breath taking work. Construction risks includes workers, heavy machinery, hollow blocks, steel rods and many more hazards.

In the construction industry severe injuries as well as death of workers are a common phenomenon. Along with that damage of the property is another inevitable issue. So if you are engaged in any construction business it is vital that you have active construction insurance and you know the construction insurance coverage very well. It will protect you from most liabilities that may arise from construction .

wide variety of coverage

Frankly speaking construction insurance has a wide variety of coverage areas. However, there are four basic types and the most common coverage areas that construction insurance concentrates on. Let’s discuss about these in brief.

public liability insurance

The first area for coverage is public liability insurance. This type of insurance gives you protection in case of your employee causes a physical injury or fatality to a third party or an outsider. For example, while working, if your employee drops a piece of brick and the brick hits a pedestrian then it is a case of public liability. Public liability insurance sometimes may cause serious loss of money to your business. Public liability insurance policy aids you to adjust the claim.

Employment Liability

Second area of coverage is employers’ liability insurance that covers you from the claim made by your employees. If any of your employer gets hurt while working in your construction site then it is a case of employees’ liability insurance. For example, if a worker falls from a skyscraper while working and hurts himself seriously then it falls under this coverage.

contractors all risks

Third coverage area is known as contractors all risks insurance and it is specially designed for construction industry. This coverage offers support for construction of new buildings, robbery of construction materials, damage to the construction tools due to natural calamities.

Personal Accident

Fourth and final construction insurance coverage area is personal accident which is sometimes also known as accident insurance. This coverage will definitely allow you to income in case you become unable to work due to an unexpected accident. For instance, if you are carpenter and you are unable to work for several months due to injury in your hand then personal accident insurance will provide you some money in order to meet your basic financial needs. Obviously, it is not a replacement for your full time earning but it will certainly reduce some of your financial burdens.

Now that you know the coverage area of construction insurance it is time to know some types of construction insurance that are offered in Australia.

Contract works insurance

Contract works insurance: For those people who are operating in building and construction business this type is a broad policy. Contract works may cover construction of commercial, industrial as well as residential structures, legal liability to outsiders who suffer from personal injury due to insured’s negligence.

Commercial defects 

Commercial defects: This policy covers the legal liability for claims made against you during the period of insurance for acts, errors, and omissions of the builder resulting in a structural defect.

Professional indemnity 

Professional indemnity: Professional Indemnity Insurance covers the legal liability resulting from professional negligence, error or omission while conducting your business as a professional. In case of construction industry professional indemnity is essential.

Because mishaps are common in the case of construction sites, construction insurance is obviously a wise choice. You can make your construction work very secure and safe with the help of construction insurance. In order to do that, you have to have deep knowledge about construction insurance coverage and different types of construction available in your region.

Our brokers are only to happy to help

WebInsure - Business Grade Insurance Advisors

Financial Planning Starts With Protection

Financial planning starts with protection – Who are the most important people in your life? Can you identify those people who have been there for you the whole time, through ups and downs, and through defeats and successes? These are the people you should be thankful for – your family.

There can be no doubt that they will always be there for you. But what if the unthinkable happens to you and you end up seeing your family struggle not just physically and emotionally, but financially as well?

Apparently, most people are unaware that protecting one’s own life is not just a benefit for themselves, but for their own families as well. No matter how much we try to plan about our finances – how much we are going to allocate for a child’s education, how much would be needed to serve as emergency fund, how much for vacations, etc. – the best way to make sure these dreams and goals come to reality is through protecting them all. All Financial Planning should start with protection. The best way to protect your finances is through life insurance.

The concept of life insurance

The concept of life insurance is simple – for a specified amount of contribution to a life insurance company, you are covered with a specified amount determined by both you and the financial advisor in the hope that it protects the hard-earned income you have for your dependants and the money you need for a certain need. Just imagine taking your morning walk around the neighbourhood and you always tend to pass by a house where a very dangerous, unleashed dog is waiting to eat you up. Without a stick or a device that can drive the creature away, your chances of coming home with your hands and feet intact are slim.

That stick or device in your hand serves your life insurance. Once the dog, represented by a diagnosis of a critical illness, an accident, or your untimely death, comes to you with it, your family is saved from the financial burden that comes with these unforeseen events. It also protects your savings and investments along the way as you look to build wealth in the hope of achieving a dream for yourself and your family. Life insurance is not just a protection against and ill-timed death, but it also promotes a life that is worth enjoying, knowing the financial safety and security features it has.

Types of life insurance 

There are several types of life insurance. There is the older style whole of life, wherein you are covered for life, though most of the time you are covered up to age 99; if you live until 99, the amount declared in your insurance policy will be given straight to you. There are those plans which you are covered for only a specific period, like five or ten years, and there are those that can act as investment vehicles which grow your funds, and at the same time gives you protection with the plan.

Appropriate Insurance plan

Choosing an appropriate insurance plan for you may not be that easy, but you have to make that decision to protect yourself and your family from any danger that could come along the way. Awarding yourself with life insurance can assure your family that they are taken care of financially whatever happens. Sit down with a qualified financial advisor who would be willing to help you out protect your financial planning and prepare for a bright future in achieving the goals you need in life.

WebInsure - Business Grade Insurance Advisors

Business insurance tools and types

A Business insurance plan is a must for all large, medium as well as small business owners. Business Insurance tools are available these days that help all parties adopt the best outcome. A good decision has to be made while choosing an appropriate business insurance plan. For every business owner it is a great concern to decide the suitable plan that would be ideal for them and that will protect them constantly from any types of associated business risks.

Prior to purchasing a business insurance plan you would certainly look around for business insurance tools that can aid you to identify a good plan to protect your business. Let’s discuss it in brief.

The very first tool you will need to identify a business insurance plan is in consultation with an Insurance Brokers – these trained professionals act in your best interests and are able to provide the necessary products to satisfy all of your insurance needs.

The broker has access to several comparison tools. The good news is that almost all the insurance brokers will provide you comparison tools so that you are able to understand the cost and features of the selected plan. Additionally, there are some comparison tools that can contrast savings, discounts as well as other benefits of the chosen plan.

Furthermore you will feel the necessity of some financial advices from the professionals in order to gain some confidence that you have made the right choice. In Australia most of the insurance providers and insurance agents offer cost free financial advice to their clients. In order to seek financial advice from those professionals you just need to press hotline number or you can email them as well. To provide you further convenience insurance websites give detailed information in the form of FAQ or frequently asked questions as well as informative articles.

Now that you have all the business insurance tools you need to know the types of insurance business available in Australia. There are basically three broad categories of insurance plan required to secure your business. These are Liabilities insurance, Assets insurance, and Income insurance. (www.sa.gov.au)

Liability insurance

Liability insurance furthermore can be classified in to a couple of sub-division.

• Worker’s compensation: Approved insurance provider must cover accident as well as sickness insurance for employees. The Workers Rehabilitation and Compensation Scheme in South Australia provide employee access to professional healthcare, claims management and financial support for workplace injury. Additional entitlements under this scheme include weekly payments of income maintenance, returning to work, redemption lump sum payment, medical and associated expenses etc.
• Liabilities to customers or the public: These sorts of liabilities usually arise from continuous operation of the business, from supplied and sold goods as well as from professional negligence. Always keep in mind that public liability insurance is a must for all businesses. (www.sa.gov.au)

Assets insurance

The second broad category is Assets insurance. Asset insurance has many forms and all are designed distinctively to satisfy your specific needs. Types of asset insurance include:

• Building and content: Secure you from losses as a result of fire, storm, theft and malicious damage.
• Cash: It includes loss of hard earned money on the business premises.
• Machinery breakdown
• Motor vehicles
• Glass: It is suitable for tenants to secure plate glasses in case of leased property.
• Computer damage (www.sa.gov.au)

Income insurance

The third and final category is Income insurance. Covered areas under this insurance include

• Personal sickness or accident of the business owner
• Loss of profits or revenue
• Partnership insurance
• Life assurance and superannuation
• Key person insurance. (www.sa.gov.au)

There is no doubt that business insurance will save you from out of your own pocket expense. Therefore, every business owner must concentrate on and invest some time while choosing a business insurance plan. When you know about useful business insurance tools and the types of business insurance it would be very easy for your broker to find the best deal for your business.

WebInsure - Business Grade Insurance Advisors

Child Health Insurance

A lot of people think of Child Health Insurance as a “necessary evil” and hence they cannot foresee the gift of “choice” that it will give them in the event of a major health crisis in their family.

 added family stresses

As a mother, my heart goes out to the families of small children stricken with serious illnesses such as cancer and leukaemia. Apart from the grief and distress that everyone suffers, there are added family stresses such as running the family home or business with one (or both) parent(s) absent, paying untold extra money for urgent & lifesaving medical treatments, extra accommodation, travel and possibly the loss of one of both incomes while that parent is caring for the sick child. Child health can be financially and emotionally catastrophic for families to deal with.

 Child Trauma Insurance

There is however, an affordable option out there to help protect families from this sort of crisis. It is called Child Trauma Insurance (sometimes called Critical Care Cover) and can be simply added to a Parent’s Trauma Policy. It is usually available for children aged between 2 and 18 years of age.

 up to $30,000 for free

Some Insurers offer up to $30,000 for free, or others charge up to $4  per every $10,000 worth of cover. Whichever policy you look at, it is still cheap and affordable cover that will help you with the challenges of severe child illness.

 How much child health insurance do you need?

There is no definitive answer to this question but I use, as a “rule of thumb”, the amount equivalent to the most likely parent carer’s income or the cost to replace that parent in the home and/or work. This is definitely something you should discuss with your Webinsure Financial Advisor. Insurance Policy offerings vary and matching these to your specific needs is something of value that our experienced Advisors can work out with you.

 If YOU don’t have Trauma Insurance, then maybe you should consider it for your children!

WebInsure - Business Grade Insurance Advisors

FLINDERS HOCKEY – Finals Time

Its finals time and the teams are ready -

Today we have

Sunshine Coast Hockey Association
PRELIMINARY FINALS
08/09/2012
J2 Boys Venue Umpires
Flinders Jade (2) v Nambour (3) 8:00AM Turf
J2 Girls
Flinders (2) v North Shore (3) 9:20AM Turf
J3 Boys
Buderim Rebels (2) v Caloundra (3) 10:40AM Grass Field 4
J3 Girls
Maroochydore (1) v Flinders (4) 10:40AM Grass Field 5
J1 Boys
Flinders (2) v Caboolture (4) 10:40AM Turf
J1 Girls
Flinders (1) v Buderim Rebels (3) 12:00PM Turf
Division 3 Men
Maroochydore (1) v Nambour (4) 1:20PM Turf
Division 3 Women
Buderim Rebels (2) v Nambour (3) 1:20PM Grass Field 4
Division 2 Men
Flinders (1) v Maroochydore (3) 2:50PM Turf
Division 2 Women
Buderim Rebels (1) v Flinders (3) 4:20PM Turf
Division 1 Men
Flinders(2) v Maroochydore (3) 5:50PM Turf
Division 1 Women
Nambour (1) v Caloundra (3) 7:20PM Turf

WebInsure - Business Grade Insurance Advisors

Pilot Insurance – Loss of License

Loss of License -It is a very critical part of earning an income to be able to pass all tests physically and mentally – We do not use specific products for Pilot Insurance as they all need to be tailored to an individuals circumstances.

As an authorised representative of a Life Insurance Broker the product range is quite extensive and covers most of the current active APRA approved insurers.

Major Insurers offerings

Major Australian Insurers offerings vary in what can be included and when War Zones and the like are added to the risk profile of the individual Pilot Insurance it becomes more restricitive and more specialised in what is required -

Off Shore Insurers

Often Pilots Insurance is limited to offshore insurers however new players in the Australian market are showing that a contract can be done domiciled inside Australia – A most comforting security is the knowledge that a claim will be paid and paid in the currency you are used to and expect.

Type of Pilot Insurance

We have facilities to find cover for Life Insurance, Disability Insurance, Income Protection, Sickness and Accident and Trauma Covers – Many of these will be more or less important to an individual and it is this reason that we need to tailor make the cover with the help of an Insurer- We only use APRA Insurers

What details do you need ?

Ultimately we need to properly assess you for what cover suits you best – we collect information by way of a simple form that collates the information we require – We need to know details such as Date of Birth , Smoker Status, hours flown, countries you are working in -

Most of this information can be found on this link -  http://www.webinsure.com.au/wp-content/uploads/2011/09/Risk-Only-Factfind.doc

Please give us a call on 1300 660 707 or fill out this simple form to start the process

WebInsure - Business Grade Insurance Advisors