15 February 2023
If you're launching a new business, you may have heard about public liability insurance and wondered what it is and why it's important. Any new business owner needs to understand how this type of insurance works and how it can protect their business from potential risks. What Does Public Liability Insurance Cover? Public liability insurance covers your legal costs if someone makes a claim against your company for damages or personal injury caused by your operations.
21 March 2022
Some people say that the only certain thing about life is uncertainty. If you are in business, you need to take this philosophy into account, especially when you line up insurance coverage. Most people in your situation understand how crucial it is to get public liability coverage and workers' compensation insurance is mandatory if you take on any staff. However, you should think about taking on some additional protection should you be unable to operate your business due to an act of God or circumstances beyond your control.
21 October 2019
The National Disability Insurance Scheme (NDIS) is intended to provide funding advice, support and services to a significant number of Australians who may have significant and permanent disabilities. The scheme is also intended to provide these individuals with information and connections to various service providers who are based in the local community. If you are just learning about this solution, you may be wondering how service providers can help you and what their role in the programme is, so what do you need to know?
9 February 2019
Any business that's operating faces multiple risks on a daily basis. These risks may apply to your investments, employees or the products that you sell to customers. To protect your company, you need relevant business insurance policies that provide coverage to various risk exposures. The policies should be capable of restoring your company back to where it was before a risk happened. But before you begin exploring business insurance options, you first need to know the types of risk that your business may face on a daily basis.
5 February 2018
As the owner of your own business, you probably already know that insurance coverage is crucial when it comes to protecting your investment. Whilst you may already have—or have at least considered—general business indemnity insurance, you may not be familiar with another type of indemnity coverage: professional business indemnity insurance. Does your business need one or both of these types of indemnity cover? Read on to find out! General Business Indemnity Insurance
31 August 2017
Whether you need to protect your machinery or you envisage large public liability costs, taking out civil contracting insurance isn't a process you should rush. No two scenarios are the same, which means you should always aim for a policy that the underwriter tailors to your needs. Before proceeding, there are several factors to consider. How comprehensive the insurance is While there's always a temptation to sign documents and get to work swiftly to avoid loss of earnings, you may find not paying close attention to detail will result in bigger losses in the long term.
20 June 2016
Some owners of small businesses may buy the lowest level of public liability insurance and then neglect to review this insurance coverage for a long time, such as several years. However, there are situations that warrant reviewing the public liability insurance coverage of your small business. This article discusses some of those situations that should prompt you to review that liability insurance cover. Changes in Client Sizes The magnitude of the liability risk faced by your small business when you have clients whose businesses are not worth a million dollars may be different from the risk that you face if you have a client whose business is worth billions of dollars.