Business insurance

Business insurance tips

    Have you assessed the risk to your business? For example, are you in a flood-prone area?
    What would happend to your business, your employees, suppliers and your customers if your business could not trade due to unforeseen circumstance? Do you have business interruption cover?
    Consider deterioration of stock insurance if you rely on refrigerators and freezers to store your stock. This will protect you in the event of a power failure
    Remember to update your policy when you buy new equipment, expand your business or renew a lease
    Insurance companies will often offer packages that bundle different types of business insurance policies together. These are designed to meet the needs of small-to-medium sized businesses and may be less expensive than purchasing policies separately
    If you work from home, you may need a separate business and liability insurance
    Insurance brokers have an in-depth knowledge of insurance products and may be able to suggest the best policy for your particular business. To find a broker, visit www.needabroker.com.au or call NIBA on 1300 53 10 73.