Whether you’re a mobile sole trader, a small premises with a handful of clients, or a large organisation with multiple locations, having adequate insurance to protect you against multiple sources of risk is essential and often imposed as a requirement under commercial leases and contracts of all types.

Fire & storm damage, theft, and personal injury claims are just a few of the risks commonly encountered and many of us underestimate the cost involved when any of these events take place.

Although some events are minor, others can be completely crippling to a business if there is an exposure that has not been considered and protected accordingly.

Business & Trade Insurance Packages utilise multiple lines of cover to protect against unforeseen costs resulting from many different situations.

By combining multiple lines of cover under one policy, managing risk is more straightforward and gives you more time to focus on other parts of your business.

In addition, this saves you from taking out multiple policies and is extremely cost-effective, since many insurers compete to provide cover for different types of businesses.

Here are the main components available to most business & trade packages:

• Fire & Other Damage to Property
• Public & Products Liability
• Business Interruption
• Theft
• Glass
• Machinery Breakdown
• Money
• Electronic Equipment Breakdown
• General Property (Portable Business Property)
• Tax Audit
• Transit Cover
• Employee Dishonesty

Serious weather events, all manner of fires, and many other scenarios have the potential to prevent your business from operating in an instant. Receiving an insurance payout to repair, replace, or rebuild after suffering damage is only part of the solution.

When your business comes to a standstill, expenses like staff wages, rent, utilities & other contracts can often remain for months or years. During these times, it’s essential to ensure continuity so that you can focus on rebuilding your business operation while having peace of mind that these expenses are met.

Business interruption cover is designed to make up the shortfall after suffering an interruption after an insured event, and keep you in the financial position you’d be in had that event not occurred. There are also sub-features in place that can get you back up and running in an emergency and avoid a serious interruption altogether.

Flood cover is a common oversight for many business owners, as it is often confused with storm damage and heavy rainfall.

In most cases, standard cover under business package wordings does not extend to widespread flooding events resulting from overflowing water sources like dams & rivers.

Our team is experienced in assessing your risk of flooding depending on your location, and reviewing available flood maps so that you can make an informed decision.

Whether you own a small business or a large industrial operation, you’ll often be dependent on a few key pieces of machinery to provide your services or manufacture certain goods.

Here are a few examples:

• Refrigerators, freezers & ice machines
• Cool rooms
• Air conditioners & evaporative coolers
• Commercial kitchen equipment & appliances
• Air compressors
• Commercial printers
• Complex machinery & manufacturing equipment

Take a moment to consider the equipment in your business and how disruptive a breakdown could be, and consider that business interruption can only be activated after machinery breakdown if it’s insured on the policy.

Many business owners simply aren’t aware of what policy features and covers are available that not only enhance their protection but are often essential in ensuring basic financial protection.

Over the years, we have been able to assist many of our clients through difficult situations and major losses because they have relied on our advice regarding coverage and have not taken the bare minimum.

Every type of business has different exposures and levels of risk from different sources. Our role is to inform you about what is available, and how important optional covers can be.

We understand that your business is your focus, and arranging insurance can be a difficult task. Our Advisers are insurance representatives who are authorised to give you personal advice tailored to your situation by accessing multiple products from multiple insurers.

Our service to you continues long after your policy is created. We offer annual policy reviews to ensure your coverage reflects the changing nature of your business, while promptly processing changes as you need them.

In addition to this, we manage any claims that arise on your behalf, meaning that you deal with us, instead of the insurer. We represent you and our goal is to assist you in getting the best possible outcome if a claim occurs.