You’ve worked hard to build up your business. It’s your livelihood and your employees and customers depend on it too.

Nearly every business needs standard types of insurance, but getting the right insurance cover for your business isn’t just about ticking a box. It’s about managing risk, and giving your business the best chance of recovery if an unfortunate event happens.

The risks your business faces are unique. Your location, clientele, products or services, and operating methods can all determine the risks you face and the costs of protecting your business against those risks.

Here are some of key insurances you should consider to make sure you’re getting the right coverage for your circumstances.

• Property & assets: In the event of loss of, or damage to, your commercial buildings, contents, plant, equipment, stock or motor fleet, it’s important you have the right cover if an unfortunate event happens. 
• Liability: Business is filled with risks, most of which can be successfully mitigated. Yet occasionally, things can go wrong and company owners, board members, officers or employees can be held accountable. In extreme cases, companies can go out of business and people face bankruptcy due to the costs involved in protecting themselves from liability claims.
• Workers’ compensation: Most employers must provide workers compensation insurance, which covers the cost of an employee being unable to work if they become injured or ill during their work. The benefit is designed to help these employees cover medical expenses, rehabilitation costs, and loss of earnings. Each state and territory has its own scheme, which is governed independently. Navigating this complex area can be time consuming and daunting. Finsura can help.
• Financial Planning & Risk: Personal and business needs are constantly evolving. Whether its life insurance, retirement planning or an investment plan needed, our qualified team will design a plan that suits you and your business.