Business Insurance
What is Business Insurance
With the right cover in place, owners can run their business with confidence, knowing that their premises, stock, equipment and reputation are protected by insurance.
Department of Innovation, industry and science, 2018
The cost of natural disasters to Australian businesses, government and communities is estimated to reach $33 billion by 2050
(Australian Business Rountable, The Economic Cost of the Social Impact of Natural Disasters, 2016)
According to Inside Small Business, only 16% of SMEs have a financial back-up plan in place, while 35% said they’d need to cut spending and limit their lifestyle if they were unable to work.
(Inside Small Business, ‘Seven insurance issues sma l-business owners should consider in 2017’, 2017)
Sole traders were the least likely of businesses to be insured, (24%), followed by small businesses operating from home (21.4%).
(ICA, Non-insurance in the Small to Medium Sized Enterprise Sector, 2015)
Business Insurance
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