Our Top 5 insurances to have for your Business

By Peter Vickers Insurance Brokers | small business insurance, small business, New Business Insurance, insurance broker, insurance broker lindfield |

1. DONT RISK BEING UNDER INSURED - END OF BUSINESS FINANCIAL YEAR IS THE PERFECT TIME TO REVIEW YOUR INSURANCES

When reviewing the level of cover you may need, the first step is understanding your risks.

Talking with your insurance broker can help keep peace of mind, as you will be consulting with an expert who can help you assess what insurance your business has, and what other covers you need to make sure you don’t risk being under insured.

Insurer representatives are not Brokers at Peter Vickers Insurance Brokers we give informed advice on your Business needs. Talk to us for the advice that only a qualified professional that specialises in Insurance can give.

2. CYBER CRIME

It is not enough to just be aware of what can affect your Business you should also protect it. Talk to PVIB to find out more about Cyber Insurance.

“In many cases, a lack of understanding around cyber security is to blame. A report from the government’s Australian Cyber Security Centre (ACSC) found almost half of SMEs rated their cyber security understanding as ‘average’ or ‘below average’ and had poor cyber security practices. One in five SMEs did not know the term ‘phishing’. Many businesses were unaware of the threats they face, with SMEs who outsource their IT security believing they are better protected than they really are.

It’s clear that in order to protect their businesses from attack, owners need to have a better overall understanding of what they’re up against. The first step is to understand the various different forms of attack, including malware, phishing, ransomware, trojan, keystroke logging, insider threats, and spear phishing.”

3. THE BENEFITS OF TAX AUDIT INSURANCE - CASE STUDY

The condensed version:
•ATO selected our client for review.

•Our client had Tax Audit Insurance so when they were Audited not only were they not out of pocket for our time to collate all the relevant documents for the Tax Office, it was also a stress free process.

• Premium cost $1299 and Cost of Tax Audit $4,266

Check out the full story

4. ARE YOU STARTING A NEW BUSINESS? – Talk to us about what is Best Practice Insurance?

In this year’s Budget, The Federal Government will spend $129.8 million on consolidating and expanding small business and entrepreneurial services to support people who want to start, run and grow their own business.

There is no one size fits all insurance solution for small businesses, Insurance will vary according to your industry, trade, and type of business you operate. So regardless of whether you are small, medium or large business, our Insurance Brokers can tailor a policy to suit your Business needs that protects the things that are important to you.

5. WORSE CASE - NO INSURANCE CASE STUDY

We were approached to see if it was possible to get insurance against future claims but as we all know you can’t insure after the fact especially when there is the possibility of claims. Click here for the full story

If we could go back in time our advice would be to take out insurance because it isn’t just about insuring your business when you are a small business owner, it is the potential fall out to your assets, your home, and your life.

An Insurance policy is about taking out peace of mind that when the unexpected happens you are covered.

Talk to us at Peter Vickers Insurance Brokers Pty Ltd on 1300 784 011.

Why choose Peter Vickers? – For dedicated Personal service, Professional results, we will ensure you get the best policy we can deliver.

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