What is Business Insurance Who Needs It?​

What is Business Insurance Who Needs It?

Business Insurance is another name for a collection of insurance covers, to protect your business in the event of an interruption to your business.

1 in 4 small businesses would not survive if they had to close their doors.

Think about your business assets could you replace them quickly  without the business insurance?

What types of business Insurance Cover is available?

The Insure247 team can arrange business insurance quotes for Business Property, Business Interruption, Theft, Money, Machinery Breakdown, Electronic Insurance, Public Liability InsuranceProfessional Indemnity Insurance, Glass, General Property (Tools of Trade), and Employee Fraud cover quotes.

Lets explore some of the more common Business Insurance options

“Do you need Business Insurance Quote, Insure247 can arrange quotes from a number of insurers.  As part of the Steadfast network we are part of the biggest network of insurance brokers in Australia and New Zealand and have partnerships with over 150 insurance providers locally and internationally.”

Business Property Insurance

Business Property Insurance covers your for Damage to Property Insured at the Situation caused by any sudden or unexpected or unforeseen occurrence (Fire, Storm Damage, Accidental Damage) which is not otherwise excluded some insurers will include Flood.

Business Interruption Insurance

If a business is out of action for a length of time Business Interruption Insurance will cover expenses while your business recovers, relocates or restocks.

Normally part of a Business Insurance policy, it will kick in following a fire or other insured peril occurring at a business premises when some form of interruption to the business occurs.

Public Liability Insurance

Public liability will cover your business legal liability for personal injury and/or property damage within Australia and as a result of an incident in connection with your business activities.

Professional Indemnity Insurance

Could you be sued for malpractice, professional misconduct, or breach of duty?

It costs time and money to defend against these actions. You could be held responsible not only for your own actions, but also for those of your partners, employees or volunteers.

A professional indemnity insurance policy safeguards your business by providing cover against such claims, including legal defence costs.

General Property – Tools of Trade

Covers your work tools, laptops, and the like, against accidental damage

Business Insurance Who Needs It?

Do you need Business Insurance Quote, Quotesonline can arrange quotes from a number of insurers.  As part of the Steadfast network we are part of the biggest network of insurance brokers in Australia and New Zealand and have partnerships with over 150 insurance providers locally and internationally.

Article originally shared on Quotesonline

Not sure what you need?

We understand that Insurance can be confusing. With so many different options, how do you know what you really need and what the right choice is for you? Insure247 helps everyday Australian’s just like you, to understand what should be considered and why.

At Insure247, we know not every business is the same, and take the time to carefully review and asses any possible risks you should insure for.

Whether you are looking for insurance cover, or would simply like someone to review your existing insurance policies to ensure you are adequately covered and not paying too much.

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