Quick Tips – aim to have to right type and amount of insurance
- Talk to your insurance adviser, let them know how the business is going and if there are potential changes being planned.
- Check your insurance policy:
- for gaps in cover, your insurance adviser will be able to let you know what is available (like Cyber hacking cover) and if it is appropriate for your needs;
- to see if that policy or amount of cover still needed. As businesses change, so will the types and amount of cover;
- for sum insured and limits – are they up to date? Talk to your insurance adviser about updating your building or plant valuations.
- Ask about package discounts for bundling your policies.
- Consider taking higher excesses to reduce the premium.
The Value of Professional Insurance Advice
The vast majority of business owners rely on Insurance Advisers, who:
- Act for you in managing key financial risks.
- Will save time in trying to understand and compare lots of different insurer’s products, sums insured and covers.
- Recommend insurance covers that minimise financial loss and disruption to your business if you need to make a claim.
- Explain key terms, conditions, costs and exclusions and tailor cover to meet your needs.
These are some simple tips to save money on your insurance costs, which still maintaining the right type and amount of cover for you and your business.
Talk to your insurance adviser to ensure you are getting the right type and amount of cover.
Are you managing your insurance bills? Please call us and we can help!
Make a time to speak:
Call: 02 9133 9900
Email: info@lainsurance.com.au