Top 8 Tips From Your Insurance Broker PerthDecember 21, 2018
Insurance is one of those things that a lot of businesses don’t think too much about until you actually need it. However, when things go wrong, you’ll be thankful that you have financial protection. No matter the size of your business, it pays to have the right insurance cover in place. Today, we thought we’d share some of our most useful insurance-related tips and tricks to help ensure you have the best cover possible for your business.
1. Shop around
Spend some time comparing various insurance policies rather than just settling for the first quote you come across. When you shop around, you can often find a better deal for you and your business
2. Focus on quality
When you choose your insurance, cheaper policies can be tempting but it can also mean that you’re compromising on quality. The point of insurance is to ensure you’re adequately protected financially so focus on finding a quality policy.
3. Consider your risks
Insurance is intended to cover your areas of risk so before you take out an insurance package, think about the specific risks that your businesses faces. That way, you can get the right level of cover.
4. Think about excess
It’s important to get your excess right with your insurance – although a high excess can mean lower premiums, you want your excess to be affordable at claim time. Make sure your excess isn’t so high that it would put you under pressure.
5. Read the fine print
Every insurance policy will have certain exclusions so take the time to read the fine print. The last thing you want is to be caught out at claim time and realise that you’re not covered for a certain event.
6. Advise of any changes
Changes to your business can impact on your insurance so make sure you keep your insurer informed of relevant changes. This could include taking on additional employees, moving premises or expanding into other areas.
7. Review your insurance regularly
Don’t just renew your insurance each year without thinking about it. Instead, review your insurance policies at least annually to see if you need to amend your cover and to ensure you’re getting the best value for money.
8. Speak with an insurance broker
When it comes to taking out insurance, speaking to an insurance broker can make all difference. A broker has the industry knowledge to compare a number of policies to ensure you’re getting the best insurance package for your business.
GSK Insurance Brokers are one of Australia’s leading brokers and our Perth insurance brokers will take the time to analyse your business to identify your unique areas of risk. We provide tailored insurance solutions so you can be confident that you’re receiving quality cover at a competitive price. Let us insure your success!
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