Business insurance is an integral part of doing business. Without the right protection, you risk losing everything you’ve worked so hard to achieve to one event – be it a storm, fire or burglary.
Regardless of what kind of business you run, you’ll most likely need some form of business insurance to help protect yourself, your clients and your income when things go wrong.
Business insurance can help cover:
Protect your business against claims of misleading advice, breach of duty and negligence with professional indemnity cover.
Protect your business against third-party accidents and costly legal fees. Let us arrange the right cover for your needs.
Protect your business – and your team – against management and operational risks with management liability cover.
Arranging cover options for more than 700 allied health modalities, we’re here to support the vitality of your health service.
Whether you’re online or in-store, let Marsh service your insurance needs – so you can stay focused on your customers.
Let Marsh cater to your industry’s unique insurance needs – so you can keep your focus on the celebrations.
Business insurance is an integral part of doing business. Without the right protection, you risk losing everything you’ve worked so hard to achieve to one event – be it a storm, fire or burglary.
The most common business package policies include:
Property insurance (including business interruption insurance)
Glass insurance
Theft insurance
Money insurance
Public liability insurance
Product liability insurance.
Many insurers offer other cover, such as machinery breakdown and electronic equipment.
The important thing to remember is this: we can tailor your business insurance package to your needs.
Imagine an insurable event happens to your business. A fire, storm, theft, burglary. Would you still be able to pay rent, utilities, staff wages and operating costs?
If not, business interruption insurance can help cover you. It provides protection for loss of income and increased operational costs caused by an insured event.
Most likely. Your operating licence should state whether you need public and product liability insurance.
Your suppliers and any third parties you do business with may require you to provide evidence of this insurance as part of various processes.
Those processes might be lease agreements, tender processes for contracts, or even credit line negotiations.
The cost of your business insurance depends on a few factors. These can include the:
Size of your business
Size of your workforce
Type of business activities you carry out
Property you want to insure
Location you operate from.
Your insurer will also consider your fire and security protections, plus any claims history if you’ve had insurance before.
You can also obtain quotes that have a higher excess amount. This can provide some premium savings.
Discuss all these factors in-depth with your Marsh advisor.
There are various exclusions under each section of the policy. It’s important to familiarise yourself with these and ask your Marsh advisor questions.
No. Workers compensation is not included.
When it comes to purchasing business insurance, there’s no one-size-fits-all. In fact, there are as many different types of business insurance cover options as there are businesses. Whether your operation is large or small, whether you work with a team or on your own, whether you work out of a commercial premises or work from home – every business needs business insurance, but not every business needs the same business insurance products or coverage.
There’s a lot to consider, which is why it’s important to seek professional advice from an expert business insurance specialist who can work with you to arrange the right cover, quickly and easily – so you can rest assured that you’re not going to pay more than you have to for your insurance cover.
LCPA 23/099
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.