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Disaster! Get Ready Business

Dawson Insurance

Feb 24, 2021
Views: 1283

Business Insurance Small Business Insurance Business Interruption Insurance

Having met with numerous Business Owners and Managers over the years, it has occurred to me that each new Client we meet with, mostly aren’t prepared for some form of Disaster.

How is this the position that Australian Businesses are in?

Are businesses relying on their Insurer/Product Provider to explain these non-avoidable potential disasters?

Are businesses using a qualified Insurance Adviser/Broker?

Who’s responsibility is it to explain these potential issues and risks, and how to best prepare yourself should a disaster be unavoidable.

What’s Happened…? Lets take a look…

Unfortunately, various Insurers have done their best to “Flood” (see what I did there) their relevant “Scare Tactic” type of Advertising directly to our TV’s. This has likely only confused the matter, due to the fact that in Australia now there are over 60 Underwriting Agencies and Insurers that provide Business Insurance Policies. With this number of Policies, how is a busy Business Owner supposed to know which one to take? I guess it’s possible to spend the time researching the right one, but it’s not financially time-wise, nor is it particularly business savvy to try and save a few dollars per year, whilst wasting many hours and still being unsure as to the effectiveness of the Policy selected.

Whats the good news? Well, some of this can be avoided by taking a few moments, and betting preparing yourself and your staff ahead of time. This can be done via Disaster Plan.

Fortunately, the NSW Government has kindly provided a Free Disaster plan for my business document specifically for business owners, to help prepare them for Disasters and the like.

It even includes a five-step plan, a tool that guides a business through disaster preparation:

We have included the entire document below:

Free Disaster plan for my business. Five-step plan, a Free tool that guides a business through disaster preparation.

–> NSW Get-ready-disaster-tool-brochure

It is, however an Insurance Broker/Adviser’s Role to help provide you with such resources to help your business survive. Not just Insurance options.

An Insurance Adviser would usually collect the details of your business and its operations, then use this to source Options for you from the hundreds of Insurers we have access to.

Management Liability Insurance

Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business.

Details Get Quote

Business Insurance

A business insurance pack can provide cover for your business premises and contents, against loss, damage, theft or financial loss from an insured interruption to the business.

Details Get Quote

Business Package

Purchase up to six products under one Business Insurance Package.

Details Get a quote!

An Insurance Adviser would usually collect the details of your business and its operations, then use this to source Options for you from the hundreds of Insurers we have access to.

Your Insurance Adviser does most of the work for you, and lets you get on with helping your own Clients, whilst you grow your business.

Contact Dawson Insurance today for your Business Risk and Insurance Advice.

natural disasters

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Brad Dawson, Dawson Insurance, ABN 27159041399, AFSL 344648

This article originally appeared on Dawson Insurance News Blog and has been published here with permission.