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Protecting your business from bushfire disasters

IA South West

Jan 07, 2020
Views: 1016

General Insurance Business Insurance Professional Indemnity Insurance

Protecting your business from bushfire disasters

Hot temperatures, high winds and dry conditions make Australia extremely prone to bushfires, causing devastation to many people across the country. These disasters often result in the loss of lives, pets, livestock, personal belongings, homes and businesses. Not only does this bring emotional and physical loss, but loss of a business can also have devastating impact to employees and customers. Recovering from a serious bushfire takes courage, hard work, determination and a certain amount of resourcefulness, but this process can be alleviated to some degree for businesses by having the right type of insurance policies in place, helping business owners back into business, reducing the impact to them, their employees and customers.

Preparing your business for bushfire season
Natural disasters, such as bushfires can also have an incredible impact on insurance premiums, therefore preparing your business for the bushfire season is one way you can help to not only protect your business, but also help to keep premiums down. Here are five tips to prepare your business for the bushfire season.

Know if your business is in a bushfire prone area, identify any warning systems that are in place.
Create a disaster plan for your business and ensure that your employees are aware of this plan and know what to do in the event of a bushfire.
Back up all your hardcopy documents and digital files, so that you can be up and running again quickly.
Create a business continuity plan to safeguard business reputation and responsibilities to suppliers, stakeholders and customers.
Accurately assess the value of your business assets and discuss your insurance needs with an insurance expert.

Seeking the right advice will have your business well positioned to recover with minimum impact from a disaster. Speak to one of our specialists today.

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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.

Gail Findlay, IA South West, AFSL 240549