Tag: advice (page 1 of 2)

Review Before You Renew

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We all have things we subscribe to that end up not fitting our needs down the road. Maybe it’s that magazine you subscribed to back in 1992, or the gym membership that you haven’t used since you finally started fitting back into those jeans. Your insurance policy shouldn’t get lumped in with these things.

It’s one of those things that’s misunderstood; your policy is not something that you just set and leave as it is. It’s something that you should always be reviewing, in conjunction with your broker. – Damon Edwards, Branch Manager.

 

Insurance policies renew automatically, but you’ll be notified by your insurance broker or financial adviser before that happens to see if anything has changed. This is the perfect opportunity to review your insurance policies and ensure your coverage still suits the needs of your business.

Here are a few examples of changes that could affect your insurance cover:

  • A significant increase (or decrease) in revenue
  • A significant increase or decrease in stock
  • A purchase of a new asset like a property or piece of machinery
  • A change in business activity
  • A change in market conditions

These business milestones, like growing your staff, opening a new store or upgrading to the latest equipment, are exciting. They can change your life and improve the profitability of your business. As much as they change the way your business operates, they also change the requirements of your insurance policy – and sure, that takes some of the romanticism out of it, but these are the assets you’re working so hard to protect.

Life grows along with you, so make sure you enable your insurance policies to do the same. Your Adroit Insurance Broker or Financial Adviser will get in touch with you to review your insurances, so take that opportunity to update them on any changes in your life or your business. If your broker or adviser doesn’t do this, talk to one of our trusted Adroit Brokers for a free no obligation insurance review.

An insurance broker works for you

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Insurance claims are naturally made at a stressful time in your life. Whether it’s a minor fender-bender or something more serious it’s not a time when you want to be put on hold or waiting days to hear a response to your claim.

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Don’t Be Wrong-footed By HR Slip-ups

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HR slip-ups are costly. No matter how stringent the HR processes you can never completely avoid the risk of claims against your company by employees.

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Why you still need your insurance broker

‘Do-it-yourself’ business-owners now have a raft of information at their fingertips, and many assume that cutting out their insurance broker would cut down costs. They could not be more wrong.

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Peace of Mind With Public Liability Insurance

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Adroit broker Sean Mackay looks at the scenarios in which you would need public liability insurance and why it’s a smart idea for all businesses.

Public liability insurance covers your potential liability to third parties for personal injury or property damage in the event that you or your business is found negligent.

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