Tag: business (page 1 of 3)

Regional Victorian Business Survey 2017

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Here at Adroit, we love where we live. We share in the pride our communities have for our amazing regional Victorian towns.

Celebrating and exploring our communities, it is with great satisfaction that I release the results of our second annual ‘Regional Victorian Business Survey’. The survey shows the mindset and attitude of a wide range of businesses across regional Victoria.

Regional Victoria is powering ahead, and the mood is positive!

It’s been a prosperous 12 months for local businesses and it is very satisfying to see a strong confidence that the year ahead will be even better. Most businesses that we surveyed think they’ll be increasing revenue next year.

Business confidence that should translate into further jobs growth. Around a quarter of businesses predict they will increase staff numbers. This is encouraging for our regional communities that sometimes struggle with growth in employment opportunities.

Within the broader good news, the survey identifies areas of concern and red-flags. Businesses are extremely wary of over-regulation, with many making a point of decrying the ‘nanny state’ culture that appears to be deepening in Victoria.

Market and economic conditions can be tough, and dealing with unnecessary red-tape on top of that can be a barrier to growth for many of our regional businesses. Almost half of the businesses we surveyed are unhappy with the State Government. They are looking for the Government to lift their game, with better investment in infrastructure, public transport and broader community support, areas that have been neglected by successive Governments.

Businesses are optimistic about the future but want to feel that Regional voices are being heard by those making long-range decisions that could impact their business. Especially at a time when competition for business and shifting consumer behaviours and global forces are making the waters even trickier to navigate.

We hope this survey becomes an important tool, not just for regional businesses, but also for the government and commentators in evaluating the future of regional Victorian communities and the vibrancy of their economic contribution.

Here are some highlights from the data; to learn more, download the complete survey here.

 

Protecting your business against unique risks

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Do you think it would be simple to walk into someone else’s office, warehouse or factory and make that business run smoothly? If you had to swap with the business next door, suddenly, without making any of your own adjustments to layout – how successful do you think that would be?

If you think that would be a total disaster, you’re probably right. Every business is unique – each one has its own story, its own way of doing things, its own unique group of customers.

No two businesses are alike, even within the same industry. Across multiple differing industries these differences become even more apparent – a large business in the construction industry, for example, faces very different risks to a small hairdressing business or pet parlor at a local shopping centre. So why should they all share the same level of insurance cover? Every business has its own unique set of risks as part of its corresponding industry and individual needs.

One of the main advantages of selecting an industry-specific insurance policy over a more generalised product is that your insurance broker will provide advice on the things you might never have even considered. This involves a comprehensive understanding of your industry, developing personal relationships and delving to discover exactly what risks your business is exposed to, then protecting you from those risks with a comprehensive, bespoke insurance solution at the best possible price. Insurance experts are adept at recognising risks, and they have the experience of working with all kinds of businesses and seeing where others have gotten into trouble – what is an unexpected event for you is something they have probably seen before – and already have a plan in place to address.

Tailored insurance policies for businesses are available to a number of different industries including:

– Agriculture and Viticulture
– Construction
– Hospitality
– Entertainment
– Manufacturing
– Property
– Retail
– Trades
– Engineering
– Professional Services

Within your corresponding industry we will design an insurance solution that’s specifically tailored to you and your individual business needs, allowing you to rest easy knowing that your business is protected from any unexpected and unforeseen occurrences.

A friendly chat with one of our brokers is all it takes to get the ball rolling – make the call today and give yourself the gift of peace of mind with comprehensive cover specific to your needs.

 

Geelong Business Excellence Awards, 2017

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We would like to congratulate CEO of St John of God Geelong Hospital Stephen Roberts, the winner of our Business Leader of the Year Award.

We’d also like to offer congratulations to Supatramp and Austin Wines on their wins this year!

Originally published in the Geelong Indy

Adroit Insurance Group is passionate about serving the Geelong community.

After winning the Geelong Business Excellence Awards Business of the Year in 2016, Adroit is committed to sustaining its already impressive brand.

“Our organisation is big on being part of the community,” Adroit Insurance Group Geelong branch manager Darrell Fenton says.

“We’ve strived to build that over the last 15 years. We love being a part of the Geelong community.”

Adroit is a sponsor of this year’s excellence awards and Mr Fenton said it was a terrific opportunity for local businesses to be recognised for their hard work.

“It’s a great opportunity to be involved with all the other businesses in Geelong,” he says.

“We want to be a part of it. We were absolutely rapt to win it last year.”

Adroit is a perfect fit for Geelong.

“Geelong people certainly enjoy their city,” Mr Fenton says.

“The people of Geelong always try and help out local businesses. It makes it a nice, strong community.”

Service is Adroit’s motto.

“We are certainly a service based organisation,” Mr Fenton says.

“Adroit offers superior customer service through a dedicated account manager who provides the best insurance solution for each and every one of our valued clients. Our actual KPIs are measured by client contact and visitation rather than just dollars.”

While Geelong has taken its share of knocks in the business world, Mr Fenton said the city always recovers quickly.

“The city of Geelong is going well – it’s up and about at the moment,” he says.

“There’s a good feel for the city and we want to grow with it.”

Why do you need Medical Indemnity Insurance?

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Medical Indemnity Insurance is more than a compulsory condition of registration for all medical practitioners in Australia – it’s imperative to keep you safe.

As a doctor, your Medical Indemnity Insurance covers both you and your patients if something potentially goes wrong during a medical procedure or whilst in medical care resulting in harm to a patient

So, is all Medical Indemnity Insurance cover the same?

In short, no. It is important to ensure there are no gaps in your level cover and that both you and your patients are fully protected.

Does your current Medical Indemnity Insurance policy cover some of the basic such as;

  • Needle stick cover
  • Medico legal hotline
  • Automatic “Tail” cover
  • Reputational protection
  • Privacy breach protection
  • Medicare fraud audits
  • Health fund investigations
  • AHPRA investigations
  • Removal from proceedings Hospital inquiries
  • Government inquires
  • Coronial inquires
  • Subpoenas for medical records

If your current level of cover has you asking questions, then Adroit Insurance Group is here to help.

With an Insurance Solution that has been developed with partners Berkshire Hathaway, the world’s largest medical indemnity insurer for Doctors, 24-hour legal support and a fully managed claims process – you’ll be sure to have your mind put at ease.

Take advantage of our limited offer of 14 months coverage for the cost of 12! Contact your Adroit professional risk specialist Anthony Di Fiore for a free no obligation insurance review on 03 9816 2112 or anthonyd@adroitig.com.au

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.

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