Tag: choosing

Review Before You Renew

pexels-photo-40120

 

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.

The Broker Advantage

The following blog comes courtesy of one of our brokers, Damon Edwards and was featured in the Ballarat Courier

According to figures released by the Australian Bureau of Statistics, in 2012–13, over three quarters (76 per cent) of Australia’s 15.4 million internet users made a purchase or order over the internet.

A clear shift towards purchasing online coupled with the seemingly endless raft of information at consumers fingertips, one may suggest that the days of an intermediary are numbered.

I would argue, however, that now more than ever there is a need for an insurance broker.

Continue reading

Online Insurance Policies: What To Consider

The real test of an insurance policy comes when you have to make a claim. Whatever you are trying to claim for has to be covered under the policy, so thinking ahead – as tough as it may be- and ensuring your policy is as thorough as possible is really important.

Continue reading