Are you looking to diversify within your business?

Whilst we are all going through this period of economic uncertainty, many businesses will be looking to diversify, in order to maximise their ability to generate a profit.  Diversification is a great way of adding an alternative revenue stream and could, in some cases, mean the difference between the business’s success and failure. 

However, changing the direction in which the business is going or modifying the way the business operates, is not without its pitfalls.  From an insurance point of view, you could fall into the trap of becoming uninsured if your new operating structure hasn’t been approved by your insurer.  This is where an insurance broker can be invaluable.

An insurance broker can offer advice on updating your policies to accurately reflect the new business model and avoid the dangers associated with non-disclosure. They can deal with the insurer on your behalf and make sure your insurance policies cover everything you need them to, taking into account all changes to the structure of the business.

For more information and friendly, professional advice, call Westralian Insurance, on (08) 9302 1388, or visit www.westralianinsurance.com.au