Is it worth having insurance?

Yes, having insurance can be worth it for many people.  Insurance provides financial protection against unexpected events or risks that could otherwise result in significant financial loss.  Different types of insurance cover various aspects of life, such as health, property, business, auto, and more.

Here are some reasons why insurance can be beneficial:
Financial Protection: Insurance helps protect you from financial losses due to covered events.  For example, health insurance can help cover medical expenses, and property insurance can help repair or replace damaged belongings.

Risk Mitigation: Insurance allows you to transfer the risk of certain events to an insurance company.  This can provide peace of mind and a sense of security, knowing that you are financially protected in case of unexpected circumstances.

Legal Requirements: In many places, certain types of insurance are legally required.  For example, in Australia, Workers Compensation is a legal requirement for anyone who employs staff. 

Loan and Mortgage Requirements: Lenders often require insurance coverage when providing loans or mortgages.  This ensures that the collateral (such as a house or car) is protected, reducing the financial risk for both the borrower and the lender.

Healthcare Costs: Medical expenses can be significant, and health insurance can help cover the costs of hospital stays, surgeries, medications, and other healthcare services.

Peace of Mind: Knowing that you have insurance coverage can provide peace of mind, allowing you to focus on your daily activities without constant worry about potential financial setbacks.

It's essential to carefully consider your individual circumstances, assess potential risks, and choose insurance coverage that aligns with your needs.  While insurance involves regular premium payments, the financial protection it provides can outweigh the cost, especially in the event of a significant loss or unexpected event.

It costs nothing to speak with a qualified insurance broker about your business insurance requirements, so why not give them a call today!  Call the team at Westralian Insurance on (08) 9302 1388 or visit www.westralianinsurance.com.au

 

Do insurance brokers sell insurance?

Yes, in a nutshell insurance brokers identify possible insurance solutions for clients, before sourcing insurance products from the market which are fit for purpose.  Insurance brokers then sell them onto their clients, providing ongoing business insurance advice, insurance cover adjustments as needed, and claim support.

Fully qualified insurance brokers remain abreast of regulations and legal obligations, as well as new products available to clients, and remain committed to ongoing client service.

Is it time to speak with an insurance broker about your business insurance?  For more information or an obligation free quote, call the friendly professionals at Westralian Insurance on (08) 9302 1388, or visit www.westralianinsurance.com.au

Does my business need cyber insurance?

Cyber-related crime is one of the fastest growing areas of criminal activity in Australia, so it would be prudent for any business owner to consider Cyber Insurance. 

The costs that can be covered or mitigated by a Cyber Insurance Policy, include data recovery following a hack, extortion and ransom costs and lost funds due to a malware attack or social engineering scam. 

Every business is at risk, so it's worth speaking with an insurance broker about Cyber Insurance for your business.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au

What is small business insurance?

Small business insurance normally relates to Business Package insurance policies. These policies are a good way to cover off many of the risks facing small businesses, without having to set up separate cover for each item.  

These policies can include Public Liability, stock, contents, theft, glass, machinery breakdown, money and Business Interruption amongst others.  Costs vary depending on the covers required and the size of the sums insured under each section.

Now more than ever, it's time to ensure your business is fully insured.  The team at Westralian Insurance are fully qualified, and will take the time to understand your business and individual risks, resulting in a fully integrated insurance solution.

Call Westralian Insurance today, on (08) 9302 1388, or visit www.westralianinsurance.com.au

What are the types of business insurance?

There are many types of business insurance, and most can be included on a 'business package' policy, in order to reduce cost and increase efficiency.  Some of the many types of business insurance include contents, buildings, stock, machinery breakdown, theft, glass, public liability and professional indemnity amongst others.

When deciding what's right for your business, it's best to speak with a fully qualified insurance broker.  Call the friendly, local professionals at Westralian Insurance today, on (08) 9302 1388 or visit www.westralianinsurance.com.au

Business insurance for photographers?

Public Liability insurance is a good idea as it protects you against claims for third party property damage or personal injury.  A General Property policy can also provide Australia-wide cover for your camera and photographic equipment.

For more information on protecting your business and equipment, call the friendly professionals at Westralian Insurance today!  Call (08) 9302 1388 or visit www.westralianinsurance.com.au 

What insurance do personal trainers need?

Public Liability is the most important type of insurance required by personal trainers.  They are constantly in contact with the public so claims for third party injury or property damage are a real possibility.  Workers Compensation is also a legal requirement for any personal trainers with employees.

If you're considering becoming a personal trainer, or have recently started your own personal training business, insurance is a must.  Call the friendly professionals at Westralian Insurance, who can assist in providing the right insurance solution for your business, on (08) 9302 1388, or visit www.westralianinsurance.com.au