Can I tailor my Professional Indemnity insurance to suit my specific needs?

Yes, many insurers offer customisable Professional Indemnity insurance policies that allow you to tailor coverage limits, deductibles, and additional features to suit your business' specific requirements and risk profile.

For more information and a confidential chat with a qualified insurance broker, give the team at Westralian Insurance a call today!  Call (08) 9302 1388, or visit www.westralianinsurance.com.au

How does insurance coverage differ between insurance companies/insurers?

Insurance coverage can vary between insurance companies or insurers due to several factors. Here are some key aspects that can differ:

1. Policy Terms and Conditions: Insurance companies may offer different terms and conditions within their policies. This includes the specific events or perils covered, the circumstances under which coverage applies, and any exclusions or limitations. For example, one insurer may offer broader coverage for natural disasters in a homeowners policy, while another may have more restrictive terms.
2. Coverage Limits: Insurance companies set limits on the maximum amount they will pay for a covered claim. These limits can vary between insurers. For instance, one auto insurance policy may have a higher liability limit than another, offering more financial protection in case of an accident.
3. Excesses: An excess is the amount you must pay out of pocket before the insurance coverage kicks in. Different insurers may offer varying excess    options. A higher excess often leads to lower premium costs, but it means you'll have to pay more upfront before receiving insurance benefits.
4. Premiums: Insurance premiums are the regular payments you make to maintain coverage. Premium amounts can differ between insurers based on their risk assessment, claims experience, and the coverage they provide. Insurance companies use various factors, such as age, location, and driving record, to calculate premiums. It's important to compare premiums from different insurers to find the best balance between cost and coverage.
5. Additional Coverage Options: Insurers may offer additional coverage options, known as riders or endorsements, that can be added to a base policy to enhance protection. These may include coverage for specific valuables, extended liability protection, or extra benefits for an additional cost. The availability and terms of these optional coverages can vary between insurance companies.
6. Customer Service and Claims Handling: The level of customer service and claims handling can differ between insurance companies. Some insurers may have a reputation for prompt and efficient claims processing, while others might have a slower or more complex claims settlement process. Reading reviews and researching an insurer's customer service track record can provide insights into their performance in this area.

When selecting an insurance policy, it's important to compare coverage options, limits, excesses, and premiums from multiple insurers. This allows you to assess which company best meets your specific needs and provides the most comprehensive coverage for your assets and financial protection.  This is where using a qualified insurance broker can help.  Insurance brokers take the time to understand your business, your needs and objectives, before tailoring an insurance solution fit for YOUR business.  

If you're looking at insurance for your business, call the friendly professionals at Westralian Insurance today!  Call (08) 9302 1388, or visit www.westralianinsurance.com.au

 

 

Business insurance for small business?

Business Package insurance policies are very important for small businesses. They can cover anything from stock and contents, to tools of trade and Public Liability, all conveniently bundled into one policy.

Business insurance can be challenging to navigate for any business, but especially for small businesses, whereby owners are often covering a multitude of roles!

Speaking to a business insurance broker can help, as they can advise on the right types of insurance cover, depending on the size, scale and age of your business.

Westralian Insurance is here to help.  Our fully qualified staff can also assist with completing paperwork, and will manage any claims you have, from start to finish.  Westralian Insurance are here to act on your behalf, so you can get on with running your business.

Call our friendly team today, on (08) 9302 1388, or visit westralianinsurance.com.au

 

Do I need business insurance to sell on Amazon?

Businesses that sell on Amazon need a Public and Products Liability policy for the products they buy and sell.  They may also need a Business Package policy to cover stock if they take delivery of the stock at their own premises before sending to their customers.

If you have a home based business or sell direct to Amazon, you probably have some business insurance questions.  Westralian Insurance is here to help and ensure your precious assets are fully protected.  Call our friendly team today on (08) 9302 1388 or visit www.westralianinsurance.com.au

Do I need business insurance if I work from home?

Home insurance policies normally exclude business equipment, stock etc., so it’s important to arrange a separate Business Package policy for your home-based business.  Public Liability should also be included, in case customers visit your home, as well as Product Liability for any products you manufacture and/or sell.

Getting the right business insurance cover can be a challenge for any small business, because there are often many factors to consider, as well as the life cycle of your business.

The team at Westralian Insurance are here to help.  Our fully qualified team take the time to get to know your business and requirements, before designing an integrated insurance solution for your business.

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

Do I need insurance for my small business?

Small businesses require most of the same kinds of insurance that larger businesses require.  The most important are stock, contents, glass, machinery and public liability amongst others.  A small business with employees, is also required to have a valid Workers Compensation policy in place.

Navigating insurance for your small business can be challenging - Westralian Insurance is here to help.  Call our friendly, knowledgeable staff today on (08) 9302 1388, or visit www.westralianinsurance.com.au