Do I need insurance when building a house?

It’s a good idea to consider Owner Builders insurance when building a new house. Owner Builders Insurance includes cover for the entire construction period, including the tools and materials on site, plus Public Liability for third party property damage and personal injury claims. Workers Compensation cover for the contractors working on site is also a legal requirement.

You've got more than enough to think about when building a house!  So when it comes to insurance cover, call the friendly professionals at Westralian Insurance.  We'll review your individual building project and design an integrated insurance solution to suit your needs.

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

  

What insurance do I need as a sole trader?

The type of insurance you will require as a sole trader will vary, and depend on your occupation.  For example, are you a mobile tradesman, a salesperson or do you own a business premise?  Are you a property owner, importer/exporter or a professional providing specialist advice?  The list of potential insurance policies you may require, based on your individual circumstances, is exhaustive.  It is best that you speak with an expert insurance broker to ascertain which policies you should consider, when protecting yourself and your business. 

 

Westralian Insurance would love to help!  Call one of our professional and friendly, full qualified insurance brokers on (08) 9302 1388 or visit www.westralianinsurance.com.au today!

 

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

What is Business Interruption insurance?

Business interruption cover is designed to replace the income of a business in the event of a loss that renders them unable to trade.  It can be calculated on the turnover or gross profit of the business and it is usually triggered by a material damage claim such as a fire or storm, which prevents the business from trading temporarily.  The property damage claim is covered separately and the business interruption cover is usually engaged afterwards in order to replace the income caused by the interruption in normal trade.

If you have business insurance questions or need insurance, Westralian Insurance can help.  Our professional and friendly staff are full qualified and here to help.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au

What is Cyber Insurance?

Cyber Insurance is designed to protect businesses from the financial impact of computer hacking or data breaches.  It can provide cover for many potential losses including Business Interruption, Cyber Extortion, Electronic Data Replacement and Crisis Management expenses amongst others.

Technology continues to move forward at an astonishing rate, with most businesses relying on computers to manage much of their business information.

Isn't it time you looked at Cyber Insurance for your business?

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

Persistence and perseverance eventually pay off in a real battle of a claim.

A couple of years ago, a long-term client who was a truck driver, took out a Personal Accident and Illness policy with Westralian Insurance.

What happened

Early one night at home, he fell down his stairs and injured his leg.  At the time, he didn’t think he had done anything serious.  The pain was extreme, however he assumed he just had a minor injury. 

He had dinner and a beer, but with the pain becoming increasingly worse, his wife decided to drive him to the Emergency Department of his local hospital. 

Shortly after, scans revealed that he had in fact broken his leg and would need at least three months off work to recover.

On admission to the hospital, the doctor had noted he could smell alcohol on our client’s breath, so the Personal Accident insurer immediately declined the claim.   We argued that alcohol was consumed AFTER the accident and the hospital had never undertaken a blood test or breathalyser to prove he was intoxicated.

The insurer once again declined the claim.

We then had the matter referred to the insurers Internal Disputes Facility and their management also declined the claim.

The outcome

Not happy with this decision, we involved AFCA (Australian Financial Complaints Authority) who in turned agreed with us and forced the insurer to pay the claim.

The client was extremely happy that he had an insurance broker on his side, armed with knowledge and the facts, in order to push the claim decline further and further, until all options had been exhausted.

The insurer agreed to pay out the claim and we are happy to report that our client has made a full recovery and is back working again.

This true story is another demonstration of our commitment to our clients, and an example of why you should engage a professional insurance broker.

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

 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