What is an insurance policy?

An insurance policy is a contract between an insured party (a private individual or a business for example) and an insurance company.  The insured is agreeing to pay the insurer a premium in exchange for the insurer bearing the risk of loss on behalf of the insured, for a pre-agreed period of time (usually 12 months). 

The type of loss to be covered varies depending on the insurance policy, but can cover anything from motor vehicle and home damage, to defamation and litigation claims.

For more information on insuring your most precious business assets, contact the knowledgeable and friendly staff at Westralian Insurance.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au today!

What happens if you don’t have business insurance?

If you don’t have business insurance, you are putting your business and your livelihood at serious risk.  Business insurance provides you with comfort in the knowledge that you have protection in the event of fires, storms, burglaries and many other potential risks.  Without it, you are trading without a safety net and effectively electing to 'self-insure'.  This means your own money and assets are on the line in the event of a loss involving the business.  Without adequate resources to cover such a loss, you may end up having to close the business.

For professional insurance advice and an obligation free quote for your business, call the fully qualified staff at Westralian Insurance, on (08) 9302 1388, or visit www.westralianinsurance.com.au