What is an insurance excess?

An insurance excess, also known as a deductible, is the portion of a claim payable by the insured party.  

Most insurance policies will have an excess applicable when a claim is lodged, but every policy is different.

To understand your insurance obligations and ensure you have the best insurance policy including coverage, talk to the professionals at Westralian Insurance.

Visit www.westralianinsurance.com.au, or call the team on (08) 9302 1388 today!

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

What is builders construction insurance?

Builders construction insurance is also known as contract works insurance.  It can provide a range of different benefits for a builder by covering tools, plant and materials on a construction site.  Public liability can also be included by most insurers, as well as hired-in plant and equipment.  The most common claims on builders construction insurance are theft of materials from site, and fire or storm damage.

If you're a builder and would rather be managing the construction instead of paperwork, call the friendly and knowledgeable team at Westralian Insurance.  We'll review your business risks and assets, and prepare a quotation which ensures you are fully covered.  Tailor made insurance for your business.

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

What is workers compensation insurance?

Workers Compensation provides cover for medical expenses and loss of income in the event of work-related illness or injury.

If you have employees, Workers Compensation insurance is a legal requirement.

For more information or an obligation free quite, call the friendly professionals at Westralian Insurance on (08) 9302 1388, or visit www.westralianinsurance.com.au

Do I need insurance for my rental property?

Landlords insurance is very important for a rental property, in order to cover the building's and landlord's contents.  The tenant is required to insure their own contents. Landlords policies can also be extended to cover loss of rental income in the event of a claim.

If you have a rental property, get the right advice to ensure you are properly protected.  Call the friendly professionals at Westralian Insurance today, on (08) 9302 1388, or visit www.westralianinsurance.com.au

Do I need insurance for my trailer?

Motor insurance is required for a road registered trailer, which can either be comprehensive, third party fire and theft or third party property damage only.

Often, trailers contain tools or other expensive, hard to replace items, so it pays to ensure they are also protected.

For more information or an obligation free quote, contact the friendly staff at Westralian Insurance.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au