Every day, your company is faced with risks that could threaten it's financial wellbeing. While it's impossible to avoid them all together, taking measures to manage these hazards can help to protect your business' future should the worst happen. The most important aspect of any risk management strategy is a business insurance package that can give you the cover you need to be able to recover from negative events.
Cover that's tailored for your needs
When it comes to finding the right business insurance, one of the biggest mistakes you can make is to leave your business inadequately protected by implementing a general, one-size-fits-all package that does not cover the specific threats your organisation faces. You risk finding yourself in a serious position when the insurance you thought would save you fails to give you complete cover. That's why a comprehensive package tailored to the specific needs of your company is essential to ensure you are protected in every circumstance.
Insurance can be complex, so purchasing cover is often a challenging process. Luckily, insurance brokers are able to source products from across the market to equip your business with the right policy. This can take a several different forms, depending on the size and requirements of your business.
- Business insurance can cover a range of assets, including protection against damage to your property and motor vehicle, and defending against the loss of revenue and business interruption. Additionally, you get cover for public liability, professional indemnity, and management liability.
- Meanwhile, SMEs have different needs to larger enterprises, so it's important that their insurance policy and premium reflects this. Specialised package policies for small and medium businesses simplify their insurance needs, and cover a combination of risks such as buildings, contents and stock, machinery breakdown, liability, burglary and glass.
What to expect from your broker
When obtaining business insurance from a broker, you will first meet with a representative at your premises to discuss your concerns, your needs, the risks you face, and the way you run your business. They will then use this information to find a suitable product on the market, and provide you with recommendations and a reliable quote tailored to your requirements.
This allows your business to be analysed with a fresh set of eyes, meaning the needs and threats are carefully taken into account. In addition, brokers' long term relationships with insurers allows them to find and negotiate the terms of the most appropriate policy at a competitive price.
Standing by you, when you need it most
Throughout the entire process, MGA is your trusted ally. We work for you, not for insurers, so will keep the interests of your company at heart when finding an insurance policy. Whether you need to alter your policy, make an insurance claim, or you just need advice, MGA takes care of everything, acting as an advocate for your business.
At MGA, we use our extensive presence in Australia and 40 years of experienced to source the business insurance that is going to stand up to risks in real life, not just on paper. For more information, or to get a comprehensive quote of the policy you need, talk to the team at your local MGA Branch.