What You Can Do to Stop Your Premium Increasing
With such a hardening market for premiums, how can you minimise the anticipated premium rise this financial year?
As Australia emerges from lockdown, businesses are now facing the next hurdle.
As they adapt to the post-COVID landscape, some will be looking at how to adapt their business models to comply with new hygiene and social distancing requirements, while also saving on unnecessary costs.
However, now is not the time to cut back on insurance: with many businesses holding fewer cash reserves, insurance still provides important financial protection against unexpected setbacks, like fire, storms or theft.
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Photo by Andrea Donato on Unsplash
With such a hardening market for premiums, how can you minimise the anticipated premium rise this financial year?
An indemnity is a promise or guarantee to compensate someone for loss or damage suffered.
Wouldn't it be simpler and easier if you could insure your whole business with a single policy? There are two types of insurance that can do just that. This article will demystify industrial special risks insurance (known as ISR) and Business Pack Insurance, so you can consider which umbrella protection suits you best.
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