If you run a small business then you simply must have appropriate insurance. It is false economy to try and save money by not having insurance cover, as the possible costs of being uninsured far outweigh the paltry cost of insurance premiums. Liability insurance is essential to protect yourself and your assets.
If you employ staff, by law you must have WorkSafe Injury Insurance. If you are the sole employee of your own incorporated company, you must have WorkSafe to cover yourself. If you’re a sole trader or in a partnership, you are not eligible for WorkSafe, so it is wise have sickness and accident insurance.
The list below is by no means comprehensive, but small business insurance can cover such things as:
– Public liability
– Products liability
– Professional indemnity
– Business interruption
– Machinery breakdown
– Management liability
Every business is different and every business has different insurance needs, so call Melbourne Insurance Brokers on 03 9686 0688 to talk to someone who understands insurance for small business and will tailor a policy to suit your business.