Reg­u­lar in­sur­ance ad­viser crit­i­cal

North East & Goulburn Murray Farmer - - NEWS -

AS hap­pens all too of­ten after a busi­ness ex­pe­ri­ences a sig­nif­i­cant loss or set­back, not hav­ing suf­fi­cient fi­nan­cial pro­tec­tion for as­sets can leave you with a big bill, or worse, put you out of busi­ness.

One of the best ways to help avoid un­der­in­sur­ance is to have an ex­pe­ri­enced in­sur­ance ad­vi­sor pro­vide a com­pre­hen­sive re­view of your as­sets to en­sure you are ad­e­quately cov­ered.

“Change to busi­ness op­er­a­tions can come in many forms and it is im­por­tant to reg­u­larly re­view sums in­sured and cover in place”, said agent John Houghton from El­ders In­sur­ance Wan­garatta.

“It may be ren­o­va­tion to com­mer­cial prop­er­ties which in­creases their value, and more im­por­tantly, the cost of re­build­ing them in case of loss or dam­age”, said Mr Houghton.

It could also be the ad­di­tion of new ma­chin­ery or equip­ment which needs to be pro­tected from the fi­nan­cial risk of break­down, dam­age or theft.

“In­sur­ance isn’t a lux­ury, but a crit­i­cal part of any de­ci­sion to in­vest in new busi­ness as­sets”, said Mr Houghton.

By talk­ing through new pur­chase and devel­op­ments with an ad­vi­sor, busi­ness own­ers can en­sure that they view each de­ci­sion from a risk man­age­ment per­spec­tive.

And though eco­nomic times may still be try­ing for many busi­nesses, a ma­jor loss can cause a sig­nif­i­cant im­pact on your liveli­hood with­out the right cover in place.

Con­tact John Houghton of El­ders In­sur­ance Wan­garatta on 0407 303 691 for a free quote on your in­sur­ance re­quire­ments.

Al­ter­na­tively, call into the of­fice at 24 Rowan Street Wan­garatta and ask for John.

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