Regular insurance adviser critical
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.