INSURANCE. Nov / De c

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1 1 Nov / De c

2 AUSTRALIANEARTHMOVING.COM.AU BUSINESS ARE YOU COVERED? One of the keys to a successful business is to ensure you cover yourself for all situations that may arise on site. Accidents happen, and it s critical to ensure that you and your client are covered in the event of a problem. Inadequate cover can be just as dangerous as no cover at all! Protecting your assets, your finances, your family and your reputation is critical to long term business success. Let s have a look at what some of the key areas of business insurance are: Business Insurance Plant/Machinery/Equipment Insurance: Cover for material damage to plant/machinery and equipment including road liabilities arising out of the use of road registered equipment. Liability: Public and Products liability. Protecting your business against litigation from third parties that may suffer property losses or injury. Business Interruption: Protects against the consequential losses arising as a result of an insured property loss. Machinery Breakdown: Provides cover for physical loss or damage to machinery for breakdown whilst in operation. Transit/Cargo Insurance: Cover for physical loss or damage caused to insured goods whilst in transit. Whether as the owner of the cargo or as the carrier, there are various types of insurance cover to protect goods in transit. Commercial Motor/Fleet Insurance: All types of commercial motor insurance including unregistered vehicles. 62

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4 Risk insurance Income Protection: Income protection provides monthly benefit payments to replace up to 80% of your income if you are unable to work due to sickness or injury. These monthly payments allow the life insured to meet their regular expenses while they are unable to work. Life Insurance: Life insurance offers peace of mind that the individual s interests will be protected if they die or are diagnosed with a terminal illness. It might be helpful to clear the mortgage and other debts, whilst providing for the family day to day expenses. Disability Cover: Disability cover provides a lump sum payment if the individual becomes totally and permanently disabled. Critical Illness Cover: Critical illness cover provides a lump sum payment if the life insured suffers a specified trauma condition. This may assist with medical costs and clearing debt so the life insured can focus on making a full recovery at their own pace. It s also important to know that premium funding is available payments can be made monthly instead of annually to protect cash flow and to allow you to get the right amount of cover. It s a soft market for insurance at present, and if you haven t had your insurance reviewed recently, now is the time to get a health check. It allows for peace of mind that you have the right cover, but will more than likely save you money on your premiums. Using an insurance broker with experience in construction and earthmoving is a great way to ensure you receive the best advice. A broker can assess your position and place your cover where it is best for you, not just with a single insurer. Make the call to a broker today protect your business, your contractors and your family. 64

5 AUSTRALIANEARTHMOVING.COM.AU HEALTH CHECK Don t wait until it s too late! Moody Kiddell offer a free insurance health check, identifying gaps in cover and opportunities to reduce your costs. We can help with: Liability Business Interruption Construction Professional Risks Plant & Equipment Commercial Vehicle/s Why choose us? We specialise in insurance and will help explain everything so you will understand We have a national footprint with a large, qualified team We provide high quality advice and spend time understanding your situation We will customise a program to suit your needs Our staff are experienced claims managers, ensuring you get the best outcome We offer a full solution with access to industry specialists and have the ability to bundle services We are multiple award winners General Insurance advice provided as an Authorised Representative of Insurance Advisernet Australia Pty Limited ABN Australian Financial Services License No CONTACT US FOR A FREE REVIEW ON