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The Insurance Council of Australia estimates that 70 percent of underinsured and uninsured small businesses affected by a major event such as a legal claim, earthquake, fire or storm never recover.
Intelligent insurance decisions are essential to business success. The following pages outline some of the insurance issues facing business starters. No matter what your circumstances, be sure to consult a professional insurance broker or advisor who can help you to decide the best approach for insuring your business.
 | Insurance for small businesses (PDF 121Kb) |
| An easy to follow guide to: the wide range of small business insurances and the protection they offer; the benefits of using an insurance broker and where to find one in your area; compulsory WorkSafe Injury Insurance; and where to go to resolve insurance disputes. |
Outlines the risk reduction responsibilities of employers, the role of a risk assessment and the importance of identifying and controlling any risks existing in your workplace. Also provides a method for conducting a detailed risk assessment.
Looks at some of the major forms of property and assets insurance including fire and other perils, goods in transit and motor vehicle insurance.
Provides a definition of public liability insurance and outlines why it is useful to both individuals and operators of commercial or non-commercial operations. Also explains the concepts of liability and 'duty of care'.
What is professional indemnity insurance, who is it for and who does it affect? Includes links to other organisations who can provide further advice.
Describes insurance policies that can protect against a loss of revenue in the event of business interruption. Defines 'loss of revenue' insurance (also known as 'business interruption'), the events it generally covers and its importance to certain businesses.
Provides an introduction to some of the WorkCover insurance issues that affect employers. Advises which employers are required to hold WorkCover insurance and outlines an approach to improving workplace safety.
Explains the role and function of insurance brokers and how to find one. Also includes information about where to find alternative advice on insurance and taxation issues.
Provides a guide to the process of making a claim, outlining the information and documentation that will need to be provided.
