A simple guide to property & building insurances
Insurance is best known for its value in protecting and safeguarding your investment in physical assets like buildings and possessions. Below is a shortlist of some of the most common property and building insurance policy types and terms you’ll need to know. 🏡Home Insurance Covers your building against things like flood, fire, explosion, natural disasters […]
The insurance covers Cabinet Makers must have
Insurance can be a significant cost for most cabinet makers. It is therefore important that you consider prioritising your insurance spend on a “must-have basis”. There are three primary loss events that are considered to be catastrophic in nature and would therefore require “must have” insurance covers. These include: property, business interruption and legal liability […]
5 things Cabinet Makers should know about insurance
Cabinet makers come in all shapes and sizes. Some business may design, manufacture and install, whilst others choose to provide mono-line services such as; manufacture or design or install. With an average expense/turnover ratio of 77-92% (ATO Benchmark), operators are often looking for cost savings and efficiencies. Insurance is a significant cost but a necessary […]
How to make a workplace happier for your staff
It’s easy to get caught up in the day-to-day running of your business and forget about your staff and their wellbeing. But if your staff are happy in their work then this is a large part of what makes a successful business. Taking the time to hire the right people and create the kind […]
How to Invest in Your Staff to Inspire Loyalty
Do you find it easy to retain staff or do you have a high turnover? Staff loyalty isn’t something that’s easily gained, but it’s worth working at. In fact, losing key staff is a business risk that all businesses should consider. A team of loyal staff creates stability, fosters trust and enables you to meet […]
Our Top Tips on Staying in Business for the Long Haul
No matter what industry you’re in or where your business operates, all business owners share a common goal: longevity. The whole idea of running a business is that it’s successful and sustainable so obviously, business owners are counting on a long term future for their organisation. However, a lot of businesses simply don’t survive in […]
4 Surprising Things Your Business Insurance Might Cover
When researching options for insuring a small business, most business owners tend to only consider the obvious factors like building, contents and business products. However, there are other risks associated with running a business, which may not immediately spring to mind, that can pose just as much, if not more, damage. Below we’ve explained 4 […]
What is Business Interruption Insurance?
One of the most frightening things about running a business is the ‘great unknown’. How would your business survive an unexpected loss or an unforeseen closure? How would you pay for the repair or replacement of expensive assets without a steady flow of customers? Depending on the event that occurs, your business could be out […]
Trade Credit Insurance for SMEs from Allsafe Insurance
Trade credit insurance protects your business against unpaid credit debts and customer insolvency. In this article, we take a look at Fire Plus, a genuine SME, and discuss what happened to them when they were hit with an unexpected loss of $200,000! Fire Plus provides a significant line of credit to some of its key […]
Two Simple Reasons Cheap Insurance can Leave you Underinsured
Choosing insurance that is right for you can be a tricky and time-consuming task. Online insurance policies have taken this perception and marketed it to their advantage. As a result, consumers now perceive online insurance policies as easier, cheaper and generally hassle free. In some ways these perceptions might be correct, however in others […]
