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Purchasing business insurance will help protect your business financially from potential losses resulting from unexpected events or circumstances. Understanding what risks your business is exposed to and limiting its financial exposure by insuring its assets, revenue and liabilities makes sense.
Insurance can protect against direct losses related to an event or circumstance (such as damage to building, contents, stock or electronics, or protection against employee theft or fraud), losses related to claims of third party costs due to error or omissions (professional indemnity) or losses related to temporary business interruptions. Certain types of insurance including employers’ workers compensation, third party personal injury and public liability insurance are mandatory by law under certain circumstances.
Finance or insurance premium funding can also be sourced to help manage insurance expenses.
To learn more about how insurance can help your business, contact a BusinessFinance.com.au consultant today.Contact Us