Getting back on your feet after a setback, can be far simpler with an insurance broker on your team.
A setback in your small business can end up costing you far more than your visible assets. It can impact upon your revenue, your customers, the livelihoods of your staff and your professional reputation.
This is why the right insurance cover is such an essential part of running a small business. In the event you need to make a claim, here are the steps you need to take.
First things first – get the right advice
An insurance policy is effectively a promise by the insurer to be compensated in the event of any covered losses. If you’re well prepared, making a claim can be a straightforward process. However, every business is unique and has different needs – choosing the right insurance policy for your business isn’t something to be taken lightly.
Your best bet is to rely on the skills and knowledge of a Steadfast insurance broker. Your insurance broker will get to know your business, explaining policies by translating ‘insurance speak’ into ‘human speak’. They’ll help ensure you’ve got the right cover for scenarios that could arise, which will ease your mind if a setback was to occur.
Remember, exclusions and the excess you need to pay can vary greatly depending upon your insurer, so ask your broker to outline these for you, plus the limit on each insured benefit.
Case study: See how Webjet plays to their strengths, with an insurance broker on their team.
Handling an event
In the event of a loss in your small business, you should do whatever is necessary to prevent further loss or property damage – providing it is safe to do so. This could include: evacuating the property, calling the police or fire brigade, or calling other emergency services. You may also need to investigate the causes of the damage.