Insurance

Running a business carries risk. Having appropriate and adequate insurance is essential for any business as it provides protection against specified risks which may otherwise have catastrophic consequences for the business.

However, as with many things in life, when it comes to insurance, you get what you pay for. For many businesses, insurance is viewed as a grudge purchase where the least cost policy is often seen as the best option. Cost is certainly important, but so too is ensuring that the policy provides the cover that your business needs.

Very few of us have either the time or the inclination to read all the fine print in an insurance policy and that’s why it’s important to seek expert advice when choosing insurance for your business. There’s no point buying a policy which excludes certain types of work if your business occasionally or regularly undertakes such work.

It’s vitally important that you get the right advice, be it from your insurer or your insurance broker, to ensure that you obtain insurance cover that’s appropriate to your needs. NECA Tasmania has an alliance with an experienced insurance broker, Brookvale Insurance Brokers, that can advise and assist members with their insurance needs.  Whatever you do, ensure you seek expert advice.

NECA Tasmania members can contact Brookvale direct on 1800 638 554.