As a small business owner, you know your business is you and your family's livelihood. Protecting it properly essentially helps to protect your financial future and provides you peace of mind so you can focus on growing your business. The risks you face come in a wide variety - some of which you can mitigate, while others are unpredictable and unpreventable.
These events could cause damage to your ability to operate, or your property, or worse, to people. Many small businesses won't financially survive a significant event with only the resources on hand, and that’s where insurance is designed to function as your safety net.
We've all experienced some side effects of the recent heatwave across our great state - sleepless nights, occasional power outages as our power grid struggles to keep up with our air conditioners, cars, people and animals overheating and getting sunburned... but did you know grapes could get sunburned, too?
With some record breaking warm weather, there are additional risks that the vines could die or grapes can shrivel prematurely (the cells inside the grape start to die, reducing the grape's capacity to hold water) or burn in the hot sun.
These days with nearly everything at our fingertips with the click of a button, is there any need for an insurance broker? Before we can answer that question, it's worth understanding what an insurance broker is, and what they do.
With South Australia's first ever driver-less bus taking to the roads, Managed Insurance Solutions thought it was timely to have a look at what these driverless vehicles might mean for insurance in the future.
It's exciting technology, to be sure, and offers huge opportunities - especially if you think of our ageing population that may not have ready access to public transportation. It could also increase road safety, as the driver-less vehicles don't get tired, distracted by their phone or get behind the wheel after too many drinks.
As you might be aware, there was a recent salmonella outbreak in a South Australian bakery, which impacted over 30 people. How would your restaurant or cafe business cope with the direct and indirect costs (such as damage to your brand and reputation) of something like this? Read below for some tips on how you can prevent a salmonella outbreak from occurring, what type of risk management practices you can put in place and what kind of insurance safety nets are available.
Make a resolution to review your policies and coverage.
As we begin a New Year, many of you have put together some New Year’s resolutions. Of course this makes going into a New Year fun and helps a person develop some goals. This is also an excellent time to re-evaluate your insurance solution... check out our insurance checklist to get you started!
Many businesses are not sure if they need (or perhaps just don't understand) business interruption insurance. In this post, we'll try to explain business interruption insurance, and why your business may want to consider it.