Are You Prepared For The Unexpected
As providers of the Small Business Insurance Tasmania needs to keep Tasmanians safe, we, at RSM Tasmania, know that winter brings more than colder temperatures and shorter days.
For many Tasmanian businesses, the winter months can introduce a range of risks that have the potential to disrupt operations, damage property, and create unexpected costs.
From storm damage and water ingress to slips, falls and power outages, winter can test even the best-prepared businesses. Taking a few simple precautions now could help reduce the likelihood of a costly insurance claim later.
For more information about protecting your business, visit https://rsmtasmania.com.au/
Slips, Trips And Falls Increase During Winter
One of the most common winter-related risks is the increase in slip and fall incidents.
Wet footpaths, muddy entrances, and rainwater tracked indoors can create hazardous conditions for both customers and staff. Something as simple as a wet floor near an entrance can quickly become a public liability claim if a visitor is injured.
Businesses can help reduce their exposure by:
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- Using non-slip floor mats
- Displaying wet floor signage
- Regularly inspecting walkways
- Ensuring adequate lighting around entrances
A little prevention can often avoid a much larger problem.
Storm Damage And Water Ingress
Tasmanian winters can bring strong winds, heavy rain and severe weather events.
Even minor roof leaks or blocked gutters can allow water to enter a building, potentially damaging stock, equipment, furniture and fittings.
Business owners should consider:
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- Checking roofs and gutters regularly
- Trimming overhanging branches
- Securing outdoor furniture and signage
- Inspecting drainage systems
Identifying maintenance issues early may help prevent larger losses during a storm event.
Power Outages Can Be Costly
Winter weather can sometimes result in power interruptions, particularly during severe storms.
For some businesses, a power outage may be little more than an inconvenience.
For others, it can mean lost trading time, spoiled stock, interrupted operations and frustrated customers.
Restaurants, cafes, retailers and businesses that rely heavily on refrigeration or computer systems may be particularly vulnerable.
Business interruption insurance may assist in certain circumstances, depending on the nature of the loss and the policy in place.
Don’t Forget About Heating Equipment
Portable heaters, electrical appliances and additional heating equipment often work harder during winter.
Faulty electrical equipment can increase the risk of fire, while overloaded power boards may create additional hazards.
Regular maintenance and safe operation of heating equipment can help reduce risk and improve workplace safety.
Winter Is A Good Time To Review Your Insurance
Winter often highlights risks that may not receive much attention during warmer months.
It’s a good opportunity to review your insurance arrangements and ensure your cover still reflects your business’s current circumstances.
The Australian Government provides useful guidance on managing business insurance and reviewing cover as risks and business circumstances change. Check out this link for some good advice:
Business.gov.au – Manage Your Business Insurance
https://business.gov.au/risk-management/insurance/manage-your-business-insurance
At RSM Tasmania Insurance Brokers, we help business owners across Tasmania understand their risks and arrange insurance solutions suited to their individual needs.
Because while nobody can control the weather, being prepared for the unexpected can make a significant difference when winter conditions arrive.
Remember, this article is general in nature and doesn’t take into account your specific objectives, financial situation, or needs. For advice tailored to your circumstances, have a chat with us at RSM Tasmania Insurance Brokers Hobart.
Talk to Roger Hosie and stay ahead with RSM Tasmania’s insights.
Call Now! (03) 6244 7854, or email .
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