What to Review Before the New Financial Year
RSM Tasmania is the local insurance broker Tasmania needs to protect your business, your assets, and your peace of mind—before the June 30 deadline rolls around.
Just like you wouldn’t skip your tax return (well, not on purpose), the end of the financial year is also the perfect time to review your business insurance.
Why? Because a lot can change in 12 months—maybe your business has expanded, you’ve hired staff, bought new equipment, or branched into new services. And if your insurance hasn’t kept up, you could be left exposed.
🧾 What to Look For: Your EOFY Insurance Checklist
Before you start popping EOFY sale balloons, take a moment to run through this:
✅ Review your current policies – Are your sums insured still accurate? Are you still covered for the right risks?
✅ Assess new assets or equipment – If you’ve bought gear this year, make sure it’s covered.
✅ Consider changes in operations – Have your business hours, locations, or services changed?
✅ Look at employee numbers – This can affect your Workers Compensation and liability cover.
✅ Check your business interruption insurance – Could you survive if operations halted suddenly?
✅ Update cyber insurance – Digital threats evolve fast. Is your protection still current?
🔧 Have You Grown? Then So Have Your Risks.
Business growth is a great thing—but it also means you’ve got more to protect. An old policy might be out of date or simply no longer fit for purpose. And if you haven’t reviewed your cover recently, you could be one broken pipe or legal dispute away from an expensive lesson.
🤝 Get Help from the Locals Who Know Local Business
At RSM Tasmania, we help local businesses protect what matters most. We know Tasmania. We know insurance. And we’ll ask the right questions to make sure you’re covered properly—before the unexpected happens.
Give us a call before June 30. A quick review now could save you a big headache later.
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 your Local Insurance Broker, RSM Tasmania Insurance Brokers Hobart.
Talk to Roger Hosie and stay ahead with RSM Tasmania’s insights.
Call Now! (03) 6244 7854, or email .
