Spring is sprung, the grass is riz…
and just like the gardens of Hobart, your business risks are ready to grow if you don’t keep them in check.
While most of us welcome Spring by opening the windows, sneezing at pollen, and making a brave attempt at sorting out the garage, it’s also the perfect season to look at something far less dusty but just as important—your business insurance.
At RSM Tasmania Insurance Brokers Hobart, we think Spring is more than just an excuse to chase the spiders out of the shed. I
It’s a reminder that your insurance should grow and change alongside your business. Whether you’ve invested in new gear, added staff, or expanded your services, your cover needs to keep pace—or risk being as outdated as your trusty pair of old gumboots.
Why It Pays to Spring Clean Your Insurance
Business insurance can quietly go stale in the background while life marches on. Maybe you’ve installed new computers, picked up a shiny coffee machine to fuel productivity, or launched an extra service line. But if your insurance hasn’t been updated, you could be paying for cover you don’t need—or missing protection you do need.
The world itself has also changed. Cyber risks are sharper, supply chains are shakier, and regulations don’t sit still for long. A policy that made perfect sense a year ago might not be worth much if the unexpected happens tomorrow.
Think of it like leaving last year’s hot cross buns in the pantry—you wouldn’t want to bite into something that hard, and you shouldn’t rely on insurance that’s gone stale either.
Spring Cleaning Checklist for Your Policy
Here are a few quick wins to consider while giving your cover a polish:
🔹 Update Your AssetsBought new gear? Add it. Cleared out the ancient fax machine? Take it off. You wouldn’t keep paying registration on a car you sold years ago—so why keep insuring assets you no longer have?
🔹 Reassess Liability
If your team has grown or your services have changed, your liability cover should reflect that. More people and more services usually mean more potential risks—so double-check you’ve got enough protection if things go pear-shaped.
🔹 Refresh Business Interruption
Remember that flood that turned the office carpet into a water feature? Business interruption cover helps you survive those hiccups by covering costs and lost income during downtime. Make sure your policy lines up with your current operations and location.
🔹 Recheck Workers’ Compensation
Growth is great—until you realise a new hire slipped through the cracks on your policy. Workers’ comp isn’t just smart, it’s required. Protect your team, protect yourself.
🔹 Scan for New Risks
Cyberattacks, regulatory changes, new market conditions—risks don’t stay still, so your insurance shouldn’t either. Treat it like replacing the smoke alarm batteries—it only takes a moment, but it can make all the difference.
Out With the Old, In With the Right Cover
Spring cleaning your insurance doesn’t have to mean hours lost in a paper jungle. With a little help, you can sweep out what’s outdated, polish what matters, and be confident your business is protected for the year ahead.
At RSM Tasmania Insurance Brokers Hobart, we do more than tick boxes—we work with you to tailor cover that’s fresh, relevant, and risk-ready. Think of us as your insurance gardeners: pruning what’s overgrown, planting what’s missing, and making sure your policy blooms in all the right places.
And if you’d like a government-backed overview of business insurance types in Tasmania—from workers comp to liability and beyond—the Business Tasmania “Insurance” page is a great resource to explore: Business Tasmania – Insurance.
🌼 So before you get stuck into the veggie patch or fire up the barbecue for the first sausage sizzle of the season, give your insurance a once-over. It’s the easiest spring clean you’ll do—no dust mask required.
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 .
