One of the most frequent questions most asked by Small Business Owners

Almost every small business owner may have asked themselves this question, especially at the start of their business venture. It goes right along with “Why not just save time and call the insurance companies for quotes and pick one”?

in this article, we will show you why RSM Tasmania is the local insurance broker Tasmania needs.

Most business owners in Australia understand that they need insurance. 

Some insurances are mandatory, such as workers’ compensation insurance. Failing to have the required insurance coverage can result in penalties or fines.

But that isn’t the whole story.

Business insurance can help protect a business from financial loss due to events such as property damage, theft, liability claims, or business interruption. Without insurance coverage, a small business owner may have to pay for these losses out of pocket, which can be financially devastating.

Knowing they have taken these steps to protect their business can help business owners focus on the thing they do best. Running their business and making it successful.

And this is where your Broker excels.

Let’s start with the elephant in the room. Small businesses are often working on limited budgets and may want to prioritize where those funds are used, like paying rent or buying inventory. It is true that insurance premium costs are unlikely to be lower if you go through a broker.

But the benefits far outweigh the additional few dollars.

Insurance is a complicated maze of jargon and terminology. Brokers understand this thought experience and training and that gives you two huge benefits when it comes to your insurance policy.

1. They can explain in simple terms what the policy is all about and what requirements it has to make sure it covers your needs. 

2. Because you are dealing with a broker on a one-to-one level, and not through a call centre, you can discuss the exact needs that your business has. Every business is slightly different and a broker can make sure that the insurance coverage you have is right for you, not the insurance company.

3. A broker can mix and match policies from different insurance companies to provide you with the best overall cover.

4. Dealing with a broker on a personal level makes it easier to address changes in your business, as it grows, and how your insurance may need to adjust to cope with the changes

5. When it comes to claiming against your policy, the broker is on your side. They can speak with an insurance company in their own language.

More claims are successful when they are made through a broker.

At RSM Tasmania we pride ourselves on providing expert advice on a wide range of policies and designing something that suits your needs down to the ground. If you need to make a claim we are there to represent you and help you to achieve faster and more positive outcomes.

For more information contact the insurance professionals #RSMTasmania today.

Roger Hosie will be happy to explain what you need.
Please call
(03) 6244 7854, or email rogerh@rsmgroup.com.au

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