There are a number of measures you can take to protect your workshop.

There is a type of insurance policy called Business Interruption cover. This could help your business if an insured event like a fire prevents you from trading.

If it’s any comfort at all, you’re not the only business that has faced this problem. I know it’s too late for you, but to avoid it happening again...

One of the most common mistakes business owners make is being underinsured.

Business Interruption is a type of insurance that every small business should have – but only around 50% do.

Public Liability policy covers your legal liability to third parties for personal injury and damage to property caused by something connected to your business.

You certainly can and you’re very wise to think of this.

It can happen to you and it’s a worrying possibility. Unfair dismissal cases seem to be more common these days but there is an insurance cover that can help you.

Be very careful! Have you heard the old expression “penny wise, pound foolish?” By trying to reduce your premiums, you’re running the risk of joining the thousands of small Australian businesses that are actually underinsured.

There are a lot of simple tactics that should see your premises through your holiday and give you peace of mind.

Most businesses have a public liability policy which covers accidents like this.

It’s a grey area isn’t it. But corporations can guard their visual identity very closely. There’s a type of insurance called Professional Indemnity that is designed to protect people like you and your friend who give advice to your clients. Financial advisers, architects, accountants etc are all liable to be sued for the advice they have given in good faith. Professional Indemnity Insurance can protect you.

Be very careful! Have you heard the old expression “penny wise, pound foolish?” By trying to reduce your premiums, you’re running the risk of joining the thousands of small Australian businesses that are actually underinsured. Ask your accountant or insurance advisor to conduct an audit of your needs. You might save some money…but you won’t risk being underinsured.