Business Insurance

Need a second opinion on your corporate insurance profile?

Call AAIB

or email for a free review.

AAIB^®
AFS Licence 229568
ABN 41 063 324 998

Level 2, 8 Thomas Street, Chatswood, 2067.
Tel: +61(2) 9904 7888
Fax: +61(2) 9904 7388

PO Box 773, Chatswood 2057.

info@aaib.com.au

Successful businesses manage their risks by:

		Identifying what risks their business may face;
		Determining the cost (albeit most often unknown) to ther business and to themselves personally should such events occur;
		Decide whether they can take the risk themselves (i.e. self insure) or share it with others (other insureds) through an insurance company (i.e. buy an insurance) at a pre-determined cost (premium);
		Notwithstanding self-insure or buying an insurance, take all steps necessary to minimize the chance of the damage or loss actually happening.

In return, the business can continue to take business risks (i.e. remain in business) in order to build wealth without fear of being struck down by the first mishappening.

Insurances to help you manage your risks


Nursing Agencies Insurance Merger & Acqusitions Insurance IT Liability Insurance Trade Indemnity Insurance	Commercial Package Insurance Liability Insurance Professional Indemnity Insurance Directors & Officers Insurance Employee Fraud Insurance Employment Practices Insurance	Machinery Elec Equipment Breakdown Motor Fleet Insurance Marine Insurance Contract Works Insurance Commercial/Residential Strata Insurance Key Executive Insurance Legal Expenses Insurance

Worst things a business can do to their risk management

		Ignore risks, even those that are widely known to have affected businesses similar to theirs;
		Know their risks but gamble that it will never happen to them;
		Under-insure so to “save” premium. So when a claim arises, they will be “under-compensated”;
		Buy their insurance but leaves the cover outdated whilst their business changes from day to day. The end result is either they keep wasting premium on unnecessary cover or leave themselves exposed to uninsured risks;
		Choose the insurance based on premium only without understanding what actually is being covered or how good is the cover;
		Not reading their insurance documents - until there is a claim
		Leave it to the insurance without taking effective measures to minimize the risk.


	Copyright AAIB^®2008. Level 2, 8 Thomas St, Chatswood NSW 2067, T:+61(2)9904 7888 F:+61(2)9904 7388 info@aaib.com.au


	Updated: 16/10/08