You’ve Got Questions - We’ve Got Answers
We’ve compiled some of the most common questions we receive below with our answers to help.
Feel free to contact us with any other inquiries you may have or if you still need further help.
Why use an Insurance Broker?
An insurance broker can help you save time, money, and stress. Brokers will also assist you in understanding the coverage you require and can purchase that coverage on your behalf from the local Australian or Global insurance markets.
Often, businesses will make a decision based solely on price, which can backfire in the event of a claim if you discover you're not adequately covered, or even not covered at all, for the loss that occurred.
Brokers provide advice and assistance to ensure that you are properly protected, whether it is for business property, operations, customer liabilities, mobile assets.
The advice is tailored to your specific requirements.
How can Flooring Protect help my
As highly experienced Insurance Brokers & Risk Advisors we can help your business in the following ways:
Assessing your specific insurance needs and providing customized insurance solutions.
Identifying and managing risks that could negatively impact your operations
Providing tailored advice on which insurance products are best suited to meet your particular insurable risk transfer needs.
Regularly reviewing your insurance coverage to ensure that it continues to meet the changing needs of your business.
Providing expert advice and support when claims are made.
How do I know if my insurance coverage is adequate for my business?
The best and most accurate way to know if your insurance coverage is correct is to get a second opinion from a Qualified Insurance Broker, and a Flooring Industry experienced broker!
Flooring Protect can help you review your insurance coverage by undertaking our Insurance & Risk Review of your current insurance covers and business operations. With this review we will provide analytical feedback if the insurance cover in place meets the specific needs of your business.
With our expertise in the flooring industry we can also advise you on any gaps in coverage and provide recommendations for additional coverage that may be necessary.
How often should I review my insurance coverage
It is a good idea to review your insurance coverage on an annual basis, or whenever there are significant changes to your business such as expansion, new products or services, or changes to the overall industry environment.
At Flooring Protect we have systems and processes in place to ensure we review the insurance coverage with our clients each year.
If you have not spoken to your current Insurance Broker in the last 12 months then please get in touch and let us help you to fully review your insurance cover.
What are common risks flooring businesses face
Property Damage to Buildings, Contents and Stock from natural perils or accidents.
Business Interruption/Loss of Profits, to a business which has to close due to property damage.
Professional Liability, in other words, either physical damage or property injury to someone else caused by the operations of your business or a financial loss to a customer caused by your an error or omission in the advice provided.
Cyber Attacks, in todays digital world businesses are being hacked or attacked via many differnt ways and the cost impact to the business is substantial
If you would like to find out more about these types of insurance or have one of our experienced insurance brokers help review your insurance please contact us below.