Newsletters | Lewis Insurance Services Brisbane

Five ways to plan for growth in 2019

Most business owners undoubtedly will say that they are focused on business growth. However, far too often a cohesive and executable plan has not been completed to achieve this growth. If they do have a plan, it’s usually far too vague and doesn’t really get off the ground.

Multiple factors in today’s marked undoubtedly impede business growth, namely the increasing costs of materials and resources, rising fixed costs (such as rent, power and fuel), and complicated government regulations. Not to mention a lack of skilled labour, competition within the market space, and the changing landscape introduced by e-commerce.

So how can you help your business grow and expand?

Continue reading Five ways to plan for growth in 2019

Insurance claims – tips for small businesses

Whilst making a claim on your business insurance can be a straight forward process, if you are unaware of the process and don’t know what to expect, navigating your way through this can be time consuming and frustrating. This is particularly relevant if a serious incident has occurred on your premises and the police are involved.

To alleviate any stress or concerns you may have about submitting a business claim, here are a few tips that should make the process less stressful.

Continue reading Insurance claims – tips for small businesses

Protecting your business from floods

Recent flooding in parts of North Queensland has left thousands of families and small businesses devastated, loosing not only their homes, but their livelihoods as well. The millions of dollars of property damage has resulted in both emotional and financial stress to many.

Continue reading Protecting your business from floods

Cyber threats a major concern for SMEs

The threat of a cyber breach for small to medium sized businesses (SMEs) is a very real concern, one that has been recently highlighted by the General Data Protection Regulation (GDPR) in Europe and the Notifiable Data Breaches Scheme (NDP) in Australia.

Continue reading Cyber threats a major concern for SMEs

Creating a risk management plan for your SME business

Does your business have a risk management plan? How will you manage if a catastrophe occurs?

A risk management plan helps to prepare for these events, once you have identified the key risk concerns, you can ensure necessary precautions are taken to protect your business, together with the right type of insurances. Do you want to create your own risk management plan, but don’t know where to start, here are three easy to follow steps.

Continue reading Creating a risk management plan for your SME business

What’s happening in the world of Professional Indemnity Insurance?

Professional Indemnity insurance isn’t just limited to typical ‘professions’ such as accountants, engineers, lawyers, doctors and architects. Essentially, anybody providing advice for a fee has an exposure that needs to be considered, even casual advice to customers about the use of a product for example.

Continue reading What’s happening in the world of Professional Indemnity Insurance?

Do you need Strata Insurance?

Strata Insurance is mandatory in Australia and covers common property under a strata title or body corporate. When purchasing a unit or townhouse either for yourself or as an investment property, you will share the costs of this insurance with the other owners in the complex as part of your Body Corporate fees.

Continue reading Do you need Strata Insurance?

The perpetual importance of insurance advisers

With the rise of the internet, many consumers are now choosing online DIY options when it comes to selecting insurance coverage for their business operations. These online options generally aren’t providing accurate advice as to what exposures you face, therefore what policy is the right one to effect?

Continue reading The perpetual importance of insurance advisers

What is Management Liability Insurance and do you need it?

The increase in corporate litigation in Australia has caused many SMEs to reassess their risk of exposure and to redesign their insurance cover. One of the most underrated and underutilised insurance covers is Management Liability Insurance, mainly due to a global misunderstanding about its relevance to small businesses.

Continue reading What is Management Liability Insurance and do you need it?

Why do you need to read the PDS when effecting insurance?

Insurance providers are required to give their clients a PDS (Product Disclosure Statement) that details the terms and conditions of the policy. The PDS contains all the relevant policy terms and conditions that will dictate the effectiveness and outcomes of the policy you have purchased. It is a legal document, and you are likely not to disregard any other legal document if it was provided to you, which entitled you to settlement benefits.

Continue reading Why do you need to read the PDS when effecting insurance?