The value of effective risk management for your business

Wednesday, 17 May 2017

Protecting what you’ve spent years building is paramount for the long-term sustainability of your business.

The process of comparing products and quotes between insurers can be complicated and especially for business, it requires significant time and understanding of insurance to make the right decision.

Buying insurance direct is easy. Buying the right insurance, however, can be very difficult. And getting it wrong can prove costly.

The first place many business owners turn to is an insurance broker. A broker will give you a list of standard insurances for business, regardless of your size, field of expertise or location – public liability, business interruption, general property, income protection and so on. But you could have Googled and found that out.

What you need is a partner working with you to not just cover if things go wrong, but to ensure effective risk management throughout the business.

Risk exists in every aspect of an entity, and managing that risk is becoming as common as managing people or processes.

Good risk management enhances good decision making and typically involves improving transparency, accountability, governance and compliance.

Establishing an efficient and effective risk management framework is fundamental to managing a stable and sustainable business.

That’s why at Austbrokers City State, when we engage a new client, we strive to gain a near parallel understanding of your operations, so we can be your strategic partner offering smart solutions.

With a growing team of over 30 experts in four offices across Shellharbour, Nowra, Macarthur and Wollongong, we are ready to start getting to know your business today.

Whether you are a new or existing client, a sole trader or multi-national organisation, we are committed to building strong and strategic partnerships to futureproof your business.

To find out how we can help contact us today on 1800 025 396.