Here’s a timely news article about the benefits of Business Interruption insurance and how it is a business lifesaver. Note the bit about “we were lucky we had a great broker.” Guess which broker? You got it! Yours truly, Don Hutton Insurance Brokers.
Source: Pittwater Life Magazine.
Thinking you are invincible in small business can be an unforgiving mistake.
Style Printing in Mona Vale has been a family-owned Instant Copying, Printing, Signage and Design business for 29 years, but last year saw them go through a flooding crisis that brought a quick halt to their operations. Shayna Price, Managing Director and owner says: “It was the one thing we had not planned for. We never expected a hot water system between the floors to explode and come through the most technologically equipped shop in the building like a fire hose.”
Style, luckily had the proper insurance coverage that most small businesses often miss on their annual budget and reviews. Whilst they were limited to only a small percentage of their operations for eight months, having the right insurance coverage meant a new-for-old replacement – and now they finally have brand new business equipment.
“It’s important to read your policy every year and make sure you are covered for the correct value – most things will tend to rise in cost to replace each year and if underinsured could cost a small business a fortune,” Shayna told Pittwater Life.
“We were lucky we had a great broker with a great policy and also a great insurance assessor. Along with a business interruption policy, this allowed us to keep the business going.”
Style’s new machines are printing as usual and back to doing everything from copying, signs, design and print. Find them at 2/2 Bungan Lane, Mona Vale. Phone 9997 7833.