As a builder or tradie, working in a high-risk industry like construction means your insurance needs can change from year to year.
This is why it’s so important to review your Public Liability and Business Insurance annually. Failing to do so could leave your business exposed, and in the event of an accident or damage, outdated insurance might not provide the protection you need.
Pros and Cons of Keeping the Same Insurance Broker
When reviewing your insurance, you may wonder whether to stay with your current broker or explore new options. Here are some pros and cons:
Pros of Keeping the Same Broker:
- Familiarity with Your Business
A broker who knows your business inside out can offer tailored advice. - Consistency
Staying with one broker often leads to long-term relationships, making it easier to discuss changes in your business or insurance needs.
Cons of Keeping the Same Broker:
- Potential for Overlooking Better Deals
By sticking with the same broker, you may miss out on better rates or more suitable coverage from other providers. - Complacency
Over time, your broker might not actively review your policy to ensure it still meets your needs, leading to outdated coverage.
Protect Your Business with BICs
When it comes to Business Insurance, Motor Vehicles, Tools, and Public Liability Cover, BICs is the TAG preferred supplier you can trust. They understand the needs of builders and tradies and can help you review your current insurance to ensure you’re properly protected as your business grows.
Time for a Review? Contact BICs Today!
Get in touch with Aaron and the team at BICs to review your insurance and make sure your cover still works for your business. Don’t leave your livelihood to chance—let the experts guide you in finding the best protection for your needs.
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