March 1, 2021
Joshua Rhind
All Blogs

Small Businesses & Insurance: Observations of a Broker

Small Businesses & Insurance: Observations of a Broker

By Joshua Rhind

When dealing with small business owners, I find that a large majority are in desperate need of some sound advice regarding their insurance - they’re over insured, they’re under insured and most of them haven’t seen their broker in years. 

Some common questions I get from business owners around insurance include:

  • If my restaurant can’t operate due to a fire or earthquake or world-wide pandemic (too soon?!) will my insurance pay me so my business can survive and doesn’t get drowned in a sea of unpayable overheads?

  • If the tools are stolen from the back of my ute (and I didn’t lock them up) will I get insurance pay out on these?

  • If I crash the aforementioned ute, will insurance pay for a hire vehicle until mine is repaired?

Most small business owners need a straight forward no nonsense, understandable conversation about their business risks and their insurance.

I can look at what you’ve got in place and give you honest feedback about any holes in cover that I can see, with access to a wide range of insurers and tools to compare your current policies. There is no reason not to, it’s literally a win/win! 

If you think you’re paying too much, are worried you are under/over insured or perhaps you just want a broker who keeps in touch with you and will be your only contact for everything - whatever the reason, I’m happy to chat!

Joshua Rhind is a Registered Financial Adviser with Velocity Financial. No investment decision should be taken based on the information in this blog alone. A disclosure statement is available free of charge upon request.

Continue Reading

Get the latest insights and tips from the Velocity Financial team.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.