Four in every five Australian businesses are underinsured. The consequences of this can leave your business exposed to huge financial and legal risk. With that in mind, it’s never been more important to work out the insurance requirements for your business.
Every business is different and has different insurance needs. We’ve researched insurance for different industries, so you can find out what cover options are popular in the professional services industry.
82% of CGU’s professional services customers use indemnity insurance to protect them from claims of negligence or protect assets against financial loss, damage from work.
82% of professional services businesses with CGU use this cover to insure their premises from damage to buildings, contents and stock caused by fire & perils and accidental damage.
81% of professional services businesses with CGU use product and public liability insurance to protect themselves and their business against a range of legal liabilities, including personal injury and property damage.
66% of CGU’s professional services customers use business vehicle insurance to cover damage or loss relating to their work transport.
73% of our transport and wholesale customers enjoy CGU’s expertise in workers compensation, from managing claims and getting your staff back on their feet.
While this is what most professional services customers insure, your needs may be different. Want to learn more? Speak with a business insurance specialist today or call us on 13 24 81.