What are the key risks posed by flooding?

Flooding can have a devastating impact on your small business, causing damage to your premises, fittings and fixtures, plant and equipment and stock and disrupting your ability to trade. Even businesses outside of the flood zones can feel the impact of flooding, with supply chain disruption affecting their ability to access goods and demand surge increasing the difficulty of accessing some services.

Who should consider insurance?

While you can’t control the weather, insurance can help to protect small businesses across Australia from the risks posed by flooding to both their premises and trading. Any business located on a creek, lake or river should consider adding a flood insurance extension to their property policy.

What insurance should you take out and what can it cover?

Insurance can protect you and your employees onsite and at work. 

Type of cover and potential benefits

Business Pack                                                            

Helps safeguard your business premises and contents against:

• damage caused by fire, storm or accidental damage
• equipment or machinery breakdown
• employee dishonesty
• glass damage
• legal issues, such as with public and products liability
• tax audits • theft, and theft or loss of money
• business interruption, which provides cover for financial loss as a result of an interruption to your business caused by an insured event
• the risk of flooding.

Motor Insurance

Takes care of your valuable business vehicles with cover to help:

• replace or repair a vehicle damaged by fire or water
• help if you or your staff damage another person’s vehicle
• repair your vehicle after an accident or replace it if it’s written off
• replace a lost or stolen vehicle • safeguard you against legal liability.

Workers Compensation

Can cover the cost of your employees’ wages, rehabilitation and medication if they become sick or injured through their work.

Contact Us

Contact a Knightcorp broker to help you decide on the best cover unique to your business and business needs. We are ready to take your call, so feel free to reach out if you have any insurance-related questions. The more we know, the better our policies will look after you.

Further Information

For more information on how to prepare and act when your business or home is threatened by flood, and for the most up-to-date information on floods in your local area please contact your states emergency services department:

http://www.qfes.qld.gov.au

http://www.ses.nsw.gov.au

http://www.ses.vic.gov.au

http://www.ses.tas.gov.au

http://www.ses.sa.gov.au

http://www.dfes.wa.gov.au

http://www.pfes.nt.gov.au