Choosing the Business Insurance Policy for You and Your Business

Youve worked hard to grow your business, we work hard to help you protect your investment and livelihood. Midas Insurance specialises in tailored business insurance cover for businesses of a variety of types and sizes.

When youre busy running a business, insurance is probably the last thing on your mind and so it should be. Midas makes getting the business insurance you need efficient, simple and affordable. So you can get back to looking after your customers with confidence.

Midas Business Insurance can help protect your business in a variety of ways. Some of these ways include:

Coverage for your business contents and stock against loss, damage or theft
Protection for loss or damage to the glass frontage of your premises
Coverage for certain equipment against breakdown (for example your fridges or your computer)
Protection for a reduction in your business income as a result of damage to your property due to an insured event

Business Insurance has many options associated with it and can be a complex subject for you to figure out on your own. It is sometimes difficult to choose the right policy that meets your needs. Working with a specialist Insurance Broker (not an insurance company) like Midas Insurance can make that process much smoother, as we will work with you as part of your team to tailor the right policy for you and your business.

If you are looking for comparative business insurance quotes then you have come to the right place.

What types of businesses or entities is business insurance relevant for?

Businesses are incredibly diverse. They can range from individual or small family-run businesses to commercial organisations employing thousands of people. They span sectors, trades and professions. However, large or small; all businesses have to manage risk. Typically this is done via the purchase of business insurance policies, and that is where Midas expertise can help.

Speak to one of our friendly staff and we can help you with your business insurance needs if you fit into one of these categories:

Retailers: Tailored cover for fashion, homewares, sporting or other specialty retailers.
Trades & Services: Simple and affordable protection for those self-employed in trades or services.
Hospitality: Reliable cover for cafs, restaurants and catering businesses.
Office and Professional: Cover for medical, business, property and other consultancies.
Manufacturing & Wholesaling: Safeguard the assets and liabilities of your manufacturing or wholesaling business.
Not for Profit Organisations: including cultural groups, incorporated bodies and the like
Property Owners: If youve invested in business premises, we can secure your asset for the long-term.

Why Choose Midas Insurance as Your Business Insurance Broker?

It makes good business sense to use a specialist broker such as Midas Insurance when choosing Business Insurance. Listed below are 7 main reasons to choose Midas Insurance as your Insurance Broker:

Midas Insurance is a specialist insurance broker with over 35 years of experience that they will bring to the table when offering you tailored advice for your business
Midas is a broker, not an insurance company. Many people use brokers for Business Insurance because we are more experienced with the dreaded fine print, ie policy exclusions, terms & conditions that you may miss on your own.
With Business Insurance its not one product fits all. Thats why we work with you as your partner to tailor the policy to suit your industry, your business and you.
We work for you the client NOT the insurance company.
Its Efficient You will experience responsive, prompt and knowledgeable service from the initial quote to the policy and even the claim.
Its Easy - Our consultants understand business and insurance so we make choosing the cover you need easy.
Affordability Midas Insurance is a brokerage, so we can source competitive pricing from multiple insurers with multiple payment options for you.

What this all equates to is reducing your risk for you and your business.

What Insurance Options do I need to know about so that I get the right level of cover for my business?

All business owners face a range of risks that impact their business. The key to a successful business is managing these risks and reducing them where possible.

The range of risks important to a business owner vary significantly depending on the owners risk tolerance and the business nature, location and size. That is why there is many Options that your Midas Insurance broker will help you to understand.

These options include:

Fire and Perils: Fire is not selective and can strike at any time. Water damage is another major cause of material loss. This section covers the damage to your property at your premises from sudden, unexpected or unforeseen occurrences.
Business Interruption: After a fire or major incident does your business stop trading? This section of your policy can cover the loss of income and the additional increased costs of working which results from the interruption of your business caused by events covered under Fire and Perils section.
Burglary: One of business's most common enemies is the intruder. This section can cover loss of or damage to your premises due to theft/burglary.
Money: Theft of cash may not be a major issue, however any loss, big or small, affects your bottom line. This section can cover your business's money whilst on your premises, in a safe/strongroom, in transit to or from your premises, or in personal custody/employees custody.

Plate Glass: Signs, large planes of glass or plastic are often the target of vandals. This section can cover glass in your premises (including internal glass).
Liability: Personal injury to third parties is the biggest concern to most businesses. This section covers the legal liability of your business for personal injury to another person (other than your employees) or damage to property owned or controlled by someone else.
Machinery Breakdown: This section can cover the breakdown of your business mechanical machinery including air conditioning units, computers and electronic equipment. Deterioration of stock cover can also be taken to replace stock which is kept in freezers and refrigeration units should the fridge or freezer breakdown.
Computer Systems/Electronic Equipment Breakdown: This section can cover the increased costs of working (such as hiring of alternative computers, the hiring of additional staff) following the breakdown of your business computers.
General Property: Once your equipment, stock or tools of trade leave your business premises, they may be exposed to loss whilst anywhere within Australia. This section covers the loss of or damage to portable property such as tools, stock samples, laptop computers etc for Fire and Perils, Accidental Loss or Damage, Collision of overturning vehicle, and Theft from a locked Premises or vehicle Australia Wide.
Employee Dishonesty: From theft of cash and stock, to illegal electronic transfer of funds, employee theft will drain a company's profit. This section covers the theft of your business property or money due to the fraudulent actions of employees for their own gain.

Next Steps

Contact Midas Insurance on 1300 664 272 today to have a member of our expert team assist you to choose the right Business Insurance policy that meets your needs.

Alternatively complete the form below and we will contact you promptly to discuss your insurance requirements.