Are you protected?
Can you really afford not to have the right insurance protection? Insurance is critical to protecting the assets of both your business and your family, and having the right insurance program that meets your needs and addresses your risks allows you peace of mind.
Did you know that 70 percent of businesses suffering major losses do not successfully trade out of the situation? A well thought out insurance strategy is critical to your business’s survival.
When you’re a business owner, you pour your heart and soul into your business. And why wouldn’t you? It’s yours.
What if something happens to you and you can’t work?
Business owners need personal insurance solutions more than anyone else. Many business owners do not know that income protection insurance is usually tax-deductible. Income protection ensures you can continue to meet your financial commitments in the event you become ill or injured.
Insurance protection for business expenses can cover your fixed business expenses such as rent, electricity and non-income producing staff wages if you can’t work because of sickness or injury.
If you’re covered, all you have to worry about is getting better.
What types of cover are there available?
Income Protection
Income Protection allows you to receive payment of up to 75 percent of your gross income. Income Protection also enables you to meet regular repayments (i.e. monthly mortgage repayments) and maintain your current lifestyle through a continuing income stream.
It also provides the ongoing ability to retain other protection strategies including savings, investment and retirement plans.
Life Insurance
Term Life Insurance pays a lump sum benefit on the death of the life insured during the term of the insurance. Term Life Insurance provides the ability to repay debts, cover capital gains tax liabilities, cover dependents from the loss of the major income provider and may assist in securing a business.
Total and Permanent Disablement
Total and Permanent Disablement (TPD) aims to provide a lump sum if a person suffers an illness or injury which totally and permanently incapacitates them from working.
ARA Insurance offers all three of these policies at highly competitive rates.
ARA Insurance Services is a fully integrated financial services provider. Continual emphasis is placed on maintaining industry knowledge, training and qualifications, so ARA Insurance Services’ clients can be guaranteed the most up to date industry practices, risk transfer and retention strategies, fully supported by tailored insurance solutions offered by a global network of underwriters.
ARA Insurance will ensure you have the right cover using the following steps:
- Risk Identification and Evaluation
- Negotiation with Insurance Companies
- Periodical Review
- Claims Negotiation
- Risk Management.
Is your cover up to date? Get a free insurance health check
In many cases an insurance program that has been in place for a number of years may no longer be representative of the lifestyle for which it was intended to protect. ARA Insurance Services provides a free insurance health check at no obligation, along with associated recommendations so that you are in control of the insurance program at all times.
Litigation – know the risks and cover yourself
In addition to having a good insurance policy, all organisations have a legal obligation to provide occupational health and safety training to staff. Other issues such as discrimination, bullying, harassment and equal opportunity pose a significant risk to business. Organisations providing regular training raise awareness among staff reducing the risk of injury, dispute or even litigation.
Workers Compensation
ARA Insurance Services welcomes CGU Workers Compensation as a business partner. CGU will provide:
- Premiums that reward workplace safety and positive claim outcomes
- Industry leading claims reporting, tracking and claims review processes
- Innovative risk management products and services
- Solutions that identify, monitor and reduce the cause of injuries
- Tailored, flexible and responsive injury and claims management services.
What you need to do:
To ensure your business receives the benefits of ARA Insurance Services’ enhanced Workers Compensation insurance program, all you need to do is complete an insurance transfer form and return it to ARA Insurance Services and the rest will be done for you.
