Life & Business Planning Pty Ltd

Life & Business Planning | Insurance Adviser Ashmore

Life & Business Planning is an Authorised Representative of Insurance Advisernet, one of Australasia's biggest General Insurance Brokers. Being an Insurance Adviser in Ashmore our knowledge of the local insurance industry is second to none and our experience in handling insurance for many thousands of customers enables us to provide independent advice you can always trust. It also means you'll benefit from access to unrivalled financial strength, business efficiencies and buying power spanning every major insurer in Australia and New Zealand even access to major overseas insurers if and when required. We specialise in Business Insurance and Body Corporate & Strata Insurance as well as a broad range of insurance products.

As your appointed General Insurance Adviser, we will:

  • Conduct an analysis of your risk/needs and recommend the most appropriate covers to protect your assets and liabilities
  • Recommend the appropriate insurer to match the risk
  • Only recommend financially secure and stable insurers
  • Provide alternatives on your risk retention through various excess options
  • Allow you to pay premiums in monthly instalments
  • Provide prompt and timely servicing of your general insurance needs to ensure you are adequately informed of issues that may affect your business.

Insurance Expertise

Business Insurance
Business Insurance is a type of insurance cover that is particularly important to a business owner as it will protect you from any unexpected events and losses that happen during business hours. There are a range of different insurance options for a business that include cover for property damage, legal liability and employee risks. In order for you to select the insurance type that’s right for your business, factors such as type of business, business location amongst other needs will need to be considered the best comprehensive option. There are additional policies you can select to further protect your business in the case of a theft, machinery breakdown, public liability or even deterioration of stock. One of the best insurance policies to invest is public liability insurance. This type of insurance is one the most important policies as it will protect your business in the case a third-party has been injured either on your premises or as a result of your business and you are found liable. The third-party will be compensated for the costs of their medical bills and your business will be compensated legal representation and the damage of their property to a maximum limit. Businesses can potentially suffer from severe financial, legal or managerial issues and without the correct business insurance it can result in interrupting regular business flow and can potentially impact the business in the long term.
Body Corporate & Strata Insurance
Residential strata, group and community title properties, owner’s corporations and strata managers are open to both expected and unexpected risks. In order to minimise these risks, it is crucial to invest in corporate and strata insurance. The most common types of cover include public liability, residential strata insurance and commercial strata insurance. Public liability is a mandatory coverage that provides protection against any third-parties that sustain injuries at the commercial or residential property. Any medical or hospital bills are financially covered as well as legal costs or representation should the third-party make legal claims against the property and its owners. Residential strata insurance is specifically catered towards residential properties and their title owners. This coverage provides protection for loss of rent, personal accident cover and office bearers’ liability. All of the above protection provides financial compensation, as these risks can be costly for title owners, impacting livelihoods and income. Commercial strata insurance is a cover that is targeted at commercial properties, which have different needs and risks to residential. This insurance type provides protection for machinery damage, loss of property and property cover for building and contents. Strata insurance provides protection to income and livelihood from the risks that are associated with residential or commercial strata title holders, making it a critical investment for short-term and long-term safety.

Insurance Types

Builders' Warranty

A licensed builder will need Builders' Warranty insurance for some, or all of your residential jobs. Builders' Warranty protects your customer if they lose their deposit, you don’t finish the job or if it’s defective, and you die, disappear or become bankrupt. The rules vary from state to state across Australia.

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Business Insurance

Having adequate general insurance cover is one of the most fundamental parts of being in business, as it provides invaluable protection against a range of risk events – from equipment and assets to legal liability – reducing financial uncertainty and protecting your livelihood and that of your workforce. Insurance companies provide a wide variety of general business insurance policies so it’s essential to get the right one for your needs.

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Business Interruption Insurance

Business interruption insurance is designed to cover the shortfall in gross profits caused by the interruption to your business after a disaster or another type of insured event that forces you to close your doors for an extended period of time. It effectively returns your business to the same financial position it was in before the event occurred, allowing the quickest possible resumption of normal business.

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Contract Works Insurance

You need contract works insurance in place before a peg is put into the ground. Many things can go wrong where building works are involved, whether that be at excavation or even completion stage of any project. This insurance is designed specially to provide any physical and related party liability damage as well as loss of building materials, fire and malicious damage.

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Cyber Insurance

As digital technology has become more and more inseparable from the operations of most businesses, having cyber insurance has become more and more important.

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Directors & Officers / Management Liability Insurance

If you have a small to medium sized private company, you could be protected by a policy that covers claims from a wide range of management liabilities, such as; directors and officers liability, company reimbursement, company liability and employment practice liability.

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Home Insurance

If you run your business predominantly from home it’s important to be aware your existing home and contents insurance may not cover your business activities or equipment in the event you need to make a claim

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Liability Insurance

Despite a business’ best intentions sometimes accidents still happen. Product liability insurance protects against claims of personal injury or third party property damage caused by products that have been manufactured, sold or supplied by your business. In particular it can help to cover the potentially significant costs associated with legal and court costs.

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Marine & Hull Insurance

Marine insurance is designed to provide peace of mind, whether you have a pleasure craft that requires insurance or if you are moving cargo across water, land or air. Marine transit covers provides point-to-point coverage between your premises and those of your customers.

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Motor Insurance / Commercial / Heavy Motor Insurance

One of the more common types of business cover, motor/vehicle insurance protects your business fleet against costs arising from theft and accidents. Your policy can be tailored to include a range of commercial vehicles from cars and motorbikes to vans, trucks and even buses and heavy motor vehicles.

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Plant & Equipment Insurance

If you have mobile plant and equipment, we can arrange to ensure this plant and equipment is properly insured to protect both the equipment but importantly also the liabilities associated with its use. This product is designed to cover everything from the smallest of earthmoving machines through to the largest fixed or mobile cranes – and everything in between.

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Professional Indemnity

You always endeavour to provide the very best services and advice you can. Regardless, the threat of claims and litigation is very real in 21st Century Australian business and can potentially bankrupt a business. This is why if your business provides any kind of professional services and/or advice you should strongly consider having professional indemnity insurance.

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Property Insurance

A must if you have one or more business premises, property insurance provides financial protection in the event they are damaged or destroyed in a one-off event.

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Strata Insurance

Strata Insurance offers you peace of mind by providing liability cover in the event people are injured on common property. Typically it includes cover for lifts, pools, car parks, stairwells, gardens, wiring, balconies, walls, windows, ceilings and floors.

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Workers' Compensation

Workers' Compensation is compulsory for all Australian employers. It provides protection to workers if they suffer a work-related injury or illness. Any business that employs or hires workers on a full-time, part-time or casual basis, under an oral or written contract of service or apprenticeship, must have workers' compensation insurance that covers their workforce.

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