Sydney Risk Solutions Pty Ltd

Sydney Risk Solutions | Insurance Adviser North Sydney

Sydney Risk Solutions is an Authorised Representative of Insurance Advisernet, one of Australasia's biggest General Insurance Brokers. Being an Insurance Adviser in North Sydney 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 Medical Centre Insurance and Building Fitout Insurance as well as a broad range of insurance products.

Insurance Expertise

Medical Centre Insurance
Owning a medical centre can pose risks financially and legally to your business due to the sensitive service nature of the medical profession. In order to minimise risks to your business investing in a medical centre insurance plan is the best option. The most popular cover types include practice medical indemnity insurance, business insurance, practice cover expenses and life insurance, which is held by the practice entity. Practice medical indemnity insurance financially and legally covers your business against claims made by patience for malpractice or negligence. Cases of malpractice that are covered include failure to follow-up, breach of doctor-patient confidentiality, incorrect administration or prescription of vaccines/medication. Business insurance protects your premises and its contents from damage or theft, financially compensating the costs of repair or the interruption to business as a result. Practice cover expenses covers the costs of running the practice such as lease or benefits to staff if you (the owner) is unable to work due to illness or injury. Life insurance provides protection to not only single owner practices but also jointly owned practices in order to cover the costs of the practice in any instances of death. While individual medical professionals may have their own insurance plans, medical centre owners are equally at risk and therefore may require an industry specific insurance plan to protect their practice.
Building Fitout Insurance
Building and fitouts to residential and commercial properties can be complicated tasks due to the worksite and the unknown condition of the existing structure. To protect your business and employees from the risks involved it is crucial to insure your business with building and fitout insurance. The most common and important covers to consider include public liability, worker’s compensation, all risks insurance and buildings insurance. Because fitouts are built at already existing structure, whether an office space or home, many aspects of the workplace are outside of your control. Public liability insurance provides protection to your business if a third-party injures themselves at your worksite. Not only will medical and hospital costs of the injured third-party be financially compensated but any financial representation or costs that may be needed. Workers compensation is a legally required form of insurance in Australia that protect your business and its employees. If an employee is injured, becomes ill or dies at the worksite or due to its condition, medical or any other forms of compensation are covered. When an employee agrees to accept worker’s compensation they also forfeit their right to legal claims against your business. All risks insurance is specifically catered to building and fitout businesses as it financially covers any damages to the fitout or the materials needed for the completion of the construction. Buildings insurance covers any damages or physical loss made to the existing structure that is having the fitout installed. To protect your business from expected and unexpected risks, it is necessary to consider a building and fitout insurance plan.

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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