There are multiple insurance options out there that are available for your business. But as a startup, your business’s nature and your limited financial strength puts an upper ceiling on what you can choose. The desire to keep this expense to a minimum is also fairly understandable, which is why you should arm yourself with the basics. Below are guides for planning your start-up Sunshine Coast insurance structure.
Ensure business continuity
Australia is no stranger to calamities—bushfires, flooding, and storms, to name just a few. A business continuity plan is vital to revive your business should disasters come calling. Insurance is essential to every comprehensive continuity plan. Property Insurance shall cover for malicious, accidental, and calamity-induced damage to your business’s properties. A Business Interruption Insurance policy, on the other hand, will help your recover revenues and profits that you will lose while your business undergoes restoration due to said damage.