Appropriate and adequate equipment insurance cover is an important aspect of protecting against the revenue-producing performance of your business. Here are some considerations:
You may choose to arrange cover through an insurance company directly, or through an agent of an insurance company. Another option is through an insurance agent.
Insurance agents act for the insurance company and insurance brokers act for you to find the best price from a range of insurance companies. While brokers charge a fee, it’s usually offset by the lower priced premiums they source on your behalf.
It is a good idea to compare price, service, reputation, and cover offered with the features demonstrated by a range of policies available. Insurance is a complex area. So ask your insurance company, broker, accountant or solicitor if you are unsure of the meaning of a particular phrase or condition. And we recommend you understand all the terms and conditions of the contract before signing anything.
Aussie Equipment Loans are happy to refer you to either an insurance company representative or insurance broker who will give you the help you need.