Insurify

  Insurance plays a vital role in protecting builders and contractors from unexpected events that could jeopardize their projects. Having the right construction insurance is important for safeguarding your investments and ensuring the longevity of your business. Here’s how you can protect yourself and your operations effectively. When looking at construction insurance , consider the following key aspects: Types of Insurance:  Familiarize yourself with the various types of insurance available, including general liability, builders risk, and workers' compensation. Each type offers different levels of protection, so ensure you choose those suitable for your specific needs. General Liability Insurance:  This is fundamental for all builders. It covers third-party injuries and property damage caused by your work. A single claim can significantly impact your finances, making this insurance indispensable. Workers' Compensation:  Ensure you have workers' compensation insuranc...

  Running a business in Western Australia means balancing cash flow while managing risks. Premium funding helps you pay insurance premiums in installments instead of a lump sum. Here’s how to use it effectively. What Is Premium Funding? A financial service that splits insurance payments into smaller, regular installments. Example: Pay a 12,000annualpremiumas12monthly12,000 ann u a lp re mi u ma s 12 m o n t h l y 1,000 payments. Common for business insurance, public liability, or equipment coverage. Why Consider Premium Funding? Preserve cash flow : Keep capital for emergencies or growth opportunities. Avoid budget strain : Align payments with revenue cycles (e.g., seasonal businesses). Flexible terms : Choose monthly, quarterly, or custom schedules. How to Choose a Premium Funding Provider Ask these questions: Do they specialize in WA industries (mining, agriculture, hospitality)? What fees or interest rates apply? Compare total costs. Can they adjust payment plans if your ...