A tailored insurance solution could help you, says Gallagher

We live in an ever-changing commercial world where time is one of our scarcest resources, but the investment in obtaining industry specific risk advice can save you money, reduce stress and give you back time to focus on your business.
A major uninsured or underinsured loss has the potential to disrupt and or even close your business, warns Gallagher, which states that typically, this is linked to the purchase of generic policies and/or without risk advice.
There are complex risks associated with the diverse areas of the automotive industry that require bespoke solutions to ensure your business is adequately protected.
Gallagher says the simplest solution is to engage with its team of experts to secure an insurance and risk program that is tailored to your business’s risk profile and needs.

THE GALLAGHER SERVICE OFFERING

1. Risk assessment
   The broker/risk adviser will review your business operations. They’ll ask:
   • for details of the vehicles you manage or repair
   • what types of services you offer
   • how many staff you employ
   • the value of your property and equipment.

2. Market research
   Your adviser will go to the insurance market to find the best cover options. They compare:
   • policy terms
   • exclusions
   • premium costs
   • reputation of insurers including claims management reputation.

3. Quotes, options and recommendations
   You’ll receive a tailored proposal, typically with multiple insurance options from market-leading providers.
   The adviser explains:
   • what each policy covers (and doesn’t cover)
   • options and recommendations specific to your business risk profile
   • total cost, including taxes and fees.

4. Policy placement
   Once decided on, the broker opts for the insurance coverage from the chosen insurer.
   You receive:
   • a certificate of currency (proof of insurance)
   • a policy schedule
   • policy wording (the fine print).

5. Ongoing support
   Gallagher brokers offer support during the year for:
   • claims and loss management
   • annual reviews
   • advice and adjustments as your business grows or changes.

KEY RISKS AND INSURANCE CLASSES FOR THE AUTOMOTIVE INDUSTRY
Assets:
• buildings, contents/equipment, stock
• theft
• machinery breakdown
• goods in transit

Business interruption:
• overheads including rent, wages etc
• costs of alternative solutions to enable continued trading.

Third party:
• public liability
• products liability
• customer vehicles
• professional liability

People:
• workers’ compensation
• directors and officers’ liability
• key person insurance.

For an obligation free review of your insurances, please contact Andrew Medland at Gallagher on 0466 014 420 or andrew.medland@ajg.com.au

Gallagher is the preferred insurance brokerage for the AAAA.