Insurance Tips

An Insurance Broker works for the client, not the insurance company. We represent you when it comes time to lodge a claim.

When buying new equipment, ensure you add it to your insurance policy. A review of your Insurance is a good idea every year, to keep abreast of the current Insurance market.

When selling products there is always a risk of faulty parts, unseen side effects and manufacturing faults beyond your control. Protect yourself and your business with Product Liability insurance.

Workplace accidents are not only bad for your employees, they can also be very expensive, for you, the business owner/director. As well as effective occupational health and safety, you should consider Statutory Liability cover. These policies cover you for Civil Fines and Penalties imposed by various authorities. Talk to us about the suitability of cover for your business.

Do you give advice in your business/profession? The courts have extended the definition of "Professional" in recent years to include a wide range of business occupations. Professional Indemnity covers you for Financial Losses incurred by others who rely on your opinion or advice.

LIFE INSURANCE ...

Recent statistics confirm that most Australians are significantly under insured when it comes to their life insurance needs.  Death or disability can destroy a family’s financial future if appropriate insurance has not been put in place and the level of underinsurance in Australia has reached a crisis level.

What debts would your family be left to face if you did not wake up tomorrow?

How would the loss of your income affect the lifestyle and well-being of your family today?

What are the chances?

  • 1 in 3 men and1 in 4 women are expected to be diagnosed with cancer before age 75 1 .
  • More than 60% of Australians will be disabled for more than a month during their working life and more than 1 in 4 will be disabled for more than 3 months 2 .
  • 24% of new breast cancer cases diagnosed in 2001 were in women aged 20-49 3 .

If you lost your ability to earn your income, how much of a drop in income could you afford to sustain, and for how long?

Putting your insurance plan together is best accomplished with the help of a Professional Adviser.  It may be the most significant step that you take toward financial freedom.

SGP Financial Solutions Pty Ltd are a Corporate Authorised Representative of Millennium3 Financial Services Pty Ltd AFSL 244252 in relation to Life Risk Insurance, Superannuation and Financial Planning advice. Please refer to the Millennium3 Financial Services Guide and Privacy Policy.

Call SGP today to arrange for professional advice regarding the financial risks facing your family or business right now due to no insurance or under insurance.

1 Australian Institute of Health and Welfare “Cancer in Australia” 1998
2 Australian Disability Table IAD89-93 Class
3 National Breast Cancer Centre