The Hidden Money, The Myths and how the Right Questions can save Business owners Thousands.
Overpayment of a “love to hate”
Whilst insurance is a ‘must have’ that some Australian’s love to hate, clever questions can unlock a treasure trove of savings. Many Aussie businesses are paying between $10,000 and $100,000 more than they need to on their Workers Compensation premiums and claims, simply because, like most insurance policies, the devil is in the detail. There are simple ways to minimise both the upfront premiums as well as the often costly process of managing a claim. Some insurance agents offer businesses the basics, with little or no customisation.
Protection
An important part of the Australian working landscape, Worker’s Compensation Insurance not only protects employees in the event of accident or injury and saves many from financial ruin if forced out of the workforce, but also insures a business against the cost to support the injured workers as they recover from injuries sustained in the workplace. When taking out such a policy, business owners can unwittingly pay too much for their Worker’s Compensation Insurance, either because they don’t know the best questions to ask their insurance agent, or the agents themselves are less than diligent when establishing the relevant policy detail.
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