Small businesses in every industry face risk every single day – especially if they’re starting out.

We find that a lot of businesses see business insurance as an unnecessary evil because it’s often mandated by the industry you’re in or by the government.

BUT, I think business insurance should be seen in a positive light. That’s why in this video, we’ll be talking about the most important insurances for your small business.

Let’s get into it!

00:00 – Overview
01:45 – Public Liability Insurance
03:45 – Professional Indemnity Insurance
06:40 – Workers Compensation Policy
09:40 – Cyber Insurance
11:58 – Final Thoughts

Thank you for watching this video. I post weekly videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. If you enjoy my content and find it valuable, subscribe to the channel, like and share it with anyone you think might find my channel useful!

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Davie has over 10 years of experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients.

Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses.

He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.

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DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note, however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.

Video produced by Social Wave