When’s the last time you reviewed your business insurance? If you’re a mobile business, you might not have all the cover you need.
A mobile business is one that mostly uses their vehicle to do business
If you’re carrying tools and visiting customers, this includes you. Some of the most common examples are tradies with a van, cleaners, mobile mechanics, home handy-people, real estate agents, lawn mowing services and landscape gardener businesses.
Mobile businesses need to think hard about their vehicle insurance
All businesses need to ensure they have the right insurance, including business assets, liability and business interruption cover but, as you might expect, mobile businesses need to pay special attention to their vehicle insurance.
Your vehicle is your lifeblood. If it crashes, is broken into or otherwise damaged, it can make it impossible for you to do your job. For some people, the financial impact of this could mean the end of their business.
That’s why you may need to look into a more comprehensive business vehicle package that would cover risks unique to your mobile business. Not only does business vehicle insurance provide cover for your car if it is stolen, broken into or involved in an accident, but it could also cover your vehicle signage, other employees’ vehicles and goods in transit which can cost a significant amount to replace.
Other insurance cover to consider
Let’s say you’re a tradie. A van filled with expensive tools is a prime target for thieves. If your van is stolen, or broken into and the tools stolen, it’s not just a matter of replacing them, it’s important to replace them as quickly as possible to get you back on the job. This is why it’s essential to look into cover for your business assets.
If you work in someone else’s home or on their vehicles, you might need liability cover
There are a few types of liability cover, and they cover different things.
Some cover the damage you accidentally cause in someone’s home. For example, dropping a hammer and smashing a glass table and the wooden floor below it, or hitting a water pipe and flooding the neighbour’s property.
You may also be able to get cover for mistakes that could land you in court, such as breaches to health and safety regulations. Remember, you’re responsible for the health and safety of everyone on site when you’re on a job. It means you’ll be the one held accountable if someone is injured on your watch.
Having the right insurance doesn’t stop bad things happening, but it can make the difference between staying afloat and closing your business.
Every mobile business is different, so to find out what’s right for you and your wheels, get in touch with the Tower Insurance team today. Let us help you find the right package for your mobile business needs.
Please refer to the policy wording for full terms and conditions.