How Can You Get Insurance For Hazardous Operations Or Incident Prone Industries?

January 15, 2021

As experienced insurance brokers, we regularly have clients come to us because they struggle to find another insurer who can provide the cover they need. When conducting works in industries that have special risks and limitations, there can be few insurance brokers willing to cover you for the unique hazards associated with your operations. Some of the most typically hard to find insurance packages include:

  • Mobile plant and equipment insurance
  • Earthmoving insurance
  • Expat medical insurance
  • Home and contents insurance for storm prone and bushfire prone regions
  • Asbestos work insurance
  • Rural insurance
  • Industrial special risks insurance
  • Contract works insurance
  • Marine transit insurance

Thankfully, there are insurance options available for people who need to cover themselves against unique dangers. At Statewide Insurance Solutions, we can have a consultation to understand your specific circumstances and what exactly you need covered by insurance. Some of our key tips for getting quality insurance for hazardous operations are listed below.

  1. Speak to an independent insurance broker.

Statewide Insurance Solutions can offer some of the most competitive packages for hazardous operations insurance. One of our specialty insurance products is our mobile plant and equipment insurance. We also have expertise in niche insurance packages and business insurance for a range of industries. Because insurance is our passion, we will work closely with you to identify an insurance package that truly meets your needs.

  1. Consider transferring all your insurance packages to the same insurance broker.

If you are looking to save costs and maximise discounts on your insurance package, you should talk to your insurance broker about ways to reduce price. If you transfer all your insurance policies to the one broker, you may be eligible for a discount. This could also streamline processes and make things simpler for you when you do need to make a claim.

  1. Seek maximum cover and benefits.

When dealing with hazardous operations and incident prone industries, it’s important that you obtain comprehensive cover for yourself and your business. When the worst happens, you will need to be adequately insured to prevent significant losses and reputational damage to your brand. While cheap insurance may sound appealing, it isn’t always the best option in the long term if it can’t provide you with the cover you really need.

  1. Always read and interpret the insurance package to understand its limitations.

It’s very important that you take the time to read and understand the specific details associated with your chosen insurance policy. In the fine print, you may notice some clauses and details that could limit the way you can claim and use your insurance product. At Statewide Insurance Solutions, we will work closely with you and help you understand the details of your policy. If you have any concerns or questions relating to the insurance package, we will be happy to provide alternative options to suit you.

To learn more about Statewide Insurance Solutions or obtain a quote, visit our website for more information.

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Statewide Insurance Solutions Pty Ltd ABN: 24 646 940 874 (CAR 1238373)
Corporate Authorised Representative of Acumen Insurance Pty Ltd
AFSL No: 481393 | ABN 40 607 665 207

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Statewide Insurance Solutions Pty Ltd ABN: 24 646 940 874 (CAR 1238373)
Corporate Authorised Representative of Acumen Insurance Pty Ltd
AFSL No: 481393 | ABN 40 607 665 207

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The information on this website is to be regarded as general advice. Your personal objectives, needs and financial circumstances were not taken into account when preparing this website content. We recommend that you consider the suitability of this general advice, in respect of your objectives, financial situation and needs before acting on it. You should obtain and consider the relevant product disclosure statement and Financial Services Guide from Acumen Insurance Brokers before making any decision to purchase a financial product.

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Copyright State Wide Insurance Solutions PTY LTD. All rights reserved. Website Developed By Generate Your Audience