6 Ways to Minimise Your Hospitality Risk

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Allsure Insurance’s Melissa Donaldson will be featured in Insurance Adviser magazine next month for her expertise in hospitality insurance. In the meantime, here’s some tips on how to minimise your hospitality business risk.

There are plenty of measures you can take to help protect the future of their business – here’s 6 you can start with today!

  1. Having your canopies cleaned regularly is not only a great idea, in many cases it’s a condition on your insurance to have a maintenance program.
  2. Take steps to minimise fire risk, such as installing an automatic fire suppression system and portable fire extinguishers, and scheduling regular electrical equipment maintenance and exhaust system inspections for grease build up.
  3. Tea towels have also been known to spontaneously combust, so keep them where no damage will be done.
  4. You also can reduce your risk with good policies and procedures. Keep good documents on cleaning, food supplied and staff training.
  5. Take temperature on new food stock into the business, record it. If you keep food warm, you should keep regular checks on temperature. Know when food went in, and when it should be thrown out.
  6. Make sure all your staff have food handling training. Have regular meetings with your staff about potential areas of risk, and record the date and topic of those meetings.

Have questions, need help or want a quote for your hospitality insurance? We’d be happy to help.

This information doesn’t take your personal or financial situation into account and may only be regarded as general advice. You should speak to us or your insurance broker before taking action. And, of course, always read the fine print (i.e. product disclosure statement) before purchasing any financial product.

Merry Christmas from Allsure Insurance

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Best wishes for a merry Christmas and happy holiday season to all our clients and friends!
Please note that our office will be closed from the end of business on Friday (22 December) and will re-open on Monday 8 January 2018.
If your policy is due during this period, cover has been extended until 8 January 2018 accordingly.
Payment can be made by posting a cheque, money order, credit card slip or electronically via BPAY. Details can be found on your invoice.
If you have any enquiries during this time, you can catch us via email at [email protected]
Our phones are regularly monitored, so you are welcome to ring the office on 03 5278 6808, and leave a message for non-emergencies.
If there is an EMERGENCY, you can contact Aaron on 0459 902 266.

No insurance? No peace of mind.

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Allsure Insurance Director Melissa Donaldson talks about the biggest insurance issue that keeps her up at night. “It honestly terrifies me how many people have no insurance. Its one thing not to have adequate cover, it’s another to have NO insurance.

I believe it’s your social responsibility to have insurance, just the same as it’s your responsibility to stop at a red light.”

Why is insurance important? What are the risks of having no insurance?

If you have insurance, you are taking responsibility for protecting yourself (and sometimes others). It takes your risks and helps to spread them out so that you and your business are positioned to financially survive any insurable event.

It also lets you get on with your life and business. You are protecting  your assets, your livelihood and your sanity. Sometimes it is there to help protect your family, the future of your business and therefore your employees and THEIR families, too.

Insurance shouldn’t take up all your brain space

I’m sure it must sit in the back of your mind… I don’t have insurance for the business I am running. What if my product hurts someone? What if someone sues me? What if there is a fire and I lose everything? What if I have to close my doors for a few months due to things that are out of my control, like bushfires or floods?

Imagine if you could clear up that head space for productive things like, how can I grow my business more? What is the next product I can develop? Who could I work with on my next project?

Free yourself from some of your worries about the business so you can work in and on the business instead.

Insurance gives you peace of mind.

It protects, replaces and encourages business growth.

Have questions about your insurance situation, or want a free quote? Contact us.

Insurance, disasters and embargoes, oh my! Don’t let procrastination put you at risk.

bushfire, fire, procrastination

What is stopping you? Seems that procrastination plays a big part in not protecting your assets. Let us give you some insights into why you should take action before it’s too late.

What is an insurance embargo?

Insurance companies will often place an embargo on areas if there are events such as a fire, cyclone or flood. It’s basically a restriction the insurer applies where they won’t accept new policies in certain areas/circumstances. It can stop people from purchasing insurance when an event is known to be extremely likely or already having an impact.

What does this mean for you? If you think that the moment you know of a real fire threat coming your way, you can then go and place cover on your home just when you need it, you may find that you cannot!

We’re not able to place most insurance covers in areas that have an embargo on it. Once the threat has passed, the embargo is lifted and we can then look to place cover for you.

Don’t gamble with your risk

Did you know that some policies have time frame exclusions to events like bushfire? So if you’ve just gotten insurance, as we’re heading into summer. However, if there was a fire on your property within three days of binding cover, you may not be insured. Policies can vary, so you do need to read the policy wording.

Did you know that some insurance claims will be investigated for fraud? This is one way to keep things fair for those that have legitimate claims, and can help to keep the costs of insurance down.

Insurance is in place to share the risk with you. It allows you to go about your life and have your assets protected.

Mitigate and manage your insurable risks – and maybe save some money, too!

You can help yourself!

If you take measures to reduce your risk, insurance companies reward you.

  • Have a monitored alarm system? You could get a discount.
  • Is your landlord property looked after by a professional? You could save money.
  • Store your car in a garage and not on the street? Again you could get a discount.
  • Don’t have any young drivers? Another factor taken into account to lower your costs.

This information doesn’t take your personal or financial situation into account and may only be regarded as general advice. You should speak to us or your insurance broker before taking action. And, of course, always read the fine print (i.e. product disclosure statement) before purchasing any financial product.

Congratulations to Sharon – 9 years as an Allsure all star!

Sharon, Allsure Insurance, Geelong, anniversary

Well done Sharon on your nine year anniversary at Allsure Insurance. We’ve been blessed to have this lovely lady head up our helm at Allsure for the past nine years.

You may have spoken to Sharon if you have called us or popped in to visit us. Sharon brings a wealth of insurance knowledge, being in the industry for 20 years (even though she doesn’t look a day over 21!)

Sharon is loved by us all at Allsure, she might seem quiet, however she will go into bat for our clients when needed.

Thank you, Sharon, for being such a wonderful part of our team!

Please call us for all your insurance needs. We may be a little biased, however, our team is awesome!