allsure insurance podcast, business insurance

Business Insurance Podcast Featuring Allsure Insurance

Recently our director, Melissa Donaldson was invited into the studio by  well known podcaster Angela Henderson to record episode number 31 for her podcast on business and life conversations.

Melissa had a great time ‘geeking’ out with Angela and talk all things insurance 101 and educating the listeners about why it’s important to get insurance and what the pros and cons are.


Excerpt from the podcast: 


But the way I see it is, insurance is a cost of doing business, and it’s relatively a small cost, if you consider that a huge fire could explode you could say that you’re going to have to put out, or a lawsuit, or an employee accident could ultimately put you out of business.

MELISSA: Correct.


It’s super actually important, but yet so many businesses are failing to do this. Even if your business is incorporated, your personal assets could be at risk if you are sued or found personally liable. So again, I don’t know about you, but as a business consultant, I cannot emphasise enough the importance of holding the appropriate and adequate business insurance. What are your thoughts about that, Melissa?


Spot on. It is such a small cost, and it should actually be part of your business planning and factored in. I always get a bit surprised when people want to reduce the cost of the insurance, and it’s ridiculous sometimes, when you’re considering like a public liability policy that might cover your butt for 20 million might only cost you eight or nine hundred dollars, and you’re going, “That’s so cheap, because if you do something wrong that they’re going to pay out to the tune of $20 million, is nothing in comparison to what they’re offering for you.”

So yes, you do need to have insurance. It’s really important, and public liability is one of those bare minimums, essentially what you’re trying to do with insurance. And so people go without it. I don’t understand it.


I almost would have to say, if I went back and looked at my data with all the clients that I’ve helped, you know. I would have to at least say 90% didn’t have insurance, or have thought about insurance, before they started working with me. Again, some of those clients, all I can do is advise accordingly. Obviously very big disclaimer, I’m not an insurance expert. But I do say things like, “Do you have insurance? Do you need to be linked to a broker?”


I think they get a bit scared about the cost. Because it’s an unknown, so they actually haven’t asked, and haven’t researched it. So, when they go and do it, and find out that it’s not that expensive, and there’s options to pay for it, and things like that. Then they go, “Oh okay that’s not so bad”. And often I find when we educate our clients, and help them like that, then they go and are free to actually then go and grow their business more, because they actually know that they’re covered.

Check out the full podcast and transcript here.