Why should you choose Marsh to arrange your insurance solutions?
The risk exposures of each business can differ based on a variety of factors. Some known and emerging exposures you may face include:
Negligence or breach of duty allegations from disgruntled customers
Injury or property damage claims from a third party
Property damage due to natural disaster
Cyber attacks if your customer or business data is stored by a third party, including accounting software and tools.
Claims made means that you (the insured) are covered for claims made against you during the current term of insurance. Even if the incident happened in the past.
Professional indemnity policies provide a 'claims made' basis of cover. This is because advice or service errors in many professions may not be discovered until months or even years after the mistake was made.
Therefore, a professional indemnity policy or 'run-off' policy must be in place for a claim to be met by an insurer.
It’s also important to note that, if the limit of indemnity was changed, the limit that applies is the one purchased when the claim is notified – not when the work was completed.
Our team supports travel agents by providing risk and insurance advice that’s tailored to your unique business risk exposures.
Packages we recommend you consider as a starting point include:
Professional indemnity insurance
Public liability insurance.
However, depending on the nature of your travel business and how your business operates, you may need to consider other types of insurance (eg for commercial premises, business vehicles or management liability).
A certificate of currency is proof that you hold a current insurance policy.
Please contact us once you have paid for your policy and we will provide you with your certificate of currency.
Insurers use a range of details to calculate your insurance premium. These include your:
Level of cover
Business turnover
Prior claims history.
Insurers may also factor in the number of claims they expect to receive in a year for a particular business type.
To arrange a quote, talk to us today. We’ll help you understand your business risks and arrange appropriate cover to meet your insurance needs.
Cyber attacks are becoming increasingly common. Help protect your small business with cyber insurance solutions arranged by Marsh.
Need a range of covers to suit your business needs? Explore Marsh’s business bundles for glass, theft, contents cover and more.
Need to travel from one job to another to keep your business running? Marsh can arrange business vehicle cover tailored to your needs.
Hospitality workers work hard. Take a load off – let us arrange a comprehensive policy tailored to your needs.
LCPA 23/116
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.
