This is the episode that so many of you have been waiting for. I talk a lot in my business about risk mitigation and my approach is that prevention is better than cure. I’m joined today by someone who shares the same view.

Laura Meyer from Meyer Insure is an insurance broker who not only supports me in my business and personal life insurance policies but also looks after many of my clients. That is to say, her insurance advice comes very highly regarded.

In the episode today, Laura takes us on a deep dive into insurance and answers all of the questions that I know have been plaguing many of you around policies, cover and risk mitigation for small businesses.

In our conversation, Laura explains where you should start as a business owner regarding insurance policies and how talking to a broker is the easiest way to get tailored advice that’s right for your business.

We discuss the fact that off-the-shelf products do little to consider your business, exposure and risk profile. If you haven't spoken to a broker to tailor your insurance policy, having a Certificate of Currency does not mean you are covered for everything you may need to be. Laura shares that the biggest misconception about insurance is that one size fits all, and that can be a mistake that is fatal for a business.

Laura talks us through both professional indemnity and public liability insurance and the benefits of packaging insurance into ‘business pack’ insurance policies.

We also discuss insurance for retreats, worker’s compensation, cyber insurance and whether it’s possible to be over-insured.

Insurance is one of those things that we don’t love to think about (similar to legal documents) but is vitally important to get right.

I know you’ll feel much more comfortable on all things insurance after listening to this episode so dive in.

LINKS:

Resources mentioned:

Sole Trader or Company? | What is the best business structure for me?

Run your business from home | The legal requirements

A Legal Checklist For Engaging Independent Contractors | Independent Contractors and Australian Employment Law

Previous episodes mentioned:

#16 Why is Business Structure Important

#74 Should you engage an employee or a contractor?

#85 Let's talk about DIY Templates

Connect with Laura Meyer:

Website:    https://meyerinsure.com.au/

Instagram:    @meyerinsure

Get your copy of my Annual Legal Checklist here

Join The Legally Empowered Entrepreneur Masterclass Series here

Book a Strategy Session with me here 

Website:    tmsolicitor.com.au

Instagram:    https://www.instagram.com/tmsolicitor/</