Business Insurance Services in Oakleigh

Looking for Business Insurance in Oakleigh?

We offer straightforward financial services that help you make smart decisions with your money. We are experts in our field and take the time to understand your needs, constraints, and values so you can achieve financial security.

  • Business Cover

  • Liability & Indemnity Cover

  • Indepentant Advice

  • Sole Taders to big business

BOOK A DISCOVERY SESSION TODAY

Book A Discovery Session

Business Insurance Advice & Services Oakleigh

Running a business can be risky, and the last thing you want is for a sudden disaster to hurt your ability to make a living. Make sure you have business insurance that fits your needs. No matter what your needs are, we're happy to talk with you about them and find a package that gives you the right amount of protection at the right price. We can help you with a variety of business insurance needs.

LET'S SET SOME GOALS TOGETHER?

Public Liability Insurance

By purchasing public liability insurance, you can safeguard both your personal finances and the financial future of your company from lawsuits alleging that you were careless in some way, causing injury to another person or damaging their property.

Professional Indemnity

Tradespeople

You take a number of precautions to keep yourself safe while you're working as a tradesperson. Remember to take precautions to safeguard your company as well. Our Business Insurance provides the protections need to do precisely that.

Business Interruption Insurance

Due to inactivity, the time it takes to get back on your feet after an insured event can cost you money. This loss can be covered with the right kind of business insurance. Business Interruption Insurance usually protects you against certain events and is meant to pay you back for gross income losses caused by your business being inactive while it is getting back on its feet after a loss.

Most insurance for business interruption covers losses caused by damage to property and plant. So your property and business interruption cover works with your property and plant cover. When it's possible, your insurance should cover loss-minimization steps like temporary buildings and equipment.

BOOK A DISCOVERY SESSION

Professionals

Are you a doctor, lawyer, accountant, architect, real estate agent, or some other kind of professional? We can protect you or your business with our a range of Business Insurance options that take all your personal circumstances into account.

Commercial Property

Coverage for unintentional damage caused by unexpected insured catastrophes, such as a fire, storm, or vandalism, can protect your retail or office property as well as its contents and goods from being ruined.

Hospitality

You take pride in brewing delicious coffee and preparing delectable dishes for your family and friends. Your company can be safeguarded with our comprehensive business insurance coverage.

Retailers

Do you sell products or services to the general public? Our Business Insurance provides the coverage necessary to safeguard your company.

Health & medical services

Do you work as a physician, a veterinarian, a dietitian, an osteopath, or do you provide another form of health or medical service? Your company can be safeguarded with our comprehensive business insurance coverage.

Buy Sell insurance

What would happen to your company's ownership if one of your business partners became incompetent, got a serious or terminal illness, or died unexpectedly? Would the remaining owners be able to afford to buy out the portion in the business being sold by the departing owner? And how much should be paid to the owner who is selling their home or estate?

Buy-sell insurance, in conjunction with a formal agreement outlining the transfer of control and ownership of the firm, can safeguard all business owners by providing the necessary monies to buy out an owner's part in the business in the event of disability, a specified trauma, or death. The agreement also specifies how power and ownership will be transferred. This insurance and transfer agreement is referred to as a Buy Sell agreement, sometimes known as a Buy Sell arrangement.

Business Interruption

If an unanticipated insured occurrence, such as a weather event or fire, forces you to close your business premise, this type of insurance will compensate you for missed income, profits, or turnover.

Glass

Protect your storefront by purchasing insurance that will pay for any unintentional damage that occurs to the glass at your location, as well as any costs associated with temporary security measures that are necessary to keep your company secure while the glass is being repaired or replaced.

Theft

Coverage for losses incurred as a result of the theft of property insured from your commercial premises, such as your inventory or your equipment.

Electronic Equipment

The cost of repairing or replacing any electronic equipment at your place of business, such as computers, in the event that it breaks down is covered by this policy.

Money

This policy will pay to replace any cash that was taken from your place of business while it was open for business, outside of business hours, while it was locked in a safe or strongroom, while it was in transit, or while it was in your care at a private house.

Cyber Insurance

A good cyber insurance policy from Mint Financial will protect your business from all types of cyber crime. This insurance policy can cover more than just the obvious risks of loss or theft. It can also cover:

  • Extortion: Some policies will cover you if you have to pay a ransom to get rid of a threat.
  • Remedial system engineering: A data breach can throw a business network into chaos, and it can be expensive to put it back together again. These costs must be covered by a good cyber crime policy.
  • Intellectual property indemnity protects you from the costs of defending yourself against claims from third parties that you used multimedia content in a way that violated their intellectual property rights.
  • Business interruption: paying for losses caused by a breach and while the network is being fixed and put back into service.
  • Cost of regulatory action: Depending on the type of breach, a data regulator may look into it, which can cost the business a lot of money. This is a risk that can be covered.

Key person Insurance

Typically, the greatest asset to a business is the intellectual capital and personal effort by key people. Key person insurance is an asset protection for your business, recognising that the continued contribution of key people is critical to the long term success of any business.

Benefits are:

  • Repays debts to preserve the business assets. If your business has a bank loan, or if a mortgage on your home is funding the business then this type of insurance may be necessary.
  • Protects the owner’s personal interests.
  • Frees up cash flow for the business.
  • Maintains its credit standing if a business owner or a loan guarantor dies or is disabled.

Key person – Revenue protection

Almost every business has the computer, copier and car insured. Yet it’s important to recognise that these are not the most valuable asset to your business. Often, it is the contribution of key individuals which plays the greatest significance in generating business revenue.

Key person Revenue Protection can assist in:

  • Compensating for the loss of business revenue.
  • Pays the cost of finding and hiring a suitable replacement person.
  • Protects the business profits.
  • Maintains the value of the business as a going concern.
  • Will this be enough? We think you need 65% of your pre-retirement income to retire comfortably. The best place to start is to ask 'How much do I need?
  • The next step is to use our AMP super simulator to see how you're tracking and determine what strategies you can use to reach your goals.

Things to consider include:

  • Who is missed most when on holiday?
  • Would the business miss their contribution if sick or disabled? How long would it take to replace them, how could that be funded?

Methods of Calculating Keyperson Revenue Cover

Method 1: 3 – 5 times the Key person’s Salary + Cost of finding, hiring, training and replacing the Keyperon = Maximum Insurable Amount

Method 2: Annual profit or revenue contributed by the Keyperson (maximum 3 times for revenue or 5 times for profit) + Cost of finding, hiring, training and replacing the Keyperson = Maximum Insurable Amount

Mint Financial Solutions FAQ

What insurance is most important for a business?
General liability insurance, also known as business or commercial liability insurance, is essential coverage for various claims, including bodily injury, property damage, personal or advertising injury, medical payments, products-completed operations, and damages to premises rented to you.
What is included in Business Insurance?
Many business insurance policies include basic coverages such as property, liability, crime and commercial auto insurance, as well as other optional insurance, such as business interruption insurance, equipment breakdown insurance, cyber insurance, and workers compensation.
What is the purpose of business insurance?
As a business owner, your company faces different risks every day. The purpose of insurance is to help protect your business from these risks. Business insurance helps protect your business' financial assets, intellectual and physical property from: Lawsuits.
What can business insurance do to help a business?
Business insurance can help pay the costs of property damage, lawsuits, lost business income, and other covered losses. To help protect against specific risks unique to their situation, businesses often buy multiple coverages and combine several in one policy.

We'll Secure Your Future Without Sacrificing Your Present By Helping You Plan & Achieve Your Financial Goals

Strategic financial planners that understand what is important to you, and guide getting you to where you want to be. Paying off debt, buying a house, starting a family? or a dream retirement? We can help get you there. Book your free appointment!

Book A Discovery Session

Scroll to Top