Quite a nice comment from one of our nursery clients yesterday in The Age and the Sydney Morning Herald, talking about the importance of having the right insurance (as below). Founder of Biemond Nurseries, Marion Biemond, was relieved she’d been through a comprehensive review of her business insurance when a fierce storm hit the nursery in Victoria’s Yarra Valley. “We had just completed building a greenhouse. We then had a very violent storm, almost tornado-like. We had high winds and a corridor of wind came through and blew over our new greenhouse,” Biemond says. Not only did damage from the storm mean parts of the nursery needed to be rebuilt, but the business lost a third of its capacity because it had to cancel stock that would have been stored in the greenhouse. Biemond said her insurance brokers, OAMPS, had taken her through a detailed process of the different types of insurance available to her business so she had adequate cover when she needed it. “[As] as a small business owner you need someone to explain the different components, and help us work with our accountant to get the right business interruption figures. Once you have this formula it’s actually very easy,” she says. Marion Biemond from Biemond Nurseries says having thorough insurance covering different contingencies such as physical damage and the costs of business interruption is the only smart approach. “You always think ‘this would never happen to me’ and when it does you’re really glad that you’ve got the right cover,” Biemond says. “I think people must be crazy not to have proper insurance. You always hope you don’t need it, but if you do I hope you have good insurance.” theage.au/small-business/insurance/which-risks-do-you-need-cover-for-20130621-2omhj.html
Posted on: Mon, 01 Jul 2013 23:08:56 +0000
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