Understanding You and Your Business is Key.
When you run your own practice you have to work hard at it for 12 months a year. That’s why you need a broker that works just as hard. We can assist you to identify the day-to-day risks which your practice faces, and help you to decide how to handle and manage those risks which you decide to transfer to insurance. We will help you find the right insurance solutions for your needs.
Whether you work in Allied health, General Practice, Private Practice Specialists, Public Health or any other profession we understand the importance of the right advice. The world of insurance is complicated but its doesn’t need to be. We can clearly explain in black and white the risks you and your business faces and the covers available to protect your assets, reputation, and professional liability to patients and customers.
There are so many options and types of cover out there its hard to know what’s important and what’s not. At Odyssey we will talk you through all types of covers available for your profession and industry. From statutory insurances that are required as minimum to the many choices available. Below is a list of the common products we can assist with:
We can carry out a needs analysis to identify potential and existing risks to your business – taking into account your risk appetite and any issues concerns you have. We do research on insurers to present you with a personalised program to suite your needs within your risk profile.
We implement your tailored insurance strategy, confirming and communicating the details of your policy and premiums.
We can handle the day-to-day management of your insurance cover, holding regular review meetings to make sure you continue to have the right level of protection and recommending changes where necessary to cover any new or emerging risks.
If you have a claim, we can support you through the entire claims process – negotiating with insurers and third parties to ensure effective communication, swift legal advice, manage and arrange payment of any benefits per the policy terms and conditions. We can maintain up-to-date claims statistics and analysis on your claims frequency, severity, causes and trends so we can get the best outcome for you when it’s time to renew your policy. If a common claim arises, we can discuss risk management strategies to mitigate and minimise recurrences protecting your ability to gain access to insurance in the years to come.
As the end of the year approaches, we can review any changes to your business over the course of the year, including any claims you made and put together a proposal recommending the best option for you for the following year.
There are many situations that should trigger a review of your insurance policies, including changes in the following:
It is important to note that waiting for your renewal to roll around may not be the best strategy, as there could be significant deficits in cover and potentially leave you at risk.
As a Steadfast insurance broker, we are able to access many of these services for FREE! We have access to experts in this very complex field to help. Ask us how we can help you.
Researching different policies and comparing policy wordings can be time consuming and tedious. With innovative tools, we can quickly compare and assess different insurance products – taking the hard work out of finding the right cover.
We can take the time to understand your business and provide options that suit you.
We help ensure you have the correct levels and types of insurance in place so that you are paying the right premium. If your circumstances have changed, we can also recommend ways to help ensure your cover is cost effective.
Reviewing your funding options
You may wish to pay your premium for the year upfront, or in flexible monthly or quarterly instalments to assist with your cashflow. We can assist in sourcing premium funding options to suit your needs.
By reviewing your current situation, we can help ensure you have the right types of cover required and the correct sums insured so you have peace of mind that you are adequately protected.