What Are the Specific Risks Faced By Adelaide Businesses?
Adelaide and its surrounding area is one of the most seismically active regions in Australia. The region has experiences earthquakes just 12km from the city centre in 2010, 2011 and 2014. These earthquakes have the potential to cause destruction to homes and businesses. As such, it is imperative that businesses operating within this region be fully protected with insurance that covers their property and assets.
PSC Direct Insurance Brokers Adelaide specialise in sourcing appropriate policies in order to ensure your property is fully covered in a destructive event such as this. We can assist you in valuing your assets so that you don’t find yourself underinsures, and receive the maximum possible cover if the worst does happen.
Adelaide is known nationally as Australia’s manufacturing base; with almost half of all cars made in Australia being produced in Adelaide at the General Motors Plant in Elizabeth.
The nature of work in the manufacturing industry often involves the use of plant and heavy machinery equipment, which brings with it a certain degree of risk. The highest risk exposure in the industry is typically the risk of employee injury in the form of broken bones, fractures & sprains as well as crush injuries, cuts and lacerations. Other risks in the manufacturing sector include vehicle manoeuvring and poor maintenance of machinery. If your Adelaide business operates within the manufacturing sector, it is important to speak to an Insurance Broker in the area who can give you advice on how you can minimise risk, as well as suggest relevant insurance policies that may cover you.
Import / Export
Adelaide is home to 40% of Australia’s high tech electronics industry, which designs and produces electronic systems that are sold worldwide for applications in medical, communications, defence, automotive, food and wine processing and industrial sectors. This equipment must be moved from Adelaide to various locations both nationally and internationally and as such, should be fully protected while in transit.
Theft of transit goods is an ever-increasing problem in the transportation industry. It’s estimated that cargo theft costs shippers and trucking companies up to $30 billion a year. Other risks in transit include staff injury, vehicle collision, load securing and fire.
The retail sector is the 2nd largest employer in South Australia providing 91,000 jobs to 12% of the state workforce. In order to protect the state’s economy for the long term, these businesses should be fully protected with a comprehensive retail insurance policy that protects the business, its owners and its employees.
Adelaide Retail business should consider appropriate insurance cover for their needs. This will depend on a number of factors such as the size of the business, what it sells and the number of employees.Businesses in Perth face unique risks in regard to their location. PSC Direct’s Insurance Brokers in Perth have applied their knowledge of the state and its unique climate, economic trends and industries in order to identify risks that Perth Businesses are exposed to.