What Are the Specific Risks Faced By Darwin Businesses?
Businesses in Darwin face unique risks in regard to their location. PSC Direct’s Insurance Brokers have applied their knowledge of the state and its unique climate, economic trends and industries in order to identify the risks that Darwin Businesses are exposed to.
Darwin has a tropical climate with distinct wet and dry seasons. Businesses in the area are often exposed to tropical cyclones and monsoon rain during the wet season, when thunderstorms are commonplace. This severe weather can cause destruction to business property and assets across the sate. As such, it is imperative that businesses in Darwin have their property adequately covered.
The Insurance Brokers at PSC Direct know that your property is your business’s biggest asset and as such, should be protected. We understand the impact that natural catastrophes and severe weather can have on a business and are experienced in accurately valuing business property and assets to ensure that Darwin businesses are fully covered.
Darwin’s mining and energy industry production exceeds $2.5 billion annually, from minerals including gold, zinc and manganese. Businesses operating in the industry are extremely important to the Northern Territory’s economy, but they are also exposed to a high level of risk.
Mining is one of the world’s most dangerous occupations, with miners facing several dangers while carrying out their day-to day work, from cave-ins to gas explosions, vehicle collisions and fire. It is therefore vital that businesses operating in the industry take steps to reduce the risk that they are exposed to, and have adequate insurance in place to cover them financially should an incident occur.
PSC Direct’s Insurance Brokers have extensive experience in Mining Insurance and as such are best placed to offer risk management advice to businesses operating in this niche.
Tourism employs 8% of Darwin residents, and the industry is expected to grow as the state is experiencing an influx of domestic and international visitors. Darwin’s tourism sector is currently creating employment opportunities across the state, but businesses operating within the sector should be aware of the specific risks they are exposed to.
At PSC Direct, we understand that insurance cover is vital for the peace of mind of any business owner, particularly business operating in the Tourism industry where managers have to deal with a wide range of human behaviours. As such, we can ensure that Tourism businesses in Darwin are appropriately covered for things like Public and Product Liability as well as fire and storm damage, theft and even personal injury.
With an increase in demand for petroleum from the Timor Sea, Darwin’s importance as a port is expected to grow. Darwin has been called the ‘Gateway to Asia’ as a result of its proximity to Papua New Guinea, Jakarta, Brunei, Malaysia and Singapore, which make it a hub for some of Australia’s import and export businesses.
Businesses involved in the loading, transportation and unloading of goods, on both a national and/or international scale, are exposed to a varied set of diverse risks that are unique to the nature of the work. At PSC Direct, we can secure an insurance policy that reflects the specific needs of your industry that will not leave you underinsured.