What Are the Specific Risks Faced By Perth Businesses?
Businesses in Townsville face unique risks in regard to their location. PSC Direct’s Insurance Brokers in Townsville have applied their knowledge of the state and its unique climate, economic trends and industries in order to identify risks that Townsville Businesses are exposed to.
Popular attractions in Townsville include “The Strand”, Riverway, The Museum of Tropical Queensland, and Magnetic Island; a large neighbouring island, the vast majority of which is national park. Townsville is also a popular destination for many of the 2 million tourists that visit the Great Barrier Reef each year.
Businesses operating within the tourism sector contribute significantly to the economy of the state. These businesses however, are exposed to certain risks unique to the industry that they operate in. In Townsville’s hospitality sector, managers and business owners have to deal with a wide array of human behaviour, so all hospitality businesses should be appropriately covered for things like Public Liability, Fire, Theft and Personal Injury.
Like most of North Queensland, the Townsville area is particularly susceptible to tropical cyclones. Usually occurring between December and April, these cyclones form mainly out in the Coral Sea, and usually track west to the coast. The most severe cyclones to affect the Townsville Region recently were Cyclone Yasi (2011), Cyclone Tessi (2000) and Cyclone Sid (1998), which caused major flooding in Townsville and Thuringowa.
Businesses operating in this region are all too aware of the cyclone risk, and should incorporate it into their risk management strategy. Cyclones can cause severe damage to business assets and property, so an appropriate insurance policy may be necessary for protection. PSC Direct Insurance Brokers Townsville can help ensure that your business survives with minimum financial losses should a cyclone hit.
Townsville has its own manufacturing and processing industries and is the only city in the world to refine three different base metals – Zinc, Copper and Nickel. In the manufacturing industry, businesses are particularly exposed to a number of risks and hazards due to the tasks performed. The main risk in the manufacturing industry is that of employee injury, while other risks include vehicle-manoeuvring accidents, poorly maintained machinery, and the use of hazardous substances.
Townsville hosts several sporting teams that participate in national competitions, including the North Queensland Cowboys, the Townsville Fire and the Townsville Crocodiles. These teams play at a range of venues from the Townsville RSL Stadium to the Townsville Entertainment Centre and the 1300Smiles Stadium.
Businesses operating within the sports and leisure industries are exposed to a number of risks. It’s important that the organisers of these sporting events and the participants are fully covered with appropriate insurance.