How Extreme Weather Risks Impact Your Business Insurance Premium

How Extreme Weather Risks May Impact Your Insurance Premium

Upon reviewing a recent severe weather report released by the US National Centre for Atmospheric Research it has been suggested that Australia is at risk of more extreme weather down under due to global warming. will result in extreme weather

It suggests that as the climate warms Sydney & Melbourne will be exposed more than ever to increasingly intense hailstorms & tropical cyclones as they track futher south while the bigger threat for regions further south has been reported to be bush fires.

A further report can be found here.

So how does this impact your insurance premium?

Over the last couple of years we have observed a premium increase on commercial property and business insurance. The major insurers have advised us that this is is due to larger and more frequent claims.

Here at Acquire we are always on the lookout for the best deals for our clients, so our clients don't have to simply accept a large premium increase...However sometimes it is worthwhile continuing with the holding insurer price aside for reasons such as a better claims service or continuity of cover with the holding insurer which we profile and decide on a case by case basis.

As a team of Industry professionals, we specialise in business insurance for SME’s and would love to try and help you reduce your insurance premium.

Get in touch with us today discuss by calling on 1300 095 683 or emailing [email protected]

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