When claims of negligence, duty breaches, errors or wrongful advice arise, your business needs to be protected. Otherwise, you could face legal action and penalties that leave your business vulnerable.
Public liability insurance is often referred to as general liability insurance and generally protects businesses when legal claims are made by a third party for injuries or property/product damage.
Business insurance can be difficult to navigate, especially without the expertise and guidance you get with Barrack Broking. Insurance is your business’s protection, security and confidence that your company and assets are secured, even when things go wrong.
Alternative Risk Transfer (ART) is the use of strategies other than traditional insurance and reinsurance to transfer your risk. ART can take many forms. Most commonly it will take the form of a company structure used to retain or pool risk on behalf of a single member or multiple members.
The true value of a strategic insurance program is most apparent in the unfortunate event of a claim. Where claims are handled well, you’ll be satisfied that your insurance policy has responded in the manner you expect - with a satisfactory settlement offer finalised in a timely manner.
At Barrack Broking, our general insurance broking goes beyond procuring a policy. From the outset, we develop an Insurance Program Strategy to ensure that your current and future business risks will be covered by your policies.
We partner with clients to help them understand the liabilities, synergies and risk associated with mergers and acquisitions. Our risk consulting and insurance advisory services are designed to minimise and transfer transactional risks, support integration and maximise the success of the M&A.
