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CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

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Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

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If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

Get the most out of your business insurance

Posted on Aug 18, 2015 by CFL Financial

No matter how hard owners may work to avoid them, disasters are an unavoidable aspect of life, and can strike a business at any time. Whether they take the form of IT system failures, floods, fires or earthquakes, unfortunately there is almost nothing a business owner can do to ensure that their business will be 100% protected from a crisis.

However, when it comes to claiming business insurance for a disaster, there are some ways to make the road to recovery run a whole lot smoother.

Take out adequate cover
Underinsurance can often be an issue at claim time since many small businesses mistakenly renew their policies without updating their cover. Hiring more staff, acquiring new property, stock and contents, increasing your revenue or taking on additional contracts means that a business’s policy must be updated. This includes any new purchases made under the revised small business tax write-offs.

Gather supporting documents
The more information a business owner can provide to their insurer, the better. This includes copies of receipts, financial records, photographs (if possible, before and after the disaster) and asset registers. Owners may want to consider keeping these records somewhere other than their business premises for extra protection, such as with the business’s accountant, backed up on a portable hard drive, or stored in the cloud.

Be patient
Some circumstances in disasters can slow down the claims process. For example, minor damage to a commercial vehicle can normally be fixed in a week, whereas major damage to a building will take a longer period of time to repair. If items have been stolen, the time taken to replace them depends on how easy they are to replace. Repairs can also be slowed down if there is a higher demand for builders or materials following a major disaster.

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

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Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 9, 360 Queen Street
Brisbane
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

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