SME Shield
SME Shield is a package for established, growing businesses including family business and those entering overseas markets.
It includes a core set of insurance policies packaged specifically for businesses in the SME sector and directors, who have successfully grown (or acquired) and moved beyond startup phase. As they continue to grow, their risk increases.
Many SME businesses secure insurance only when a direct need arises. When they need a lease, when a contract requires it or the supply chain partners recommend it. Risk is increasing for such businesses. Especially when growth includes an increased digital footprint, the business, and its owners are often left exposed to a huge level of risk (whether they know it or not).
This approach to risk is reactive. It makes it difficult to manage various policies and coverage – but also often means cost effective insurance is difficult and more time consuming to achieve.
What is SME Shield?
SME Shield is a package for established, growing businesses including family business and those becoming increasingly digital and/or entering overseas markets.
The operations, structure and associated risks of a typical SME are different to big business. Broad insurance policies are often well beyond what they need, specific risks and gaps in the insurance register can be a nightmare to manage.
So we’ve negotiated core policies and coverage that will best fit the SME market – and we tailor it to match the particular business and its risk.
SME Shield is a tailored set of core policies together with a suite of optional policies which we can include or exclude based on the actual business operations and associated risk – not one size fits all approach.
What is included?
SME Shield includes 4 core insurance policies packaged specifically to help business owners and directors who have successfully grown (or acquired) but not managed their increased risk along the way.
Our core policies include:
- General Liability (includes public liability)
- Business Insurance
- Management Liability
- Cyber insurance
And optional SME policies that are included where the business operations mean a policy covering that risk makes sense (not a one size fits all).
- Trademark insurance
- Legal Expense cover
- Professional indemnity
- Corporate Travel
- Trade Credit Insurance
Do I qualify for SME Shield? (if you’re a SME most probably, yes!)
These packages have been tailored for businesses with revenue between $1million and $25 million (if you’re below this bracket, ask about our Startup Shield!).
Where can I find more info?
Book in for a no obligation insurance health check.
Our insurance review can help you determine what cover you have, provide guidance on what may need to be adjusted up or down, and if SME Shield is appropriate for your current business operations (or a single policy may better suit your risk profile/existing coverage).
This is a no obligation service.