In a changing world where events can often overtake things, maintaining adequate financial protection becomes paramount.
Deciding who is best to provide that protection often comes down to deciding who best fits the niche that you operate in.
Will Phillips, owner manager at Elders Insurance (Shepparton) sees their company providing specialist service to the agriculture sector, ranging from on-farm insurance to serving the needs of those businesses that work within the agricultural sector.
Recent events across the country such as fires and floods have put additional pressures on providing the best coverage with premiums having to rise across the country to meet the increasing risks people face.
Future flood predictions have forced the Insurance Council to infer that up to 60 percent of dwellings within the Shepparton region may become uninsurable due to their proximity to flood plains and fire zones.
This changing climate will also have an increasing impact on damages to crops and livestock in the near future giving cause for the team at Elders to develop policies with farmers that are going to suit these business owners going forward.
Like many industries in the region, securing new staff to help growing businesses becomes harder all the time. Will sees insurance as a great opportunity for people with rural knowledge in particular to build long term careers.
“At Elders Insurance, we have multiple career opportunities from admin, to sales to claims processing,” said Will.
Unlike many other insurance intermediaries, Elders Insurance in Shepparton can handle, process and pay most claims directly to their insurers.
The choices for rural business are many however, managing adequate coverage will become critical in the future and being able to look at those options in a constructive way will challenge both farmers and business owners to work closely with your local Elders Insurance agent who better understand the nature of their business and manage the risks accordingly.
