Rick Mapperson was interviewed regarding personal insurance for business owners. These tips and guidelines apply to more than business owners and are important to be aware of. Getting your level of cover right and structured in a way that is tax effective could mean an extra few hundred dollars in your pocket each year.
There are some subjects people would rather avoid than address. One that can be fairly common amongst people is their own mortality. Only 50% of Australian adults have a valid will. For some people it may be that they have not bothered to get around to doing one, others feel that they don’t have enough [...]
Rick Mapperson and Associates has been busy lately with magazines, newspapers and online information sites interviewing our Managing Director about business and insurance. Rick Mapperson has also had helpful articles published across Australia that we thought you would be interested in. Hot off the press, in the July 2011 issue of Dynamic Business magazine on [...]
Over the years I have seen too many people pay a huge price to become successful in business and achieve financial prosperity. There is no point making money if you have no time to enjoy it, no one to share it with, or no health to appreciate it.
. You have enough insurance within superannuation Most people don’t. There are many reasons why they shouldn’t be put together. Insurance is an expense. Superannuation is an investment. Do you know what your insurance is really costing you? Despite the fact that almost every working Australian has a level of life insurance cover within their [...]
Risk-taking is an integral part of business and life, particularly in small business, but so few people know how to manage it properly. The key is to not eliminate risk, but to reduce risk and plan for the worst-case scenario.
National statistics show that most of these sufferers of the ‘It will never happen to me’ and ‘She’ll be right, mate’ syndromes will experience an insurable event in their lives. More than three in four Australians will be diagnosed with a serious illness in their working life. This is a real problem considering that Australia is one of the most underinsured nations in the developed world.
None of us would fly on a plane that didn’t have any emergency procedures or oxygen masks in place. Yet when you are the owner of a small business it is easy to put-off installing ‘in-case-of-emergency’ measures. Consider for a moment your business. If your business is like most small businesses, the most vital element of your organisation is you – the owner. With this in mind, you need to make sure your business can go on without you.