Insurance Essentials — What Could Save (or Sink) Your Business

In this episode, we unpack one of the most misunderstood yet critical aspects of running a business: insurance.We’re joined by Mitch Cornish from MJC Insurance Brokers, who shares real-world experience, practical insights and clear advice to help business owners better understand what protection they truly need.Whether you’re just starting out or have been in business for years, this episode is designed to simplify insurance, highlight common pitfalls and give you the confidence to make informed decisions about protecting what you’ve built.🔍 What We CoverWe dive into the essential insurance policies every small business should have, including which covers are non-negotiable and often overlooked. Mitch explains common misunderstandings about coverage and how business owners can avoid being underinsured.You’ll hear real “good news” stories where the right insurance prevented major financial loss, along with what was in place that made all the difference and the key lessons you can apply straight away.We also explore “bad news” scenarios where gaps in cover caused serious issues. Mitch shares the most common and costly mistakes, plus the red flags to watch for in your current policies.On top of that, we discuss practical insights that many business owners overlook, including risks that are often underestimated, how often policies should be reviewed, what to prepare before speaking with a broker and tips for keeping premiums manageable.💡 Why This MattersMany business owners don’t realise they have gaps in their insurance until it’s too late. This episode will help you identify risks early, protect your business properly and avoid costly surprises down the track.👤 About Our GuestMitch Cornish from MJC Insurance Brokers works closely with business owners to ensure they have the right cover in place, helping them navigate the complexities of insurance with clarity and confidence.If you’d like help reviewing your current policies, closing gaps or getting the right cover in place, you can connect with Mitch at www.mjcib.com.au or email [email protected] for tuning in. We’ll catch you in the next episode! 🎧