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Importance of Business Protection (sponsored)
Importance of Business Protection (sponsored)

24 May 2024, 5:00 PM

In the dynamic and unpredictable world of business, safeguarding your business is not just a prudent decision—it's essential.Business protection encompasses a range of strategies and tools designed to shield your company from various risks, ensuring longevity and stability.Whether it's natural disasters, legal issues, or unforeseen economic downturns, robust business protection can mean the difference between weathering the storm and shutting your doors permanently.Effective business protection involves a comprehensive risk management approach. This includes implementing security measures, establishing contingency plans, and, crucially, obtaining the right insurance coverage.If you, as a business owner, proactively address potential threats, you can focus on growth and innovation, and feel confident that your business is well-protected.What Types Of Business Insurance Do You Need?Understanding the types of insurance your business needs can be overwhelming, but it's a vital step in comprehensive business protection.Here are some key types of business protection insurance every business should consider:General Liability Insurance: This is fundamental for covering potential legal issues arising from accidents, injuries, or claims of negligence.Property Insurance: Protects your physical assets, including buildings, equipment, and inventory, against damage or loss from unforeseen events like fire, theft, and natural disasters.Professional Liability Insurance: Also known as Errors and Omissions Insurance, this covers legal costs and damages if your business is sued for negligence or inadequate work.Business Interruption Insurance: Compensates for loss of income and operating expenses if your business is forced to shut down temporarily due to a covered event.Cyber Liability Insurance: As cyber threats become increasingly prevalent, this insurance protects against data breaches and other cyber incidents.Each business has unique needs based on its size, industry, and specific risk factors. Consulting with a knowledgeable insurance broker can help tailor coverage to your particular circumstancesWhy Insurance Cover Is ImportantInsurance plays a crucial role in business protection. It provides a financial safety net, enabling businesses to recover more quickly from disruptions.Without adequate insurance, a single incident could potentially cripple your business, leading to significant financial loss or even closure.Insurance protection also fosters trust and credibility with clients and partners. Demonstrating that you have comprehensive coverage reassures stakeholders that you are prepared for any eventuality, thus enhancing your business reputation.Moreover, many forms of insurance are legally required, such as workers' compensation and commercial auto insurance. Compliance with these regulations not only avoids legal penalties, but also promotes a safe and fair working environment.In essence, insurance is not just an expense—it's an investment in the resilience and sustainability of your business.Contact C&R Insurance BrokersNavigating the complexities of business insurance can be daunting, but you don't have to do it alone. At C&R Insurance Brokers, we specialise in helping businesses identify and secure the coverage they need.Our experienced team is committed to providing personalised service and expert advice to protect your business against the unexpected.Contact us today to discuss your insurance needs and safeguard your business's future. Commercial - Horticulture & Viticulture - Rural - Personal - Life & Health - Income Protection

Questions over unconsented earthworks
Questions over unconsented earthworks

14 May 2024, 5:45 PM

Commissioners involved in a hearing at Millers Flat for the proposed Hawkeswood Mining project were not impressed yesterday about the company carrying out earthworks without any consents.Led by Louise Taylor, Rosalind Day-Cleavin and Craig Welsh, the panel questioned the lawyer Jeremy Brabant about the earthworks, on day one of the hearing.Jeremy replied that the ‘why’ was irrelevant in the current context of the application and said the panel’s decision-making process shouldn’t be influenced by what had happened in the past.The panel further prompted the lawyer about their concerns with the company’s commitment to rehabilitating the site.“It wasn’t a good start to the process . . . hopefully the site looks a lot better than it does now,” Louise said.Hawkeswood Mining Ltd expects to create up to 30 jobs and inject an estimated $5 to $7 million annually into the local community with its gold mine on the banks of the Clutha Mata-Au River.Aiming to be operational by August 1, the project received more than 470 submissions, the majority of which were in support, but both the Otago Regional Council (ORC) and Central Otago District Council (CODC) consultant planners recommended it be declined.Jeremy said the company aimed to return the land to pastoral use after it had finished, “and was certainly not darting around its responsibilities.”He said the company was also very open about ongoing consultation with affected parties such as iwi, and rehabilitation work would be ongoing throughout the 10-year project.Hawkeswood Mining first applied for a discretionary consent in 2022, for a two-hectare mine over a period of five years.This was - by request of the applicant - publicly notified by the ORC and CODC in 2023.Hawkeswood Mining then paused the application to make amendments - extending the proposed mine to cover approximately 10 hectares for a period of 10 years.The councils determined a new application needed to be made due to the significant increase in the intensity and scale of the activity.A CODC document show the unconsented work had exceeded the district plan allowance by 2118m3 and the company admitted it was an oversight by its survey team.Hawkeswood Mining is seeking consent to use the land as well as to take water, and discharge water to land only, with no risk of contaminants being discharged to water.

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