Due to Papua New Guinea's location near the Bismarck, Solomon and Coral Seas, we face ongoing challenges related to the weather. Whether this is the high humidity, heavy rainfall during the wet season or strong winds, most of us underestimate the powerful ability of Mother Nature.
However, while we can withstand a brief thunderstorm or bout of wind, the same can't be said for a natural disaster. According to the Papua New Guinea National Disaster Centre, there are a number of hazards that can pose a threat to life, homes and businesses.
When these rare occurrences strike, it can be devastating – knocking out power, water and other basic amenities. For small business owners, natural disasters could prevent operation for some time, resulting in poor cash flow and loss of income to employees and yourself.
With this in mind, it makes sense to invest in business insurance. In this article, we'll outline how this can assist you and your business moving forward.
It doesn't matter whether you are a small cafe or a tax office, every business has equipment, machinery and other facilities that are vital for its operation. After a natural disaster, this infrastructure may need to be repaired or replaced – a significant cost that is often no fault of the owner.
With business insurance on your side, you can quickly get vital infrastructure back up and running. Natural disasters can be a setback to any PNG organisation, but with the right policy, the team at Trans Pacific Assurance will help you back to your feet.
As we all know, natural disasters can occur in a moment with little or no warning. In fact, business owners might only have a couple of hours to protect their premises. It is the unexpected that can catch some people out, and suddenly the business has suffered severe damage forcing closure.
Again, while business insurance won't warn you that a disaster is on its way, it does provide that unexpected protection that if something does happen out of the blue, you are able to open your doors as quickly as possible. Refurbishing premises, replacing critical equipment or covering other expenses – make sure your PNG business has the protection it needs.
For more information about business insurance, feel free to get in contact with our team today.