Ignition Australia Ignition Feb 2019 - AU - JOOMAG | Page 15

are you prepared
For The Storm Clouds On The Horizon?
In July 2018, a landmark study by Newcastle University found the roofs of cars and buildings, but it is not unusual for
that, in line with a global trend, severe storms in Australia businesses to be affected by severe winds, lightning strikes,
are intensifying. New Zealand, too, is being hit by intense water ingress and flash flooding. Sometimes a business may
cyclones and tornadoes. It begs the question, have you be unaffected by the storm itself but suffer because utilities
adequately protected yourself and your business against this like electricity, gas and water have been cut – making it
rising threat? impossible to operate workshop equipment.
Traditionally, December through to March is the peak storm Whilst securing your premises is extremely important,
season in both Australia and New Zealand. Is your business there are some things even the most responsible business
adequately prepared for a severe storm? owner might not have considered – like keeping important
Around the world, storms are becoming more frequent, documentation in waterproof containers and backing up
stronger, and each hour are delivering two to three times the critical data to a portable device and saving it in a secure
amount of rain than historically expected. location.
Not surprisingly, this is resulting in more claims. It is not just The effect of a storm on your business can be potentially
the number of claims but the total value of them, too. devastating, and being as prepared as possible is the best
Recently, severe hailstorms that hit New South Wales in way to mitigate the effects. Capricorn Risk Services has an
December 2018 caused more than $125m in damages, with early warning system in place to alert Members to potential
Sydney experiencing almost $700m in storm damage over storm threats, so they can adequately prepare.
the last 5 years alone! The best preparation, however, is done well in advance.
Between January and April 2018, severe weather and cyclones Consider whether you have adequate protection for your
had caused NZ$211.3 million in damage across New Zealand. business if a storm hits. If you have any concerns or want to
A lot of this storm damage has been from hailstones battering double-check, talk to your Risk Account Manager.
Contact your Capricorn Risk Account Manager for more information on storm protection, or to find out how
Capricorn Risk Services can assist in updating your current risk protection.
Call today on 1800 007 022 or visit capricornrisk.com.
Products sold through Capricorn Risk Services Pty Ltd (ABN 93 111 632 789) are: (i) discretionary risk protection products issued by Capricorn Mutual Ltd; and
(ii) general insurance products issued by a range of insurers and brokered through Capricorn Insurance Services Pty Ltd. Before deciding to acquire any product
you should consider the Product Disclosure Statement available from Capricorn Risk Services Pty Ltd to see if the product is appropriate for you. Capricorn
Risk Services Pty Ltd is a Corporate Authorised Representative (No. 460893) of Capricorn Mutual Ltd (AFSL 230038) and Capricorn Insurance Services Pty Ltd
(AFSL 435197).
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