We get it. We really do. Insurance is often costly, and identifying which policies your company truly requires and at which coverage levels can make your head spin. However, it is important to ensure that the business is safeguarded from any potential internal and external risk. The Motion Paradox team can help analyse your business risks, identify the areas where the risk exposure is high and make recommendations of how to better mitigate those risks.
Insurance is one such tool to mitigate risk, and whilst we cannot advise you on the type of insurance products available, nor do we ourselves bind coverage for you, we do have a vast experience of working with excellent insurance brokers with whom we have long term professional relationships. We are always happy to provide our clients with their contact details upon request once the business risks have been exhaustively identified by the Motion Paradox team.
Contracts, when used appropriately, can also help mitigate risk. The warranties and indemnities sections are of particular importance. Inevitably contracts presented by opposing parties may apportion risk unfairly and can require insurance coverage you may not have. We can advocate on your behalf to obtain the most beneficial terms and lowest assumption of risk.
With adequate insurance coverage, proper HR practices, intellectual property protection, and ironclad contracts, your company and its directors can be better protected from a potentially devastating claim.