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Fuel crisis: The quiet insurance gap that could hit your small business

As Australia’s fuel crisis deepens, many small business owners may discover too late that their insurance policies no longer match their reality.
small business tax insurance fuel crisis
Source: Adobe Stock

It’s moments like these where insurance can mean the difference between survival and insolvency. As the fuel crisis stretches past March and business collapses across Australia begin to climb, thousands of owners will be looking to their policy as a lifeline.

Yet I suspect many are in for a shock when they go to pull out that dusty insurance certificate from the bottom drawer. The one they set up when they started their business, then reasonably forgot about — because they were too busy actually growing their company.

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