January in Queensland marks the height of cyclone and storm season—a period characterised by heavy rain, strong winds, and an elevated risk of property damage.
For businesses in the earthmoving and allied industries, it’s a time to be extra vigilant about protecting equipment, assets, and operations.
If your business is adding new equipment or services in 2025, it’s essential to ensure your insurance policy is up to date and prepared for the unique challenges of the season.
The January Challenge: Queensland’s Weather Risks
Cyclones, storms, and torrential rain aren’t just disruptive—they can be devastating. For businesses that rely on heavy machinery and tools, unpreparedness can lead to significant financial losses. Key risks to consider include:
- Flooding: Water damage to machinery, stock, and facilities can result in costly repairs or replacements.
- Wind Damage: Cyclonic winds can topple structures and cause equipment to become hazardous projectiles.
- Business Interruption: Delays caused by severe weather can disrupt operations, impacting your bottom line.
An updated insurance policy tailored to these risks is your safety net.
Adding New Equipment or Services in 2025? Update Your Policy!
As your business grows, so do your insurance needs. Whether you’re investing in new machinery, expanding your fleet, or offering new services, your current policy might not fully cover your latest additions. A review ensures:
- Comprehensive Coverage: Verify that all new equipment is listed in your policy, including specifications and replacement values.
- Liability Updates: Expanding services can increase risks. Make sure your public liability insurance reflects your updated operations.
- Fleet Adjustments: If you’ve added vehicles to your lineup, check that they’re insured for all relevant uses, from transport to on-site work.
Your January Insurance Health Check
To start the year right, why not go through our checklist below and see if you are ticking all the boxes when it comes to insurance for your business.
- Review Your Coverage: Ensure all assets, including new equipment, are included in your policy.
- Check for Underinsurance: Confirm that your policy reflects current replacement costs, particularly in a rising market.
- Update Risk Profiles: Have your operational risks changed? Ensure your policy matches your current activities.
- Reassess Weather Protections: Verify coverage for flood, cyclone, and storm damage—essential during Queensland’s disaster season.
- Evaluate Business Interruption Insurance: Confirm this safety net aligns with your revenue and potential downtime.
- Talk to an Expert: An HMIS specialist can help you identify gaps and optimise your policy.
Protect Your Business Before It’s Too Late
Queensland’s unpredictable weather doesn’t wait, and neither should you. Taking the time to evaluate your insurance coverage now can save you significant stress, time, and money later. At HMIS, we specialise in tailored insurance solutions for those in earthmoving and allied industries, ensuring you’re prepared for whatever 2025 may bring.
Need help with your insurance? Reach out to HMIS today and start the new year with peace of mind.