Mackay has a distinctive business environment shaped by its globally recognised mining equipment, technology and services (METS) sector, alongside agribusinesses and growing construction, logistics and tourism industries.
Many businesses are also closely connected to the Bowen Basin and the Paget industrial precinct. This can mean working at mine sites, transporting specialised equipment, maintaining heavy machinery or providing technical and professional services to resource companies. These activities can create contractual, liability and property risks that differ substantially from those of a local retailer or professional office.
Mackay also has a high risk of cyclones and flooding during the wet season, while low-lying areas can be exposed to storm tide. Business interruption, property damage and restricted access following severe weather should therefore form part of risk planning for many local businesses.
No two businesses carry the same risk profile. Your insurance programme should reflect what your business does, where it operates and the assets and responsibilities it relies on.
Business Insurance may be relevant for:
The appropriate cover will depend on your activities, contracts, premises, workforce, equipment and the locations where you operate.
Mackay businesses may require several forms of insurance rather than relying on a single policy.
Key areas to consider include:
Policy limits, exclusions, excesses and conditions should be reviewed against your actual business activities.
Mackay’s combination of industrial activity, mining-related work and natural hazard exposure means insurers may look closely at how a business operates.
They may consider:
Mackay Regional Council recommends that businesses develop business continuity plans to prepare for emergencies and continue operating following a disruption.
A clear insurance submission can help insurers understand both your operations and the controls your business has in place.
Crucial Insurance and Risk Advisors is a multi-award-winning, AFS-licensed insurance brokerage supporting businesses with commercial, specialised and hard-to-place risks.
We offer Mackay businesses:
Protect your Mackay business with insurance structured around how it operates and the risks it faces.
Contact us now!