Every company needs to guard their wealth, but asset protection is challenging and complex. Risk varies with each company structure and regulations often vary between states and territories. It’s important you understand your risks and take sensible precautions.
dnm group tailors a plan to protect your company’s assets from creditor’s claims, while operating within debt-creditor law. We can lower risk whether you’re a sole trader, limited liability company, trust, or partnership. Our asset protection techniques can legally insulate assets from possible future financial setbacks, business or family disagreements, or bankruptcy. It offers a degree of protection if something does go wrong.
dnm group can also provide expert advice on insurance, including compulsory and additional coverage. Your business activities and company structure determine the coverage you need, as well as your industry and business size.
Risk increases as your business grows, especially if you have employees. dnm group has expertise to address your increased risk in the most cost-efficient and valuable way. Relying on compulsory coverage alone, could jeopardize the business you’ve worked so hard to build.
dnm group analyses your business risks and suggests appropriate coverage. Common business insurance offerings focus on assets and revenue, liabilities, and personnel, so a review of each is essential for proper coverage and the lowest possible cost.
dnm group may suggest property, business interruption, directors’ and officers’ liability, public and employee liability, cyber liability, professional indemnity, motor vehicle, or other insurance coverage. dnm group can also source specialized coverage to address unique needs or a particular niche if major insurers don’t readily offer it. For instance, hospitality and medical businesses often require coverage beyond a standard insurance policy. Life insurance may be another consideration.
dnm group will pinpoint vulnerable areas, analyse risk, and read the fine print to eliminate well-hidden exclusions. Tailored coverage means you only pay for what you need, instead of buying wasteful, broad policies. Our experts look for appropriate discounts, bundle coverage when appropriate, and deliver value while minimising risk.