TAL has conducted a series of national education workshops across Australia throughout March to help financial advisers better support their clients in the business insurance space.
TAL Risk Academy’s Business Insurance Essentials workshops were presented by Scott Hoger, TAL’s national technical manager, to educate advisers on how to identify key advice opportunities, create effective business succession plans, and raise awareness of the importance of business insurance to small- to medium-sized business owners.
“Business insurance advice has grown significantly as a new avenue for financial advisers,” said Beau Riley, TAL head of licensees and partnerships. “While there are more than 2.3 million actively trading businesses in Australia, research indicates that less than 20% of Australian businesses are equipped with a succession plan. This underinsurance gap presents an ideal opportunity for financial advisers to fulfil their best-interests duty and add value to their customers. By supporting customers to develop good succession plans, financial advisers can help customers maximise the value of their businesses and ensure they meet future needs. There is a clear need for business succession advice and financial advisers with the technical knowledge and skills in the space will differentiate themselves in the market.”
TAL Risk Academy is also set to run Business Insurance Masterclasses throughout April in Sydney, Brisbane, Adelaide, Perth, Melbourne, and Canberra, to be presented by David Glen, TAL national technical manager. The masterclass carries five CPD accreditations for the Association of Financial Advisers (AFA) and five CPD accreditations for the Financial Planning Association of Australia (FPA).
The Business Insurance Masterclass is available for a small fee that will be donated to the Australian Business and Community Network (ABCN) Scholarship Foundation, a not-for-profit organisation that connects business with disadvantaged children to improve their education.
To enrol in the masterclass or for more information, visit the TAL Risk Academy website.
