Visa 188A and 132A are types of business investment visas in Australia designed to attract investors to conduct business in Australia. When entrepreneurs are holding a visa 188A and preparing to transition to visa 888A, meeting the revenue requirements is crucial, making business insurance important and necessary.
Here are some reasons why business insurance is crucial for entrepreneurs owning Visa 188A/132A:
- Protection of Business Investments in Australia: In the event of accidents, natural disasters, or any unforeseen incidents, insurance policies can help safeguard the value of the business.
- Protection Against Legal Risks: In case of any legal disputes related to the business, insurance policies can cover legal expenses and compensation.
- Protection for Key Personnel: Business insurance can provide protection for key personnel in the event of disability, accidents, or sudden death, ensuring stability for both the business and the entrepreneur’s family.
- Ensuring Financial Stability for the Business: In situations where the business faces financial difficulties due to unforeseen incidents, and there is a lack of revenue, insurance can play a crucial role in reimbursing the declared income since the inception of the insurance policy.
Recognizing the importance of insurance for clients, Bluewise offers assistance in selecting reputable insurance companies with reasonable insurance fees. Moreover, Bluewise supports risk assessment and determines insurance needs based on the industry, scale, and nature of the business to identify the type of insurance suitable for the business operations.
Contact Bluewise using the information below for prompt advice.
Contact Info:
- Bluewise Group | Bluewise Business Advisory | Bluewise Migration Advisory
- Head Office: Liberty Plaza – Level 1, 28/256 Chapel Rd Bankstown NSW
- HCM Branch: 339/10A Le Van Sy, Ward 13, District 3, Ho Chi Minh City
- Hotline: AU 0450 895 589 – VN 1800 599 932
- Email: bw@bluewisegroup.com.au