Table of Contents

End Of Financial Year business insurance checklist

At the end of the financial year (EOFY), it is important to understand your insurance policies and your business requirements. Use this checklist and talk to your insurer or broker to make sure your business is EOFY ready.

Have you reviewed all your insurance policies and checked your policy inclusions and exclusions? If you don’t understand any aspect of your policies, now is the time to contact your insurer or a broker

  1. Are your business inventory and valuations up to date and reflect current costs
  2. Have you bought new vehicles or equipment, expanded the premises in the past year, signed a new lease, hired subcontractors or disposed of any assets?
  3. Have you assessed the risks to your business? For example, are you in a flood-prone area? What about cyber risk? And the impact of privacy laws on your business?
  4. What would happen to your business, your employees, suppliers and your customers if your business could not trade due to unforeseen circumstances? Do you have business interruption cover?
Written by Team Sami & Reviewed by
John David
Insurance Manager | Sami Insurance
With over 40 years of experience across the global insurance and reinsurance landscape, John David is a seasoned leader dedicated to simplifying protection for the modern workforce. As the Insurance Manager at Sami Insurance, John combines deep technical underwriting expertise with a passion for the evolving Insurtech space.
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John works closely with the Sami team to provide freelancers and sole traders with insurance solutions that are radically simple, transparent, and cost-effective. By leveraging cutting-edge technology and a sharp eye for detail, he helps clients navigate complex risks with a friendly, human-centric approach.

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