IN THE BALANCE: Why insurance is the missing link in your property and business strategy

In this episode of In the Balance, co-hosts Phil Tarrant from SPI and Munzurul Khan from KHI Partners are joined by managing director of KHI Insurance Services, Rochelle Kettles, to unpack the critical but often overlooked role of insurance in property investment and business operations.

The trio highlights how insurance, though often overlooked, is essential for property investors and business owners, with Rochelle explaining the distinctions between insurers, underwriters, and brokers.

A major point is the danger of underinsuring properties, especially given rising construction costs and evolving building codes, with Munzurul sharing a personal story about underinsurance, reinforcing the need for regular policy reviews.

The conversation then expands into business insurance, with Rochelle pointing to the growing relevance of management liability insurance due to rising occupational health and safety claims and the rise of cyber insurance.

The episode also underscores the value of working with knowledgeable brokers who can provide guidance and advocate during claims.

For investors and business owners, the takeaway is clear: insurance should be proactive, not reactive.