In relation to the steps and procedures to implement the recommendation: ? cover all key compliance obligations and name relevant documents that you would expect Aaron and Jacinta to read, execute and sign, and any relevant warnings that you may be required to give them ? provide them with a brief summary of what other information may be required for underwriting purposes as part of the application process for the recommended insurances.

Case study You have just been introduced to some new clients: Aaron, age 41, and his wife Jacinta, age 42. They have approached you for financial advice to sort out all of their insurances. For the purposes of this assignment, you will take on much of the general insurance advice role. The couple own and operate a business that provides cardboard-based advertising and signage solutions for consumer campaigns and retail communications. The business is owned by their private company, WECU Pty Ltd. They personally own the building in which the business operates and they lease it to the company, with the lease expiring in 10 years time. The factory building is currently valued at $900,000 including land. It is a solid brick, single-floor factory with window and door locks but no security system. There is always a large amount of cardboard on site, and they have a fire alarm and sprinkler system. The business has annual turnover of $1,008,500 with an adjusted net profit of $395,850. The business has recently been valued at $1,100,000. It operates five days per week from a factory, fitted out with state-of- the-art equipment (printers, conveyers, die-cutters, computers etc), which enables them to print posters onto boards and automatically cut the mounted posters into customised or standard shapes and specifications. They also have forklifts and wrapping machines to enable their finished products to be wrapped, ready for transport. These machines require a reliable electrical supply and regular maintenance. They have some solar panels, but they only supply enough energy to provide hot water for the onsite break-room kitchenette (oven, fridge, coffee machines, kettle, dishwasher) and bathrooms. Aaron, a graphic designer, is responsible for customer relations, design and concept development, pricing and general management. A full-time manager is responsible for engineering, sample production, full production and logistics. In addition, there is a part-time graphic designer, two full-time print/production team members and a part-time staff member who looks after accounts, invoicing, billing and website updates (currently their 20-year-old daughter Carla). The business relies on contracts with trucking businesses to deliver goods to customers on time and in good condition; machine suppliers for repair and maintenance of equipment; and a company that provides fortnightly cleaning of the premises. Today your role is to help with the general insurance needs for both their business and the property from which the business operates (owned by Jacinta and Aaron). Jacinta and Aaron have expressed the following concerns and objectives: . They would like to have protection against events that could result in the business being unable to run, or that cause delays in production and potential damage to their reputation. They are concerned about theft as they have some high-end computers and printers that could be stolen and sold. They want to ensure that if anything happened to any of their employees, Aaron and Jacinta would be appropriately covered. They would like to ensure they are covered in the event of injury to anyone visiting their business, including their clients, delivery people or maintenance providers. . They want to be able to repair or rebuild the factory in the event of any natural disasters or fire, without having to use their own savings or take out a loan