Contact Webber Insurance if your business name, trading name or legal entity changes.

It is important to distinguish between a simple name change and a change of legal entity.

Trading-name changes and legal-entity changes #

If the underlying insured legal entity remains the same and only the business or trading name changes, the insurer may simply need to update the policy details.

Moving from a sole trader to a company, partnership to company, one company to another company, or an individual trustee to a corporate trustee is more significant than changing a business name. The new entity may represent a different insured risk and can require insurer approval.

A newly incorporated company or different trustee should not automatically be treated as insured under a policy issued to the previous entity.

What information may be required? #

We may ask for:

• New legal entity name
• ABN or ACN
• Trading name
• Effective date of the change
• Ownership details
• Business activities
• Confirmation of any changes to operations
• Claims information
• Other underwriting information

The insurer may also require a No Claims Declaration or a new application depending on the circumstances.

Where a trust operates through a trustee, the correct insured structure generally needs to identify the relevant trustee. For example, ABC Pty Ltd as trustee for the Smith Family Trust, rather than listing only the trust name.

The exact insured naming should reflect the legal structure and insurer requirements.

Contact us before the restructure takes effect so the insurer can consider the change.

Contact our team to update your insured name or business structure.