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Business Insurance

A Business Package provides a wide range of insurance protection, covering your business assets and associated public liability.

 

As each business has different risk exposures, this policy allows you to choose the covers you require to suit your needs.

 

Below are common covers available in a Business Insurance Package:

 

Fire & Perils (Material Damage or Property Cover)

Offering protection to your business premises for damage to buildings, contents & stock against perils such as fire, earthquake, lightning, storms, impact and malicious damage. This would generally include accidental damage cover & removal of debris. Flood cover may be included, but usually as an optional cover.

 

Business Interruption (Loss of Profits)

Business Interruption insurance covers you for loss of income, when you cannot conduct business as usual after an insured event. The cover is designed to put your business back in the same financial position it was prior to the loss. Whilst your business is rebuilding it will cover ongoing expenses like payroll and other fixed costs, also additional increased costs to assist in getting your business up and running as quickly as possible.

 

Public and Products Liability

This cover is designed to protect your business from the costs associated with any legal action due to your actual or alleged negligence.

Public Liability - protect you for claims by Third Parties (not employees) for personal injury or property damage arising out of a negligent act whilst undertaking your business activities

Products Liability - if you sell or supply products you may be held responsible for injury or damage those products cause. Note: if you are importing you are deemed the manufacturer.

 

Theft

Protection for your stock and contents following theft by a forcible and/or violent entry. This cover can include theft without forcible & violent entry, theft in Open Air, damage to premises and replacement of locks & keys.

 

Money

If your business handles money, you may wish to cover for loss. You can select cover for money in transit, money in your work safe and money your personal custody.

 

Glass

Cover for accidental breakage of internal glass (bathroom), external glass (doors & windows) and signs. Includes cover for sign writing, temporary boarding or replacing damaged window frames.

 

Employee Dishonesty

This covers against the loss of property insured (including money) as a result of fraudulent behaviour or conduct of your employees. Cover can include Claims preparation fees.

 

Machinery Breakdown

Provides cover against unforeseen and sudden physical loss or damage to the machinery caused by breakdown, or damage to boilers and pressure equipment caused by explosion and collapse. Added benefits include cover for deterioration of refrigerated or frozen goods and additional cost of hiring temporary machinery

 

Electronic Equipment

Cover for fire, theft, accidental damage & breakdown of your electronic equipment. Items can include mobile phones, tablets, computers, digital cameras and more.

 

General Property

This cover is designed primarily for property that is moved around and it particularly important for contractors or businesses that carry tools & other equipment between sites. There are 2 types of cover. The standard cover being Defined Events which includes events such as fire, damage due to overturning vehicle or theft by forcible or violent entry. An Accident Damage policy includes the standard covers, plus Accident Damage cover.

 

Tax Audit

Provides cover for a random tax investigation from the ATO. It covers costs up to the sum insured to comply with the tax audit, such as accountants, lawyers, bookkeeper’s fees or other expenses incurred during the audit.