BUSINESS PACKAGE OPTIONS

Property

This covers damage to buildings, contents and stock caused by fire, perils and accidental damage.

Business Interruption

The interruption to trading following a fire or other insured event can often have more serious financial implications for your business than the actual damage itself. Business interruption covers the shortfall in your gross profit caused by the interruption to your business after an insured loss.

Theft and Money

This covers theft of business contents or stock, or theft of money.

Glass

This covers breakage of internal and external glass and signs

Liability

This covers your legal liability to pay compensation for personal injury or property damage.

Employee Dishonesty

This covers fraud or dishonesty by your employees.

Machinery Breakdown

This covers damage to machinery caused by breakdown or damage to boilers and pressure equipment caused by explosion and collapse. Refrigerated or frozen goods can also be covered against deterioration. It includes:

Computers and electronic equipment

This covers fire, theft, accidental damage, breakdown and business interruption cover for computers and electronic equipment.

General Property

This cover is primarily designed for property (excluding stock) which is moved around, such as tools or professional equipment. Variations to cover include:

Worldwide
Theft in open air
Theft without forcible entry
Accidental damage due to collision or overturning

Tax Investigation

This covers costs incurred by your accountant or registered tax agent (after receiving notification from the Australian Tax Office) in conducting an audit or investigation in relation to your liability to pay tax.

Property Insurance

Covers damage or loss to assets such as buildings, contents, fixture and fittings, computer equipment, stock and machinery at the premises from certain sudden, unexpected or unforeseen occurrences.

Business Interruption Insurance

Public & Products Liability Insurance

Importance of Liability Insurance

Business owners have a responsibility to third parties - customers, suppliers, the community and property belonging to third parties.

Being held accountable for incidents that impact others can negatively impact your company reputation and finances if not managed effectively.

Public Liability

Covers your company for legal costs and compensation costs you must pay if found liable due to death, injury, loss of or damage to property, or economic loss due to negligence in connection with your business.

Products Liability

Compensation for personal injury and or property damage caused by products sold or supplied by your company if you are legally liable. It is designed to help protect your company by ensuring you don't have to pay any legal or court costs.

Public and Products liability is often combined in one policy commonly known as broadform or general liability.