Business Insurance

Business Insurance

Business insurance provides cover for unexpected events that effect your business contents, stock and other assets.

Material Damage

Protect your property against accidental damage at the premises you have listed. This cover includes fire, storm, wind, rain, earthquake, malicious damage, resultant damage from burst pipes, power surge due to electrical storms, flood (generally excluded but please ask us about this cover).

Business Interruption

Covers you for financial loss resulting from the interruption of or interference with the business that is caused by a specified event that occurs during the period of insurance. Simply speaking this is Income Protection for your business.

Theft

Insure your property against theft or attempted theft at the situation.

Money

Provides cover for loss of money for specified losses including money in transit, money in your work safe or strongroom and money in your personal custody.

Glass

Covers against the accidental breakage of glass with automatic additional benefits such as damage to frames or breakage of illuminated/advertising signs.

General Property

Covers you for the cost of repairing or replacing the insured property that is accidentally damaged away from your premises. Items that you may wish to insure include smart phones, tablets, laptops, stock, tools of trade etc.

Machinery Breakdown

Covers damage to insured machinery caused by breakdown or Fusion, plus the optional benefit of deterioration of stock. Most clients will consider insuring their fridges, freezers, air conditioners basically anything with an electrical or mechanical motor may considered.

Electronic Equipment

Covering against the breakdown of electronic equipment specified in the schedule. Items may include POS Systems, computers or any items which are of electronic in nature.

Transit

Insuring against the damage to your stock or goods following as insured event such as fire, theft, collision & overturning of conveying vehicle.

Public & Products Liability

Cover your business for the cost of damages if your business is found responsible for personal injury to a third party or damage to their property. For example, if someone sues you after slipping over while in your shop or your Product fails & causes further property damage.
If you are found to be negligent the financial strain can be devastating, the cost of defending yourself could put you out of business which is why Legal costs are covered within Public Liability policies.

If you sell, repair, service, supply or deliver goods you may need cover for claims against you where goods have caused injury, death or damage. Product Liability insurance covers you if any of these events happen to another business or person by the failure of your product or the product you are selling.

Management Liability

Directors & Officers – Covers you or any of the directors and officers against a breach of duty, breach of trust, act, error or omission for a claim that is first made and reported to us during the period of insurance.

Employment Practices Liability – Covers you for a claim against you for a specific employment practices breach, such as discrimination, wrongful dismissal or sexual harassment.

Statutory Liability – Cover against government agencies imposing fines or penalties – e.g. breaches of OH&S

Crime – Covers you for any loss of property that belongs to you for which you are legally liable which has been unlawfully taken by an employee.

Tax Audit – Covering professional fees reasonably incurred in connection with an audit of the business.


Professional Indemnity

If you provide advice or service you may require Professional Indemnity insurance which will protect your business from legal costs and claims by third parties for damages arising from acts, errors or omissions through the course of conducting your business activities.

Some example of professions that require Professional Indemnity Insurance: Health Professions, IT Contractors, Management Consultants, Accountants, Real-Estate Agents, Project Managers, Architects, Town Planners, Property Valuers, Care/Disability Support Workers etc

Commercial Property Owners

Commercial Property Owners Insurance is a solution tailored for the unique cover requirements of commercial property landlords.

This type of insurance is designed to provide customised cover for property, loss of income, theft, money, loss of rent, rent default (typically excluded for commercial lease contracts under most insurance policies unless specifically covered), glass, machinery / electronic equipment breakdown, OH&S and legal costs.


Cyber Insurance

Cyber Insurance is designed to protect your business against liabilities and financial losses as a result of cyber attacks.  This often relates directly to data breaches and loss of personal sensitive information by hackers.  Cyber attacks are becoming increasingly more prevalent with data breaches affecting thousands of Australia businesses every year.


We have indicated above a number of risks that you may be exposed to.  We would emphasise that no list of risks can ever by exhaustive, please contact our office for a full review of your business.