Business Package

 

Build your own Insurance Policy.

 

Property

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

 

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. It includes:

 

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.

 

 

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 have to 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.

 

 

Contract Works

 

The construction industry has always had its highs and lows, Financial institutions are reluctant to fund projects, and there is increased pressure on liability, it is imperative to have a cover designed specifically for your individual needs.

 

Contract Works Insurance provides cover against risks associated with civil, commercial and residential construction projects. They are designed to assist builders and contractors in meeting their contractual obligations.

Some covers we offer

 

• Annual Contract Works
• Single Project
• Professional Indemnity
• Advanced Loss of Profits or Delayed Start-Up Insurance

 

We tailor policies to fit your unique situations that may arise. We provide personalised service and value, saving you precious time, money and stress.

 

 

Business Interruption

 

Business Interruption is a key reason of underinsurance in Australia. If your business was damaged is fire, how long would it take you to become profitable again?  Would material damage insurance be enough to get you back on your feet?  If you had close your business down, could you pay your debts and staff entitlements?

 

Profits: Restore profits you would have earned without interruption to your operations

 

Employees: Payment of staff salaries and redundancy payments if employees are laid off

 

Debts and Expenses: Services your debt and meets payment of fixed expenses

 

Production: Increased operation expenses to maintain production

 

 

Motor Vehicle

 

Protection for single owner-driver or fleet, we understand it is important to get you back on the road quickly. Our policies are tailored ensuring no details are left to chance.

 

• Comprehensive
• Third party protection
• Third Party Fire and Theft

 

We find the most suitable cover at an affordable price. We provide risk management services for fleets so you and your employees have a proactive approach to driver safety.

 

 

Cyber Theft Insurance

 

Exposures arising out of Internet Communications. Cyber criminals target information that can be quickly turned into cash with little effort. For example,

 

• Personal identifiable information
• Government ID numbers
• Medical records
• Payment card data
• Email address databases
• Customer web sites
• Client records

 

The concept of Cyber Liability takes into account first and third party risks. This includes privacy issues, the infringement of intellectual property, virus transmission, or any other serious trouble that may be passed from first to third parties via the Web.

 

 

Cyber Protection

 

Any business can experience a cyber attack leaving your clients’ business exposed to costly expenses. An incident can be as simple and innocent as attaching the wrong file to an email or using an image on a website which has been copyrighted by another entity, to more complicated situations such as a hacker attack and loss of customer information.

 

Options include:

 

• Privacy Breach
• System Damage
• Computer Virus & Hacking
• Computer Crime
• Multimedia Liability
• Breach of Statutory Duties
• Extortion
• Brand Protection
• Privacy Fines & Investigations
• Reward Cover
• Privacy Breach Notification & Loss Mitigation

 

 

Medical Malpractice

 

Nurses, doctors, physicians, chiropractors, and other medical professionals require a tailor solution to suit their professional practice, protecting their financial assets and professional future.

 

• Nursing
• Doctors and Surgeons
• Cosmetic Surgeons
• Day Clinics
• Hospitals
• Beauty Salons

 

Medical professionals are exposed to expensive litigation costs, regardless of whether any negligence occurred.

Protection is provided for:

 

Costs associated with court cases and statutory and regulatory inquiries.

 

Claims of bodily injury caused by a medical act or omission.

 

 

Property Insurance

 

This covers damage to buildings, contents and stock caused by fire, perils and accidental damage. It includes: contents, fixture and fittings, computer equipment, stock and machinery at the premises from certain sudden, unexpected or unforeseen occurrences.

 

 

Environmental Liability

 

Public awareness of environmental issues has resulted in Federal, State and local governments putting legislation in place which liability can flow to corporations and individuals owning property.

 

Environmental Liability Insurance protects property and associated business activities that have impacted negatively on the natural environment.

 

Some of the benefits of our cover includes:

 

Sudden or gradual pollution

 

We work with you specifically to address your unique needs and challenges. From environmental impairment to remediation and environmental cleanup.

 

Key industries

Manufacturing

Recycling

Chemical manufacturing

Agricultural

Food processing

 

 

Marine Industry Liability

 

We have a full range of marine industry products, which allow you the flexibility to select cover options that are best, suited to your occupation, and most importantly your budget.

 

Whether you’re a ship repairer, marina operator, boat broker, marine contractors, boat builder, or charterer we understand you need for innovate liability and property protection.

 

We also offer

 

• Commercial Hull
• Professional Indemnity
• Management Liability
• Trade Debtors Insurance

 

 

Marine Hull

 

Pleasure craft insurance is there to protect you in the event of an incident.

 

Accidental loss or damage including theft and third party liability cover for your yacht, motor cruiser, jet ski or run about. The policy can also be tailored to include racing and water skiing upon request.

 

We will manage your claim for you and arrange a prompt settlement at no additional cost.

 

 

Management Liability Insurance

 

Protects you and the company against the risks and exposures resulting from the running of the company. for example, your liability for mismanagement.

 

Provides protection for the individual when the company cannot reimburse the individual. This means the individual will not be personally out of pocket, funding legal costs, when they are sued in their capacity as an employee, director or officer of the company.

 

Employment Practice Liability Protection for the individuals and the company for claims involving employee disputes. With the ongoing changes to workplace legislation, it is often confusing for employers to stay on top of their duties and obligations. Employees are more aware than ever of their rights and will not hesitate to make a complaint if they feel they have been unfairly treated. Consider also that a potential employee (someone that you decided not to hire) could bring an action against you for discrimination.

 

Superannuation Trustees This is relevant for companies who have company sponsored staff superannuation funds in the event that a breach by the trustee occurs.

 

Fidelity Guarantee Provides protection for the company against loss of money or money equivalents due to any dishonesty or fraudulent act or omission of employees.

 

Company Reimbursement Provides reimbursement to the company in the event that an individual has been indemnified by the company.

 

Company Liability Provides protection for claims made against the entity.

 

Fines & Penalties Provides for individuals in the event they are ordered to pay monetary sums to a regulatory authority.

 

Management Liability is often a combination of some or all of the above covers.

 

 

Credit Insurance

 

If you're a business that sells goods and services on credit terms, a substantial percentage of your working capital is probably tied up waiting for your customers to pay their account (accounts receivable).

 

In the event the account is not paid and ends up as a bad debt it is much more than simply a loss of money you were due to receive. The truth is you can never make up for the cost of a bad debt. The impact is immediate, it can put stress on cash flow and will affect your profitability.  For most businesses the value of the money owed to you (accounts receivable) is one of the largest assets and yet often uninsured.

 

This insurance policy can provide a range of benefits.

 

• Sales expansion If your bad debts (receivables) are insured you can safely sell more goods and services to existing or new customers that may have otherwise been too risky.

 

• Improving your financing terms In some instances banks and other lenders will lend more capital or provide better funding rates if your bad debts (receivables) are insured.

 

• Reduce your bad debt allocation Provides indemnity from customers non-payment, thus freeing up the companies cash.

 

 

Professional Indemnity Insurance

 

Why You Need Professional Indemnity Insurance

 

In business we all want to provide quality accurate advice but occasionally situations arise where we give incorrect advice to clients. As clients make decisions based on the advice or service provided by your company, if this advice is incorrect it may lead to a financial loss.  Your client will expect to be reimbursed for the loss they have incurred. In the event an allegation needs to be defended the associated legal costs are extremely expensive.

 

 

Stock & Property In Transit Insurance

 

Covers the loss of, or damage to, goods you buy, sell or use in your company when they are in transit by road, rail, air and sea within the defined geographical limits defined in the policy whether Worldwide or within Australia.

 

 

Industrial Special Risks (ISR)

 

Is designed to cover the widest range of accidental loss or damages faced by larger single or multi-location businesses.

 

ISR insurance is essential for any company that has high-value assets such as property, equipment or machinery. Cover is provided against all losses and damages except for exclusions listed in the policy. That means you are covered for almost any kind of disaster or catastrophe – from fire, storm or earthquake to theft of money.

 

We recognise there are unique exposures in every industry and develop specialised wordings to accommodate your business' particular risks.

 

 

Electronic & Machinery Insurance

 

Covers the breakdown of mechanical machinery including air conditioning, computers and electronic equipment, the cost of restoring computer records following a breakdown.

 

The increased cost of working (such as the hiring of alternative computers and hiring of additional staff) following the breakdown of computers.

 

The cost of replacing stock which is kept in freezers or refrigerated units, if the fridge or freezer breaks down.

 

 

Burglary & Theft Insurance

 

Theft insurance generally covers your company against loss or damage to stock and contents if someone forces their way onto your premises, or uses deception to get into the premises. It usually does not cover cash losses, which can be covered separately under a money policy.

 

 

Tax Audit Insurance

 

The professional fees incurred in connection with an audit or investigation of your business's financial or tax affairs by any authority to do so, for example, the Australian Taxation Office or Workers Compensation authority.