Business Package insurance is designed to cover your physical business locations, such as offices, warehouses and factories and there are a number of optional sections you can select. Sections of cover include Property damage, Business interruption/loss of income, Theft, Money, Glass, Public and Products Liability, Transit, Electronic equipment breakdown, Machinery breakdown and General property. We will analyse your objectives, needs, financial situation, and risk profile to develop appropriate strategies and solutions for your business.
Liability Insurance is a general term that covers multiple types of insurance cover that help people and businesses protect themselves from potentially large legal defence costs and any damages awarded by a court. Every business should have Liability Insurance, which has two main cover sections:
While this policy covers the homeowner rather than the builder, this can be the most important policy that a builder has. Without a suitable eligibility limit, this can stop your business in its tracks. We work with builders in all states of Australia for their builders warranty requirements having an intimate knowledge of the underwriting criteria. We can talk you and your accountant through what is required and how you can achieve the higher limits you are seeking.
Contracts Works Insurance has two key sections: the first provides cover for physical loss or damage to the works, and the second covers personal injury or damage to a third party's property. It can also cover tools and equipment owned by the business on and off-site.
Contract Works Insurance can easily be customised to each contractor’s individual needs – from civil, commercial, new building or refurbishment to individual trades such as electrical, plumbing or formwork.
If you or your business provide professional advice or services, then you’re likely to need Professional Indemnity (PI) Insurance.
This insurance provides and pays your legal defence costs in the event that a customer complains that they followed negligent advice and suffered a financial loss – even if there’s no real basis for the complaint. If there was negligence, PI Insurance will also pay any damages awarded by the court.
Management Liability insurance covers directors, officers and senior managers against actual or alleged acts, errors or omissions arising out of the operation or management of the company. The cover is for personal legal defence costs, as well as paying for any damages awarded for a breach of work-related duties and responsibilities. The policy will also reimburse the company for any legal costs advanced to the director or officer. Examples of claims include, wrongful dismissal of an employee, email-related misconduct, breach of contract, OH&S breaches, workcover investigations.
Cyber Insurance covers the physical loss or damage to information, IT systems and networks. It can also cover loss of profits to be business, caused by the introduction of malware, extortion, or hacking, as well as management of the incident itself. Most businesses rely on technology to some extent, which means they’re exposed to increasingly sophisticated cybercriminals. According to the ACSC, an average of 164 cybercrime reports are made by Australians every day – that's about one report every 10 minutes.
Transit insurance covers goods during transportation, protecting against loss or damage from various risks like accidents, theft, or natural disasters. It protects shipments while in transit between locations, offering financial reimbursement for any incurred losses. Methods of transportation include road, rail, air, and sea. This insurance is essential for businesses involved in shipping and logistics to mitigate potential financial risks associated with transportation.
Plant and Equipment Insurance is specifically designed to cover registered and unregistered mobile plants, as well as equipment taken to job sites.
There are two main sections of cover: the first is insurance for accidental damage to the item and theft, or you can choose Public Liability which provides cover if you injure someone or damage their property while working or operating the plant. There are also optional covers available at extra cost – such as goods on hook, reimbursement of rental costs for a temporary hire, road risk, and extended cover for wet or dry hire.
The main categories of Motor Insurances are Private Car, Motorcycle, Commercial Motor and Motor Fleet Insurances. You can cover your vehicles for Comprehensive Cover which provides protection to you own vehicle as well as damage caused to other people’s property or Third-Party Property Damage only. Depending on the type of vehicle, use of vehicle and level of protection you require, we can find the right cover for your vehicle and offer benefits to enhance your cover such as Hire Vehicle after accident and also discuss excess and premium saving options.
Corporate travel insurance provides coverage for directors and employees traveling domestically or internationally for work-related purposes. It includes benefits such as medical expenses, trip cancellation or interruption, emergency evacuation, and baggage loss or delay. This insurance provides protection against unforeseen events such as accidents, illnesses, natural disasters, or travel disruptions, minimizing financial risks for both the employer and the employee. These policies can also extend to include personal travel for directors.
