Grow

with the right protection your business deserves

Start

with the right protection of your assets

You plan the best in your business. Our job is to prepare for the unexpected.

What is Business Insurance?

A business takes years to build – but an accident or disaster could destroy it all in minutes. That’s why businesses should help protect themselves with a quality business insurance pack.

With the right cover in place, owners can run their business with confidence, knowing that their premises, stock equipment and reputation are protected by insurance.

Who should consider it?

Business owners can benefit from taking out an affordable and comprehensive business insurance pack to help protect them against the main risks involved in running a business.

”Having the right insurance will help protect your business and minimise its exposure to risk. This may include insuring your business, your income and your commercial risk.
(Department of innovation, industry and science, 2018)

33

The cost of natural disaster to Australian businesses government and communities is estimated to reach 33 Billion by 2050.(Department of innovation, industry and science, 2018)

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According to Inside Small Business only 16% of sme’s have a financial back up plan in place, while 35% said they’d need to cut spending and limit their lifestyle if they were unable to work. (Inside small business publication 2018)

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Sole traders were the least likely of businesses to be insured (24% ) followed by the small businesses operating from home (21.4%) (Inside small business publication 2018 )

What Can it Cover?

Type of Cover

Potential Benefits

Property Damage

Repair or replacement of property damage

Business Interruption

Loss of trading profit following insured damage to property and additional costs and expenses incurred during a claim

Theft

Repair or replacement of property stolen

Money

Loss of money

Public or Product Liability

Your liability to pay compensation for personal injury and property damage as well as the costs involved in defending a claim triggered by the policy

Glass

For replacing glass inside or outside your premises including your shop front windows, mirrors or display cases

Transit

For stock that is in transit on the road, in the air or by sea

Electronic equipment breakdown

For repairing or replacing electronic equipment that breaks down

General Property

To cover your tools of trade, including laptops and tolls that you use for your profession or trade

Tax Audit

To cover the cost of being audited by the ATO

Employee Dishonesty

Direct Financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is the first discovered during the period of insurance

What Usually Isn't Covered?

Exclusions, and the excess you need to pay and limits of liability can vary greatly depending on your insurer and the requirements of your business.

A product disclosure statement (PDS) is available from us. You should consider the PDS in deciding whether to acquire or continue to hold, business insurance.

Important note: This information is provided to assist you in understanding the terms, implications and common considerations with this type of insurance. It does not constitute advice, and is not complete, so please discuss the full details with us.