Public & Products Liability
Broadform liability or public & products liability is an essential insurance policy for anyone trading in Australia. Liability cover is integral for protecting you and your business from compensation you may be forced to pay or claims which may arise as a result of negligence causing an accident.
Public & products liability claims may include third party injury/medical expenses, legal and defence expenses as well as property damage.
Building & Contents
Business Property insurance protects your business assets against certain defined events such as fire, storm, accidental & malicious damage, earthquake and explosion.
Assets covered under this policy include building, contents, stock and customers goods.
Computers & Electronic Equipment
Having insurance to replace equipment, cover IT repair costs and get your business trading again is essential especially as the majority of business owners transition to digital filing and record keeping.
Electronic equipment insurance is designed to cover computers, printers, desktop phones, and other electronic equipment against accidental damage, fire, theft and breakdown.
In an emergency event repair and replacement costs can be an unexpected and expensive measure to rectify for any size business
Business Interruption Insurance is designed to protect your business income after an insured loss. The interruption to trading resulting from a fire or other insured event often has more serious financial consequences to your business than the original event itself.
Loss of connection to utilities, third party suppliers being cut off during a natural disaster, total loss due to fire, how would your business survive these interruptions?
Rent, payroll, other financial obligations and unseen costs are taken care of allowing the business to recover and return to normal operation.
Theft insurance is designed to cover burglary caused by forced or violent entry at your trading location. Goods covered under this section include contents, stock and customer’s goods which may be stored or awaiting work at your location.
Security measures insurers like to see include:
- Deadlocks on all entry/exit doors
- Window bars or locks
- Alarm system (preferably back to base/security company)
- Security cameras and exterior lighting
- Security company patrols
- Bollards to prevent ram raid attacks
General Property insurance is intended to insure portable items such as laptops, engineering equipment, mobile phones, GPS units, tablets, digital cameras, traffic management signage or almost any other asset which you carry on your person or are operating on site.
General property insurance provides protection for these assets against accidental loss, collision or fire.
Machinery breakdown insurance is vital for insuring against the cost of repairs or replacement for electrical, electronic or mechanical machinery which has broken down.
Often overlooked but equally important are the consequential losses from deterioration of stock and profits while you await replacement or repair.
Examples of insurable machinery include:
- Fridges and freezers
- Air Conditioning systems
- Manufacturing equipment
- Printing equipment