General Insurance

Industrial Special Risk (ISR) Insurance is a wide coverage business insurance policy that provides cover for a range of loss scenarios or damage done to high value physical assets including property, buildings, materials and machinery.

This insurance is suitable for businesses with a combination of more than $5,000,000 of physical assets.

Unlike property cover in standard business pack insurance, which is created based on selected inclusions, an industrial special risks policy covers key events, unless they are specifically excluded under its terms.

The standard ISR covers usually are:

• losses arising from natural disasters, fires, weather events
• theft, malicious and accidental damage
• business interruption due to physical damage, prevention of access or failure of public utilities
• removal of debris and more.

Any excluded risks can be added as extensions or as standalone policies.

• customs fees, excise and other duties
• temporary protection of the property in the interim prior to repair or replacement
• replacement of locks, alarms, keys and combinations if damaged or stolen
• removal of debris, reinforcement of damaged structures, interim repairs
• repair or replacement of staff valuables left on the premises
• costs of suppressing a fire and/or restocking fire protection equipment
• other related losses that are not specified under the policy.

Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster.

This risk is an exposure common to all businesses, regardless of type or size. Loss of critical functions caused by natural or man-made hazards such as terrorism, fires and explosions, earthquakes, windstorms, bomb threats, hazardous waste spills, workplace fatalities, and product tampering, among others, can impact your company’s market share, profits, growth rate, shareholder value, sales volumes, and corporate reputation.

We can support in additional strategies that can be employed beyond a traditional risk transfer methodology.

Transit Insurance covers your business for damage to insured property whilst in transit within Australia and overseas caused by certain defined events.  

Who should consider it?

Marine transit insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina and more.

Industries

Freight forwarders

• Importers and exporters
• Marina owners
• Mining companies

Primary producers

• Removalists
• Tourism operators
• Wholesalers

Worldwide – imports & exports

Covers damage to property whilst in transit anywhere within the territorial limits caused by a defined event.

Within Australia – goods

Covers your goods or other people’s goods being transported by you or professional carriers.

Goods in transit could include stock, items held for service or repair and customers goods.

This product is designed for mobile plant, covering accidental loss or damage and legal liability. This is a more extensive policy to cover expensive mobile equipment used in the running of your business. These items have substantial capital costs and any damages can be costly while taking a while to repair.

The policy will also cover loss of income resulting from the damage

• Construction (Concreting, Plumbing, Excavation, Piling, Earthmoving)
• Infrastructure (Roadwork, Tunnelling, Asphalt Paving)
• Mining 
• General (Crane Operators, Plant Hire, Waste Management).

Tailored package solution for small to medium sized business and covers damage to buildings, contents and stock caused by fire, perils and accidental damage.

We’ve had years of experience working with and offering solutions that benefit small and medium sized businesses, we understand that running a business is your core priority, without the additional concern to consider a wide variety of risks that can cost time and money, regardless of the industry you in. We specialise in finding the insurance solution fit for purpose.

Business Packages offer a choice of 14 covers – including Liability, Property, Business Interruption and more – in one flexible policy.

We can place cover for a wide range of industries including Construction, Real Estate, Professional Services, Transport and Warehousing, and Farm.

What can Business Packages cover?

• Public and Product liability
• Damage at the business location
• Damage to specified property
• Property in transit
• Business interruption
• Machinery or electronic equipment breakdown
• Theft or dishonesty by employees
• Theft of property or money
• Damage to glass
• Legal action by employees (Employment Practices)
• Legal action by government (Statutory Liability)
• Tax audit by government.

This policy is a comprehensive insurance cover for all businesses, with a turnover of up to $50M. It provides protection for the directors and management for most of the major breaches and risks that might occur in the day to day running of the business.

Key Elements of Cover

• Directors & Officers Liability
• Company Reimbursement
• Employment Practices Liability (EPL)
• Crime
• Tax Audit
• Statutory Liability
• Occupational Health and Safety Defence Costs
• Trustee Liability
• Whistle-blower Cover

 
Industries we support:

• Professional Services (incl. Accountants, Real Estate, Engineers, IT)
• Manufacturing
• Media (incl. Printing, Publishing, Entertainment)
• Medical
• Retail
• Services (incl. Community Services, Call Centres, Beauty Therapy)
• Tourism and Hospitality (incl. Cafes, Restaurants)
• Trade Services (metal, wood, electrical and automotive)

Cyber liability policy is designed to help protect from claims and support profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are generally covered. 

Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber-crime, cyber extortion/ransomware and business interruption due to a cyber event.

Workers Compensation Insurance is designed to cover the wages of your workers in the event of a work-related injury. It is also intended to cover the medical expenses, treatment and rehabilitation costs.

What’s covered

• Wages of your workers if they suffer a work-related injury or disease and they are unable to work.
• Medical expenses, treatment and rehabilitation costs.

Who does it cover?

• All your employees. This usually includes anyone receiving a wage or commission payment, including casuals and temporary employees, apprentices, trainees and some contractors. This may vary depending on the state or territory.
• Workers Compensation Insurance does not cover sole traders or a partner in a partnership. Alternate insurance arrangements must be made in this instance.

Packaged solution for commercial motor insurance covers accidental loss or damage, including Business Interruption (Loss of income) whilst the vehicle is not operational due to defined peril event.

What is Covered

This policy extends to include public liability and transit compensation for loss of or damage to goods and/or livestock, as well as a cover option for agreed amounts for accidental loss of or damage to goods and/or livestock.

How it works

Professional Indemnity is designed to protect businesses that give professional advice or provide services to clients.

If a client alleges a mistake made or caused by your company and as a result they have suffered injury or financial loss, Professional Indemnity covers the cost of your legal defence and damages you must pay.

What does it Cover? 

These policies are designed to cover negligent acts, errors and omissions, arising from a breach in professional services.

If you give advice or provide professional services, Professional Indemnity can help prevent a mistake from costing your business.

It can help businesses like accountants and bookkeepers, IT specialists, advertising agencies and management consultants.

Legal costs to defend yourself against any claim can be significant, and they can mean interruptions to your cash flow and disruption in your business.

Professional Indemnity can cover you for some unexpected costs like damages, claims investigations, public relations consultants and more.

Everyday business activities can result in accidents and omissions, causing injury, losses and damage.

Public Liability Insurance protects your business for any damages that arise during everyday business activities – whether to people or property.

What is it for?

Broadform liability insurance is designed to cover your business for loss or damages a third party suffers (or claims to have suffered) as a result of either an injury sustained at your premises or damages suffered during the normal course of work.