Businesses are exposed to a range of risks every day. It’s important to understand your business and where the risks are so you can plan to minimise them. The best way to reduce your risks is to work with a skilled insurance broker to identified the most suitable insurance covers and to refine your processes and procedures.
Business Insurance packs are bundled covers that allow you to add and remove the various covers specific to your business within the one policy and insurer. Giving you comprehensive cover whilst keeping it simple.
Business Insurance covers can include:
PUBLIC & PRODUCTS LIABILITY
Public Liability overs you and your business financially from the legal liability to a third party for death, injury, loss or damage of property, or economic loss resulting from your negligence. Products Liability covers you and your business financially from the legal liability to a third party for death, injury, loss or damage of property, or economic loss resulting from the failure of your product or products you are selling.
The number of cyber-attacks is growing at a significant rate within Australia. Ensure you keep the security of your I.T. platforms (machines, servers, websites, payment platforms etc) up to date to prevent access breaches from criminals, hackers and employees. Cyber Insurance covers against losses to your business, to third parties and business interruption to your business in the event that a key supplier of yours experiences a cyber-attack.
MARINE & CARGO
Marine cargo Insurance & Goods in Trade Insurance covers you against loss or damage to goods whilst in transit between points of origin and destination. It can include loading and unloading, air, sea, road, export/import, inland transit and consequential loss amongst other aspects.
The cost of machinery breaking down can bring a business to its knees quickly, especially if your business has machines that generate a significant proportion of your income, or keep your stock refrigerated. This insurance can cover the cost of the mechanical repairs and/or replacement of the equipment if repair is not deemed appropriate, the financial loss due to business interruption as well as cover the spoilage of stock due to motor breakdown.
INDUSTRIAL SPECIAL RISKS (ISR)
Provides an all-in-one cover for larger organisations with diverse operations. It has a broader cover with extensive limits and inclusions whilst being more flexible for the business to tailor the insurance to the businesses unique needs.