Business Package Insurance
As the name suggests, this policy is made up of numerous types of cover which are conveniently "packaged" under the one policy. An example of the types of cover included in a Business Package Policy are:
- Fire and Perils
- Accidental Damage
- Business Interruption
- Burglary Money
- Public and Products Liability
- Machinery & Electronic Equipment Breakdown
- Marine Transit (Optional)
Business Interruption Insurance
Business Interruption Insurance covers you for financial loss due to interruption of your business as a result of destruction or damage by an insured peril/risk. For example, if your business is damaged by fire (partially or completely), this cover can help protect against the Loss of Gross Profit your business would normally achieve and can also assist in providing additional funds (Additional Increased Costs of Working) to help minimise the interruption to your usual business activities.
Construction Risks Insurance
Also known as Construction Risk or Construction Liability Insurance. Covers loss, destruction of or damage to contract works and all materials ascribed to the contract whilst in transit and on or adjacent to "the site". (Cover applies both during the construction and maintenance periods and is tailored to reflect the particular risks mentioned/applicable to specific contracts). Also can cover: Legal liability for injury to any person(s) and/or damage to any property of third parties arising out of the construction/maintenance operations. Tools cover is optional.
Corporate Travel Insurance
Also known as Construction Risk or Construction Liability Insurance. Covers loss, destruction of or damage to contract works and all materials ascribed to the contract whilst in transit and on or adjacent to "the site". (Cover applies both during the construction and maintenance periods and is tailored to reflect the particular risks mentioned/applicable to specific contracts). Also can cover: Legal liability for injury to any person(s) and/or damage to any property of third parties arising out of the construction/maintenance operations. Tools cover is optional.
Directors' & Officers' Liability Insurance
Directors & Officers Liability / Company Reimbursement Insurance. Covers Directors' and/or Officers' for their legal liability for wrongful acts committed whilst acting in their capacity as a Director/Officer. Company reimbursement will reimburse the Company for payments it is legally entitled or obliged to make in indemnifying Directors' or Officers' for claims made against them whilst acting in their capacity as Directors' or Officers'. It will not reimburse the Company for claims made against the Company.
Cyber Risk
Cyber Risk Insurance is designed to protect businesses of all kinds against a wide range of first party and third party liability cyber exposures. Cyber attacks on small businesses are rapidly increasing with many company's private and confidential information commonly being stolen. All companies who have a web presence or a dependency on technology have an exposure to cyber attacks and could potentially suffer significant loss even after only a minor attack or disruption. Cover is available for costs associated with Business Interruption, misuse/loss of funds, ransom payments for hijacked data, costs associated with notification to your customers if their data is at risk, crisis expenses, content liability and defence costs.
Management Liability Insurance
Management Liability protects your business, directors and related entities against exposure to the legal consequences of innocent breaches arising from daily activities. Key areas of this cover include OH&S investigations, Employment Practices, Statutory Liability (in some instances, can include fines and penalties), Employee theft and third party crime, ATO investigations and enquiries, and Personal asset protection.
Medical Malpractice Insurance
Medical Malpractice Insurance provides protection for professional health care providers, doctors, students and clinics against liability that may arise out of their or the organisation's acts, errors and omissions in the provision of healthcare services. Medical Indemnity (Malpractice) is a requirement of registration in Australia.
Strata - Residential & Commercial
Residential Strata insurance (also known as body corporate cover in some states) is general insurance that covers common property under the management of a strata title or body corporate entity. Owners of strata titles typically share the premium costs of strata insurance as part of their strata fees and liabilities.
Commercial Strata insurance covers the building, common property and common contents for commercial strata title properties. Insurers will consider each tenancy within the building and the risks associated with the occupation of the tenant which could lead to a potential claim. We deal with a number of insurers who specialise in risks which are harder to insure due to the high level of risk imposed by one or more of the tenancies.
Holding strata insurance is mandatory under each state's relevant strata legislation.
Marine Transit Insurance
Property, especially stock, does not necessarily remain exclusively at an Insured's premises. You may deliver your stock to customers, suppliers may deliver goods to you from anywhere in the country. International Transits may also be involved. You may also transport your own equipment between locations. Marine Transit or Goods in Transit insurance provides cover for inland transit by road or rail and often extends to include inland and coastal waters. Cover may be arranged by the owner or by the Transport Operator to protect them against their liabilities under the transport/carriers contract. International transit by sea or air is insured under a Marine Cargo policy.
Pleasurecraft (Boat) Insurance
This insurance policy provides coverage for individuals who own and operate a boat or personal watercraft. Boat owners insurance provides cover of physical damage to the boat, its motor, and trailer, as well as liability cover for injuries caused by individuals operating the boat. This type of insurance may be purchased for sailboats, houseboats, and jet skis, as well as other watercraft up to a certain size and value. The Liability cover can also be extended to include waterskiing and other activities where people are towed behind the vessel.
Public & Products Liability Insurance
Insurance covering the Business or Personal Liability an Insured may have to others as a result of being negligent. In Australia, this type of Personal Liability insurance is most readily available as an automatic inclusion in a Home and/or Contents insurance contract.
Similarly, a business or property owner will require Public Liability Insurance and in some case Product Liability Insurance. In broad terms, a Product Liability policy is there to provide indemnity to the insured for claims arising in respect of a claim involving the Nature, Condition or Quality of goods manufactured, sold or supplied by the insured, but it is not a goods warranty polic
Marine Hull Insurance
Larger Ships or "Hulls", are insured under specialist marine insurance policies. Cover can be arranged for Marine Hull & Liability and in some cases a Specialist Liability with a Club Protection & Indemnity Insurer. As Brokers, we have access to an extensive range of policies providing cover for sea-going vessels of all types and uses.
Landlords Insurance
Landlord insurance provides cover for your investment Building (other than Units) & Contents including Accidental Damage not caused by your Tenants. Cover is also provided for tenant-related losses such as Loss of Rent due to an insured event, Loss of Rent due to a tenant default, breaking their lease or being legally evicted as well as malicious damage caused by tenants and/or their visitors.
Motor Vehicle Insurance incl Fixed & Mobile Plant
We have access to specially tailored Private Motor Vehicle Policies that provide cover for your vehicle as well as damage to other property. Our policies are backed by an efficient and effective claims management process that will see you back on the road as soon as possible.
Fixed & Mobile Plant used mainly in the construction industry require a specific style of cover and we have access to a number if suitable markets with insurers who specialise in this area of insurance.
Professional Indemnity (PI) Insurance
This is in basic terms an insurance covering legal liability to others due to an allegation of professional negligence. PI, also known as errors & omissions in some places, is a form of liability insurance that helps protect those who provide professional advice, and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defence costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not allowable under the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice, and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
Rural Farm Insurance
As the name suggests, this policy is made up of numerous types of cover which are conveniently "packaged" under the one policy. An example of the types of cover included in a Rural / Farm Policy are:
- Domestic Buildings and Contents
- Farm Property
- Farm Machinery (limited cover) and Working Dogs
- Theft
- Business Liability
- Farm Motor Comprehensive
- Business Interruption
- Personal Income
- Machinery Breakdown
- Marine Transit
- and many more
- Travel Insurance
Trade Credit Insurance
Trade Credit Insurance is designed to provide protection for a business against losses incurred due to the failure of Debtors paying outstanding funds. Such a loss is potentially disastrous to any business. Trade Credit Insurance allows your business the flexibility to expand and grow without needing to constantly worry about cash flow in the event a customer fails to pay what is owed.
Office Packages
As the name suggests, this policy is made up of numerous types of cover which are conveniently "packaged" under the one policy. An example of the types of cover included in an Office Package Policy are:
- Property - Fire & Perils
- Business Interruption
- Crime incl Theft
- Public and Products Liability
- Machinery & Electronic Equipment Breakdown
- Employee Dishonesty
- Tax Audit
- and many more
Industrial Special Risks Insurance
Industrial Special Risk (ISR) is a generic name given to an inherently broad commercial insurance wording mainly used for businesses with larger asset values usually over $5,000,000. The basic ISR policy wording is generally altered to be risk specific by the adding of endorsements which alter the scope of the cover. In excess of 200 wording endorsements are available for some versions of an ISR policy.
Tradies Insurance
Wa Business Insurance know that as a tradesman your business is you and your tools. You take them with you from site to site and without them you can't operate so you need to protect them. In addition to this you need to insure yourself and your staff against all the risks of on-site work. We understand the risks that are involved with all types of trades and have experience in delivering insurance to meet these demands.
Trade insurance gives the likes of plumbers, carpenters and electricians peace of mind that they have comprehensive insurance for potential issues that can arise in a workplace, such as the breakdown or theft of essential machinery. It can also cover them for other employee compensation and income protection if required.
Trade insurance is designed to provide trade related insurance protection and peace of mind against a range of risks and delivers financial protection against insured events including:
- Property damage
- Theft
- Public Liability
- Australia wide protection for tools of trade
Having specialised in this class of insurance for many years, our portfolio has grown to the point that we have successfully negotiated exclusive rates and terms for our clients. This means real savings for you. Our vast experience with Trades Insurance means that we are well positioned to advise you on the kinds of cover that best suit your needs.
