Two covers (often packaged together), that are essential to any business. Provides cover to you and your business against the financial risk of being found liable to a third party for death/injury, or property loss/damage, resulting from your negligence, and in connection with your business. Public liability is your protection against any claim lodged by a third party and covers expenses, costs and damages awarded to the third party. Products liability covers your liability for any product that you manufacture, sell, supply or distribute that results in injury, death or damage.
Securing your business infrastructure is critical. Property Insurance covers damage to the insured property itself; and damage to, or theft of the property at your insured premises. Includes cover against all sorts of ‘extraneous perils’ such as storm, hail, fire and earthquake.
General Property/Mobile, Plant And Equipment
Covering mobile and portable items that can easily be damaged or lost outside the workplace.
Ranging from laptops, specialist tools and equipment to excavators and cranes.
Professional Indemnity Insurance (PI)
A legal claim against your business can incur significant costs, and long-term reputational damage to your brand. Professional Indemnity Insurance covers you for costs incurred as a result of investigations, legal defence and settlements against your business arising from claims made by a third party of professional negligence, and/or errors or omissions. This insurance is essential for businesses that provide professional advice.
Business Interruption Insurance
If your business operations are interrupted, it could put significant financial strain on your business. Business Interruption Insurance covers the loss of business income due to interruption and is vital to ensure your business is able to continue to meet its ongoing costs and generate income despite having its operations interrupted.
Company directors invariably make a wide range of decisions that can render them personally liable to claims by all sorts of governing bodies such as ASIC, the ATO, Worksafe, Trade Practices Act and the like. Management Liability Insurance covers your business/entity and its Directors & Officers for action taken against them in relation to the responsibility of managing the business and complying with all relevant legislation. It also covers exposures such as theft by employees, fines and penalties from governing bodies and OH&S legislation. Without Management Liability Insurance, Directors & Officers may be personally liable and financially exposed.
Marine Insurance has two components:
- Insurance of watercraft: covers your watercraft as an asset.
- Goods in transit: If you transport goods from warehouse to warehouse, within Australia or as imports/exports internationally, this covers your goods while they are in transit via road, rail, air or sea.
Trade Credit Insurance
Trade Credit Insurance covers your business against losses incurred through creditor insolvency or non-payment of debt.