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Business Package Programs

Business Pack intends to provide a comprehensive all-in-one protection for a lot of areas of your business.

Business Packages try to provide a wide range of business insurance protection and lets you tailor the cover you need for your business.

Whether you are in the business or retail, Business Packages can be tailored to suit your business needs. This customisable business insurance provides a range of different insurance types all under one policy – making it easy to insure your business with ease.

Key features

Property

This covers damage to buildings, contents and stock caused by fire, perils and accidental damage. It includes Removal of debris.

Business Interruption

The interruption to trading following a fire or other insured event can often have more serious financial implications for your business than the actual damage itself. Business interruption covers the shortfall in your gross profit caused by the interruption to your business after an insured loss. It includes:

  • Cover following a loss under fire, money, burglary, glass and general property sections
  • Australian-based customers and suppliers – up to 20% of gross income sum insurer
  • Accountant fees – up to a sub-limit.

Burglary and money

This covers theft of business contents or stock, or theft of money.

Theft usually includes:

  • Seasonal increase of 50% above your sum insured for 60 days before Christmas and 30 days before Good Friday or the seasonal periods unique to your business.
  • Theft without forcible and violent entry

Money includes:

  • Seasonal increase as for Theft, with a 50% increase on Bank and Public Holidays and other increases as nominated
  • Cover for theft by an employee

Under both Theft and Money:

  • Cover for damage to premises, damage to safe, and replacement of locks and keys

Glass

This covers breakage of internal and external glass and signs. Includes:

Cover for sign writing, replacing burglar alarm tapes, temporary boarding or replacing damaged window frames.

Liability

This covers your legal liability to pay compensation for personal injury or property damage. It includes:

  • Cover for damage or loss of goods in your care, custody and control (most occupations)
  • Social clubs, canteens and sporting clubs that are part of your business

Employee dishonesty

This covers fraud or dishonesty by your employees. It includes:

  • Cover for Claims preparation fees
  • Superannuation funds, welfare, social and sporting clubs that are part of your business

Machinery breakdown

This covers damage to machinery caused by breakdown or damage to boilers and pressure equipment caused by explosion and collapse. Refrigerated or frozen goods can also be covered against deterioration.

Electronic equipment

This covers fire, theft, accidental damage, breakdown and business interruption cover for computers and electronic equipment.

General property

This cover is primarily designed for property (excluding stock) which is moved around, such as tools or professional equipment.

Tax investigation

This covers costs incurred by your accountant or registered tax agent (after receiving notification from the Australian Tax Office) in conducting an audit or investigation in relation to your liability to pay tax. It includes:

All necessary costs up to the sum insured to comply with a tax audit