Businesses Insurance Pack

Business owners can benefit from taking out an affordable and comprehensive business insurance pack to help protect them against the main risks involved in running a business.

Did you know?

$33B

The cost of natural disasters to Australian business, government and communities is estimated to reach $33 billion by 2050.

(The Australian Business Roundtable, The Economic Cost of the Social Impact of Natural Disasters, 2016)

35%

According to Inside Small Business, only 16% of SMEs have a financial back-up plan in place, while 35% said they'd need to cut spending and limit their lifestyle if they were unable to work.

(Inside Small Business, 'Seven insurance issues small-business owners should consider in 2017',2017)

24%

Sole traders were the least likely of business to be insured, (24%), followed by small businesses operating from home (21.4%).

(ICA, Non-insurance in the Small to Medium Sized Enterprise Sector, 2015)

"Having the right insurance will help protect your business and minimise its exposure to risk. This may include insuring your business, you income and your commercial risk."

Department of Innovation, industry and science, 2018

What is business insurance?

A business takes years to build - but an accident or disaster could destroy it all in minutes. That's why businesses should help protect themselves with a quality business insurance pack.

With the right cover in place, owners can run their business with confidence, knowing that their premises, stock, equipment and reputation are protected by insurance.

What can it cover?

Business insurance packs can offer general protection for a business, which may include cover against.

Property damage

Repair or replacement of property damaged.

Business interruption

Loss of trading profit following insured damage to property and additional costs and expenses incurred during a claim.

General property

To Cover your tools of trade, including laptops and tools that you use for your profession or trade.

Theft

Repair or replacement of property stolen.

Money

Loss of money.

Tax audit

To cover the costs of being audited by ATO.

Public or Product liability

Your liability to pay compensation for personal injury and property damages as well as the costs involved in defending a claim triggered by the policy.

Glass

For replacing glass inside or outside your premises, including your shopfront windows, mirrors or display cases.

Employee dishonesty

Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.

Transit

For stock that is in transit on the road, in the air or by sea.

Electronic equipment breakdown

For repairing or replacing electronic equipment that breaks down.

Machinery breakdown

Cover for costs associated with machinery breakdown.