Areas of Cover
Home - Areas of Cover
Areas of Insurance we can assist you with
INSURANCE
Home & Contents
Home (or building) insurance covers you for the cost of repairing or rebuilding your home in the event of a sudden and unforeseen loss, such as damage from storm, wind, floods and fire. Contents insurance covers the cost of your household possessions if they are damaged or stolen. Homeowners can bundle their home and contents insurance under one policy which can offer cost savings. Renters can take out contents cover only, to safeguard their personal contents. Some people prefer to add on Accidental damage cover on top of the usual events cover like storm and fire and you can also specify certain valuable items.
INSURANCE
Landlords
Landlord insurance is a package of insurance cover that is specially designed to protect owners of tenanted properties. The package can be tailored by choosing the sections needed and the amount of cover. There are two main types of insurance for the contents, fixtures and fittings:
Accident Damage – which provides wide cover for accidental loss or damage to all contents of the property belonging to you, such as carpets, fixtures and even the interior paint. There are exclusions, such as intention damage or maintenance issues. Common property and the building structure are usually not covered for multi-tenanted properties. These risks are covered by a separate strata cover.
Defined Events – this type of cover is more limited, and the premium is generally lower.
It covers only events that are listed in the policy wording, such as fire, lightning, impact or malicious damage. Again, there are exclusions, such as intention damage or maintenance issues. Again, common property and the building structure are usually not covered for multi-tenanted properties. These risks are covered by a separate strata cover.
INSURANCE
Private Motor
Comprehensive Car Insurance covers your car, plus damage you cause to other people's cars or property
INSURANCE
Equipment
Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable equipment associated with your business.
INSURANCE
Pleasure Craft
Pleasure craft insurance is a type of boat insurance designed to protect private, non-commercial marine vessels from loss, damage, theft, and third-party liability. It covers a wide range of boats, such as yachts, motorboats, jet skis, and sail craft, and can provide coverage for physical damage to the boat and its accessories, as well as liability for injury or property damage to others.
INSURANCE
Public and Product Liability
Public liability insurance covers businesses for claims of personal injury or property damage to a third party that occur as a result of their business activities. Product liability insurance covers claims for injury or property damage caused by a product the business manufactures, supplies, or sells. Both policies typically cover legal defence costs and the compensation you may be liable to pay.
INSURANCE
Professional Liability
Traditionally, there are two types of professionals that require Professional Indemnity Insurance:
1. Those that design for a fee2. Those that provide specialty advice for a fee
These days, the scope of a professional has expanded significantly and anyone who is providing some sort of advice may need to have professional indemnity insurance. Of course, as professionals are only human, mistakes happen. A financial loss, injury or damage arising from a mistake or failure by you to exercise the required level of skill may mean a claim for compensation is made against you. Even if you were not negligent, there may be thousands of dollars’ worth of legal fees just to defend the claim. All of these are the types of costs which a good professional indemnity policy should pick up.Unlike property insurance which requires you to have an active policy in place when the damage happens, a professional indemnity policy only responds when a claim is notified (even if you gave the advice some 5 years prior). Therefore, it’s important to have adequate and continuous cover - even after you’ve retired.
INSURANCE
Commercial Property
Property insurance covers loss or damage to physical property, like machinery, buildings, stock or contents, and even buildings under construction. So, things like cryptocurrency, copyrights or patents, which can’t be held, are insured by specialist policies and not insured by property insurance.
There are different types of property insurance covers, each designed specifically for the risks faced by homeowners, businesses, or construction companies. All policies are designed to reduce the financial impact of a major loss, for example, fire or storm damage to a home or business.
INSURANCE
Business Interruption
Business interruption insurance is cover for bills, such as wages, rent or mortgage of the business, which continue even if the business can’t trade. Following a major loss, such as a fire at the building or storm damage to the roof, businesses are prevented from trading for weeks or even months. New machinery must be ordered and installed, buildings rebuilt, or replacement stock received from overseas.
So, Business Interruption insurance will pay the shortfall in Net Profit, any additional or increased costs to minimise disruption to the business, as well as fixed overheads, such as wages, utilities etc. Business interruption insurance starts from the time of the event until the business is back up and running to where it was (or projected to be) before the fire or other damage occurred.
INSURANCE
Cyber
Cyber Insurance provides protection against the ever-present threats caused by the use of digital and cloud-based technology in your business. It can help cover financial losses to your business, your customers and other parties following a cyber security or data breach, whether accidental or malicious. With technology so deeply entwined in modern business, cyber insurance is one of your best and most important forms of defence.
INSURANCE
Management Liability
This type of cover is designed to protect businesses and their key people from a wide range of legal and financial exposures that can arise from simply doing their jobs. And in today’s environment, with increased regulation and rising claim trends, it’s becoming more important than ever. Management Liability policies can vary depending on the insurer and the level of cover, but most include protection for:
- Directors and Officers Liability – claims made against company directors or officers for wrongful acts in the course of their duties.
- Employment Practices Liability – such as unfair dismissal, bullying, discrimination or harassment claims.
- Statutory Liability – fines and penalties from breaches of laws or regulations (like OH&S breaches or environmental laws).
- Crime Cover – protection against internal fraud or theft by employees.
- Company Liability – claims made directly against the business itself for things like mismanagement or failure to act.
INSURANCE
Plant & Machinery
Plant and machinery insurance is a type of business insurance that financially protects a company's mobile or stationary equipment against risks like accidental damage, theft, and breakdown, ensuring business continuity by covering repair or replacement costs. Policies can also include public liability cover for property damage or personal injury caused by the equipment, as well as optional extensions for issues like temporary hire costs or loss of income from operational downtime.
INSURANCE
Machinery Breakdown
Machinery breakdown insurance protects businesses by covering the costs of repairing or replacing sudden and unforeseen physical damage to specified machinery. This cover helps to prevent significant disruption and financial loss caused by equipment failures, such as mechanical or electrical malfunctions, by providing funds for repairs, replacement equipment, and even associated costs like spoiled stock or lost income, depending on the policy. It's typically an add-on to a business insurance package but can sometimes be a standalone policy.
INSURANCE
Commercial Motor
Commercial motor insurance is designed to cover a variety of vehicles mainly used for business purposes. From delivery vans and company cars to heavy goods vehicles or trades utes, this type of insurance plays a crucial role in protecting businesses from having to find the money pay for damage to their own vehicles, or cost of repairs to other people's vehicles or property.
The specific coverage depends on the policy you choose, but generally, it includes:
- Third-Party Liability: This covers the costs associated with damage to other people's vehicles or their property in the event of an accident, plus legal defence costs and damages, where you or your employee is at fault. CTP (Green-slip) is a separate insurance and covers injury to passengers or other people.
- Third Party + Fire & Theft: provides Third-Party liability cover, as well as theft, fire, explosion and lightening loss or damage to your vehicle.
- Comprehensive Cover: this provides the widest cover of the three cover options. Third-Party liability cover, plus accidental loss or damage to your vehicle.
INSURANCE
Corporate Travel
Corporate travel insurance policies offer cost-effective annual policies that can cover executives and employees, with some policies also covering spouses and other dependants travelling with them.
INSURANCE
Marine
Marine insurance provides coverage for risks associated with waterborne transportation and marine operations, protecting both property and liability. It encompasses policies for vessels (hull insurance) and cargo (marine cargo insurance) against losses from accidents, theft, and natural disasters. It also covers potential legal liabilities and financial losses from accidents, injuries, property damage, or environmental issues in marine activities.
INSURANCE
Strata
Strata insurance covers the shared or common property of a strata-titled building complex, such as apartments, townhouses, or units, and the building structure itself. It protects against physical damage to these common areas (like fences, pools, and gardens) and provides liability cover for injuries or property damage that occur on the shared property. The owners of individual units share the cost of strata insurance premiums as part of their strata fees.