Business Pack Insurance

 

Practical Insurance Protection for Australian Businesses

Running a business involves more than looking after your customers. You may also need to protect your premises, equipment, stock, income and legal liabilities.

Business Pack Insurance combines several types of commercial insurance into one policy. The sections you select can be tailored to your business activities, property, location and individual risk exposures.

At Total Protection Insurance Brokers, we take the time to understand how your business operates before recommending insurance options.

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What Is Business Pack Insurance?

Business Pack Insurance is a flexible commercial insurance policy designed to cover several common business risks under one policy.

Instead of purchasing separate policies for your property, liability, theft and business interruption exposures, selected covers can usually be packaged together.

The sections available will depend on your needs, occupation and individual circumstances. You only need to select the covers relevant to your business.

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What Can a Business Pack Policy Cover?

Business Property

 Cover may be arranged for buildings, office contents, machinery, equipment, furniture and other business property against insured events such as fire, storm and accidental damage.

Public and Products Liability

 Public liability can protect your business against certain claims made by third parties for personal injury or property damage arising from your business activities.

 Products liability can respond to certain claims involving products that your business sells, supplies, manufactures, repairs or distributes.

Business Interruption

 Property damage can affect more than your equipment or premises. It may also interrupt your income and create additional expenses while your business recovers.

 Business interruption cover can be structured to insure loss of gross profit or revenue following an insured event.

 Businesses that do not wish to insure their income may be able to select Additional Increased Cost of Working cover, which can help meet certain additional operating expenses incurred following insured damage.

Theft

 Theft cover may protect insured business property following theft or attempted theft from your premises, subject to the policy conditions and security requirements.

Money

Cover may be available for business money kept at your premises, in a safe, in transit or temporarily held at your home.

Glass

 This section may cover accidental breakage of internal and external glass, including certain signs, counters, showcases and display cabinets.

Machinery Breakdown

 Machinery breakdown insurance may cover sudden and unforeseen damage to insured machinery, electrical equipment, refrigeration units or pressure equipment.

Optional deterioration of stock cover may also be available for businesses that rely on refrigeration.

Electronic Equipment

 Cover may be arranged for accidental damage or breakdown affecting computers and other electronic equipment. Some policies may also provide options for restoration of electronic data or increased operating costs.

Tax Audit Costs

 Tax audit cover may contribute towards certain professional fees incurred when responding to an audit conducted by the Australian Taxation Office or another eligible authority.

Employee Dishonesty

 This section may protect the business against certain direct financial losses caused by dishonest or fraudulent acts committed by employees.

Goods in Transit

 Cover may be available for stock, equipment or other goods while being transported within Australia.

General Property

 Portable equipment, tools, laptops and other insured property may be covered while temporarily away from your business premises.

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