Every business is different and has different needs. All business though has exposure to and need of some of the following covers;
- Property insurance - to protect your office fit-out, business contents, plant & equipment
- Business Interruption – protects your gross profit, wages and turnover loss after a property claim
- Burglary / Theft cover – in case you suffer a burglary or damage from an attempted break in
- Theft of money from the premises, your residence or in transit
- Breakage of glass (this may be required under your lease)
- Public Liability insurance - to protect against property damage to third party property or personal injury, as well as on-site injury caused by one of your employees to another person (if not covered by Victorian Work cover)
- Legal Expenses Cover – provides cover for legal expenses for your business (legal advise, ATP audit costs, landlord disputes, debt collection, etc.)
- Electronic Equipment – Computer insurance covering loss of your hardware, software & restoration of lost data (client records, sales & accounting records, etc.)
- Machinery Breakdown and Breakdown Loss of Profits
- Tools Cover – Protect your tools anywhere in Australia incl. theft from a locked building or vehicle
- General Property - Protect your portable electronic equipment such as laptops or diagnostic & measuring equipment anywhere in Australia incl. theft from a locked building or vehicle
- Goods in Transit (or Marine Cargo) cover to protect the goods or products you ship locally or internationally
- Motor Vehicle Insurance (should include registered fork lifts & mobile plant)
- Professional Indemnity insurance to protect you against any advise, error or omission from a professional standpoint (includes defence costs)
- Management Liability to protect your managers against directors & officers liability, employment practice liability, company liability, etc. (e.g. wrongful dismissal, sexual harassment, pollution, corporate breaches)
- Cyber Crime Protection – new privacy laws require you to protect all your customers private information, this includes loss through malicious intrusion to your computer (Malware etc.), Theft of information or Capture & ransom of your system
- Workers Compensation – to manage the back to work process of an employee injured in the workplace. Every state has its own requirements but you should have workers compensation cover for every state that you have employees in.
- Corporate Travel – to cover travel exposures (medical, liability, lost baggage, flight delay, etc.) for your company executives & employees travelling overseas &/or interstate. Can also cover associated leisure travel for the partner & family of executives.
- Tax Audit
- Personal Accident & Illness – protect your income should you be unable to work due to illness or accident
Let us assess your business with you to see what covers you need. for example, have you considered your exposure to the following risks;
- Do you import or export
- Do you have a dependence on specific machinery (delays to supply, breakdown exposure)
- Do you rely on major Suppliers or Customers (what if they had a fire at their factory)
- Business interruption risk
- Location exposures – Prevention of access
- Material, equipment and premises damage coverage
- Fire hazard risks
- Statutory liability
- Transit and cargo needs
- Product recall exposure
- Occupational safety and health
- Product liability protection for injury or damage incurred as a result of manufacturing or design defects
- Management liability, such as omissions and errors
We can work through these with you to protect your business against a catastrophe and keep your business trading following a loss.
We cover businesses of all sizes throughout Australia and have the knowledge to guide you through the process of tailoring the right insurance for you.
You may not know a lot about insurance, but that doesn’t matter. As experts in our field, we will help you understand how your insurance cover works and how you can make the most informed decisions possible when developing a risk protection program. That's why it's crucial to engage All asset Insurance Brokers for advice on insurance.
What is business insurance?
Business insurance is the amalgamation of multiple insurance covers combined into one policy that is customisable to meet your operational requirements, risk potential and your budget.