Ensure you have the right protection
Business insurance policies provide protection and peace of mind against a range of risks, including the follow.
In subsequent articles in this series we will be focusing, in more detail on each of the covers
| Fire & Perils Insurance | Cover for damage to insured property including buildings, contents and stock caused by events such as Storm, Malicious Damage, Explosion, Earthquake, Wind, Leakage of liquid and Flood (dependant on the insurance product) |
| Business Interruption Insurance | Cover for Business Income or Consequential Loss of Profits in the event that normal business routine is interrupted or interfered with following an insured event. |
| Public & Products Liability Insurance | Cover in the event of damage or loss caused, or allegedly caused, by your negligence to a third party in connection with your business activities. It indemnifies against legal liability to pay compensation in respect of personal injury or property damage arising from a sold product. It does not cover product warranty. It includes cover for defence costs even if the action against you is fraudulent or false. |
| Theft/ Burglary Insurance | Cover for insured property (contents, stock etc. as declared) contained on the premises from forced entry.
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| Glass Breakage Insurance | Cover for accidental breakage of glass at the premises (internal and/or external as declared) including signage and advertising printed thereon. |
| Employee Dishonesty Insurance | Provides cover for loss due to fraudulent or dishonest employee conduct such as employee theft of company money or property |
| Machinery Breakdown Insurance | Cover for repair or replacement costs following sudden and unforseen breakdown of mechanical machinery. |
| Electronic Equipment Breakdown Insurance | Cover for repair or replacement costs following sudden and unforeseen breakdown of electrical equipment. |
| Goods in Transit Insurance | Cover for damage to contents or stock whilst in transit within Australia caused by certain events such as fire, theft, pilferage, overturning of a conveyancing vehicle, loading, unloading and some policies include accidental damage. |
| General Property Insurance | Cover for damage to or loss of portable goods, anywhere in Australia even worldwide if this level of cover is selected.
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| Tax Audit Insurance | Cover for professional fees incurred in connection with an audit by a government body. |
Disclaimer – “This material contains general information only and may not suit your particular circumstances. To decide if a policy is right for you please carefully read the relevant Product Disclosure Statement (PDS) and/or Policy wording. While we have exercised due care and skill in preparing this information, Optimum Insurance Services (Optimum) does not accept any legal responsibility or liability for negligence or otherwise to you or anyone else who seeks to rely on this information. This includes, without limitation, loss arising from a possible failure of the information to comply with statutory or regulatory requirements or the failure of the information to identify other terms and conditions beyond those considered in this document. You should obtain advice to ensure that your policy provides adequate cover for your circumstances. “Optimum Insurance Services Pty Ltd is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd (Car No. 291220), Australian Financial Services Licence No 240549, ABN 15 003 886 687.”
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Business Owners Guide To Risk & Insurance Protection
Business Owners Guide to Professional Indemnity Insurance
Business Owners Guide to General Insurance Claims
