OPEN FOR BUSINESS?

Peace of mind with a comprehensive

Business Insurance

 

Get An Insurance Quote Online

Business Insurance Policies

Business insurance policies provide businesses with protection and peace of mind against a range of risks.

Insured events can include:

  • Fire & Perils
  • Business interruption (consequential loss)
  • Public and products (broadform) liability
  • Theft/burglary
  • Money coverage
  • Glass breakage
  • Employee dishonesty
  • Machinery breakdown
  • Electronic equipment breakdown
  • Goods in transit
  • Portable property
  • Tax audit

Business Insurance Quotes

Open For Business?

Get peace of mind with a comprehensive Business Insurance

Contact Us

We welcome all enquiries in relation to our insurance products and services. To obtain advice or a competitive quotation enquire online. If you would like to discuss your specific needs further, please call 1300 739 861 and speak with our friendly and helpful advisers.

  I Agree to the terms of the Privacy Statement

Business Insurance Blogs

Slider
IT-Contractors-Insurance-Policies
Business Insurance
Business Insurance
Business Insurance
Business Insurance
Business Insurance
Slider

Related Insurance Products

All Business Insurance Products Quotes & Advice Online
All Business Insurance Products

All Business Insurance Products including Property, Liability, Commercial Motor, Cyber Risk, Directors & Officers Liability and more.

Business Insurance
All Business Insurance Products
Business Insurance
All Business Insurance Products

All Business Insurance Products including Property, Liability, Commercial Motor, Cyber Risk, Directors & Officers Liability and more.

Commercial Motor Vehicle Insurance Quotes & Advice Online
Commercial Motor Vehicle Insurance

Comprehensive, Third Party Fire & Theft or Third Party Property Damage Insurance for Business/Commercial Motor Vehicles.

Business Insurance
Commercial Motor Vehicle Insurance
Business Insurance
Commercial Motor Vehicle Insurance

Comprehensive, Third Party Fire & Theft or Third Party Property Damage Insurance for Business/Commercial Motor Vehicles.

Corporate Travel Insurance Quotes & Advice Online
Corporate Travel Insurance

Cover for all for authorised business travel interstate and intrastate and overseas, including associated holiday travel, as declared.

Business Insurance
Corporate Travel Insurance
Business Insurance
Corporate Travel Insurance

Cover for all for authorised business travel interstate and intrastate and overseas, including associated holiday travel, as declared.

Cyber Risk Insurance Quotes & Advice Online
Cyber Risk Insurance

Protection for first party and third party cyber exposures.

Business Insurance
Cyber Risk Insurance
Business Insurance
Cyber Risk Insurance

Protection for first party and third party cyber exposures.

Management Liability Insurance Quotes & Advice Online
Management Liability Insurance

Protection for the personal assets of directors and officers.

Business Insurance
Management Liability Insurance
Business Insurance
Management Liability Insurance

Protection for the personal assets of directors and officers.

Public & Products Liability Insurance Quotes & Advice Online
Public & Products Liability Insurance

Protection for liability for loss or damage caused to third parties.

Business Insurance
Public & Products Liability Insurance
Business Insurance
Public & Products Liability Insurance

Protection for liability for loss or damage caused to third parties.

Marine Transit Insurance Quotes & Advice Online
Marine Transit Insurance

Transit cover for commercial cargo being imported or exported to/from Australia.

Business Insurance
Marine Transit Insurance
Business Insurance
Marine Transit Insurance

Transit cover for commercial cargo being imported or exported to/from Australia.

Professional Indemnity Insurance Quotes & Advice Online
Professional Indemnity Insurance

Cover for claims made against you by a third party for financial compensation arising from a breach of your professional services.

Business Insurance
Professional Indemnity Insurance
Business Insurance
Professional Indemnity Insurance

Cover for claims made against you by a third party for financial compensation arising from a breach of your professional services.

Workers Compensation Insurance Quotes & Advice Online
Workers Compensation Insurance

Compulsory insurance for employers that provides compensation for an employee(s) in the event of an injury in the course of their employment.

Business Insurance
Workers Compensation Insurance
Business Insurance
Workers Compensation Insurance

Compulsory insurance for employers that provides compensation for an employee(s) in the event of an injury in the course of their employment.

An Overview Of Common Policy Features

Fire and Perils

Covers your business for damage to insured property, that includes building, contents, thefts and stock caused by certain defined events:

  • Storm
  • Malicious damage
  • Explosion
  • Earthquake
  • Wind
  • Leakage of liquid
  • Flood (depends on insurance product)

Additional extensions of cover are also included:

  • Removal of Debris
  • Accidental Damage
  • Claim Preparation Costs
  • Rewriting of Records 

Business Interruption

Provides cover for consequential loss of profits or revenue resulting from the interruption or interference with your business caused by damage covered under the Fire and Perils sections. There are several different options of cover available. These include:

Business Income Protection:

  • Weekly income
  • Additional expenses (e.g. – relocation costs, expediting expenses)

Consequential Loss of Profits:

  • Gross profit
  • Loss of rent receivable
  • Payroll

Claims Preparation Expenses:

Reasonable professional fees and other expenses necessarily incurred as a result of the property claim (as agreed by the insurer and subject to policy limit).

Additional Increased Costs of Working:

This option, if selected, provides cover for additional expenditure not otherwise covered under any other section following a loss. It provides cover for reasonable costs incurred to minimise the loss or damage caused to the business. An example of such is cover for additional payroll and advertising expenses required to maintain the business customer base (as agreed by the insurer and subject to policy limit).

Outstanding Accounts Receivable:

Cover for the amount owed to the business that it is unable to collect due to damage to records.

Public & Products Liability Insurance

Provides insurance cover in respect of insured’s liability or loss or damage caused negligently to third parties, who are not the insured, as a result of an occurrence in connection with the insured’s business.

It indemnifies the insured business against legal liability to pay compensation in respect of personal injury or property damage claims arising in respect of the product and/or service sold or supplied by the insured, however it does not cover product warranty and is always subject to terms, conditions and exclusions.

In addition, these policies also provide cover for defence costs even if the action against you is false or fraudulent, provided that an excluded circumstance does not apply.

Personal Injury cover may include:

  • Death, bodily injury, sickness, disease, disability, shock, fright, mental anguish and mental injury;
  • False arrest, wrongful detention or imprisonment, and malicious prosecution;
  • Wrongful eviction;
  • Assault or battery; and/or
  • Libel, slander, defamation of character or invasion of the right of privacy.

Property Damage cover may include:

  • Physical damage to tangible property; and/or
  • The loss of use of tangible property which has not been damaged but cannot be used due to damage to other tangible property.      

Theft/Burglary

Covers insured property (business contents, stock and customers goods as declared) contained on your business premises following forced and violent entry. Additional cover includes damage to buildings and fixtures, replacement of locks, protection of premises, and temporary removal of your property insured to another location subject to the policy limitation.

Money

Covers loss of, or damage to, money contained in the building during or outside business hours, while in a locked safe or strongroom, in transit, or in your personal custody while contained in your private residence.

Cover options available:

  • Transit to or from your business premises;
  • Money while contained in the night safe of any bank; and/or
  • Money contained in the building:

(a) during business hours;

(b) Outside business hours; and/or

(c) Only while contained in a securely locked safe or securely locked strongroom.

Glass

Cover provides protection against accidental breakage of fixed glass located at the business premises. Property covered includes items such as glass/perspex – windows, doors, mirrors and skylights for:

  • Fixed external glass; and/or
  • Fixed internal glass.

In most cases the policies also provide cover for wash basins, lavatory pans and cisterns.

Employee Dishonesty

Covers the loss of money or goods (i.e stock) due to the fraudulent or dishonest conduct of an employee, for their own gain or the financial benefit of any other person or business.

A few examples of events which are covered include:

  • An employee stealing money to fund gambling activities; and/or
  • An employee organising with another person to over-pay invoices or pay false invoices.

Machinery Breakdown

Covers for damage to electrical, electronic and mechanical machinery insured due to breakdown located at the businesses premises.

Cover provides compensation to your business for:

  • The costs of restoring or replacing machinery after Breakdown; and/or
  • The cost of hiring temporary machinery.

Additional features and benefits:

Cover is available under this section for deterioration/loss of stock (up to the nominated sum insured) following a breakdown.

Portable Property

Covers items such as laptop computers, tools of trade whether at or away from the premises.

There are principally two covers available under this section:

  • Accidental damage covers any sudden, unexpected or occurrence not otherwise excluded; and
  • Restricted cover to collision, overturning of the conveying vehicle and flood. Fire cover is available as an optional cover.

Goods In Transit

Covers your business for damage to property insured whilst in transit within Australia caused by certain defined events. It provides cover for loss of, or damage to, goods insured. There are several cover options available:

  • Fire, Collision and Overturning covers overturning of the conveying vehicle, resulting in your insured item(s) being destroyed.
  • Fire, Collision and Overturning and Theft covers the conveying vehicle being broken into and your insured item(s) being stolen.
  • All Risks not excluded covers the insured item(s) being dropped by the carrier resulting in your item(s) being destroyed (covers all risks of loss or damage not otherwise excluded).

Tax Audit

Cover for professional fees in connection with an audit by a government body. Cover can be extended to include audit cover of directors of the insured’s business.

 

Optimum Insurance Services Pty Ltd is a Corporate Authorised Representative (No. 291220) of Insurance Advisernet Australia Pty Ltd (AFSL No. 240549).

 

© Optimum Insurance Services Pty Ltd 2006 - 2019

Pin It on Pinterest


Notice

: ob_end_flush(): failed to send buffer of default output handler (3) in C:\Optimum_WP\wp-content\plugins\nextend-smart-slider3-pro\nextend\wordpress\assetInjector.php on line 130

Notice: ob_end_flush(): failed to send buffer of default output handler (3) in C:\Optimum_WP\wp-content\plugins\nextend-smart-slider3-pro\nextend\wordpress\assetInjector.php on line 130


Notice: ob_end_flush(): failed to send buffer of default output handler (3) in C:\Optimum_WP\wp-includes\functions.php on line 4552

Notice: ob_end_flush(): failed to send buffer of default output handler (3) in C:\Optimum_WP\wp-includes\functions.php on line 4552

Notice: ob_end_flush(): failed to send buffer of default output handler (3) in C:\Optimum_WP\wp-includes\functions.php on line 4552

Notice: ob_end_flush(): failed to send buffer of default output handler (3) in C:\Optimum_WP\wp-includes\functions.php on line 4552