This checklist provides brief details of most insurance products available and may assist you to identify exposures not previously considered that could affect your business or you personally. If you wish to discuss any of these products please call us.
Loss or damage to property due to an accidental cause.
Loss due to irrecoverable debts following insured loss of debtor’s records.
Advanced Consequential Loss
Loss of future earnings and/or increased expenses following delayed completion of a project caused by insured damage.
Association Liability: (D & O for Non-profit Organisation)
Liability for members of management committees or incorporated organisations against negligent acts, errors or omissions.Mismanagement (Including Occ Health), rofessional Advice (Errors and Omissions), Employment Practices Liability & Fidelity (Theft by Employees)
Loss of or damage to aircraft and related equipment.
Boiler or Pressure Vessel Explosion
Damage to registered boilers or pressure vessels by explosion, overheating, collapse, etc.
An alternative to bank guarantees.
Broadform Public & Products Liability
Liability for bodily injury and/or property damage arising from business activities and products.
Loss of property following forcible and violent entry to premises.
Business Interruption (Consequential Loss)
Loss of income and/or increased expenses due to insured damage to fixed assets.
Business Interruption : dependency on key customers or suppliers
Loss of income and/or increased costs due to insured damage to key customers or suppliers premises.
Business Interruption- Additional Increased Cost of Working
The increased costs incurred to avoid or reduce a loss of revenue following an insured business operation. Cover includes any reasonable costs irrespective of whether they limit any reduction in turnover or revenue. These additional increased costs are often expended to keep or regain market share and to maintain normal business operations. (Advertising, lease of rental property, cost of a third party manufacturing your product or providing a service.)
Business Interruption: dependency on public utilities
Loss of income and/or increased costs due to insured damage to public utilities premises.
Cancellation and Abandonment
Loss of income and/or additional expenses incurred due to occurrences such as adverse weather conditions or non-appearance of performers including death or illness.
Commercial Legal Expenses
Reimbursement of legal costs in either defending or pursing legal action in areas of contract, employment, criminal, property, patent and copy write, motor and trade practices (both civil and statutory).
Completed Operations Liability
Liability arising from completed buildings/ projects/constructions.
Computer /Electronic Equipment Breakdown Specified items only
Damage, loss of income and/or increased expenses following mechanical and electronic breakdown of computer equipment, media and data.
Insured loss following tampering with computer systems, fraud or virus.
Computer/Electronic – Loss of Data
An extension to a Computer/Electronic Breakdown insurance policy to cover the cost of replacement Software/Purchasing Licensing Agreements.
Contamination Products Insurance
Broader than Product Recall - Insured Events: Accidental Contamination, Malicious Tampering, Product Extortion. Cover: Business Interruption, Recall Costs, Rehabilitation Expense, Consultants, Extortion Costs, Restoration or Replacement of Product.
Loss or damage to the project/works during construction.
Contractors' Plant & Machinery
Loss or damage to unregistered mobile plant, drilling rigs and the like.
Contractual Fines & Penalties
Fines or penalties due to failure to meet contractual commitments due to an insured loss to assets.
Liability assumed under contract or agreement
Medical costs, baggage and other Benefits whilst travelling on business.
Loss following insolvency of a debtor either single debtors or a group of specific debtors or a blanket cover over all debtors.
Public Relations consultant costs to assist following a major crisis.
Fire or hail damage to growing crops.
Covers Breach of Privacy, Transmission of a Virus, Third Party Liability and Cyber Extortion.
Liability for damages following libel and slander.
Directors & Officers Liability
Liability for damages following a wrongful act committed by the directors or officers of a company.
Material damage and loss of data following breakdown or malfunction.
Employees Property in Transit or on Premises
Loss or damage to employee’s personal effects.
Employers Liability Accident Make-up Pay
Liability for the “Gap” between Workers’ Compensation Act benefits and average actual weekly pay.
Employment Practices Liability
Liability for employment related issues such as wrongful dismissal, sexual harassment, and discrimination.
Environmental Impairment Liability
Liability for bodily injury and/or property damage following gradual pollution.
Default by overseas customers or default due to political interference.
Export Sellers Contingency
Loss or damage not insured/recoverable from overseas purchasers.
Extensions to warranty periods for products.
Extra Territorial Workers’ Compensation
Workers Compensation benefits for employees working interstate or overseas and at common law.
Loss of goods or money due to theft or dishonesty by employees.
Financial Loss : (inc loss of use and efficacy)
Liability for financial loss only not accompanied by bodily injury or property damage.
Fire and Perils
Damage to property caused by a range of nominated risks.
Loss or damage to property caused by “flood” - Water Damage caused by inundation of water from a natural water course such as a creek, river, lake, canal, damLoss or damage to property caused by “flood” - Water Damage caused by inundation of water from a natural water course such as a creek, river, lake, canal, damLoss or damage to property caused by “flood” - Water Damage caused by inundation of water from a natural water course such as a creek, river, lake, canal, damLoss or damage to property caused by “flood” - Water Damage caused by inundation of water from a natural water course such as a creek, river, lake, canal, dam.
Damage to fixed glass.
Industrial Special Risks
Fire and Perils and Accidental Damage to fixed assets and subsequent Business Interruption.
Legal expenses incurred to defend patent, trademark, copyright etc.
Liability for infringement, defamation, viruses, misuse etc.
Kidnap, Ransom and Extortion
Monies paid following kidnap of staff or family or threats of damage to assets.
Livestock and Bloodstock
Loss following death or loss of use of valuable animals.
Mechanical or electrical breakdown of plant and equipment.
Machinery Breakdown Consequential Loss
Loss of profits and additional expenses following a business interruption caused by mechanical or electrical breakdown.
A cost effective combined Management Liability cover for Private Companies. Cover Directors and Officers, the Business Entity and also include Employment Practices Liability cover.
Marine Business Interruption
Loss of income and/or additional expenses following marine transit material damage claims.
Damage to goods whilst in transit Overseas or within Australia including containers.
Loss or damage to sea or land containers including refrigerated containers
Marine Hull (Specified Craft)
Damage to private and commercial vessels and related equipment.
Liability for bodily injury and/or property damage arising from:Operation of vessels, Carriers liability, Ship-repair activities, Charterers liability & Stevedore liability.
Loss or damage to cash, cheques, negotiable instruments in transit or on premises.
Mortgage payments in the event of disability.
Motor – CTP
Liability for bodily injury arising from registered vehicles.
Motor – TPPD
Liability for property damage arising from registered motor vehicles.
Motor Vehicles, trailers, caravans, motor cycles or mobile equipment
Loss or damage to registered or unregistered motor vehicles and the like.
Loss or damage to jewellery, works of art and other valuables.
Liability for the cost of repairing or replacing faulty products.
Product Recall Expenses
Expenses incurred in the recall of defective products.
Loss of profit, recall and other expenses following product tampering.
Professional Indemnity or Errors and Omissions
Liability for negligent services or advice provided by professionals.
Property in Care, Custody or Control
Liability for loss or damage to property of others in your care, custody or control.
Loss of refrigerated stock due to refrigeration equipment breakdown.
Costs to rewrite replace or reconstruct records and data. Following perils insured under the ISR policy but not following breakdown.
Country farms and properties.
Covers Penalties payable to any Regulatory Authority consequent upon breach of an Act, Plus legal costs and associated expenses incurred with the investigation, defence (including appeal) and settlement of the claim.Covers Occupational Health and Safety,Environmental Law,Employment Practices Legislation, Companies Law etc.
Additional expenses incurred following labour disturbances.
Tax Audit / Investigation Expenses Cover
Cover to insure expenses incurred – for unexpected audits / investigation –Eg, Workcover, including Australian Tax Office.Cover available for audit for the Company & Directors and Audit / Investigation for Company & Directors.
Loss or damage to fixed property due to declared terrorism.
Theft in open air
Loss of property in the open air without forcible and violent entry. Only covered under ISR policy. Not covered under Electronic Equipment policy.
Theft of property in premises
Loss of property within premises with forcible and violent entry.Loss of property within premises without forcible and violent entry (except as covered by the ISR policy).
Tools & Equipment
Loss or damage to tools or equipment in vehicles, or on site or in storage including laptops. Limitations apply.
Liability for damages following mismanagement of superannuation funds by trustees.
Unregistered Vehicle Liability
Liability for unregistered vehicles working/ travelling on public streets or areas.
Water Damage / Water Run-off
Water Damage caused by or runoff from a man-made water course.
Loss due to inadequate or exorbitant rain or temperatures.