Insurance cover of physical property such as buildings, machinery, contents and stock in trade, including stock of vehicles. It can also cover customers’ vehicles and property in your control against fire and the listed risks. It may also provide limited cover for accidental damage.

For buildings and contents, the policy will pay the replacement cost or reinstate the property (new for old). For stock, the policy will indemnify you. Provided a valid claim has been made, the policy will also provide limited cover for:

• Professional fees
• Removal of debris
• Stock whilst in transit.
• Temporary repairs, including shoring up, underpinning, propping or other temporary repair to property.
• Temporary removal cover for machinery and specified contents against damages or theft.
• Accountants’ fees.
• Fire extinguishing costs.
• Accidental damage up to $10,000 or the amount specified in the policy schedule.
• Directors and employees’ personal property, up to $3,000 per employee, and limited to $10,000 for any one period of insurance.
• Landscaping – cover for certain damage to landscaping.
• Optional property cover.

Insurance cover for loss of profit and additional expenditure incurred following damage to your property by a fire or other insured risk.

Insurance cover for the cost of reinstatement of stolen property, or repairs to your property following burglary that originated from forcible and violent entry. Additional benefits provided under policy conditions to suit motor trade businesses.

Insurance cover for the cost to reinstate or repair breakage of specified glass, internal glass or external glass that you elect to specify under the policy.

Insurance cover for legal liability to pay compensation in respect of personal injury or property damage. Provides protection against losses arising from both public and products liabilities, including damage resulting from faulty workmanship.

Optional Covers

• Customers' vehicles or watercraft in legal control (full limit of indemnity)
• Customers' property in legal control.
• Rectification of Faulty Workmanship.
• Vehicle Inspection and Evaluation (Property Damage and Personal Injury).
• Vehicle inspection and valuation (No Property Damage or Personal Injury).

Vehicle Inspection and Evaluation cover provides protection against losses arising in circumstances where a fee was paid for 'advice', e.g. when a Roadworthy or Safety certificate is issued.

 

Insurance cover against loss of money and property caused by fraudulent or dishonest acts of an identified employee. Additional benefits:

• $2,000 for any fraudulent or dishonest act by an unidentified employee.
• Up to 5 per cent of a loss payable or $10,000, whichever is less, to pay external auditors to substantiate a valid claim.
• Continuity of prior cover.

 

Insurance cover against the breakdown of mechanical or electrical machinery, boiler explosion or collapse of boilers or pressure vessels. Goods in cold chambers are covered against deterioration.

Insurance cover for the costs of replacement or repair due to sudden and unforeseen physical loss or damage of electronic equipment at the situation.

Insurance cover for loss, destruction or damage to property specified in the policy schedule as a result of:

• Fire.
• Flood.
• Earthquake.
• Explosion.
• Collision or overturning of the conveying vehicle.
• Burglary from situations insured including your residence and vehicle.

It covers reinstatement or repairs and there is no deduction for depreciation.

 

Insurance cover against the cost of professional fees incurred as a result of an audit or investigation by the Australian Taxation Office relating to liability to pay a designated tax. Designated tax includes Income FBT, Sales Tax, Superannuation Contributions, and New GST or Termination Payments Tax.