Business Insurance Packages

To fully protect your Business, there are a wide range of sections available to you, from the standard covers for business assets, through to covering loss of income if you are unable to trade. At Coastsure, we will walk you through these sections of cover, and help you to put together an Insurance Package that is tailored to your specific needs, at a competitive price.

Below is a brief description about the sections of cover that can be incorporated into a standard Business Insurance package.

Fire & Perils /Accidental Damage

Covers your physical assets (buildings; stock; contents) against loss or damage by certain physical events such as fire; water; malicious or accidental damage; storm & tempest and the like.

Business Interruption

Pays for any profits lost by the business when it has been unable to trade due to loss or damage from the kind of events covered by the policy. The cover can also include wages and other out of pocket expenses.

Public & Products Liability (known as Broadform Liability)

Covers your legal liability to third parties for personal injury or damage to their property if you are held to be negligent at common law arising out of your business or your products.

Burglary

Pays up to whatever amount you nominate in the policy against the event of Burglary / Theft of your physical assets from your premises.

Money

Pays up to whatever limit you nominate in the policy against Theft of Money either in transit, or stolen from your nominated premises.

Glass

Covers glass at your premises against damage necessitating replacement.

Electronic Equipment

Pays for the cost of repair of your computers and electronic equipment following its breakdown. It also includes cover for Restoration of Lost Data.

Machinery Breakdown

Pays for the repair or replacement of your machinery should either a mechanical or electrical breakdown occur. You can also extend the cover to include ‘Spoilage’ of foodstuffs following breakdown.

Mobile Plant & Equipment / Portable Property

Covers nominated Registered and Unregistered Plant & Equipment, against loss or damage, anywhere in Australia.

Property in Transit

Covers Stock whilst in transit, (road, rail or air), up to a nominated ‘limit any one event’.

Professional Indemnity

For businesses providing professional advice or service, this pays for legal liability for financial loss alleged by third parties, as a direct result of reliance upon your professional advice or service.

Management Liability

Covers your legal liability arising out of a breach of your duties either as a Director or employer, under a variety of legislation and statutes, including employment practices liability.

Any advice or recommendation that may have been implied is General Advice only. Please be aware that we have not taken into consideration your needs, objective or financial requirements. Before deciding to purchase a financial product, you should read the Product Disclosure Statement to ensure the product is suitable for your needs.