Business Insurance:
Sarre Insurance Broking Services can provide you with strategic business insurance solutions to protect your business in the event of a loss. Some businesses are forced to cease operating after a major disaster such as a fire, or a period of business interruption, frequently due to inadequate insurance protection. We work with you to enable you to make informed decisions about your risks and assist you to insure, manage and minimise them.The following is an elementary guide to the types of policies most commonly used by small businesses. This is not a definitive list but it gives a brief description of the types of cover your business may need that we can arrange for you:
- Burglary
covers the following areas when theft occurs including violent, forcible
entry; loss or damage to stock; goods held in trust; and all contents
for which you are responsible within the premises. Burglary cover does
not normally cover theft by employees or others entitled to be on the
premises.
- Business Interruption/Loss of Rent Insurance provides cover if business is interrupted from damage to property by
fire or other insured perils. Cover ensures ongoing expenses are met
and anticipated gross profit/rental income is maintained through a provision of cash
flow.
- Fire & Perils
covers destruction of, or damage to, your buildings and contents through
fire and other perils such as lightning, explosion, malicious damage,
earthquake, storm and water damage. (Note: Flood caused by an overflowing
watercourse, such as a creek or river, is not normally covered by most
standard fire and perils policies).
- Goods In Transit
covers against loss or damage to your property while in transit - either
within Australia or on a world-wide basis.
- Loss of Money
cash and items such as cheques are insured against theft from business
premises or whilst in transit.
- Motor Vehicle
a comprehensive motor vehicle policy insures against damage to your
vehicle and third party property damage. Third Party Fire and Theft
and Third Party Only options are also available.
- Personal Accident, Illness or Disability covers
against your inability to work and the resulting loss of income. Unless
you operate as a Proprietary Limited company, you personally will not
be covered by Workers Compensation.
- Products Liability
if you sell, supply or deliver goods, even in the form of repair or
service, you may need cover against claims of goods causing injury or
damage.
- Professional Indemnity
businesses which supply advice of any kind can be sued for financial
loss due to errors or omissions - and may need this protection.
- Public Liability
this covers you against any claims by members of the public who may
suffer injury or damage to property while on your premises, or while
you are working at their premises.
- Workers Compensation this cover is compulsory. It covers claims arising from the death, injury or illness of employees arising out of their employment (under workers compensation law, or common law) and includes legal costs.
- Glass or sign breakage
- Perishable food or other stock deterioration
- Computers and computer records
- Business machines and equipment
- Tax audit
- Fidelity guarantee
- Commercial or Residential Strata
