TYPE

What does it cover?

Accounts Receivable

Loss due to inability of the insured to collect amounts owing from customers as the direct result of loss or damage by an insured peril to records of accounts receivable which are contained in the premises.

Advanced Profits / Rentals

Consequential loss of profits / rentals as a result of the delayed completion of a project due to loss, damage or destruction caused by an insured peril / risk.

Audit Expenses

Professional fees incurred in connection with assisting in the response to an Audit or Investigation of a statutory return lodged by you.

Boiler and Pressure Vessel Explosion

Loss or damage due to explosion or collapse of boilers and / or pressure vessels requiring a certificate of registration.

Burglary / Theft

Loss of or damage to insured property as a result of burglary of theft.

Business Interruption / Consequential Loss

Loss due to interruption of the business as a result of loss, destruction or damage by an insured peril / risk.

Computer Multi Risks / Computer Breakdown / Business Interruption

Physical loss or damage, including mechanical or electrical breakdown, to computing equipment and loss due to interruption of the business as a result of loss, destruction or damage by an insured peril / risk.

Construction Risks / Liability / Advance Profits

Loss, destruction of or to contract works and all materials ascribed to the contract whilst in transit and on or adjacent to “the site”. (Cover applies both during the construction and maintenance periods and is tailored to reflect the particular risks mentioned / applicable to specific contracts).

Coverage may also include legal liabilities for injury to any person(s) and / or damage to any property of third parties arising out of the construction / maintenance operations.

Contract Bonding / Contract Guarantees

Financial loss arising from the failure of parties to a contract to fulfill their contractual obligations.

Contract Penalties / Liquidated Damages

Penalties under contract for delay in completion of a contract on schedule.

Corporate Travel

Baggage, overseas medical expenses, money, personal accident and loss of deposits for insured persons whilst travelling on the business of the insured. This policy is often purchased on an annual basis with the insured client as beneficiary.

Crop (Growing)

Loss, destruction or damage to crops from an insured peril / risk.

Electronic Computer Crime

Loss sustained by the insured as a result of fraud perpetrated by anyone other than the insured’s employees through the insured’s computer or electronic communications systems.

Fidelity Guarantee

Loss sustained through fraudulent or dishonest acts committed by employees.

Fine Arts Risk

Loss of or damage to fine art and curios whilst on display, exhibition or in transit.

General Property

Loss or damage to defined property normally of a specialised nature which is not covered under a Fire / ISR Policy.

Glass Breakage

Accidental damage to internal / or external glass, mirrors tiles and signs.

Group Personal Accident

A nominated group of individuals for a specified benefit against loss of limbs and disablement. The benefits are payable to the company or association purchasing the cover.

Householders

Domestic dwellings and contents against fire and other perils including theft and personal liability.

Livestock

Death or illness to specified livestock.

Machinery Breakdown – Business Interruption

Loss from interruption or interference to the business as a result of loss or damage to plant and / or machinery.

Machinery Breakdown – Material Damage

Sudden and unforeseen loss or damage to plant and machinery

Marine – Overseas

Loss and / or damage to goods and or merchandise whilst in transit to and from Australia.

Marine Hull

The loss of specified vessels or craft as a result of an insured peril;

Marine Inland

Loss of and/ or damage to motor vehicles and legal liability to third parties arising out of the use of motor vehicles.

Money

Loss of money and negotiable instruments.

Motor Vehicle

Loss of or damage to motor vehicles and legal liability to third parties arising out of the use of motor vehicles.

Personal Accident

Covering nominated individuals for a specified benefit against loss of limbs and disablement. The benefits are payable to the insured purchasing the cover.

Property Insurance

Loss / damage to insured property as a result of fire and / or extraneous perils and / or other risks (Industrial special Risks).

Special Risks

Loss or damage to specified personal jewellery or valuables. This cover is usually placed in conjunction with householder’s insurance.