My Business Pack

Inclusion of ten covers to help you match the cover to your business insurance needs.

• Fire and Other Events
  Cover for damage to buildings, contents and stock from events such as fire, storm, malicious damage and impact.
• Business Interruption
  Cover for the loss of your gross profit resulting from an interruption or interference to your business by insured events such as a fire, storm damage or theft.
• Public and Products Liability
  Cover for your legal liability for personal injury or property damage as a result of an occurrence in connection with your business.
• Theft
  Cover for theft of business contents and stock as a result of a break in to your building.
• Money
  Cover for loss of money at your business premises during business hours, in a locked safe, in transit and/or at your private residence.
• Glass
  Cover for breakage of glass and signs.
• General Property
  Cover for items you regularly take away from your premises, such as tools of trade, laptop computers and other electronic equipment.
• Equipment Breakdown
  Cover for the cost of repairing or replacing machinery and electronic equipment which suffers a breakdown.
• Marine Transit
  Cover for loss or damage to goods in transit within Australia and/or worldwide.
• Management Liability-PrivateEdge^® Lite
  Cover for employment liability, executive liability and direct financial loss due to dishonest acts by your employees.

Fire and Other Events

• Cover for accidental damage up to $500,000 for buildings and business contents
• Removal of debris covered up to the remaining balance of the total sum insured or up to $50,000 if the total sum insured is exhausted or the amount shown in the schedule
• Extensive automatic peak trading periods for stock sum insured along with a 50% increase over those periods
• Catastrophe cover of up to 20% in addition to the sum insured for buildings in the event that your building is a total loss due to a declared emergency event which results in escalated rebuilding costs
• Indexation of sums insured at renewal
• Choice of higher excess for lower premium

Business Interruption

• No underinsurance condition
• Cover as a result of insured damage to other property located up to 50kms from your situation which prevents the use of, or access to your situation
• Cover for insured damage to a multi-tenanted commercial complex within which your business is located that prevents access to your business
• Cover for claim preparation costs up to $25,000

Public and Products Liability

• Legal costs and charges paid in addition to the limit of liability
• Choice of higher excess for lower premium
• Cover for property in your physical or legal control up to $100,000

Theft

• Extensive automatic peak trading periods for stock sum insured along with a 50% increase over those periods
• Theft without forced entry covered up to $10,000 during any one period of insurance
• Theft of permanently attached items to the building covered for the lesser of $10,000 or the balance of the contents sum insured
• Choice of higher excess for lower premium

Money

• Extensive automatic peak trading periods for money sums insured along with a 50% increase over those periods
• Cover for up to $1,000 for money outside business hours which isn’t contained in a locked safe
• Cover for up to $2,500 when you or your employees are travelling overseas for your business
• Choice of higher excess for lower premium

Glass

• Replacement cover for breakage of internal and external glass
• Automatic cover up to $7,500 during any one period of insurance for breakage of glass or electrically illuminated signs
• Temporary repairs and associated costs associated with glass breakage covered up to $7,500 during any one period of insurance
• Damage to stock as a result of glass breakage covered up to $7,500 during any one period of insurance
• Choice of higher excess for lower premium

General Property

• Items insured are covered for accidental loss or damage
• Choice of insuring for unspecified and/or specified items
• Unspecified items are covered up to $2,000 per item
• Worldwide cover option available

Equipment Breakdown

• Single section covering both machinery and electronic equipment items
• No need to specify any items as the sum insured is based on the sums insured under the Fire and Other Events section – this means no un-insured items
• Cover for a reduction in business turnover as result of a breakdown up to $250,000 if the Business Interruption section is also insured
• Cover for damaged data media up to $10,000
• Cover for expediting costs up to $10,000
• Option to insure for stock spoilage
• No underinsurance condition in the policy

Marine Transit

• Cover for imports and/or exports as well as within Australia
• Cover for any one conveyance of up to $250,000
• No need to list type of goods conveyed

Management Liability – PrivateEdge^® Lite

• Aggregate limit of liability up to $250,000
• Cover for employment liability up to $50,000
• Cover for fidelity up to $50,000

My Business Pack is designed for small to medium sized businesses that have:

• A combined sum insured amount under the Fire and Other Events and Business Interruption sections of up to $10M for any one location; and/or
• Annual turnover for all locations of up to $20M

Customer segments that will find My Business Pack most suitable for their insurance requirements, from a coverage and pricing perspective are:

• Office / professional services
• Retailers
• Tradespeople
• Property Owners