Public and Products Liability
This policy indemnifies the insured for legal liability that arises from personal injury or damage to property that occurs during the period of insurance in relation to the business, subject to the policy exclusions. It also covers the defence costs that are incurred in respect of the claim.
This policy indemnifies the insured for legal liability that arises from giving incorrect advice, including any financial loss sustained due to that poor advice. Nearly all “white collar” professions need this cover, including accountants, lawyers, doctors, insurance brokers, real estate agents and financial planners. There are many “blue collar” professions that also require this cover, such as engineers, architects and people involved in the design process of any products.
This policy covers the directors and officers of the business, including the business itself for claims made by other business’s or people for things such as; directors and officers cover (cover for negligence, such as breach of the trade practices act), employment practices liability (wrongful dismissal and discrimination etc.), crime cover (fidelity) and taxation investigation costs as well as many more.
Industry statistics show that most businesses do not survive following a major loss such as a fire. If you are unfortunate enough to suffer an insured loss, Business Interruption cover may help your business survive. This section provides protection against loss of income and additional expenditure where your business is interrupted following damage like a fire or storm.
Fire and Perils
Under this section of the business policy, you can insure your assets and the assets of others which you are responsible for. Cover can include fire, lightning, aircraft, sonic boom, earthquake, storm, tempest, rainwater, wind, water, riot, civil commotion, strikes, vandalism, explosion, impact by vehicles, impact by trees and accidental damage.
Under this section, you can insure your assets and the assets of others, which you are responsible for. Cover, can include destruction, loss or damage caused by: theft or attempted theft, following forcible and violent entry or theft consequent upon threat of immediate violence or violent intimidation.
Provides cover for replacement cost of either external glass or internal glass, or both. Also allows cover on specified glass such as signs etc.
Money can be insured against theft as well as loss, destruction or damage caused by an accident. Money may be insured:
- In Transit
- On premises during normal business hours
- On premises outside normal business hours
- Whilst contained in a securely locked safe or strongroom
- In Private Residences
Provides cover against fraud or dishonesty by your employees, which results in a direct loss of money negotiable instruments or goods.
Covering breakdown or pressure, mechanical, electrical and electronic equipment, such as refrigeration equipment, electric motors, air conditioners, cash registers and machinery. Cover can include deterioration of refrigerated stock, loss of business income and the cost of hiring in temporary replacement equipment.
Cover includes damage to Computer Systems and Electronic Equipment and Breakdown. This section can be extended to include temporary removal from your business address, breakdown, reinstatement of data costs following insured damage, temporarily hiring in replacement equipment and accidental or malicious erasure of data.
This insurance covers costs incurred by your accountant or registered tax agent (after receiving notification from the Australian Taxation Office) in conducting an audit or investigation in relation to your liability to pay tax.
Cover for your goods/stock whilst in transit.
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As a Steadfast insurance broker we are part of the largest general insurance broker network in Australasia, with specialists who can make sure you have the right cover to suit your business.