When you're running a business, you may be personally liable for any actual or alleged breaches of the Corporations Act. And it's not just large companies that are exposed - small and medium business owners and officers could be at risk as well.
Management liability insurance covers the costs of defending directors, managers and employees against any claims that are a result of their actions or decisions.
Anyone can make a mistake - but if your business is found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business' hard-earned reputation may be damaged as a result.
That's why professional indemnity insurance matters - for help protecting your assets and brand if your advice or insurance causes a client to take legal action against you.
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.
While the aviation industry has stringent safety standards, flying carries some serious risks - both on land and in the air. So whether you're a private pilot or you fly as part of an airline, it's important to protect your business with aviation insurance.
With the right aviation insurance, your business can be covered for risks such as aircraft damage, third party, passenger injury or third party property damage claims.
A business takes years to build - but an accident or disaster could distroy it all in minutes. That's why businesses should help protect themselves with a quality business insurance pack.
With the right cover in place, owners can run their business with confidence, knowing that their premises, stock, equipment and reputation are protected by insurance.
Contract Works Insurance
When you're working on a construction site, plenty of things can go wrong. Damage or loss to a building could cost you time, money and even your reputation. Meanwhile, an onsite injury can result in considerable pain, stress and financial loss.
That's why having the right amount and type of contract works insurance is an important part of your business toolkit, allowing your to get on with the job with less stress and worry.
Whether you've organised a one-off corporate function or a large-scale festival, you'll know just how stressful arranging an even can be. There are so many things out of your control, including weather, ticket sales and even the behaviour of your attendees.
That's why you should help protect yourself and your business with a tailored events insurance policy. With the right insurance, you can safeguard yourself if things don't go to plan - allowing you to run your event with confidence.
Working on the land brings many rewards - but just as many risks. As a farm owner, you're vulnerable to bushfires that can destroy livestock or damage your buildings and other property; machinery breakdown which can cost you time and money; personal illness or a serious accident; or even a claim from a guest injured on your property.
That's why farm insurance can help protect your farm and its produce, and the wellbeing of you, your family and the people that pass through your property.
Marine Transit Insurance
If your business takes you across the seas, you can be exposed to risks from mother nature, misadventure and even piracy.
Such risks can prevent your commercial vessel, cargo or truck from reaching its destination, or cause costly damage during the voyage.
Marine transit insurance refers to a range of insurance products which help protect your business from loss or damage to vessels and cargo. It can cover the door to door delivery of goods worldwide, by sea, road, rail and air - including their storage on the way.
Most professionals take an office pack cover, which is very similar to a “business pack” cover, but is designed more for business professionals in an office environment.
Trade Credit Insurance
If you trade or sell goods on a credit basis, you're at risk of bad debt or non-payment by customers. This can disrupt your cashflow and leave you out of pocket.
Trade credit insurance is important for protecting your income and business assets against potential customer failure. With the right cover, you can grow your business confidently, knowing you can be protected if things go wrong.
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