Commercial Property Insurance
Commercial property insurance is important for everyone who runs a business with assets that could be severely damaged by natural disasters or malfunctions.
If something goes wrong and you need to repair or replace your buildings, tools, equipment, or stock, the expense of repairing or replacing them could be substantial.
Commercial Property Insurance can assist cover these expenses and keeping your business running.
Commercial Property Insurance typically provides cover for:
- Natural disasters.
- Fire, flood and accidental damage.
- Machine malfunction.
- Loss of rental income.
Professional Indemnity Insurance
Businesses that provide opinions, advice and designs or specifications may face claims if their advice or designs is poor.
Even if you are not at fault, you may have to pay considerable legal fees to demonstrate that the liability is not yours.
Professional Indemnity Insurance protects against the danger of making a professional error, such as an act, error, omission, or something that is misread.
Professional Indemnity Insurance typically provides cover for:
- Wrongful act, mistake or omission.
- Misleading or deceptive behaviour.
- Unintentional infringement of intellectual property.
- Defamation.
- Fraud and deception.
- Defense expenses.
- The cost of attending court.
- Lost documents.
Public Liability Insurance
Public Liability insurance protects your business in the event of an unforeseen incident. It covers public claims made in connection with your company’s day-to-day operations.
If you have public liability insurance, you can pay compensation for unwanted and unforeseen physical harm and property damage caused by your products or services. It can include everything from minor workplace occurrences to major accidents.
Public Liability Insurance typically provides cover for:
- Payments for third-party injuries or even death.
- Costs of repair or replacement for damaged goods or possessions.
- Medical attention or an ambulance despatch.
- Legal fees incurred when defending any of these claims.
- Faulty employment, for firms engaged in the trades.
- Personal injury or property damage resulting from free advice, services, or training.
Product Liability Insurance
Product liability insurance protects your company from claims of personal injury or property damage caused by products sold or supplied by your company.
If you sell, supply, or deliver products to the general public, you must have product liability insurance.
Product Liability Insurance typically provides cover for:
- Compensation payments for third-party injury or even death.
- Costs of repair or replacement for damaged goods or possessions.
- Medical treatment or an ambulance dispatch.
- Legal fees incurred in defending against any of these allegations.
Cyber Crimes Insurance
Almost every firm relies on technology. As a result, data protection and network security are major concerns for all businesses.
Hackers make no distinctions, and anyone with a website, computer, email account, phone, or EFTPOS device is a potential target for cyber criminals.
Cyber Insurance can assist businesses with managing and recovering from cyber liabilities such as ransomware, a virus, malware infection, DDoS (denial of service) assault, data loss, and privacy violations.
Cyber Insurance can cover lost business income and assist you to minimise reputational harm following an assault.
Cyber Crimes Insurance typically provides cover for:
- Loss of business income.
- Forensic costs
- Extortion costs incurred as a result of the threat of a ransomware attack.
- The cost of restoring the network.
- Costs associated with replicating/replacing lost data.
- Public relations costs to minimise reputational damage.
