Business Building and Contents

Material Damage

Material Damage covers your business against accidental damage to property insured that it not otherwise excluded. With this cover, you can rest assured that your critical assets are protected, enabling you to rebuild your business.

Does Material Damage offer additional or optional benefits?

As well as cover for your building, contents and stock, your business can benefit from:

• Exploratory expenses, which covers the reasonable costs incurred (up to $25,000) to detect the point of bursting, leaking, discharging or overflowing or fixed apparatus, fixed tanks, fixed appliances or fixed pipes that has caused damage to insured property.
• Firefighting and authority costs, which covers the cost incurred (up to $25,000) to refill fire-fighting appliances used in putting out a fire at or adjoining the business premises that is threatening insured property.
• Make safe and temporary repair expenses, which covers the cost incurred in ensuring the insured property is safe following damage, including temporary repairs, shoring up, propping and/or underpinning.
• Fees and costs, which covers reasonably incurred costs to reinstate insured property that is damaged (such as local authority permit).
• Flood cover; which is an optional benefit and subject to our underwriting criteria.

Refer to the Material Damage Section of the PDS for further details. Cover is subject to terms, conditions and exclusions listed in the PDS.

The above descriptions of cover apply to the Small Business Advantage Pack only. The Office Pack and Trades and Services Pack can contain different covers, limits and exclusions, and are not available for purchase online.

All covers purchased online are from the Small Business Advantage Pack

Glass

Every business has a varying need for glass insurance. From windows to advertising signs, we have plenty of options to help meet the needs of your business in case glass is accidentally broken.

Internal glass includes:

• Covers items such as glass showcases or shelves, and ceramic vitreous china urinals and toilet pans and hand basins.

External glass includes:

• Cover fixed glass and/or perspex, as well as plastic materials used in external windows, doors and skylights.

Additional benefits of Glass cover:

We will pay the cost incurred by you (up to $10,000 for any one event) for the following:

• Effect temporary repairs, install shuttering and employ watchmen or guards.
• Repair or replace frames, sign-writing, and tiled shop fronts, that are damaged as a result of glass breakage.

Refer to the Glass Section of the PDS for further details. Cover is subject to the terms, conditions and exclusions listed in the PDS.

The above descriptions of cover apply to the Small Business Advantage Pack only. The Office Pack and Trades and Services Pack can contain different covers, limits and exclusions, and are not available for purchase online.

All covers purchased online are from the Small Business Advantage Pack

Money

You work hard for your money – our range of policies work hard to help keep it safe.

How can I cover my business cash?

You can choose to be covered for loss of money contained at the business premises during business hours, contained in a locked safe or strong room, while in transit, or while in your custody – up to the applicable sum insured.

Select from the following options:

Money in transit:

• Money in transit to or from your business premises;
• Money contained in the night safe of any bank; and
• Money drawn as wages and salaries, until it is paid to employees.

Money contained at the Situation outside Business Hours:

• Money contained at the business premises and which is stolen outside of business hours, when not contained in a locked safe or locked strongroom.

Money contained at the Situation during Business Hours:

• Money contained at the business premises and which is stolen during business hours, when not contained in a locked safe or locked strongroom.

Money in a Locked Safe or Strong room:

• Money contained in a securely locked safe or strongroom, which occurs at any time or location.

Money in your custody:

• Money kept in your personal custody, in your own private residence, or in the custody of an authorised person in their private residence until the next business day when it can be deposited.

Damages to safe and strongrooms:

• Damage to safes and strongrooms caused by theft of money (up to $5,000).

Additional benefits include:

• Clothing and personal effects that are lost or damaged during the theft of money, up to $2000 any one person and $5000 in total for any one event.
• Death following assault while attempting to protect money from theft, of $10,000 (payable to the estate of the deceased person).
• Replacement of keys, locks and combinations of a safe or strongroom, which is required as a result of theft of money (provided you have selected cover for ‘Money in a Locked safe or Locked Strongroom). Cover is up to $5000 in total during any one period of insurance.
• Seasonal increase – Increase the sum insured for money by 50% during the lead up to and after peak holiday periods (eg. Christmas and Easter).
• The cost of effecting temporary repairs and appointing watchmen to safeguard the business premises after loss of money. Cover is up to $5000 in total for any one event.
• Theft, fraud or dishonesty by your employees. Cover is up to $1,000 in total during any one Period of Insurance provided the loss is discovered within 21 days.

Refer to the Money Section of the PDS for further details. Cover is subject to the terms, conditions and exclusions listed in the PDS.

The above descriptions of cover apply to the Small Business Advantage Pack only. The Office Pack and Trades and Services Pack can contain different covers, limits and exclusions, and are not available for purchase online.

All covers purchased online are from the Small Business Advantage Pack