Business Packs

CONTENTS / PROPERTY BUSINESS PACKS

Contents / Property Business Packs
There are many elements to a business pack and individuals can select all or just some of them components to protect their operation. These insurance policies also known as a  ‘bizpack’ are designed to provide owners of small and medium-sized businesses an easy and affordable way to secure general protection against the main risks involved in running a business. Depending on your industry and specific business activities, you may also need to arrange other types of insurance. For example, a business package does not include workers compensation or professional indemnity cover.

Many landlords are including glass breakage as part of their lease agreements and this is not cost effective to purchase on it's own. When you bundle it with a number of the key areas below to can find a sweet point in protection and meeting your budget. Our personalised broker service is about explaining the most important areas to include and other ones of lesser risk that could be put under as 'self-insured'.

Material Loss or Damage

Designed to help cover the physical loss or damage to your business assets (e.g. building, contents and stock), at your premises from certain sudden, unexpected or unforeseen occurrences or perils (e.g. fire or storm damage). Note that flood cover is typically excluded from standard products.

Business Interruption
Lost income, profits or turnover if your gym / martial arts school has to close due to unforeseen events, including a storm or fire can be covered. You may need to rent temporary premises to continue operating and cover wages in down time and all this can be included in support.

Glass
This is generally set up as replacement of glass accidentally broken rather than a set amount. As each facility will vary in how much glass space they have but whatever that dimension is, it will covered both internally and externally as requested.

Theft
Businesses are covered for a loss caused by theft of property items insured in your premises, such as your stock or equipment. Items maybe required to be repaired or the amount they are insured for, will be paid.

Burglary

Helps cover loss of your contents and stock due to theft from forcible and violent entry to your premises.

Equipment
Will vary from one martial arts school / gym due to floor space and equipment used. Such items as training mats, gym / cardio machines could be damaged via storms or stolen. The same can be said for electronic equipment such as computers / tv screens etc.

Machinery Breakdown

Designed to help cover mechanical breakdown of machinery equipment at your premises (e.g. air-conditioning units, refrigeration equipment).

Money
Although having large amount on premise is less likely these days with the high use of credit cards and direct debit membership processing companies. Money stolen during business hours, or outside business hours can be covered while in transit or held your private residence.

Employee Dishonesty

Designed to help cover loss of money or contents caused by theft, fraud or dishonesty by your employees.

General Property
This covers the actual building from storm, fire or malicious damage and other hazzards. Those operators that lease facilities generally don't need to obtain an actual policy for this as the owner normally has one in place.

Commercial Motor

Helps cover the cost of damage to a business vehicle or third party property in the event of an accident.

Goods in Transit

Designed to help cover the loss or damage to goods and stock that your business buys, sells or uses whilst they are in transit, in a vehicle owned or operated by you.

Examples of other typical exclusions:

- Fraud or dishonesty

- Cyber incidents

- Flood damage

For more information about exclusions, deductibles, excesses and limits that may apply to your specific policy, speak to your insurance broker or read the product disclosure statement. 

Public and Products Liability

A general Public liability element can be added to a BizPack, but for the martial arts / fitness industry it has to be a specific type. Ask your broker to discuss this. This cover helps a business if it incurs legal costs because a third party (e.g. customer or member of the public) sustains property damage or personal injury due to the small business’ operations and negligence. Product liability helps protect a business if it has sold, supplied or delivered goods which have caused injury, death or damage.


This the ideal time to get an Insurance Health Check to make sure you can cover everything you need and don't cover items that are not required.

24/7 Broker Hotline (Available For Urgent Matters) 03 8201 9908 Phone: 03 8201 9908 

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