Liability Insurance
Liability insurance protects businesses of all shapes and sizes against mistakes made by both management and employees. Sydney Insurance Brokers offers several types of cover that will protect you financially in the event of occurrences ranging from third party injuries to employee lawsuits.
What is the difference between public and general liability?
General liability is combination of public and products liabilities.
General Liability covers the individual, a business and related entities (including property) for personal harm, suffering and loss resulting from general malfunctions, or injury resulting from a reasonable breakdown of the supply chain or equipment. In some cases, it can also cover property damage on part of a tenant.
Public Liability insurance deals with covering a defendant against claims of negligence that occurred reasonably within the normal course of business activity (less specific than general liability and primarily concerned with insuring against ensuing court costs).
Commercial
Property insurance
Property insurance is essential to protect your business premises in the event of a disaster such as a fire or flood. With the right property insurance you will be back in business faster if your premises suffers damage in consequence of an insured event
Business
interruption insurance
In the aftermath of a disaster your business may be out of operation for a period of time. Business interruption insurance can cover a portion of the costs incurred if your business activities are interrupted due to a specified event.
Electronic equipment
breakdown insurance
Most businesses these days rely on electronic equipment, and a breakdown can be costly. Electronic equipment breakdown insurance is designed to cover the cost of repairing or replacing your equipment or of temporarily hiring replacements so that your business can continue to function.
Money
insurance
Money insurance protects businesses against the loss of money in the form of cheques, cash, travellers’ cheques, money orders and credit card slips. This type of loss might be incurred in transit between the business premises and the bank, or during the day at the business premises.
Glass
insurance
Glass insurance covers damage or loss to glass windows, signs and any glass showcases at your business premises due to an insured event like vandalism or fire.
Burglary
insurance
Loss of your property or stock due to theft can cause serious problems. Burglary insurance can cover you for property that is stolen and allow you recoup costs so your business isn’t significantly affected.
Machinery
breakdown insurance
Machinery breakdown insurance is for losses incurred from the breakdown of machinery, including replacement costs if deemed necessary. It’s important cover to have if your enterprise relies on one or more vital pieces of machinery.
General
property insurance
General property insurance usually covers portable property, including laptop computers and mobile phones. General property options can include cover for loss or damage to property when it is not on your business premises. If you have any questions at all about your business insurance needs, or would like a no-obligation insurance quote, please contact us today.
