Insurance Checklist

(To shade areas where insurance has been arranged, highlight cell or row and then click “Format” “Borders & Shading” “Shading” and click on Shading Box required. These instructions will not print on any documents.)

Introduction

This Insurance Checklist is designed to highlight to you the types of insurance covers that we have arranged (Shaded) and those that we have not arranged and are available within the Australian insurance market (Not Shaded). In some cases we are not authorised to arrange some of these covers but are able to refer you to other Financial Services providers that will be able to assist you.

Many of these insurance covers below may not be relevant to your business however we would recommend that you review the list to ensure that you have instructed us to arrange all of the covers relevant to your risks. You should also ensure that the scope and sums insured in your selected insurance covers meet your ongoing requirements.

Cover Name / Risks Arising out Of / Assets or
Staff / Profits / Liability /
Accidental Damage / Accidental, unforseen and fortuitous events (usually to a limited value) / N/A
Advanced Profits / A project or construction that produces a loss of future earnings. / N/A / N/A
Association / Operating an association, not for profit group, social committee, and unincorporated organisation.
Audit / Complying with audit requests from ATO, ASIC, etc. / N/A / N/A
Aviation / Owning or operating planes, airstrips, airports etc.
Bloodstock and Livestock / Owning, breeding, rearing horses, cattle, sheep and any other animals / N/A
Boiler Explosion / Explosion of a pressure vessel such as boilers.
Builders Warranty / Coverage for liability attaching to a completed building for rectification etc. / N/A / N/A
Burglary/Theft / Armed hold up, break-in, theft, shoplifting etc / N/A / N/A
Cancellation or Abandonment / Unavoidable events such as weather, rain (pluvius) or non appearance of performers etc. / N/A
Care Custody Cover / Physical loss or damage to customers or clients goods whilst in your control / N/A / N/A
Consumer Credit / Inability of consumers to repay credit obligations. / N/A / N/A
Contract Works / Building, extending or renovating a building, road, car park etc., may include plant and equipment, Liability, Advanced Profits,
Corporate Travel / Employees travelling on company business. / N/A / N/A
Credit / Failure to collect debts due to loss of documentation or insolvency of debtor. / N/A / N/A
Crop / Hail or fire to plants while growing / N/A / N/A
CTP / Compulsory Third Party Motor Liability cover / N/A / N/A
Cyber Crime / Third parties attacking /damaging your IT system / NA
Directors & Officers / Wrongful act whilst acting as a Director or Officer of the business. / N/A / N/A
Electronic Equipment / Computers, laptops, printers, loss of data etc / N/A
Employment Practice / Acts or omissions relating to the employment and dismissal of employees / N/A / N/A
Engineering / Electrical / Mechanical Plant (including Boilers / Pressure Vessels, Computers & Electronic Equipment, Hired in Plant, Oil Storage Tanks, Chimneys, Lifting Equipment, Lifts, Change of temperature / refrigerated assets, Works Damage, Material Damage Business Interruption , Machinery Movement, Machinery Installation, Consequential Loss / Advance Profits
Fidelity / Loss of money or assets due to theft by staff / N/A / N/A
Fire and Perils / Fire, lightning, windstorm, earthquake, water damage etc / N/A
General Property / Loss of equipment such as laptops, briefcases etc whilst away from business premises / N/A / N/A
Glass / Windows, skylights, mirrors, signs inside and outside / N/A / N/A
Government Risk / Assets being seized or impaired by government. / N/A
Home / Residential building and contents / N/A
Industrial Special Risks / Accidental damage to assets / N/A
Jewellery / Operating within the jewellery or precious metals industries/occupations / N/A / N/A
Journey Cover / Injuries during journeys of workers typically between their home and work. / N/A / N/A
Key Man/Shareholder / Death, injury or illness to important directors, management or shareholders. / N/A / N/A
Kidnap, Ransom, Extortion and Product Tamper / Seizure of or threats against company assets, products or staff. / N/A / N/A
Labour Risk / Strikes or industrial actions. / N/A
Landlords / Cover tailored for owners of residential property that is rented out.
Legal Expenses / In defending or pursuing legal proceedings associated with specific activities. / N/A / N/a
Libel and Slander / Defamation of third parties / N/A / N/A
Life Insurance / Death or disablement provided by Life Insurance companies
Machinery Breakdown / Failure of machinery requiring repair or replacement. / N/A
Make Up Pay / Liability to pay difference between Workers Comp benefits and union award. / N/A / N/A
Marine / Owning, operating, building, repairing boats, ships, containers and vessels and associated equipment and activities including stevedoring.
Money / Cash, cheques or negotiable securities. / N/A / N/A
Motor / Registered cars, trucks, prime movers, delivery vans, trailers, Liability for employees vehicles etc. / N/A
Overseas Workers Compensation / Employees working outside of Australia. / N/A / N/A
Performance Guarantees / Failure to perform, produce act similar to a bank guarantee. / N/A
Personal Accident and Illness / Death, injury or illness to staff / N/A / N/A
Personal Valuables / Items such as watches, jewellery, handbags, wallets, valuables etc / N/A / N/A
Plant & Machinery / Unregistered mobile plant, fork lifts, excavators etc
Pluvius / Rainfall causing cancellation / rearrangement of event / N/A / N/A
Product Recall / Costs of recalling defective products. / N/A / N/A
Professional Indemnity / Professional acts or omissions of the business causing financial loss to others. / N/A / N/A
Public and Products Liability / Physical loss or damage to property or people due to business activities or products. Including:
Property Owners, Tenants, Property in Care Custody and Control, Contractual Liabilities, Hold Harmless, Construction, Completed Operations, Labour Hire / N/A / N/A
Salary Continuance / Loss of ability of staff to earn an income, usually after other leave entitlements have been exhausted. / N/A / N/A
Tax Audit / Covers costs to respond to ATO audit of taxation affairs / N/A / N/A
Terrorism / Terrorist related damage to property and business operations. Typically included as part of property insurance policies. Cover provided by Australian Reinsurance Pool Corporation. / N/A
Transit / The movement and incidental storage of goods, stock, materials etc / N/A / N/A
Travel / Death, injury or illness to staff whilst travelling including baggage and other costs. / N/A / N/A
Umbrella Liability / Exposures not covered or with limited cover by other Liability Policies / N/A / N/A
Warranty / Failure of equipment (after manufacturers warranty expires.) / N/A / N/A
Workers Compensation / Statutory requirement to provide injury and illness cover for workers, may extend to include Extra Territorial and Journey Covers / N/A / N/A

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