Most commercial property insurance contracts have what is known as a Co-Insurance or Under Insurance clause; which allows an Insurer to penalise a client who under-insures. The principle is to encourage clients to fully insure and to penalise those that don’t.

Directors and officers face both personal & corporate liabilities in managing a company and can be held personally liable. • Claims can often arise from actual or alleged breaches of the Corporations Act, which regulates company law in Australia or other legislation such as the new and ever changing Privacy Act. With respect to Management Liabilities this can extend to other legislation such as Occupational Health and Safety, Fair work Australia and Environmental Protections.

Is designed for professionals who provide advice, reports or a service to their customers. It is designed to protect you against legal costs and claims for damages to third parties which may arise out of an act, omission or breach of professional duty. Put simply Your organisation may provide a professional service/advice, recommendations or designs, or treatment, which your clients rely on or utilise. If there is a error made this could lead to a lawsuit. These policies will defend your reputation and if you are liable, will cover the adverse effects an error may have caused.

Cyber Event (Liability) Insurance provides cover when; company information (including client/supplier information) is inadvertently lost and becomes available in the public domain or stolen by Cyber hacker criminals. Cover also includes situations where malicious software holds your systems to ransom, or e-business transactions have been affected by your website being hacked.

Business interruption insurance (also known as Gross Profits insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster. In short it will cover the costs that continue even while your business is not running such as rent, wages, utilities and other fixed costs not directly associated in generating income.