A COMPREHENSIVE APPROACH TO PROTECTING YOUR BUSINESS
Risk Review and Analysis
The first step to truly protecting your business is to fully understand the risks it faces. We’ll work with you to explore and then prioritise your core insurable risks.
• Insurable Risk Review and Risk Management Review
• Analysis of Total Cost of Insurable Risk (TCOIR)
• Survey valuations, and other expert reports where required
• Risk tolerance and appetite consultations.
Gap Analysis
As required, we can stress test your current insurance program to identify any changes, potential cover gaps and areas where new policies should be considered.
• Insurance Policy Coverage Review
• Insured/Uninsured Risk Register
• Industry benchmarking.
CLAIMS MANAGEMENT REVIEW & RETENTION ANALYSIS
Every business has a different risk appetite. We’ll help you better understand yours and investigate alternate options where necessary.
• Review previous claims activities with a focus on procedures and outcomes
• Discussions around risk appetite and tolerance
• Analysis and reporting of claims/incidents with detailed trends and forecasts
• Facilitate legal opinions from specialist insurance lawyers as required.
Program Strategy & Design
Insurance should never be ‘set and forget’. We can work with you to regularly review and explore short and long-term program strategies and cost-effective alternatives.
• Pre-renewal and strategy meetings
• Insurer selection reviews
• Program structure reviews e.g. limits, deductible and program options
• Review of current underwriting information and risk management frameworks.
Marketing & Placement
In partnership with your key business units and/or management team, we can help you develop an effective insurance market engagement strategy to achieve the preferred program.
• Underwriter presentations
• Develop placement strategy
• Detailed renewal reports outlining suitable options, recommendations and advice.
Hands-on Partnership
As your dedicated insurance partner, we function as an extension of your own team, working closely with you to assist as and where required.
• Motivated, highly-skilled and consistent client service team
• Hands-on, embedded in your business at key times to ensure optimal outcomes
• Ongoing education sessions and relevant industry updates.
PRODUCTS & SERVICES
Business Insurance
Business insurance represents a viable risk transfer solution protecting against loss or damage to property arising from an unforeseen insured event and/or accidental damage. Whether you are a sole trader, small business or large corporation, each business insurance policy is customised to meet your specific requirements.
Business Interruption
From your family and employees to customers and suppliers, there are a lot of people who are dependent on your business. Have you ever considered what would happen if you were unable to operate due to crucial assets being damaged or destroyed by a major event like fire, flood, significant storm damage or an earthquake?
Directors & Officers Liability
If you have a small to medium-sized private company, you could be protected by a policy that covers claims from a wide range of management liabilities, such as; directors and officers liability, company reimbursement, company liability and employment practice liability.
Workers Compensation Insurance
Workers’ Compensation is compulsory for all Australian employers. It provides protection to workers if they suffer a work-related injury or illness. Any business that employs or hires workers on a full-time, part-time or casual basis, under an oral or written contract of service or apprenticeship, must have workers compensation insurance that covers their workforce. State and Territory governments regulate the workers’ compensation scheme in their state and, as such, the schemes are often administered in different ways.
Professional Indemnity
This specialised area of insurance covers liability arising from the ‘professional services’ provided by a business. Importantly, as the nature of modern business continues to change rapidly it’s no longer only for traditional occupations such as Engineers, Accountants, Doctors, Lawyers, Architects and Finance Brokers.
Public & Products Liability Insurance
Public Liability insurance is one of the most common insurance policies taken out by businesses of all sizes and across diverse industries. It covers legal liability for personal injury or third-party damage caused by an employee or by the business during the course of business activities. It can also cover related legal fees, defence costs and expenses.
Contract Works Insurance
You need contract works insurance in place before a peg is put into the ground. Many things can go wrong where building works are involved, whether that be at excavation or even completion stage of any project. This insurance is designed specially to provide any physical damage as well as loss of building materials, fire and malicious damage.
Industrial Special Risk Insurance
Industrial Special Risks Insurance is a broad form of cover designed to protect high-value physical assets such as property, buildings, stock, materials, plant and machinery. Protecting you against damage, theft and other consequential loss claims, it delivers a more comprehensive level of indemnity than many business pack insurance policies. This makes it generally suitable for larger-sized businesses with assets and/or multiple properties, valued over $5 million.
Plant & Equipment Insurance
If you have mobile plant and equipment, we can arrange to ensure this plant and equipment is properly insured to protect both the equipment but importantly also the liabilities associated with its use. This product is designed to cover the smallest earthmoving machine though to the largest fixed or mobile crane as examples. This product is designed to cover everything from the smallest of earthmoving machines though to the largest fixed or mobile cranes – and everything in between.
Marine & Hull Insurance / P & I Commercial
This uniquely flexible type of insurance can provide multiple levels of cover from Commercial Hull cover, including Protection and Indemnity Insurance and physical loss of goods during transit.
Cyber Insurance
In the past two decades the global proliferation of digital technology, and unscrupulous figures seeking to exploit it, has seen cyber risk become one of the leading risk factors for businesses.