Insurance Services
A COMPREHENSIVE APPROACH TO PROTECTING YOUR BUSINESS
Risk Review and Analysis
The cornerstone of robust business protection is a comprehensive understanding of your risks. We collaborate with you to identify, explore, and prioritise your core insurable risks.- Insurable Risk Review and Risk Management Review: Detailed examination of all insurable risks and management practices.
- Analysis of Total Cost of Insurable Risk (TCOIR): Assessment of the comprehensive cost associated with insurable risks.
- Survey Valuations and Expert Reports: Conducting necessary valuations and acquiring expert reports to support risk evaluation.
- Risk Tolerance and Appetite Consultations: Assessing and advising on your organisation’s risk tolerance and appetite.
Gap Analysis
We offer in-depth stress testing of your current insurance program to uncover potential cover gaps and areas for policy enhancement.- Insurance Policy Coverage Review: Evaluation of existing insurance policies to identify gaps and overlaps.
- Insured/Uninsured Risk Register: Development of a comprehensive register to track and manage insured versus uninsured risks.
- Industry Benchmarking: Comparison of your insurance coverage against industry standards to ensure competitive and adequate protection.
Claims Management Review & Retention Analysis
Understanding your unique risk appetite is key to effective claims management. We analyse past claims and explore alternative options to refine your approach.- Review of Previous Claims Activities: Analysis of past claims to evaluate procedures and outcomes.
- Risk Appetite and Tolerance Discussions: Dialogue to understand and define your organisation's risk tolerance and appetite.
- Claims/Incidents Analysis and Reporting: Detailed analysis of claims and incidents, including trends and forecasts.
- Legal Opinions from Specialist Insurance Lawyers: Access to expert legal opinions as needed to address complex issues.
Program Strategy and Design
Insurance should evolve with your business. We partner with you to regularly review and strategise your insurance program for both short and long-term goals.
- Renewal Strategy Meetings: Strategic meetings before renewal to plan and adjust your insurance program.
- Insurer Selection Reviews: Evaluation of insurers to ensure the best fit for your needs.
- Program Structure Reviews: Assessment of program limits, deductibles, and other structural options.
- Review of Underwriting Information and Risk Management Frameworks: Comprehensive review to align underwriting and risk management practices with current needs.
Marketing and Placement
We help you craft an effective insurance market engagement strategy to secure the best program for your needs.
- Underwriter Presentations: Presentation of your insurance needs to underwriters to obtain optimal coverage.
- Placement Strategy Development: Formulation of a strategic approach to insurance placement.
- Detailed Renewal Reports: Preparation of thorough renewal reports with suitable options, recommendations, and advice.
Hands-on Partnership
As your dedicated insurance partner, we integrate with your team to provide support and ensure the best outcomes.
- Motivated and Skilled Client Service Team: Access to a dedicated team focused on delivering exceptional service.
- Embedded Support: Active involvement in your business at critical times to achieve optimal results.
- Ongoing Education and Industry Updates: Regular educational sessions and updates on relevant industry developments.
PRODUCTS & SERVICES
Business Insurance
Business insurance protects a business against loss or damage to property arising from an unforeseen insured event and/or accidental damage. Whether you are a sole trader, a small business, or a large corporation, each business insurance policy is customised to meet your specific requirements.
Industrial Special Risks (ISR) / Property Insurance
An Industrial Special Risks (ISR) insurance policy provides tailored coverage to meet the specific needs of large and complex businesses, ensuring robust protection against risks that could impact their operations and financial stability. It typically protects physical assets such as property, buildings, machinery, stock, and materials against perils like fire, storms, theft, vandalism, and business interruption.
Business Interruption Insurance
Covers lost income and ongoing expenses if your business is interrupted by a covered event, such as a fire, storm, or other major incidents that impact your business operations financially.
Liability Insurance
Liability insurance protects your business if you’re held responsible for causing injury or damage to others or their property. In addition to settlements or judgments resulting from lawsuits, it can also cover related legal fees, defence costs, and expenses.
Professional Indemnity
Professional indemnity insurance protects your business from claims of negligence or mistakes in the services or advice you provide. If a client alleges that your work caused them financial loss, this insurance helps cover legal fees, settlements, or damages. Importantly, with the rapid evolution of modern business, this coverage is no longer limited to traditional professions like engineers, accountants, doctors, lawyers, architects, and finance brokers.
Directors & Officers / Management Liability Insurance
Management Liability Insurance protects directors, officers, and senior managers from claims related to their management roles. It covers personal legal costs and damages for issues like mismanagement, breaches of duty, or regulatory violations. The policy can also include coverage for the company itself, employment practices issues, crime-related losses, and statutory defence costs. This insurance ensures both personal and business financial protection against the risks of legal claims and regulatory actions.
Cyber Insurance
Cyber insurance protects businesses from financial losses due to cyberattacks or data breaches. It covers costs related to data breaches, such as notifying affected customers, legal fees, and regulatory fines. It also helps with expenses for restoring data, recovering from business disruptions, and managing public relations. Essentially, cyber insurance helps mitigate the financial impact of cyber incidents, including hacking, ransomware, and other cyber threats.
Motor Insurance / Commercial / Heavy Motor Insurance
Motor Vehicle Insurance protects against financial losses from accidents, theft, and damage to vehicles.
Plant & Equipment Insurance
Plant and equipment insurance covers registered and unregistered machinery, including bobcats, earthmoving equipment, mining machinery, farming tools, and cranes. It provides financial protection for repair or replacement costs if the equipment is damaged by fire, theft, vandalism, or accidents. The policy may also offer compensation for lost income due to equipment downtime.
Contract Works
Contract works insurance covers damage to construction projects during the building phase. It protects against losses from events like fire, storm, theft, or vandalism affecting the construction site, including materials and unfinished structures. The policy also typically covers legal liabilities for damage caused to third-party property or injury to people during construction.
Workers' compensation
Workers' compensation is compulsory for all Australian employers and covers employees who suffer work-related injuries or illnesses. This includes full-time, part-time, and casual workers, regardless of their contract type. The insurance provides financial support for medical expenses, rehabilitation, and lost wages. It also offers compensation for permanent disabilities and benefits to families if a worker dies due to a work-related cause. Each state and territory regulates and administers its own workers' compensation scheme, so coverage details may vary.
Corporate Travel / Group Journey
Corporate travel and journey insurance covers business travellers against risks while on work-related trips. It typically includes protection for medical emergencies, trip cancellations, lost luggage, and travel delays. This insurance also covers unexpected events like accidents or illnesses that occur during the trip.
Marine Transit / Marine Hull Insurance / P&I Commercial
These tailored policies provide versatile, comprehensive coverage, including Commercial Hull Insurance for vessel damage, Protection and Indemnity Insurance for legal liabilities, and Marine Cargo Insurance for loss or damage to goods in transit.
Farm Insurance
Farm insurance protects agricultural operations against risks such as property damage, equipment loss, and livestock injury. It covers physical assets like houses, sheds, machinery, and crops, as well as liability for accidents on the farm.
Strata Insurance
Strata, Body Corporate, and Community Association Insurance is compulsory in Australia and provides coverage for property damage to buildings and shared areas. It protects against risks such as fire, storm damage, and vandalism, and includes catastrophe cover, rental loss compensation, alternative rental costs, public liability, and breakdown costs. Additionally, it covers office bearers and voluntary workers.
Domestic Insurance
Our personal insurance solutions offer a thorough approach to safeguarding individuals and families from financial setbacks due to unexpected events. Our services encompass Home and contents Insurance, Landlord's Insurance, Private Motor Vehicle Insurance, Personal Valuables Insurance, Caravan Insurance, and Pleasurecraft Insurance.