OFFICE PACK
What is office pack insurance?
An office pack policy provides all-in-one protection for business owners who operate predominantly from an office. This includes industries such as medical and health, financial services, professionals, consultants and administrative services. It is very similar to a Business Pack however, insurers calculate the premiums according to the risk.
Who should consider office pack insurance?
Small to medium sized enterprises who operate and run their business from an office.
What can office pack cover?
Property damage
Repair or replacement of your buildings, contents or stock.
Business interruption
Loss of trading profit following insured damage to property and additional costs and expenses incurred during a claim.
Theft
Repair or replacement of property stolen.
Money
Loss of money.
Public or products liability
Your liability to pay compensation for personal injury and property damage as well as the costs involved in defending a claim triggered by the policy.
Glass
For replacing glass inside or outside your premises, including your shopfront windows, mirrors or display cases.
Transit
For stock that is in transit on the road, in the air or by sea.
Electronic equipment breakdown
For repairing or replacing electronic equipment that breaks down.
Machinery breakdown
Cover for costs associated with machinery breakdown.
General property
To cover your tools of trade, including laptops and tools that you use for your profession or trade.
Tax audit
To cover the costs of being audited by the ATO.
Employee dishonesty
Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.
Employment practices
Covering financial expenses arising from a claim made against you alleging a wrongful act during the period of insurance.
Statutory liability
Covering any Official Investigations and inquiries, fines and penalties and pollution liability defence costs as imposed by a regulatory authority.
Management liability
Which comprises of four sections:
- Directors and officers liability
- Employment practices liability
- Crime
- Tax audit
Professional indemnity
Covers costs associated with claims made against you and your business for failure to provide a professional service including misleading or deceptive conduct, defamation or breach of any intellectual/industrial or trade secret as well as privacy breaches.