Protecting your Business Assets

How would your business cope if its assets were damaged or lost? Your business needs its property and assets, just to keep functioning. If anything does go wrong you need to be sure things can be restored so your business is up and running as soon as possible.

We can provide the following protection for your business:

• Commercial Packages – cover for your business premises, vehicles and equipment
• Property Damage Insurance – covers you for accidental loss or damage to your insured property at your business premises
• Business Continuity Insurance – covers you for lost business profit as a result of accidental loss or damage to your property
• Cyber Risk Insurance – covers your business, your clients and suppliers from a range of losses related to cyber hacking, including recovery and public relations
• Contract Works and Project Insurance – covers you for destruction, damage or loss of materials and buildings on site and includes additional costs of re-building
• Travel Insurance – covers you against delay, cancellation, theft, accidental loss or damage, kidnap, ransom
• Motor Vehicle Comprehensive Insurance – covers you against accidental loss or damage to your insured vehicles
• Other types of cover are also available including – Machinery Breakdown, Aviation, Credit Insurance, Hole in one.

Protecting your Rural Business

How would your farming operation cope if its assets were damaged or lost? Your farming business needs its property and assets, to keep functioning. If anything does go wrong, you need to be sure things can be restored so your business is up and running as soon as possible.

We can provide the following protection for your rural business:

• Farm Buildings and Assets – Loss or damage to your buildings, plant and machinery in the event of an unexpected insured event.
• Farm Vehicles – Comprehensive, Third Party Fire & Theft or Third Party only.
• Liability – Cover for your legal liability to pay compensation for damage to property or personal injury occurring from your farming operation.
• Machinery Breakdown – Accidental damage to machinery involved in your farming operation.
• Dwellings – Accidental loss or damage to your home on the farm.
• Domestic Contents – At and away from home cover for accidental loss or damage.
• Private Vehicles – Comprehensive, Third Party Fire & Theft or Third Party only cover.
• Pleasurecraft – Comprehensive cover for your boat or jetski.
• Premium Funding – Pay your premiums by direct monthly debit to ease your cash flow over a longer duration.

Protecting your Business and Professional Liability

Being in business can be challenging and rewarding. It requires dedication and resilience when things go wrong. Do you know how your business would cope if a legal claim was made against the business. If anything does go wrong you need to be sure you have the support of a strong professional risks protection programme that will provide you with a certain and predictable outcome.

We can provide the following protection for you and your business:

• Management Liability – cover for you and your managers in their exposures and risks in managing a business
• Directors and Officers Liability – cover for Directors and Officers for defence and settlements for alleged wrongful acts
• Employment Disputes – cover for alleged breaches of any employment agreement, Privacy Act or Human Rights Act by a current or former employee
• Statutory Liability – cover for defence costs and penalties connected with the business of the insured
• Professional Indemnity – cover for the advice and services you and your employees give to others
• Legal Defence – cover for you, your business and your employees in raising a defence under civil or criminal liability
• Public Liability – cover for accidental damage you or your employees cause to other persons or property
• Cyber Liability – end-to-end cover for your business for Internet-based risks, and from risks relating to information technology infrastructure and activities.

Protecting your Personal Assets

We can provide a variety of products to protect your personal assets. These include your home, contents, motor vehicles and boats.

We can provide cover for most of your major assets including:

• Home and contents – Protecting your home, household contents and personal effects from financial loss or damage in large events or small mishaps.
• Motor Vehicle – Comprehensive cover to protect you against damage to your vehicle or damage to other parties vehicles and property in the event of an accident. Third party cover for damage to third party vehicles. Third party, Fire & Theft for damage to third party vehicles and fire and theft to your own vehicle.
• Boat – Comprehensive cover for your boat or jetski for accidental loss or damage.
• Travel – Cover for overseas travel for you your business and your family.

Protecting your Life and Lifestyle

Life is all about taking little risks. But sometimes things can happen that change our lives for the worst. Protecting your life and lifestyle is all about being prepared for the unexpected, and making sure you and your family are looked after financially.

Here are some of the life and lifestyle insurance options available.

• Crisis Cover – Receive a lump sum if you suffer a major illness or injury
• Life Cover – Receive a lump sum payment when you die or if you become terminally ill
• Disability Cover – Receive a lump sum that will help make life easier if you become totally and permanently disabled and unable to ever work again
• Income Cover – Receive up to 75% of your income if you can’t work because of illness or accident
• Home Loan Cover – Covers your mortgage payments in the event of your death, illness or accident, and offers optional cover for redundancy and bankruptcy.

Secure your Family’s Future

Life Cover* is all about providing financial protection for your family should you die. As you become older your insurance needs change. Getting married, buying a new home or starting a family all come with additional financial responsibilities. With Life Cover, you can protect the lifestyle you and your family have worked hard to build.

Level Life Cover gives you certainty** of paying the same amount for your life cover for as long as you need it and helps to ensure that life cover is affordable later in life.

Level Life Cover – the right price for life

• Is the ability to budget important to you?
• Do you have long-term debts or commitments?
• Do you need life cover past your 60s and into your 70s and 80s?
• Are you worried about how much life cover will cost when you’re older?
• Is it important to you to be able to leave money for your spouse or partner?
• Is it important to you to create a legacy for your children?

If you have answered ‘Yes’ to any of these questions, Level Life Cover could be right for you.

*Eligible covers are for 10 years, or up to age 65, 70, 80, 85 or 100.

**Level premiums are not guaranteed and may change in some circumstances.

Protecting your Business

If your business lost an owner through death or major illness or you lost a key person that was critical to your business functionality, wouldn’t it be reassuring to know you were protected financially?

We can help you look at the risks your business might face and what you can do to protect it.

Protecting your Health

You don’t know when or how a health problem might affect you.

Protecting your health helps ensure you have immediate access to the right healthcare services when you need them. It provides an alternative way of paying for treatment so you can use private services and seek advice if the unexpected happens.

Many people find themselves unprepared when faced with illness or injury and may have to be away from work for extended periods whilst on a waiting list in the Public Health system. This not only impacts them financially but can have a major affect on their family.

Losing Key Staff

The loss of a key person – anyone who contributes to the revenue of your business – can seriously affect your ability to maintain your business’ value. It’s obviously difficult if the loss is through death or disability, but you also need to prepare for resignation and retirement. The loss of a key person can affect your business through;

• loss of revenue
• failure to meet financial obligations
• increased costs (such as recruitment)

Key Person Protection
All businesses should plan to reduce their key person dependency over time, but most businesses don’t have this luxury. By taking key person insurance, your business receives a lump sum payment if a key person can no longer work because of illness, injury or death. Key person protection can help you meet your short-term business obligations, offset the effect on profits and help provide the funds to find and train a suitable replacement.

Losing a Business Owner

Business owners need a plan to ensure a co-owner’s departure is as smooth as possible. A business owner could die, get sick, resign or retire – so it pays to be prepared.
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What plans can you put in place?
There are plans you can put in place to manage the planned or unplanned loss of a business owner. They ensure your interests are protected, and you retain control and maintain the value of your business.

• Key person protection – see above
• Buy / Sell Agreements – these allow the remaining owners to purchase the departed owner’s shares at a pre-agreed value. This value should be reviewed each year to ensure it keeps pace with the changing value of the business.
• Buy / Sell Funding – wherever possible, the Buy / Sell Agreements should be fully funded to avoid delays and avoid remaining owners being out of pocket.