General property insurance

Protection from costs associated with damage to or loss of specified portable property

What is General property insurance?

General property insurance gives you protection from costs associated with damage to or loss of specified property – typically in reference to portable property that is not covered by your business insurance policy.

Who should consider it?

General property insurance is particularly valuable for contractors and businesses that carry tools and/or equipment between sites.
These include:

  • Tradies
  • Photographers and videographers
  • Contractors

Did you know:

The costs of repairing the damage and the legal costs
associated with a data breach can be devastating including
penalties of up to $360,000 for individuals and $1.7 million for
organisations for breaches of privacy legislation.

What can it cover:

  • Accidental damage – sudden and unforeseen loss of or damage to property not directly or indirectly caused by or arising out of:
    • Fire, theft, malicious damage, and perils
    • Water from or action by the sea, tsunami, tidal wave, high water
    • Mechanical, hydraulic, electrical or electronic breakdown, failure, malfunction or derangement of any machine or electrical or electronic device
    • Moths, termites or other insects, vermin, rust or oxidation, mildew, mould, contamination or pollution, wet or dry rot, corrosion
    • Wear and tear
  • Burglary – theft or attempted theft
  • Fire and lightening
  • Malicious damage – damage to property caused by malicious persons.
  • Perils – Physical loss or destruction or damage to property caused by:
    earthquake, storm or impact by: vehicles designed primarily for use on land or animals.

What isn’t covered:

As a small business owner you already have lots to worry about. From paying your employees to getting stock delivered on time to generating new work opportunities – the list is endless!

But have you taken the time to think about what an accident involving a third party could mean for your business?

Case Study / Article

A chain of beauty salons has digital video recorders
connected to routers in their stores to protect their
property. One night, around 3am, hackers attack these
recorders.

“We take the hard work out of getting the right cover”