Every business has unique risks and insurance needs. A Business Package Insurance, commonly referred to as a ‘Business Pack,’ is designed to provide comprehensive coverage for a range of risks that small to medium-sized businesses may encounter. This tailored package includes various insurance options to ensure broad financial protection for your specific business requirements.
Do I need Business Package Insurance?
Business Package Insurance is for any business, no matter what type of business or industry you are a part of.
You will need Business Package Insurance if:
- You’re planning to start a new small to medium sized business
- You’re currently involved in a small to medium sized business
What does an Insurance Package cover?
A typical Business Pack includes the following cover:
- Public & Products Liability Insurance.
- Protection against fire, theft, accidental and malicious damage done to your business (within the limits of the prescribed policy wording).
- Business Interruption.
- Plus, there are separate optional covers available within our policy. These allow you to tailor the policy specifically based on the risks and exposures faced by your business. This means that you don’t have to pay for cover you don’t need.
Important Tips
- Certain Business Insurance policies may also include coverage for vehicles primarily used for business purposes.
- To ensure you get the most suitable package, it’s crucial to provide your insurance broker with a complete overview of your business activities. This helps identify any specific endorsements or exclusions that might impact your coverage.
- Keep in mind that Business Insurance packages do not cover Workers Compensation. For Workers Compensation, you will need to obtain a separate policy.
General Advice Warning
The information provided on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice on this website is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making a decision based on this advice you should consider whether it is appropriate to your particular circumstances.
Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a disclosure document, including the Product Disclosure Statement (PDS) and, where available, Target Market Determination (TMD) relating to the product and consider the content before making any decision about whether to acquire the product.
Authorised by Clearlake Insurance Brokers ABN 16 651 113 861 AFSL 559829
How Clearlake Insurance can help
At Clearlake Insurance Brokers, our skilled team of insurance brokers will thoroughly evaluate your business’s unique risk management needs and exposures. We are dedicated to providing a comprehensive insurance solution tailored specifically to your requirements.
For more information or to arrange cover, please contact us on 02 9037 8970 or simply fill out the form below and one of our insurance brokers will get in touch shortly.
