PRODUCTS

CLASS OF RISK

DESCRIPTION

AVIATION

Loss or damage to aircraft hulls and liability to third parties, including passenger liability, arising from the operation of aircraft.

BURGLARY/

THEFT

Loss or damage to insured property as a result of burglary or theft.

CARAVAN

Loss or damage to caravans and legal liability to third parties.

CONTRACT WORKS

Loss or damage to your buildings or equipment during construction, installation, demolition or modification. Also can cover legal liabilities for injury to any person and/or damage to any property of third parties arising out of the construction/maintenance operations.

CROP

Loss or damage to crops from an insured risk/peril.

ELECTRICAL EQUIPMENT

Loss or damage to electronic and electrical equipment arising from breakdown.

FARM PAK

Covers a range of rural and domestic insurances such as home and contents, farm property, legal liability, tractors and so on.

FIDELITY GUARANTEE

Loss as a result of fraud or dishonesty committed by one or more employees.

FINE ARTS RISK

Covers loss or damage to fine art and curios whilst on display, exhibition or in transit.

FIRE & PERILS

Loss or damage to insured property as a result of fire and/or extraneous perils.

FLOOD

Loss or damage to property caused by the inundation of normally dry land by water overflowing from the normal confines of any natural watercourse or lake, whether or not altered or modified, or of any reservoir, canal or dam.

GENERAL PROPERTY

Loss or damage to mobile property from causes not otherwise excluded.

GLASS

Accidental damage to internal and/or external glass, mirrors, tiles and signs.

HOUSEHOLDERS

Loss or damage to domestic buildings and contents and personal liability.

INDUSTRIAL SPECIAL RISKS

Physical loss or damage to assets from causes not otherwise excluded.

LANDLORDS

Loss or damage to buildings and contents. Also can cover loss of rent, rent default and theft by tenants.

LIVESTOCK

Loss or injury to livestock.

MACHINERY BREAKDOWN

Loss or damage to electrical or mechanical equipment caused by breakdown.

MARINE HULL

Loss or damage to commercial vessels.

MARINE PLEASURECRAFT

Loss or damage to pleasure craft.

MARINE CARGO

Loss or damage to goods in transit.

MONEY

Loss of money and negotiable instruments.

MOTOR VEHICLE

Loss or damage to motor vehicles and legal liability to third parties.

PRESSURE VESSEL/BOILER EXPLOSION

Loss or damage due to explosion or collapse of boilers and/or pressure vessels requiring a certificate of registration.

SPOILAGE OF STOCK

Deterioration of stock resulting from the breakdown of refrigeration equipment.

STRATA

Loss or damage to property and liability in connection with the ownership and condition of the property.

CONSEQUENTIAL LOSS

Loss due to the interruption of the business as a result of loss, damage or destruction caused by an insured peril/risk.

ADVANCED CONSEQUENTIAL LOSS

Loss of or reduction in your income resulting from damage to property during construction, installation or modification.

COMPUTER CONSEQUENTIAL LOSS

Loss due to the interruption of the business as a result of loss, damage or destruction caused by an insured peril/risk.

CONFISCATION/EXPROPRIATION

Loss arising from the confiscation or expropriation of property.

ELECTRICAL EQUIPMENT

Loss of gross profit and increased cost of working following a breakdown of electrical and electronic equipment.

MACHINERY BREAKDOWN CONSEQUENTIAL LOSS

Loss of gross profit and increased cost of working following machinery breakdown.

AVIATION LIABILITY

Your legal liability to third parties which arises out of the ownership, maintenance or operation of registered aircraft landing areas.

CARRIERS LIABILITY

Your legal liability for claims arising out of loss or damage to property carried for third parties.

CHARTERERS LIABILITY

Your legal liability to third parties arising out of the signing of a charter party agreement.

CONSTRUCTION LIABILITY

Your legal liability to third parties arising from the construction, alteration, installation or demolition of property.

CONTAINER LIABILITY

Contractual liability for loss of or damage to hired or leased containers, and additional costs incurred.

CONTRACT BONDS

Security payable to third parties in the event of breach of contract.

CONTRACT PENALTIES/

LIQUIDATED DAMAGES

Your legal liability to third parties for breach of contract and/or liquidated damages.

DEFAMATION

Your legal liability to third parties for defamatory statements and actions. Limited defamation cover arising from advertising injury is included under an Umbrella Liability policy.

DIRECTORS & OFFICERS LIABILITY AND COMPANY REIMBURSEMENT

Your legal liability, as a director and/or officer of a corporation, to third parties for alleged breach of duty arising out of a claim for which you are not indemnified by the corporation.

It may also reimburse the company for payments it is legally entitled or obliged to make in indemnifying Directors or Officers for claims made against them whilst acting in their capacity as Directors or Officers.

The claim must be first made against you and notified to the insurer during the period of cover.

DIRECTORS & OFFICERS SUPPLEMENTARY LEGAL EXPENSES

Provides legal expenses cover for exposures traditionally excluded by stand alone Directors & Officers policies.

DOMESTIC WORKERS COMPENSATION

Costs associated with compensating a person who might be injured whilst doing paid domestic duties.

EMPLOYMENT PRACTICES LIABILITY

Your legal liability to employees for loss or damage arising out of your responsibilities as an employer (excluding Workers Compensation).

ENVIRONMENTAL IMPAIRMENT LIABILITY

Your legal liability to third parties for claims arising from gradual damage to the environment.

LEGAL DEFENCE COSTS

Covers expenses in either pursuing or defending an action arising from disputes with customers or suppliers for the sale, purchase, hire or supply of goods or services or in defending employment contract actions brought against clients by employees or defending any criminal prosecution made against the company, its Directors or employees.

LIBEL & SLANDER

Indemnifies the insured against claims for libel and slander by any person provided that such claims arise out of the occupation and conduct of the insured.

MALICIOUS PRODUCT TAMPER

Covers the cost and loss of net profit where products are withdrawn or destroyed due to active or alleged contamination or malicious tamper so as to render the product unfit or dangerous for use.

MARINE LIABILITY

Your legal liability to third parties for personal injury or property damage arising from the operation of vessels, carriers activities, ship repair and general marine activities.

MEDICAL MALPRACTICE

Your legal liability to third parties for personal injury arising from medical malpractice.

MOTOR CTP

(GREENSLIP)

Personal injury arising from registered vehicles.

PRODUCT GUARANTEE

Your legal liability to third parties for loss arising from any claim first received by you and notified to the insurer during the period of insurance, alleging the failure of your products to perform as guaranteed.

PRODUCT RECALL

Your legal liability for all costs, expenses and damages for withdrawal or recall of goods or products because of any known or suspected defect or deficiency therein.

PROFESSIONAL INDEMNITY/

ERRORS & OMISSIONS

Your legal liability to third parties for personal injury, property damage and financial loss arising from a claim first received by you and notified to the insurer during the period of insurance, alleging breach of professional duty by any negligent act, error or omission.

PUBLIC & PRODUCTS LIABILITY

Your legal liability to third parties for personal injury or property damage caused by an occurrence during the period of insurance and arising out of your business and/or products.

STATUTORY

LIABILITY

Your legal liability to statutory authorities for penalties arising from any claim first received by you and notified to the insurer during the period of insurance, whereby you contravene an Act or are involved in the contravention of an Act; or you commit an offence pursuant to an Act; or such conduct is prohibited under an Act or is the subject of the imposition of a penalty under an Act.

SUPERANNUATION TRUSTEES LIABILITY

Errors or omission of trustees of superannuation funds.

UMBRELLA LIABILITY

Your legal liability to third parties for personal injury, property damage and advertising liability in excess of the amount recoverable from underlying policies or where there are no underlying policies, in excess of the self-insured retention.

WORKERS COMPENSATION

Your legal liability to employees for work related injury, at the normal state or territory of residence of the employee and/or the location of the injury (New South Wales, Western Australia, Tasmania, Northern Territory, Australian Capital Territory, Victoria, Queensland, South Australia)

WORKCOVER TOP-UP

Supplementary payments to employees injured whilst in your employment, in addition to their statutory entitlement under NSW WorkCover legislation.

WORKERS COMPENSATION EXTRA TERRITORIAL

Workers compensation gap between the States.

ACCOUNTS RECEIVABLE

Covers loss due to inability of the insured to collect amounts owing from customers as the direct result of loss or damage by an insured peril to records of accounts receivable that are contained in the premises.

CANCELLATION & ABANDONMENT

Loss arising from the cancellation or abandonment of a scheduled event.

AUDIT & INVESTIGATION

Professional fees incurred in responding to an audit or investigation arising from any return lodged by your business, your accountant or by individuals with any statutory authority.

COMPUTER CRIME

Loss sustained by the insured as the result of fraud, perpetrated by anyone other than the insureds employees, through the insureds computer or electronic communications systems.

CONTRACT BONDING/

CONTRACT GUARANTEES

Financial loss arising from the failure of parties to a contract to fulfil their contractual obligations.

CORPORATE TRAVEL

Baggage, overseas medical expenses, money, personal accident and loss of deposits for insured persons whilst travelling on the business of the Insured.

CREDIT

Losses due to insolvency of the insured or customers with whom the insured deals.

CUSTOMS & PAYMENT BONDS

Liability under the Customs and/or Excise Act as amended.

EXPORT CREDIT/

POLITICAL RISKS

Loss arising from failure to secure payment for goods or services provided to overseas customers.

EXTORTION

Expenses arising from an extortion bid.

FORGED SHARE TRANSFER

Loss as a result of the fraudulent issue of share documents arising out of the operation of a Share Register.

INTELLECTUAL PROPERTY

Legal expenses incurred to defend patent, trademark, copyright and so on.

KIDNAP & RANSOM

Costs and expenses that result from the payment of any ransom in connection with kidnapping or bodily injury to any staff member.

LIQUIDATED DAMAGES

Covers penalties under contract for delay in completion of a contract on schedule.

LOSS OF HIRE/ STANDBY CHARGES

Covers loss of anticipated freight charges or income as a result of a vessel being out of service.

MORTGAGE & LEASE GUARANTEE

Covers financial loss as a result of default of the borrower.

OPERATORS EXTRA EXPENSE

Expenses incurred in bringing under control an oil/gas well. Can include costs such pollution clean up costs and re-drilling expenses.

PERSONAL ACCIDENT GROUP

Covers a nominated group of individuals for a specified benefit against loss of limbs and disablement. The benefits are payable to the company or association purchasing the cover.

PERSONAL ACCIDENT

VOLUNTARY WORKERS

Covers a nominated group of individuals for a specified benefit against loss of limbs and disablement. The benefits are payable to the company or association purchasing the cover.

PLUVIUS

Loss arising from unanticipated rainfall, which may reduce earnings from an event being staged.

TAX PROBE

Professional fees reasonably and necessarily incurred in connection with a tax audit.