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Theft

This option covers you for loss or damage to contents or stock through theft or attempted theft at your premises, following violent or forced entry.

Did you know?

According to the Australian Government’s Institute of Criminology, there are proportionally more crimes committed against businesses than households, with the most common being burglary, followed by shoplifting*

*http://www.aic.gov.au/crime_types/economic/business.html

What’s typically covered?

  • Stock in trade
  • Patterns, models, moulds and designs if shown on Insurance Certificate
  • Books and stationary
  • Fixtures and fittings you are liable for, if you are a tenant
  • Advertising and display equipment
  • Computers and other equipment for storing data
  • Machinery and plant, tools, instruments and utensils of trade and equipment
  • Furniture, furnishings, carpets, curtains and internal blinds

What’s typically NOT covered?

  • Money or negotiable instruments in excess of $500 per event
  • Jewellery, furs, bullion, property made of gold or silver or precious stones exceeding $10,000 (any one loss) and $2,000 (any one item) unless they are stock
  • Motor vehicles unless they are stock
  • Glass unless it is stock
  • Property not contained in a locked building
  • Documents, patterns, models, moulds, plans or designs unless shown on your Insurance Certificate
  • Tobacco, cigarettes or cigars unless shown on your insurance certificate
  • Loss resulting from deceptive conduct

Things to consider

  1. If your business was broken into, would loss of business contents or stock put financial pressure on the business?
  2. If there was a break-in at your business, could damage to your premises cost your business money to repair?
  3. Does your business keep valuable goods, equipment or stock on premises, therefore increasingly the likelihood of theft?
  4. Is your business in a high theft risk area?
  5. Do you have strong physical security systems and deterrents, such as bars on windows, lock-in shutters and alarms?