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