What’s covered & what’s not Things to consider Back to Business Insurance

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

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?

BizCover™ Pty Ltd (ABN 68 127 707 975; AFSL 501769). Please note that BizCover™ acts as the agents of the insurer in respect of the insurance products offered on this website and not as your agent. Any advice does not consider your individual needs. You should consider if the insurance is suitable for you and read the Product Disclosure Statement or policy wording before buying the insurance.

Theft

Did you know?

What’s typically covered?

What’s typically NOT covered?

Things to consider

Helpful Information

Get in Touch