Insurance products
Types of business cover
Every business owner walks the tightrope when balancing risk and reward. The right insurance package can help protect your equipment, stock, premises and – most importantly – your reputation, when the unexpected strikes.
We can work out an affordable business pack covering all the essentials – theft, property damage, transit, product and public liability, employee dishonesty, business interruption and equipment breakdown, for starters.
It’s essential cover for every organisation, no matter the size.
It’s bad enough having to deal with a sudden crisis like fire, loss, theft or breakdown of essential vehicles or equipment. Each can cause costly damage.
Far worse, however, is the threat posed by interrupted operations. Costs quickly escalate when production is stopped, deliveries are delayed and staff – who still have to be paid – are not generating revenue.
Business interruption insurance can help cover loss of profit/sales, ongoing operating expenses, and relocation and retraining costs.
If you are in the construction sector, your organisation has specific insurance needs. You require umbrella cover to protect every aspect of your operations – commercial, industrial and domestic.
Whatever your size, contract works insurance can help protect your business. While owner builders often get cover for a single project, other professional operators usually take out a comprehensive policy which covers multiple contracts.
Most policies include cover for the building while under construction, along with equipment used and public liability. Protection from natural disasters, property damage, theft and cover for existing structures can also be arranged.
If your job requires frequent travel, corporate travel insurance can cover you for financial loss stemming from flight cancellations, lost property, stolen baggage and a range of overseas health emergencies.
Cover can be taken out by business owners or employees. We can arrange comprehensive cover for organisations wanting to protect their executives and staff when in transit. Optional cover can be taken out for spouses and dependents.
Other inclusions are medical and life cover, personal liability, rental car excess and cost of replacing an employee.
Today’s business owners face unprecedented risks in the form of cyber attacks. These come in many forms – website hacks, ransomware and the theft of personal details, customer data and intellectual property.
Anyone with a website or electronic record-keeping is open to this form of data breach. As well as the financial loss caused, such hacks can have a huge impact on your business reputation and customer loyalty.
We can help you obtain cover for a wide range of impacts including loss of revenue, data recovery, legal costs, government investigation, copyright infringement and crisis management.
Anyone working on the land is exposed to a multitude of risks. It’s part and parcel of agricultural life. That’s why farmers and farm workers should consider protecting their income, assets and livelihoods.
Whether you own a small hobby farm or major agricultural facility, farm insurance policies can help safeguard your finances from unexpected losses related to your land, produce, home, farm buildings, vehicles, livestock and equipment.
Policies include property damage, fire, theft, farm vehicles and machinery, livestock and crop value, and cover against third party claims for personal injury, or property damage and legal expenses.
Typically ensures the safe transport of all types of goods, as well as the loss or damage to cargo, ships, terminals or marine-related projects. The team at BLC Insurance Group are well equiped with the knowledge required to ensure your assets are well protected.
Anyone running a company knows how exposed they are to a whole range of financial and legal risks.
Management liability insurance can help you investigate, defend, settle and manage payment of any compensation claims that come your way.
Liability claims can be large and potentially crippling, arising from simple mistakes, financial fraud, or even deliberate sabotage of company assets or reputation. This can come from any quarter, including directors, executives and employees – past or current.
This form of liability insurance offers the ultimate peace of mind.
We can work out an affordable business pack covering all the essentials – theft, property damage, transit, product and public liability, employee dishonesty, business interruption and equipment breakdown, for starters.
It’s essential cover for every organisation, no matter the size.
No matter how careful you are, it only takes one faulty product or batch to set off a devastating sequence of events for your company.
That’s why product liability insurance is so important for anyone involved in manufacturing, assembling, supplying or promoting products to individual customers or other businesses.
Usually embedded in a public liability policy, product liability offers cover for the potentially high legal costs of defending your business against a claim made regarding your product and damages.
Professional indemnity insurance is a smart way to protect yourself against a range of business mistakes.
Even the most quality-conscious provider of professional services can fall victim to human error. If your business is found guilty of negligence, the impact can be enormous – damaging your reputation as much as your bottom line.
Some industries, like medicine, law, accounting or financial advice, have mandatory requirements for professional indemnity. In others, it is a customer requirement. Professional indemnity may also be needed when outsourcing work to a contractor.
This kind of liability arises when an accident or critical incident – on your premises or within your business activities – causes injury or damage to someone other than an employee.
If you are found to be liable, you may be expected to cover high public liability costs with the potential to devastate your company.
This form of insurance can help protect every company, of every size against major financial exposure. It can help protect your legal liability to third parties – customers, clients, suppliers and members of the public. It can cover your legal costs if you are required to investigate, defend, settle or pay compensation claims.
Whether you trade in a local, national or international market, credit terms leave you exposed to a range of bad debts and disrupted cashflow.
Any business engaged in selling or trading goods and services – on a credit basis – should consider taking out trade credit insurance.
You can either take out a comprehensive policy, to protect your complete credit portfolio (including export and domestic customers), or an ‘excess of loss’ policy. The latter is appropriate for companies who have strong internal credit management, and just want cover for exceptional loss.
This kind of cover is compulsory for all Australian employers. Each state has its own workers’ compensation program which is run by independent regulators. Rules vary slightly, depending on the requirements of your state or territory.
In the event of an employee becoming sick or injured in the workplace, this insurance covers employee wages along with expenses incurred by medication and rehabilitation.
Insurance products
Types of personal cover
Your home is your haven as the world around you keeps on changing. That’s why it’s so important to protect it with the right kind and amount of insurance cover.
These policies cover your structure for fire, flood, explosion, extreme weather and natural disasters. They also cover furniture, white-goods, electronic equipment, sporting goods and jewellery against accidental damage, loss or theft.
If you own an investment property, landlord insurance to protect against a range of crises including storms, floods, fire, theft, tenant damage and tenant rent default.
The policy can be tailored to long-term leases or short-term Airbnb-type holiday rentals.
Where would we be without our wheels? Whether you drive a scooter, family sedan, SUV or luxury car, we can find you the right insurance policy to cover it.
None of us want to lose the mobility and freedom our vehicle offers. So, if yours is stolen, damaged or written off in an accident, a quality motor insurance policy will get you back on the road quick-smart.
We can tailor an affordable policy covering replacement vehicle, third party damage, hire car costs, legal liability cover and rekeying/recoding of keys.
Residential strata insurance is compulsory for apartment owners in every Australian state and territory.
If you own any kind of apartment, townhouse, unit or strata business – as part of a body corporate or owners’ corporation – you are legally required to take out a strata policy.
Depending on the policy detail, it generally covers the building along with all common and shared areas. Cover can either be arranged by an appointed strata manager, or by an insurance broker on behalf of the owners’ corporation.
Usual areas covered by strata insurance include car parks, common areas, ceilings and floors, lifts, shared laundries, swimming pool, gym and sports facilities.