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| Business Insurance (12 months
policy or 3mth policy) |
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The business insurance policy we offer is
underwritten by Australian Unity General Insurance Limited.
A company with over 160 year history in Australia with
branches Australia wide.
We have tailored the business insurance
product to be more specific to our client needs by offering
additional benefits that are rarely available in the
traditional market.
Australian Unity General Insurance share
our philosophy that shops within shopping centers pose a
better than average risk. Most retail shops in modern
centers are within a secured environment providing higher
than average security via centre alarms and patrols, lower
fire exposure due to ongoing maintenance and sprinklers, and
higher occupational health and safety and hygiene standards
due to shopping centres and franchise groups own standard
levels. |
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Downloadable Forms |
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Calculation Tools |
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We offer our customers the
following covers under our business package:
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Fire & other insured events [e.g. - Fire,
water damage, lightning, earthquake]
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Business Interruption [e.g. - Gross profit, Increased cost
of working, payroll]
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Burglary
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Money
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Liability
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Glass
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Machinery Breakdown
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Electronic Equipment Breakdown
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Deterioration of Stock
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Transit
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General Property
To obtain a quotation and compare our
prices please complete our quotation request form.
Business Insurance Options
We cater for both short and long term
tenants in shopping centres.
Annual Insurance Policy - 12 months
We offer our clients a standard annual
insurance contract for 12 months. This is recommended for
all permanent tenants with lease obligations for 12 months
or more.
Short Term Insurance Policy - 3
months
We also cater for casual leasing tenants
who may wish to insure for a short term period. Our policy
provides cover for a period of 3 months and automatically
includes liability cover for either $10,000,000 or
$20,000,000 pending our clients request with $5,000
automatic fire & perils cover.
The premium for this type of contract is
non refundable.
Mobile Insurance Cover
If you constantly move between shopping
centres, we can cover your liability at these shopping
centres and issue you with a relevant “Certificate of
Currency”.
Shopping Centre Requirements
As a general rule most shopping centers
in Australia will not allow a new tenant to enter the
shopping complex or an existing tenant to continue trading
without proof of insurance supplied by way of a “certificate
of currency”.
A “certificate of currency” is a document
issued by insurers confirming a current insurance policy in
the name of the insured is in force.
Shopping centre management will expect
under the relevant lease agreement for each tenant, to have
in place as a minimum – Liability insurance, External glass
insurance and Fire & perils cover for fixtures and fittings
where the shopping centre has an interest.
Cover Recommendations
If you operate a restaurant, retail shop or office within a
shopping complex we recommend you consider the following
covers.
| Insurance cover |
Our Recommendation |
Summary of cover |
| Fire & Defined Events |
Essential to Business |
Covers you assets such as stock,
contents and fixtures & fittings against water
damage including sprinkler leakage, fire and other
defined events. One of these perils occurring can
lead to closure of your business. |
| Business Interruption |
Essential to Business |
Provides Gross Profit cover
following a loss under the fire & perils, burglary
and money sections. Essential to ensuring your
business survives after a loss. |
| Burglary |
Recommended |
Cover is provided for loss or damage
following theft due to forcible entry to your
premise. Some businesses may be more attractive than
others to burglary. |
| Money |
Recommended |
Provides cover for loss of
Money or negotiable instruments during business
hours, in transit, safe, after hours or private
residence. |
| Glass |
Recommended |
Provides cover for internal and/or
external glass against accidental breakage. |
| Liability |
Essential to Business |
Provides liability cover arising
from your business activities to the general public.
It is imperative and shopping centre management will
not allow you to trade without this cover. |
| Machinery Breakdown |
Optional, Retail Food Recommended |
Covers loss or damage to machinery
as a result of breakdown. Cover may be extended to
also cover spoilage of food. |
| Electronic Breakdown |
Optional |
Same as machinery cover, in that it
covers loss or damage of electrical, electronic and
mechanical items such as computers, facsimile
machines, cash registers. |
| Transit |
Optional |
If you constantly deliver goods to
customers, this cover should be considered. Cover is
provided for stock whilst in transit. Cover is
generally for fire, theft from locked vehicle and
damage due to collision or overturning of vehicle. |
| General Property |
Optional |
Cover is provided for tools of trade
items such as note books and mobile phones away from
the business and for similar cover to that of
transit and with or without accidental damage &
loss. |
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