Business Insurance

A business takes years to build – but an accident or disaster could destroy it all in minutes. That’s why businesses should help protect themselves with a quality business insurance pack.

With the right cover in place, owners can run their business with confidence, knowing that their premises, stock, equipment and reputation are protected by insurance.

At DKG Insurance Brokers, we understand that the needs of each client are different, therefore we will take the time to assess your individual risk requirements and deliver a bespoke solution. Please reach out to one of our experienced brokers today.

Exclusions to public liability, property and business insurance for communicable diseases such as COVID-19 were in place prior to the outbreak of the pandemic, however, some policies failed to reference the relevant legislation, creating ambiguity around the scope of the exclusion. Insurers have now rectified the perceived error of citing the Quarantine Act 1908 rather than the Biosecurity Act 2015 and, in some cases, expanded to make the communicable disease exclusion broader.

Important note − The information provided is general advice only and has been prepared without taking into account your objectives, financial situation or needs. When making decisions about business insurance, please consider the Product Disclosure Statement.

“Having the right insurance will help protect your business and minimise its exposure to risk. This may include insuring your business, your income and your commercial risk.”
Department of Innovation, industry and science, 2018

Business insurance packs can offer general protection for a business, which may include cover against:

Type of cover Potential benefits
Property damage Repair or replacement of property damaged.
Business interruption Loss of trading profit following insured damage to property and additional costs and expenses incurred during a claim.
Theft Repair or replacement of property stolen.
Money Loss of money.
Public or products liability Your liability to pay compensation for personal injury and property damage as well as the costs involved in defending a claim triggered by the policy.
Glass For replacing glass inside or outside your premises, including your shopfront windows, mirrors or display cases.
Transit For stock that is in transit on the road, in the air or by sea.
Electronic equipment breakdown For repairing or replacing electronic equipment that breaks down
Machinery breakdown Cover for costs associated with machinery breakdown.
General property To cover your tools of trade, including laptops and tools that you use for your profession or trade.
Tax audit To cover the costs of being audited by the ATO.
Employee dishonesty Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.

What usually isn’t covered?

Exclusions, and the excess you need to pay, and limits of liability can vary greatly depending on your insurer and the requirements of your business.

Important note − The information provided is general advice only and has been prepared without taking into account your objectives, financial situation or needs. When making decisions about business insurance, please consider the Product Disclosure Statement.

“Having the right insurance will help protect your business and minimise its exposure to risk. This may include insuring your business, your income and your commercial risk.”
Department of Innovation, industry and science, 2018

“Having the right insurance will help protect your business and minimise its exposure to risk. This may include insuring your business, your income and your commercial risk.”
Department of Innovation, industry and science, 2018