Business Insurance

Business Insurance - Which cover is right for you?.

Businesses come in all sizes and types and with different needs but no matter how big or small your business is – or what industry you are in – it’s important to protect it with the right business insurance cover.

Business Insurance

With all the options available, it can be very time consuming as well as confusing to work out what’s best for your business. At SHC we have the expertise to make sure you get the right type of business insurance.

SHC has been providing the right cover at the right price for SMEs all over Australia since 1990. We’re experts at knowing the specific and varied risks that affect businesses in different industries, both the common and the not so common. We’ll take the time to explain the most relevant options for your business so you can make a fully informed decision. We’ll tailor our recommendations so you only pay for the cover you need — and the premiums will be the lowest possible.

Of course, we hope you will never need to claim on your policy, but if you do, then SHC will continue to look after you by managing the claims process on your behalf.

What is business insurance?

Every business, regardless of size or industry, needs to prepare for and protect itself from the potential occurrences that could affect its ability to operate effectively.

Should a catastrophe affect your business, such as a fire, major stock damage or employee theft, you may not be able to earn an income for some time but you will still have to pay overheads, creditors and staff. The subsequent financial pressures could seriously affect the future of your business and its ability to survive.

Business insurance includes a range of covers for internal and external and expected and unexpected risks to help your business get back to operating effectively as soon as possible.

What does it cover?

Business insurance typically provides the covers shown below. The good news is that when you place your business insurance with SHC, you will also receive some additional cover benefits.

Transit & Cargo - Read More

Although every care should be taken by the removal company whilst transporting and storing your goods, there may still be occasions when they are lost or are damaged. Transit & Cargo insurance should be considered when moving goods over large distances. It includes:

  • Accidental loss or damage to Goods in Transit
  • Loading and unloading, loss or damage
  • Goods are covered  until they are placed inside the intended destination
  • All retail and sales packaging
  • Shipping containers
Tax Audit - Read More

This covers costs reasonably incurred by your accountant or registered tax agent in conducting an audit (following notification from the Australian Tax Office). It does not cover penalties and fines or any costs if the investigation or audit proves fraudulent acts or omissions. It includes:

  • Investigation cover
  • Directors cover
  • Reasonable travel and accommodation costs
Computers and Electronic Equipment - Read More

This insurance provides fire, theft, accidental damage, breakdown and business interruption cover for computers and electrical equipment and includes:

  • Loss of income
  • Increased cost of working
  • Equipment repair
  • Restoration of lost data
Machinery Breakdown - Read More

Less than 10% of companies are insured for machinery breakdown despite machinery being the most valuable and crucial equipment used in the business. This covers damage to machinery caused by breakdown and includes:

  • Wear and tear included from resultant damage    
  • Operator error
  • Expediting expenses such as air freight from overseas if parts need replacing
  • Temporary hire costs
  • Business interruption — loss of profits & additional costs resulting from breakdown
Employee Dishonesty - Read More

Employee dishonesty can take many forms. It includes false invoicing, theft of cash, false inventory, payroll fraud, computer fraud and funds embezzlement as well as other dishonest acts by which can result in a financial loss to your business. These activities are not typically covered by property or liability insurance policies. It includes:

  • Claims preparation fees
  • Superannuation funds, welfare, social and sporting clubs that are part of your business
  • External audits
  • Costs of recovery
Glass - Read More

This covers the accidental breakage of internal and external fixed glass and signs, mirrors, toilet and handbasin porcelain and includes:

  • Sign writing
  • Temporary shuttering
  • Replacing burglar alarm window tapes
  • Replacing or repairing damaged doors
  • Replacing or repairing attachments to glass
Theft and Money - Read More

This covers loss or damage to money, negotiable documents, business contents or stock as a result of theft or accident as well as money in transit to or from your office, held on your premises during business hours or in a locked safe or strongroom on your premises. It includes:

  • Temporary protection
  • Locks & keys
  • Safes & strongrooms
  • Directors & employees personal property
  • Repairing damage to buildings
  • Seasonal increase
  • Public holiday increase
  • Cost of restoring records
  • Theft (without forcible entry)
  • Theft by employee
Business Interruption - Read More

While property insurance covers the physical damage to your business after an event like fire, burglary or glass breakage, Business Interruption covers the shortfall in your gross profit caused by the interruption to your business so that your business is in the same financial position it would have been before the event. Also known as Cashflow Insurance, it helps to pay for ongoing costs such as wages, mortgage payments or rent and utility costs as well as new premises or the repair of existing premises. Without it, your business cannot function. It also includes:

  • Accountant’s fees
  • Additional increases in cost of working (additional expenditure incurred)
  • Cover for losses resulting from customers/suppliers interruption to continue trading during an interruption
  • Prevention of access
  • Public utilities
Public and Product Liability - Read More

Would your business survive if a third party sued you for personal injury, death or damage to property? These claims can run into millions and are a major concern for business owners. Public and Products Liability covers the amounts your business is legally liable to pay as compensation for personal injury and property damage to third parties as a result of your business services. Even if you can successfully defend the claim, the legal costs alone can send you bankrupt. It includes:

  • Up to $20m cover
  • Legal defence costs
  • Includes property in physical in physical or legal control
  • Australia-wide cover
  • Automatic cover for new subsidiaries
General Property - Read More

Could you still work if your tools of trade were stolen or damaged in an accident?

This covers loss of or damage to specified property (excluding stock) which is usually of a portable nature — like your tools of trade or professional equipment like cameras — whether at or away from your premises. It includes:

  • Theft (without forcible or violent entry)
  • Australia-wide cover including your vehicle
  • Accidental damage cover

We’ll be happy to go through the individual covers with you in as much or as little detail as you want.

We also provide specific insurance packages such as:

SHC will help you choose the professional indemnity cover that best provides the protection you need at the most competitive premium.

The SHC service promise

  • Full policy review and discussion of your coverage
  • Personal service from our insurance experts
  • The right cover at the right price, tailored to your needs
  • Competitive discounted premiums
  • Same-day service for in-house quotations
  • Broad policy coverage
  • Same-day coverage
  • Free property recommendations report for businesses over XXXX

Convenient payment options

At SHC you can choose to pay your insurance premiums annually or monthly, whichever best suits your cash flow. Once you have decided on your insurance cover, we’ll discuss which payment option is best for your budget.

Fast, competitive quotes – by phone or online

We’re focused on your needs, flexible and fast so contact us today for a free quote. Speak to one of our customer service consultants now on 1300 730 073. We provide you with a quote in just minutes.

What our clients say:

“We were insured directly with a big insurance company and had a claim declined. We switched our policies to a professional insurance broker for added security and customer service — SHC was the one we picked, they have the experience in getting claims thru big insurers."

"We were previously paying a much higher premium. When we received our quote from SHC, we couldn’t believe the savings! We now save 20% on our premium, which gives us the money we need to grow our business. With the great service SHC provides, they are the right choice."

"It can be difficult to find an Insurer that will take the time to work with your individual needs. The professional staff at SHC was patient and kind when they were preparing our quote, making sure they took care of our business’ needs. Once we discovered the savings we would achieve with SHC, we were happy to bring out business here!"