Best Premiums Guaranteed.
We’re proud to provide professional risk advice and insurance solutions to a diverse range of clients across Melbourne.
At RISKSURE we help hundreds of clients with tailored insurance products for businesses of all shapes and sizes.
From understanding your business to managing your insurance programs to helping you through the claims process, we are always on your side providing expert advice and peace of mind.
Business Insurance Types
BUSINESS PACK INSURANCE
Affordable and wide insurance cover for your business.
Insurance to safeguard your business with cover to help protect your premises, stock, equipment and reputation.
Who should consider it?
Business owners can benefit from taking out an affordable and comprehensive business insurance package to help protect them against the main risks involved in running a business.
Running a business is a challenge, and it often involves putting your own finances at risk. It makes sense to manage risk, reduce uncertainty and protect your livelihood.
Different types of businesses require different policies to protect company assets and to protect against legal liabilities.
Call us today to find out what kind of insurance you need for your business.
What can it cover?
Business insurance packs are a flexible and excellent way for a small business to get the cover they need, under one simple package.
This may include cover against:
Property damage - building, contents, stock, plant & machinery, customer goods and more
Business interruption
Theft
Money
Glass
Public and Products Liability
Transit
Electronic equipment breakdown
Machinery equipment breakdown
General property
Tax audit
Employee dishonesty
And others, depending on different insurers
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
BUSINESS INTERRUPTION INSURANCE
A top 3 most important cover. It protects your business from going bankrupt & closing down and the ability to keep on making money.
Business interruption insurance can help your business to keep running if the insured property is lost or damaged after a catastrophic event such as fire, floods and/or large storms/hail, by covering the ongoing business protection income & profits, so you can recover and rebuild.
Who should consider it?
For most business owners, there are ongoing expenses that you need to pay even if you’re not generating any revenue – like staff wages, supplier invoices, rent or loan repayments.
Business interruption insurance can get you through a temporary crisis by protecting your cashflow – so you can pay these expenses, and help ensure the future of your business.
Commercial Property Owners covers against Loss of Rent and Rent Default.
Small & Large Business Owners covers against Gross Profits and/or Annual Turnover.
Cover periods range from 6 months to 36 months, depending on how long a building would take to rebuild.
What can it cover?
Business interruption insurance can cover the loss of any sales you would have made while your business is out of action resulting from property damage at your premises – plus any extra costs you incur to stay open.
It may also include:
Ongoing operating expenses, such as electricity and rent
Relocation costs for moving to, and operating from, a temporary location
Training costs for operators of replacement machinery
Closure of your business premises due to government-ordered street closures or curfews
Damage to a supplier’s premises which has a negative flow on effect for your business operation.
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
PUBLIC AND PRODUCTS LIABILITY INSURANCE
PUBLIC LIABILITY
Protect your business from liability claims outside of your business.
If an accident or unforeseeable incident causes damage or injury to someone (other than your employees), you may be found legally liable to cover the costs.
Public liability insurance can help to protect your business from the financial risk of liability claims – helping you trade with confidence.
PRODUCT LIABILITY
Don’t let one faulty product destroy your entire business.
Product liability insurance is designed to protect your business if you’re sued because a product you sell, assemble, manufacture or supply has caused harm to a person or to their property.
Who should consider it?
PUBLIC LIABILITY
While public liability insurance isn’t mandatory for most businesses, it is recommended for all companies. That’s because the unpredictable nature of accidents makes them hard to prevent – and the costs of being sued can be extraordinarily high.
PRODUCT LIABILITY
If your business imports, makes, assembles, grows, promotes or supplies products to individuals or companies, you should consider product liability insurance.
What can it cover?
PUBLIC LIABILITY
Public liability insurance helps protect your legal liability to third parties, including clients, customers and the public for injury or damage to their property, caused by the business. It can even cover emotional distress or shock that your business causes another person.
It will generally pay your costs of investigating, defending and settling claims, as well as any compensation payment you are found liable to pay.
PRODUCT LIABILITY
Product liability is usually part of a public liability policy. It can help cover you against the cost of investigating and defending your business against a claim made against you and your product. It can also cover the cost of any damages awarded to a customer if your business is found to be at fault.
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
MANAGEMENT LIABILITY INSURANCE
Protect yourself and your business from claims of mismanagement.
Management liability insurance provides protection against the financial exposures that come with managing a company. Helping you defend, settle or pay compensation claims.
Who should consider it?
Management liability insurance is important for all businesses, big and small to help protect against unpredictable and potentially large liability claims.
What can it cover?
Management liability insurance can cover the business against claims arising from mistakes or deliberate actions – including fraud – from the company or its directors, officers or employees – both past and present.
It can cover the cost of investigating, defending and settling claims by a third party, as well as paying compensation the business is liable for.
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
PROFESSIONAL INDEMNITY INSURANCE
Make sure a small error doesn’t cost your business big money.
Anyone can make a mistake – but if your business is found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business’ hard-earned reputation may be damaged as a result.
That’s why professional indemnity insurance matters – help protecting your assets and brand if your advice or services cause a client to take legal action against you.
Who should consider it?
Professional indemnity insurance is mandatory in some industries, such as medicine, accounting, law and financial advisers – with the requirements differing from state to state.
But even in cases where it’s not required by law, it’s recommended for anyone who is providing professional services or advice in exchange for a fee – like engineers, graphic designers, IT consultants and more. And regardless of your legal obligation, it’s often a customer requirement that you have this cover in place.
Did you know?
When you’re outsourcing work to a contractor, you may still be legally liable for any errors they make – so it’s worth to help make sure you're protected.
What can it cover?
As a wide-ranging insurance solution, professional indemnity cover may include anything from accidents to errors and omissions.
To protect against professional risk, you may want to consider a combination of:
Professional indemnity insurance to protect against legal action from a client
Medical malpractice insurance for cover against patient claims due to errors or breach of duty, for those in the applicable sectors.
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
CYBER INSURANCE
Helps safeguard your business against online risks.
Providing business owners peace of mind and protection against cyber-attacks, such as computer hacking, ransomware or data theft.
Who should consider it?
Every business that has a website or electronic records is vulnerable to cybercrime or an accidental data breach – and the consequences of a cyber-incident can be very costly.
Depending on the situation, you may be up for the cost of ransoms or IT solutions to unlock and repair your systems. You could also be liable for the costs of reporting the breach, legal claims, and remediating any losses suffered by your customers or clients.
Remember, a cyber attack or data breach may cost your business more than just money. It could threaten your intellectual property, put your customers’ personal information at risk and cause major damage to the reputation of your company.
What can it cover?
Cyber insurance can help cover financial losses to your business, your customers and other parties following a cyber security breach.
This might include costs associated with:
Loss of revenue due to interrupted business
Hiring negotiators and paying ransom
Recovering or replacing your records or data
Liability and loss of third party data
Defence of legal claims
Investigation by a government regulator
Copyright infringement
Misuse of intellectual property online
Crisis management and monitoring
Prevention of further attacks
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
COMMERCIAL MOTOR VEHICLE, TRUCKS & FLEET INSURANCE
To qualify for a Fleet Policy, there is a minimum number of vehicles of 5+plus vehicles.
Commercial Motor and/or Transport Operators Insurance covers a wide range of vehicles including: sedans, wagons, utes, 4WDs and goods-carrying vehicles up to 2, trucks 5 and 10 tonnes plus, trailers, mobile and earth-moving equipment.
Comprehensive – Cover for damage or loss to your vehicle and damage it causes to other people’s property, when you are partly or fully at fault of an accident.
Fire and Theft – Cover for damage to another person's vehicle or property, plus fire and theft protection for your vehicle up to $5,000.
Third Party Property Damage only – Cover for accidental loss or damage to other people’s property caused by an accident which is partly or fully your fault.
Who should consider it?
If you have a Commercial Vehicle, it makes sense to protect yourself against unexpected costs in the event of a car accident caused by you, or your employees or against a not at fault accident.
Road Accidents happen on a daily and it can be costly when not insured properly – especially when you’re at fault. If your car is involved in an accident you caused, you’ll not only have the expense of repairing your own car – you’ll generally have to pay for damage to the other vehicle too.
Not having a motor vehicle for your business can result in large interruptions and loss of income, so it pays to have a tailored commercial motor vehicle policy tailored for your business needs.
What can it cover?
The cover provided by comprehensive insurance can vary, depending on the policy.
But here are some examples of possible cover:
Replacement of a lost or stolen vehicle
Cover to help pay for the damage you’ve caused to another person’s vehicle
Cover for the cost of a rental care if your car needs repairing or gets stolen
A replacement of the same make and model for new cars that are written off within three years
Legal liability cover
Re-keying or re-coding of vehicle keys that are stolen
Vehicle re-signage costs
Towing costs
Loss of income, if its a business income generating vehicle
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
MARINE CARGO & GOODS TRANSIT INSURANCE
Protecting large and small companies in the business of moving goods. From importing or receiving goods from a supplier or delivering to a customer. Marine Cargo and Goods Transit Insurance covers the process of moving goods by sea, road, rail and air.
Who should consider it?
Marine insurance is important for every business that is involved in shipping or receiving goods.
Cover is also available Worldwide for cargo importer and exporters.
Australia Wide cover only is also available for cartage contractors in the transport industry, construction tradies and other business product suppliers.
What can it cover?
There are many different types of marine-related insurance policies – the type you choose will vary based on your specific needs.
Depending on the type of policy you choose, marine insurance policies can cover:
Goods transported by sea, air, rail or road from collection point to delivery
Marina operators, yacht clubs, ship repairers, port authorities and other marine service providers against third-party injury and property damage
Loss or liability for commercial vessel operators, such as charter or tourist boats, fishing vessels, tugs or barges
Trucking or logistics companies who transport goods within Australia
Pleasure crafts, such as yachts or cruisers for accidental damage, theft, sinking, property damage and even third-party injury for water skiers
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
TRADE CREDIT
Help protect your business against the potential misfortunes of your customers.
If you trade or sell goods on a credit basis, you’re at risk of bad debt or non-payment by customers. This can disrupt your cashflow and leave you out of pocket.
Who should consider it?
All registered businesses that sell goods and services on credit terms, such as 30 days to pay, should consider trade credit insurance. This includes businesses that trade domestically and internationally.
Some trade credit insurance policies also offer the bonus of working with designated collection agencies to help you recover your debts – taking the pressure off this difficult and time-consuming process.
What can it cover?
Depending on the policy, trade credit insurance can be either:
Comprehensive cover: Protecting your entire credit portfolio, including domestic and export customers
Excess of loss: Suitable for businesses with strong internal credit management processes who want cover for exceptional loss across their entire portfolio
Exclusions apply. There is also often a deductible or excess and limits on cover, so check with us today.
WORKERS COMPENSATION INSURANCE
Ensure you have the right amount of this compulsory cover.
Employers are required by law to take steps to ensure their workplaces are safe. This includes having workers’ compensation insurance for all their employees.
Who should consider it?
Workers’ compensation insurance is compulsory for all employers in every state and territory in Australia.
Each state or territory has its own workers’ compensation scheme, run by independent regulators, with rules differing slightly between each jurisdiction.
What can it cover?
Workers’ compensation insurance pays employees who are injured at work or become sick because of their work.
Workers’ compensation insurance can cover:
Employees’ wages if they’re not fit to work
The cost of their rehabilitation and medication
Exclusions apply. There is also often an excess period and limits on cover, so check with us today.
Our workers compensation admin fee start at $250 excluding GST. Excluding claims management.