Business insurance, built around your business
A business takes years to build, but an accident or disaster could destroy it all in minutes. That is why we help businesses Australia-wide protect themselves with a quality business insurance pack.
With the right cover in place, you can run your business with confidence, knowing your premises, stock, equipment and reputation are protected.
What a business pack can cover
Business insurance packs offer general protection for a business, and may include cover for:
Property damage
Repair or replacement of damaged property.
Business interruption
Loss of trading profit after insured damage to property, plus additional costs and expenses during a claim.
Theft
Repair or replacement of stolen property.
Money
Loss of money.
Public and products liability
Your liability to pay compensation for personal injury and property damage, and the costs of defending a claim covered by the policy.
Glass
Replacing glass inside or outside your premises, including shopfront windows, mirrors and display cases.
Transit
Stock in transit by road, air or sea.
Electronic breakdown
Repairing or replacing electronic equipment that breaks down.
Machinery breakdown
Costs associated with machinery breakdown.
General property
Tools of trade, including laptops and tools you use for your profession or trade.
Tax audit
The costs of being audited by the ATO.
Employee dishonesty
Direct financial loss caused by the dishonest or fraudulent conduct of an employee, first discovered during the period of insurance.
Who should consider it?
Business owners can benefit from an affordable and comprehensive business insurance pack to help protect them against the main risks of running a business.
What usually is not covered? Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer and the requirements of your business. We take you through the ones that matter before you buy.
"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
A real-world example
A burst water pipe can close a business for weeks. Business interruption cover is what keeps income flowing while you rebuild.
Rohan's shop
Rohan owns a shop in the city. One night a water pipe bursts, flooding the building and damaging his stock. Even worse, the building must be evacuated and renovated to repair the water damage, so Rohan is unable to trade for six weeks.
Rohan's business insurance covers the cost of the renovations. And because he has business interruption insurance, he receives a payout to cover the income lost while he is unable to trade.
How we work with you
Independent broking, Australia-wide, with one point of contact.
- We learn how your business runs: what you do, turnover, staff, premises and contracts.
- We compare cover across a range of insurers and explain the key inclusions, exclusions and limits in plain English.
- We help with certificates of currency for landlords, leases and contracts.
- We support you at renewal, when your business changes, and through the claims process.
Frequently asked questions
What is a business pack policy?
A business pack combines several covers in one policy, such as property, contents, theft, glass, business interruption and public liability. You choose the sections you need.
How do I work out how much to insure my contents and stock for?
Use the full cost of replacing your equipment, fit-out and stock at today's prices. Underinsuring can reduce what you receive in a claim, so it is worth reviewing values every year.
What is business interruption insurance?
It helps replace lost income and pay ongoing costs if your business cannot trade after insured damage, such as a fire or storm. The indemnity period you choose matters, so think about how long recovery could realistically take.
Do I need cyber insurance as a small business?
Any business that uses email, takes card payments or stores customer data has cyber exposure. Cyber insurance can cover incident response, data recovery, business interruption and liability.
Does my landlord's insurance cover my business?
Usually not. The landlord typically insures the building. Your contents, stock, fit-out, income and liability need your own cover, and many leases require it.
When should I review my business insurance?
At every renewal, and whenever something changes: new premises, more staff, new services, higher turnover or new equipment.
Talk to us about your cover
We will review your premises, stock, equipment and current cover and talk through your options. Call us, email us or request a callback. We service businesses Australia-wide.
Get in touch
- Phone
- (03) 9078 6473
- info@mminsure.com.au
- Hours
- 9:00am to 5:30pm, Monday to Friday
Find out more
Every business is different - which means you need an insurance solution that is tailored for you. For more information, contact us today.
Contact us