What is a ‘Flood’?

In June 2012, the Insurance Council of Australia and Federal Government agreed to adopt the below definition:- The definition of flood is: The covering of normally dry land by water that has escaped or been released from the normal confines of: Any lake, or any river, creek or other natural watercourse, whether or not altered or modified; or Any reservoir, canal, or dam.

Office Packages | Business Insurance – First Peoples Insurance

Q: Can I pay my premiums by the month?

Yes. First Peoples Insurance can arrange monthly premium funding for many insurance policies through approved premium funding providers. For commercial insurance policies, the interest charged on a premium funding loan may be tax deductible, depending on your circumstances. Tax treatment differs for personal insurance products and may not be deductible. You should seek advice from your accountant or tax adviser regarding the tax implications of any premium funding arrangement.

Q: Is Flood cover automatic?

No – most insurers do NOT offer Flood as an automatic cover. If you want this cover under your policy, please tell your adviser.

Q: How do I make a claim?

As your Adviser, you will always contact First Peoples Insurance in the first instance and we will guide you through the claims process as this can vary from insurer to insurer.

An Office Insurance policy helps to protect those aspects of your business to which you value most, and it is customisable allowing you to insure your whole business under one policy.

Whilst similar to a Business Insurance policy, Office Insurance policies are specifically for office-based risks.

Why is this cover important?

An Office Insurance policy helps to protect those aspects of your business to which you value most, and it is customisable allowing you to insure your whole business under one policy.

Whilst similar to a Business Insurance policy, Office Insurance policies are specifically for office-based risks.

Occupations this style of policy is ideal for include:

Accountants
Book-Keepers
Mortgage Brokers
Finance Brokers
Insurance Brokers
Call Centres
IT Professionals
Medical & Health Establishments
Solicitors Offices
Professionals
Consultants
Administrative Services
Other General Offices

Policy cover can include:

As a business owner, there is nothing more important than having comprehensive business insurance as the risks increase. The policies available through First Peoples Insurance can cover:

Fire / Flood or Material Damage

Covers your Building and Contents/Equipment against losses due to Fire, Storm and tempest, Earthquake, and Malicious Acts. Cover is automatically extended to include Accidental Damage or Loss.

Building, Contents or General Property

Damage to property (Building, Contents, and Stock etc.) caused by Fire and nominated perils.

Burglary and Theft

Covers your property for loss after a break and enter.

Business Interruption

In the event that an insurable loss causes you to cease trading, this cover can replace any lost income during a period of time. Other covers such as accountant’s fees can also be insured under this section.

Internal or External Glass

This section covers breakage of fixed glass for its full replacement cost. Cover for Advertising signs is also included up to a designated limit.

Money

Covers Loss or damage to cash, cheques, and negotiable instruments.

Machinery Breakdown

Covers repair or replacement cost after a breakdown to your plant and equipment.

Electronic Equipment Breakdown

Covers repair or replacement cost after a breakdown to your electronic equipment.

Public & Products Liability

Covers your legal liability for any bodily injury and property damage arising out of the course of your business activities.

Tax Audit

This covers the preparation expenses in the event the ATO conduct a tax audit on your business.

Broader protection & additional cover

Some important and beneficial extensions of cover are as follows:

Temporary Removal of Contents

Automatic cover for property while it is away from your standard place of business. Cover is included for 20% of your Contents sum insured for up to 90 days.

Temporary Protection & Watchmen

Covers the costs reasonably incurred by you to protect the property including the cost of temporary repairs, the hiring of watchmen or the removal of insured property to a place of safe storage pending the repair or reinstatement of your premises.

Business Interruption Extensions

If this section is taken, cover is extended to cover interruption to your business from Public Utilities and your suppliers if they suffer a loss at their own premises.
Cover is also extended to cover the prevention of access to your premises providing the cause/damage, is within 50km of your premises.

First Peoples Insurance is a 100% Aboriginal-owned, full-service insurance broker, not a product seller. We partner with you to understand your risks and design tailored insurance brokering solutions that evolve with your needs.

We have access to a large range of quality insurers and policies to ensure you obtain the best possible coverage.

Our claims team has years of experience and expertise in successfully managing complex and difficult claims

Frequently Asked Questions for the Office Insurance Package

In effect, they provide the same cover. The main point of difference is that an Office Pack is specifically for an Office based risk and that you automatically receive Burglary and Theft over and up to the full Contents sum insured.

In June 2012, the Insurance Council of Australia and Federal Government agreed to adopt the below definition:-

The definition of flood is:

The covering of normally dry land by water that has escaped or been released from the normal confines of:
Any lake, or any river, creek or other natural watercourse, whether or not altered or modified; or
Any reservoir, canal, or dam.

Yes. First Peoples Insurance can arrange monthly premium funding for many insurance policies through approved premium funding providers.

For commercial insurance policies, the interest charged on a premium funding loan may be tax deductible, depending on your circumstances. Tax treatment differs for personal insurance products and may not be deductible.

You should seek advice from your accountant or tax adviser regarding the tax implications of any premium funding arrangement.

No– most insurers do NOT offer Flood as an automatic cover. If you want this cover under your policy, please tell your adviser.

Also known as the “Average” or Co-Insurance” Clause, Underinsurance is the result of nominating a value for an asset which is too low to actually replace it in the event it is lost or damaged.

Certain cover sections (Fire, Business Interruption – Income, and Electronic Equipment) contain the under-insurance clause. It is important to review the level of cover you have declared, as if the amount you have declared is too low, the insurer can apply a formula which limits their settlement to you for that loss. This can occur if you have declared less than 80% of the actual value of the risk/asset.

Many businesses unknowingly under-insure as they apply heavy depreciation to their assets or simply forget to include certain assets into their calculations.

As your Adviser, you will always contact First Peoples Insurance in the first instance and we will guide you through the claims process as this can vary from insurer to insurer.

Office Packages