Protecting Your Business: Tailored Insurance Programs
Infinity Insurance Solutions understands that no two businesses are ever the same and no business has the same factors of risks. Our insured solutions are designed by insurance specialists who are dedicated to ensuring that your requirements are addressed through tailor-made coverage plans, whether it's public liability and property damage or any number of other forms of protection that enable you to do what you do best growing your business.
Trust in us as your business insurance partner and ensure all business aspects are completely tension-free, secure, and operated smoothly. Whether you are seeking an SME Insurance Broker Australia or someone who can protect your business at any cost, do not wander or surf, just trust us!
Trusted Public Liability and Commercial Property Insurance Brokers
Infinity Insurance Solutions is a team of insurance specialists who understand the risks every business faces. We are dedicated to helping you understand the different options for coverage and tailoring a plan that meets your unique needs. Our goal is to provide comprehensive protection and peace of mind for you and your business.
Property Damage
If you own property at your business location and seek protection against various perils like fire, water damage, flood, impact damage, and other covered incidents, the Property Damage Insurance provides comprehensive coverage. Notably, it excludes coverage for theft.
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Under the Property Damage Insurance, the following elements are covered:
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Buildings
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Fixtures & fittings
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Contents
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Stock
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Machinery
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Raw materials
Business Interruption
This insurance section covers lost Gross Profit, Gross Rent, and additional increased costs if your business faces interruption due to damages at your premises.
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Gross Profit or Gross Rentals
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Additional Increased Cost of Working
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Claim Preparation Costs
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Losses following damage at customers or suppliers premises
Money
Incidents such as break-ins, hold-ups, or theft of money in the absence of staff can be unfortunate. The Money section of the insurance specifically covers theft of money and negotiables by third parties from the business premises. Additionally, it provides coverage for money in transit to and from the bank or home. If you choose to take money away from the business premises, this insurance also extends coverage to protect the money at your home.
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Covers available:
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Money on the premises during business hours
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Money on the premises outside of business hours
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Money kept in a safe on the premises
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Money whilst in transit
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Money whilst kept at your private residence
Machinery Breakdown
In the event of breakdowns in essential equipment and machinery, which have the potential to disrupt your production supply chain, this insurance section is designed to provide coverage. Notably excluding Property Damage risks, it includes protection for:
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Breakdown of mechanical, electrical, pressure, and electronic equipment.
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Deterioration of stock in chambers, whether refrigerated or under controlled atmosphere, following a breakdown.
The coverage for Deterioration of Stock is especially crucial for businesses dealing with a substantial value of temperature-controlled products or raw materials.​
It's important to emphasize that the breakdown cover is not intended as a maintenance solution but should be regarded as a supplement to a well-established risk management program.
Public Liability
Public liability insurance is a crucial protective measure for your business, offering a financial shield against the uncertainties of liability claims and enabling you to operate with confidence.
While not obligatory, public liability insurance is highly advisable, given the unforeseeable nature of accidents and the potentially significant expenses associated with legal disputes.
This insurance coverage acts as a safeguard for your business, shielding it from legal liability towards third parties, including clients, customers, and the public. It provides coverage for claims related to injuries, property damage, and even emotional distress or shock caused by your business. Embracing this precautionary step ensures that your business is well-insulated against unforeseen incidents and potential legal entanglements.
Protect Your Assets With The Best Building Insurance Broker
The assets of the company would be better safeguarded by getting the appropriate type of insurance coverage. For this, Infinity Insurance Solutions, a reputed Commercial property insurance broker has various policies that are tailored to cover specific damage to property, theft, and machine breakdowns.
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Such all-inclusive options ensure that buildings, stock, and vital equipment in use are covered against unexpected occurrences so that you do not halt operations. But with our expertise, you can do it surely and be in control, manage the risks, and then protect what you have worked for.
​“Our happiness starts there, where your worry ends!”
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How much does business insurance cost?The cost of business insurance can vary widely and depends on several factors, including the type of business, its size, industry, location, coverage needs, and the perceived risks associated with its operations. Insurance companies consider these factors when calculating premiums. Here are some key factors that can influence the cost of business insurance: Type of Business: Different industries pose varying levels of risk. For example, a construction company may have higher liability risks than a consulting firm, impacting insurance costs. Business Size: The size of the business, including its revenue, number of employees, and physical assets, can influence insurance costs. Larger businesses often require more coverage and may face higher premiums. Location: The geographical location of the business can affect insurance costs. Businesses in areas prone to natural disasters or with higher crime rates may face increased premiums. Coverage Needs: The types and amounts of coverage needed will impact costs. Businesses with more extensive coverage, such as higher liability limits or additional endorsements, may pay higher premiums. Claims History: A business's claims history plays a role in determining premiums. A history of frequent or significant claims may lead to higher insurance costs. Industry Risks: Some industries are inherently riskier than others. Insurance costs may reflect the specific risks associated with a particular business sector. Type of Coverage: The specific insurance coverages selected, such as general liability, property insurance, workers' compensation, and others, contribute to the overall cost. Deductibles and Limits: The deductible (the amount the insured pays before the insurance coverage kicks in) and coverage limits chosen can impact premiums. Higher deductibles may result in lower premiums, but businesses should consider their ability to cover the deductible in the event of a claim. Risk Management Practices: Insurance companies may consider a business's risk management practices. Businesses with robust safety measures and risk mitigation strategies may qualify for lower premiums. To determine the cost of business insurance, it's advisable for business owners to work with insurance professionals who can assess their specific needs, provide customized quotes, and help them understand the coverage options available. Shopping around and comparing quotes from multiple insurers can also help businesses find competitive rates.
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Who need business insurance?Business insurance is essential for a wide range of businesses, regardless of their size or industry. Virtually all businesses face certain risks, and having the right insurance coverage helps mitigate the financial impact of unforeseen events. Here are categories of businesses and individuals who typically need business insurance: Small Businesses: Small businesses, including sole proprietors, partnerships, and LLCs, often need business insurance to protect their assets, property, and operations. This includes coverage for property damage, liability, and other common risks. Medium and Large Businesses: Medium to large businesses with more complex operations and higher assets may require a more comprehensive suite of insurance coverages. This can include policies for property, liability, workers' compensation, and specialized coverages based on the industry. Professional Service Providers: Professionals such as doctors, lawyers, accountants, consultants, and other service providers often need professional liability insurance (Errors and Omissions) to protect against claims of negligence or mistakes in their professional services. Retailers and Merchants: Businesses in the retail sector, including shops, stores, and online retailers, may need insurance coverage for their inventory, property, and general liability. Restaurants and Hospitality: Restaurants, cafes, hotels, and other businesses in the hospitality industry often require coverage for property damage, liability related to customers and employees, and business interruption. Manufacturers and Distributors: Manufacturing businesses and distributors may need coverage for their equipment, inventory, and liability associated with the products they produce or distribute. Contractors and Construction Companies: Construction businesses and contractors need insurance to cover their equipment, workers, and potential liabilities related to construction projects. Technology and IT Companies: Technology businesses, IT companies, and startups often need coverage for technology errors, data breaches, and other cyber-related risks. Transportation and Logistics: Businesses involved in transportation and logistics, including trucking companies and shipping services, need coverage for their vehicles, cargo, and liability on the road. Nonprofit Organizations: Nonprofits, despite their tax-exempt status, may still need insurance coverage for their operations, employees, and potential liabilities. Landlords and Property Owners: Property owners, landlords, and property managers may require coverage for commercial property, liability related to tenants, and potential property damage. It's important for business owners to assess their specific risks and consult with insurance professionals to determine the appropriate types and amounts of coverage. Business insurance is a critical component of risk management, providing financial protection and ensuring the continued viability of a business in the face of unexpected events.
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What is Public Liability Insurance?Public liability insurance is a type of business insurance that provides financial protection to businesses or individuals in the event that they are held liable for third-party injury or property damage. This coverage is designed to address the legal and financial consequences that may arise when someone (other than an employee) is injured or their property is damaged as a result of the insured's business activities. The specific coverage limits and terms of a public liability insurance policy can vary based on the type of business, its size, and the perceived risks associated with its activities. Business owners should carefully assess their liability exposure and work with insurance professionals to tailor a policy that meets their specific needs.