SME Checklist

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

This is not a Public Register - you must refer the info for updating Homepage

FAQ's

HTP Library

Client Product Library

IRI or ORI Industry/Occupation Risk Index

SME Brochure

Note - For HTP (hard to Place) Industries or Occupations HTP (link above)

The following is a 1 page summary based on 3 basic Industry categories.

To access “Occupation category” click here – if using the website go www.centralins.com.au and select Products, Industry/Occupation.

Customer Service Brochures As at

Industries Identified

10/02/15 10/02/15 10/02/15

SERVICE GOODS TRADE

SME Business - 1 Page basic Checklist

Help on related topics: 1. “Industry” type for Insurance purposes refer to RM of a policy – intended Industry, if the link fails click here to access via our website 2. “Entity” type for Insurance purposes refer to RM of a policy – Insured Entity” (insurable interest), if the link fails click here to access via our website

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

Created 10/02/15 Date

Client

TOPIC

SME Business [SERVICE] Industry: 1 Page Basic cover Checklist To summarise Priorities for the Client's Quick Review.

OBJECTIVE We have identified basic issues relating to each section to help our client's summarise budgeting decisions. It does not dismiss the need for a "Detailed Review".

Section Active Priority Approx Cost Excess Settlement Y/N High $150 per $75,000 $200 Replacement  Fire & Perils  Must insure for FULL Replacement Value otherwise the "Underinsurance" clause is applied.  Nominal Cost so over insure to allow for Fluctuating Values, Removal of Debris, Rewrite records etc., Y/N Medium $150 per $35,000 $250 Indemnity Value  Accidental Damage  To cover losses that may not be defined under the Fire & Perils section.  Useful for sensitive/fragile equipment or Internal Transit (shifting of Assets in premises) Y/N Medium $150 per $100,000 $100 Replacement  Consequential Loss of Income  Must insure for Full GROSS Profit (Not Turnover or Net Profit), however you can nominate Exp., not required to reduce S. Insured.  Claims trigger is a loss under the “fire and perils” section. Melbourne gas crisis, Bunbury tornado  Do you need  Key Staff or Machinery for 2/3 mths during recovery!  At least consider "I.C.O.W." (Increased Costs of Working) = $75.00 to $100 Y/N High $150 per $7,000 $150 Indemnity Value  Burglary  Not required to Insure for "Full" Value so consider "Smash and Grab" value as premium is high.  Must be Violent and/or Forcible entry to Premises (building), no open air cover Y/N Low $150 per $5,000 $100 Indemnity Value  Money  Cash (not cheques/scratchies etc.,) At work - Options include transit, safe or at home  With regard to cheques & the like, it only covers costs of replacing them not their value.  No cover after the close of the Next Banking Day ie., don’t insure for multiple days other then when bank closed (i.e weekends).

Y/N Low $270 to $400 Rep value $150 Replacement  Fixed Glass  Accidental breakage of glass through the entire thickness Declare Neon Signs – Inside and Out Y/N High $5mil $700 per 5 staff $250 Indemnity Value  Public Liability  $5Mil is the Minimum limit you should consider. (to Increase from $5mil to $10mil add 45%).  Also consider ''CCC'' (Care, Custody & Control of Customers Goods) Y/N Low Min Prem $200 $100 Indemnity Value  Fidelity  Fraud or Misappropriation of Company Assets by Employee (must demonstrate fraud to trigger a claim) Y/N Low Min Prem $300 $100 Indemnity Value  Mechanical/Electronic Breakdown  Sudden and unforeseen damage to Electrical/Mechanical items which are not otherwise covered under the above sections such as Fire and Burglary. Spoilage cover is available.

Y/N Medium $350 per $5,000 $250 Indemnity Value  General Property  Equipment (tools/demos) at and away from the Premises (cover = Fire & Perils + Burglary from building/vehicle) Y/N Low $400 to $500 for $50,000 10% Indemnity Value  Commercial Legal Expenses  To cover the Legal costs only. Must have opinion from lawyer of reasonable chance to win (Option for Taxation). $300 per $500pwk  Disability Accident Y/N High $ 10 per $1,000 1 wk Indemnity Value Capital/Life/TPD $600 per $500pwk Illness  If Self Employed you should have 24 hour cover work and Leisure time otherwise just “Leisure Time"  No medicals so review your Health Insurance Various Y/N High 1% to 3% min $700 Various  Motor Vehicles

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Y/N Low $200 per $20,000 $100 Goods in Transit Goods moved anywhere in WA &/or within Australia &/or Overseas. Cover can be Gold, Silver or Bronze Y/N Low Min Prem $400 10% Trade Debtors Cover is for ‘Protracted Default’ (after exhausting all efforts to recover) Y/N High Wage x 1% to 2.5% Nil Workers Compensation (separate policy)

Replacement Indemnity Value Indemnity Value

Y/N High Min Prem $1500 $2000 Indemnity Value Professional Indemnity (separate policy)  A professional duty exists where you receive a fee for Service, Advice, design or representation Y/N Low Min Prem $750 $250 Various  Corporate Travel  Annual policy for Domestic/overseas, includes usual travel ins exposures as well as overseas W.Comp gap cover. May include personal travel (before or after business) and spouses/children.

NB: [ ] Risks are static (known location) unless otherwise specified NB: This is only a summary, please spare a moment to review with us to "Protect your Assets" Other references, ORI= Occupation Risk Index, PD = Product Directory, CPL=Client Product Library

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

Created 10/02/15 Date

Client

TOPIC

SME Business [GOODS] Industry: 1 Page Basic Cover Checklist To summarise Priorities for the Client's Quick Review.

OBJECTIVE We have identified basic issues relating to each section to help our client's summarise their budgeting decisions. It does not dismiss the need for a "Detailed Review".

Section Active Priority Approx Cost Excess Settlement Y/N High $175 per $75,000 $150 Replacement  Fire & Perils  Must insure for FULL Replacement Value otherwise the "Underinsurance" clause is applied.  Nominal Cost so over insure to allow for Fluctuating Values, Removal of Debris, Rewrite records etc., Y/N Medium $150 per $30,000 $200 Indemnity Value  Accidental Damage  To cover losses that may not be defined under the Fire & Perils section.  Useful for sensitive/fragile equipment or Internal Transit (shifting of Assets in premises) Y/N High $175 per $100,000 $100 Replacement  Consequential Loss of Income  Must insure for Full GROSS Profit (Not Turnover or Net Profit), however you can nominate Exp., not required to reduce S. Insured.  Claims trigger is a loss under the “fire and perils” section. Melbourne gas crisis, Bunbury tornado  Do you need  Key Staff or Machinery for 2/3 mths during recovery!  At least consider "I.C.O.W." (Increased Costs of Working) = $75.00 to $100 Y/N High $200 per $5,000 $150 Indemnity Value  Burglary  Not required to Insure for "Full" Value so consider "Smash and Grab" value as premium is high.  Must be Violent and/or Forcible entry to Premises (building), no open air cover Y/N High $175 per $3,000 $100 Indemnity Value  Money  Cash (not cheques/scratchies etc.,) At work - Options include transit, safe or at home  With regard to cheques & the like, it only covers costs of replacing them not their value.  No cover after the close of the Next Banking Day ie., don’t insure for multiple days other then when bank closed (i.e weekends).

Y/N High $450 to $750 $150 Replacement  Fixed Glass  Accidental breakage of glass through the entire thickness Declare Neon Signs – Inside and Out Y/N High $5mil $750 2 staff $250 Indemnity Value  Public Liability  $5Mil is the Minimum limit you should consider. (to Increase from $5mil to $10mil add 45%).  PRODUCTS – are critical (Products = anything you service, test, install once it leave your possession).  CCC can be critical (''CCC'' = Care, Custody & Control of Customers Goods) Y/N Low Min Prem $250 $100 Indemnity Value  Fidelity  Fraud or Misappropriation of Company Assets by Employee (must demonstrate fraud to trigger a claim) Y/N Medium Min Prem $350 $100 Indemnity Value  Mechanical/Electronic Breakdown  Sudden and unforeseen damage to Electrical/Mechanical items which are not otherwise covered under the above sections such as Fire and Burglary. Spoilage cover is available.

Y/N Medium 175 per $2,000 $100 Indemnity Value  Spoilage – (perishable foods)  Only available if you have Mechanical Breakdown section activated Y/N Low $250 per $4,000 $250 Indemnity Value  General Property  Equipment (tools/demos) at and away from the Premises (cover = Fire & Perils + Burglary from building/vehicle) Y/N Low Avr $350 to $600 10% Indemnity Value  Commercial Legal Expenses  To cover the Legal costs only. Must have opinion from lawyer of reasonable chance to win (Option for Taxation). $350 per $500pwk  Disability Accident Y/N High $--10. per $1,000 1 wk Indemnity Value Capital/Life/TPD $680 per $500pwk Illness  If Self Employed you should have 24 hour cover work and Leisure time otherwise just “Leisure Time"  No medicals so review your Health Insurance Various Y/N High Various Various  Motor Vehicles

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Y/N Medium $250 per $20,000 $100 Goods in Transit Goods moved anywhere in WA &/or within Australia &/or Overseas. Cover can be Gold, Silver or Bronze Y/N Low Min Prem $350 $10% Trade Debtors Cover is for ‘Protracted Default’ (after exhausting all efforts to recover) Y/N High Wage x 3% to 5% Nil Workers Compensation (separate policy)

Replacement Indemnity Value Indemnity Value

Y/N Low Min Prem $750 $250 Various Corporate Travel  Annual policy for Domestic/overseas, includes usual travel ins exposures as well as overseas W.Comp gap cover. May include personal travel (before or after business) and spouses/children.

NB: [ ] Risks are static (known location) unless otherwise specified NB: This is only a summary, please spare a moment to review with us to "Protect your Assets" Other references, ORI= Occupation Risk Index, PD = Product Directory, CPL=Client Product Library

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

Created 10/02/15 Date

Client

TOPIC

SME Business [TRADE] Industry: 1 Page Basic Cover Checklist To summarise Priorities for the Client's Quick Review.

OBJECTIVE We have identified basic issues relating to each section to help our client's summarise their budgeting decisions. It does not dismiss the need for a "Detailed Review".

Section Active Priority Approx Cost Excess Settlement Y/N Medium $175 per $75,000 $200 Replacement  Fire & Perils  Must insure for FULL Replacement Value otherwise the "Underinsurance" clause is applied.  Nominal Cost so over insure to allow for Fluctuating Values, Removal of Debris, Rewrite records etc., Y/N Low $200 per $20,000 $250 Indemnity Value  Accidental Damage  To cover losses that may not be defined under the Fire & Perils section.  Useful for sensitive/fragile equipment or Internal Transit (shifting of Assets in premises) Y/N Low $175 per $100,000 $100 Replacement  Consequential Loss of Income  Must insure for Full GROSS Profit (Not Turnover or Net Profit), however you can nominate Exp., not required to reduce S. Insured.  Claims trigger is a loss under the “fire and perils” section. Melbourne gas crisis, Bunbury tornado  Do you need  Key Staff or Machinery for 2/3 mths during recovery!  At least consider "I.C.O.W." (Increased Costs of Working) = $75.00 to $100 Y/N Medium $250 per $4,000 $200 Indemnity Value  Burglary  Not required to Insure for "Full" Value so consider "Smash and Grab" value as premium is high.  Must be Violent and/or Forcible entry to Premises (building), no open air cover Y/N Low $175 per $3,000 $100 Indemnity Value  Money  Cash (not cheques/scratchies etc.,) At work - Options include transit, safe or at home  With regard to cheques & the like, it only covers costs of replacing them not their value.  No cover after the close of the Next Banking Day ie., don’t insure for multiple days other then when bank closed (i.e weekends).

Y/N Low $350 to $500 $250 Replacement  Fixed Glass  Accidental breakage of glass through the entire thickness Declare Neon Signs – Inside and Out Y/N High $5mil $800 3 staff $350 Indemnity Value  Public Liability  $5Mil is the Minimum limit you should consider. (to Increase from $5mil to $10mil add 45%).  PRODUCTS – are critical (Products = anything you service, test, install once it leave your possession).  CCC can be critical (''CCC'' = Care, Custody & Control of Customers Goods)  Extensions relevant to your Trade should be identified and considered – variations Y/N Low Min Prem $350 $100 Indemnity Value  Fidelity  Fraud or Misappropriation of Company Assets by Employee (must demonstrate fraud to trigger a claim) Y/N Medium Min Prem $400 $100 Indemnity Value  Mechanical/Electronic Breakdown  Sudden and unforeseen damage to Electrical/Mechanical items which are not otherwise covered under the above sections such as Fire and Burglary. Spoilage cover is available.

Y/N Medium 200 per $2,000 $100 Indemnity Value  Spoilage (Perishable foods)  Only available if you have Mechanical Breakdown section activated Y/N Low $350 per $4,000 $250 Indemnity Value  General Property (tools)  Equipment (tools/demos) at and away from the Premises (cover = Fire & Perils + Burglary from building/vehicle) Y/N Medium $250 per $10,000 250/1% Market Value  CPM – Contractors Plant Machinery  Own Damage and/or Liability (tool of trade), Hire in/out, Accidental Overload, Y/N Low Avr $350 to $650 10% Indemnity Value  Commercial Legal Expenses  To cover the Legal costs only. Must have opinion from lawyer of reasonable chance to win (Option for Taxation). $480 per $500pwk  Disability Accident Y/N High $--10 per $1,000 2 wk Indemnity Value Capital/Life/TPD $650 per $500pwk Illness  If Self Employed you should have 24 hour cover work and Leisure time otherwise just “Leisure Time"  No medicals so review your Health Insurance Various Y/N High Various Various  Motor Vehicles

 

 

 

Y/N Medium $250 per $20,000 $100 Goods in Transit Goods moved anywhere in WA &/or within Australia &/or Overseas. Cover can be Gold, Silver or Bronze Y/N Low Min Prem $350 $10% Trade Debtors Cover is for ‘Protracted Default’ (after exhausting all efforts to recover) Y/N High Wage x 5% to 9% Nil Workers Compensation (separate policy)

Replacement Indemnity Value Indemnity Value

Y/N Low Min Prem $750 $250 Various Corporate Travel  Annual policy for Domestic/overseas, includes usual travel ins exposures as well as overseas W.Comp gap cover. May include personal travel (before or after business) and spouses/children.

NB: [ ] Risks are static (known location) unless otherwise specified NB: This is only a summary, please spare a moment to review with us to "Protect your Assets" Other references, ORI= Occupation Risk Index, PD = Product Directory, CPL=Client Product Library