Part 1 – Policy summary AAMI Business Insurance offers a range of insurance covers for your business. These are listed below. Not all of these covers are available on their own, some are dependent on you taking out another cover as well. For the covers you have selected please refer to “What’s Covered” in the schedule. Cover type
Summary of covers (See the relevant Section for details, relevant limits, and specific conditions and exclusions that apply)
Section 1A: Fire and Defined Events
This section covers the damage to your property at your premises from certain sudden, unexpected or unforeseen occurrences, and provides a number of automatic additional benefits.
Section 1B: Theft
This section covers loss of or damage to your property due to theft and provides a number of additional benefits.
Section 1C: Glass and Signs
This section covers glass in your premises (including internal glass such as glass partitions or external windows) and provides a number of automatic additional benefits.
Section 1D: Breakdown of Machinery, Computers and Electronic Equipment
This section covers the breakdown of your business’s mechanical machinery including air conditioning units, computers and electronic equipment such as photocopiers and faxes.
Section 1E: Restoration of Computer Data
This section covers the cost of rewriting your business’s computer records following a computer breakdown.
Section 1F: Computer Breakdown – Increased Costs of Working
This section covers the increased costs of working (such as the hiring of alternative computers or the hiring of additional staff) following the breakdown of your business’s computers.
Section 1G: Deterioration of Stock
This section covers the costs of replacing your business’s stock which is kept in freezers or refrigerated units, if the fridge or freezer breaks down.
Section 2: Money
This section covers your business’s money whilst on your premises, in a safe or strongroom, in transit to or from your premises, in your personal custody, or the custody of a trusted employee.
Section 3: Portable and Valuable Items
This section covers the loss of or damage to portable property such as tools, laptop computers or personal digital assistants throughout Australia and the rest of the world.
Section 4: Employee Dishonesty
This section covers the theft of your business’s property or money due to the fraudulent actions of employees for their own gain or the financial benefit of any other person or organisation.
Section 5: Back in Business
This section covers you for lost business revenue and the increased costs of working as a result of damage to property caused by specified insured events and provides some automatic Extra Benefits.
Section 6: Goods in Transit
This section covers the loss or damage to goods and stock that your business buys, sells or uses whilst they are in transit.
Section 7: Legal Liability
This section covers the legal liability of your business for personal injury to another person (other than employees) or damage to property owned or controlled by someone else.
Section 8: Tax Probe®
This section covers the professional fees incurred in connection with an audit or investigation of the business’s financial or tax affairs by any authority authorised to do so; for example the Australian Taxation Office.
Section 9: Legal Power®
This section covers the legal expenses that your business may incur when pursuing or defending your legal rights in respect of disputes including, but not limited to, Employment Contracts and Contract Disputes.
Section 10: Commercial Motor
This section covers the business’s Motor Vehicles with Comprehensive or Legal Liability Only.
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