Westpac Banking Corporation

Insurance

Business Insurance

Essentials

  • Comprehensive commercial insurance for businesses of all sizes

This policy provides insurance for:

  • Retail shops
  • Trades people
  • Commercial investment properties
  • Office
  • Manufacturing
  • Businesses.

With a single policy cover for:

  • Property
  • Employee dishonesty
  • Business interruption
  • Machinery
  • Theft and money
  • Electronic equipment
  • Glass
  • General property
  • Public and product liability
  • Tax investigation.
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Did you know?

In 2011, Money Magazine has awarded Westpac the prestigious 'Business Bank of the Year" award for the fourth year in a row.

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Things you should know
  • Westpac Banking Corporation (the Bank) refers customers to insurance companies which provide the types of insurances described in this document. The Bank is not the representative or agent of any of these insurance companies, nor does the Bank arrange the insurances. The insurances are not investments in or deposits with the Bank. No Westpac Group company has any liability in connection with policies issued by the insurance companies referred to. The Bank does not guarantee payments under the insurances. The Bank is entitled to up to 15% commission on premiums for all insurances issued following referrals made by the Bank.
  • A Product Disclaimer Statement for these insurance products should be obtained from the insurer.

Features

Tailor your insurance to protect your business against a wide range of events. 

Property

Buildings, contents and stock are covered for a range of events including fire, explosion, earthquake, and storm.

Business interruption

Insure your business's gross income, or weekly income, payroll, and any rental expenses, so you can continue trading should your business be interrupted by any of the events listed in your policy.

Theft and money

Provides cover for:

  • Theft of contents and stock
  • Monies while in transit, on your premises or in your private residence
  • Damage to locks
  • Injury during theft
  • Replacement for clothing, tools or personal effects.

Glass

The insurer will pay the amount insured to replace external and internal glass, as well as specified glass items such as signs.

Public and product liability

The insurer will pay compensation for personal injury, or damage to property, including liability arising from the ownership of buildings or land in connection with your business.

Employee dishonesty

Provides cover against fraudulent or dishonest actions committed by your employees that directly results in loss of money, negotiable instruments or goods.

Machinery, pressure equipment and goods in cold chambers

Covers damage to:

  • Machinery caused by mechanical or electrical breakdown
  • Boilers and pressure equipment caused by explosion and collapse
  • Goods in cold chambers caused by power supply interruptions.

Computer systems and electronic equipment

There are two choices of cover to select from under this policy.

Section A

Provides a choice of 3 covers:

  • Fire and perils
  • Accidental damage, including theft
  • Breakdown.
Section B

Includes cover for Business interruption as a result of a financial loss incurred under Section A, such as the increased cost of working and reinstating data.

General property

Primarily covers property, excluding stock, that is carried around, such as tools of trade or laptops.  Multiple choices, and variations of cover, can be included depending on the type of business conducted.

Taxation investigation

Covers costs incurred by your accountant, or registered tax agent, when notified by the Australian Taxation Office, to conduct an audit or investigation into your tax liability. 

Things you should know
  • Westpac Banking Corporation (the Bank) refers customers to insurance companies which provide the types of insurances described in this document. The Bank is not the representative or agent of any of these insurance companies, nor does the Bank arrange the insurances. The insurances are not investments in or deposits with the Bank. No Westpac Group company has any liability in connection with policies issued by the insurance companies referred to. The Bank does not guarantee payments under the insurances. The Bank is entitled to up to 15% commission on premiums for all insurances issued following referrals made by the Bank.
  • A Product Disclaimer Statement for these insurance products should be obtained from the insurer.

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