Insurance

No two businesses are exactly the same. Accordingly, insurance requirements can vary from one business to the next. What you need is a single but highly flexible policy that allows you to customise the type and extent of protection to suit your specific business assets. With Westpac's Business Insurance, you get peace of mind in being able to:

Tailor insurance solutions to better suit your risk profile and budget
Choose from a wide range of covers for business, industry and commence – conveniently all under a single policy.

Coverage

Property
Provides protection for buildings, contents and stock against fire, explosion, earthquake, storm and tempest, to name a few of the risks available under this section. Replacement cover applies unless indicated otherwise on the Schedule.

Business Interruption
Disruption to trading in the aftermath of a fire or some other insured event can have more serious and financial ramifications than the actual damage itself. To better counter this risk you can insure your business's gross income or elected weekly income as well as payroll and any gross rental expenses incurred.

Theft and Money
Covers your contents and/or stock against theft. Additionally, monies can be insured in transit, on your premises or in your private residence. Further benefits are automatically covered, including damage to locks, injury during theft and replacement clothing, tools or personal effects.

Glass
Provides cover for the replacement cost of either external or internal glass, or both, as well as specified glass items such as signs for the selected sum insured.

Public and Product Liability
Your business can be covered against liability to 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
You can cover damage to machinery caused by mechanical or electrical breakdown. Additionally, boilers and pressure equipment can also be insured against explosion and collapse.

Goods in cold chambers can also be covered against deterioration due to power supply interruptions.

Computer systems and electronic equipment
There are several sections of cover available under this insurance category.

Section A, provides a choice of 3 covers: Fire and Perils, Accidental Damage (including Theft) and 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 moved around such as tools of trades or laptops. Multiple choices and variations of cover can be included depending on type of business conducted.

Taxation investigation
Covers costs incurred by your accountant or register tax agent (after receiving notification from the Australian Taxation Office) in conducting an audit or investigation into your tax liability.

How to apply

Getting the right mix and right amount of business insurance is what gives you peace of mind. We can help you achieve these goals by introducing you to an insurance expert. Together you can package a total business insurance solution that suits your needs. Start by contacting us:

Call Business Direct on 132 772 or Country Business Direct on 1300 134 979
Speak with your Business Banking Manager
Visit your local Westpac branch

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General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website.

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 PDS for these insurance products should be obtained from the insurer.