What you need to know
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Allianz business insurance provides tailored coverage to more than 3 million local Australian businesses.
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They work with businesses both big and small, providing workers compensation services to around 25% of Australian employees and insurance to over 50% of the top 200 BRW-listed companies.
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They offer a wide range of insurance and risk management products including public liability, small business insurance, workers compensation, commercial and corporate insurance.
Compare business insurance from Allianz with the aid of a broker
Allianz Business Insurance provides cover for more than 3000 different small business occupations. Some of the included cover that's available includes:
- Commercial Property. Covers replacement or reinstatement of damaged contents and stock as well as the building itself.
- Business Interruption. Covers consequential loss resulting from interruption of your business operations and offers annual gross revenue protection, with the option to increase the coverage amount.
- Theft. Covers the loss of valuable items stored at your premises and includes a range of cover limits for contents and tobacco cover.
- Glass. Covers breakages at your premises of internal and/or external glass.
- Money. Covers money in transit and on your premises during business hours, with a choice of coverage options.
- General Property. Covers tools of trade and electronic equipment while away from your premises within Australia, with the option to cover stock as well.
- Electronic Equipment. Covers the cost to repair or replace electronic equipment including computers in case they breakdown.
- Commercial Vehicle Insurance. This covers you or your employees for accidental damage to third party property if you're in a road accident while working.
- Goods in Transit. This covers your stock from accidental damage, fire or theft while being transported (in transit).
- Management Liability. This covers directors, officers or employees for alleged wrongful acts which can include: Directors and Officers Liability, Employment Practices Liability, Crime and Tax Audit.
- Machinery Breakdown. This covers costs to repair or replace your business machinery if it breaks.
Public and Products Liability cover from Allianz
Every business needs Public and Products Liability Insurance to protect themselves against claims of personal injury and property damage to third parties in connection with your business or the products you sell.
Allianz Business Insurance Public Liability cases can result in millions of dollars in damages being awarded, which is why Allianz Business Insurance offers a choice of $5 million, $10 million or $20 million limit of indemnity.
Personal injury to a third party includes:
- Death, bodily injury, illness, disease, disability, shock, fright, mental anguish and mental injury
- False arrest, wrongful detention or imprisonment and malicious prosecution
- Wrongful eviction
- Assault or battery
- Libel, slander, defamation of character or invasion of privacy.
Third party property damage includes:
- Loss or destruction of tangible property
- The loss of use of tangible property due to damage to other tangible property.
Allianz Commercial and Corporate Insurance
Allianz Business Insurance offers a range of insurance products designed to meet the needs of commercial and corporate businesses. These include:
- Business Pack
- Trades and Services Pack
- Farm Pack
- Crop Insurance
- Property
- Risk Finance
- Commercial Motor and Fleet
- Professional Indemnity
- Construction Liability
- Marine
- Transport and Machinery.
Workers compensation operates under complex state-based legislation. Allianz Workers Compensation aims to make workers compensation easier to navigate and understand, from how to proceed if an accident happens to knowing what to expect once a claim is accepted.
Allianz Workers Compensation cover can include:
- Contacting you or your employee about how to proceed with a claim.
- Providing you with a case manager to support you or your worker through their recovery.
- If a claim is accepted, you will generally receive payments in line with your usual pay cycle.
- Assisting you in finding the right medical help, including rehabilitation.
- Reimbursing you or your worker for medical costs or paying the medical provider directly.
