Allianz Business Insurance

Allianz business insurance provides tailored coverage to more than 3 million local Australian businesses. 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. They offer a wide range of insurance and risk management products including public liability, small business insurance, workers compensation, commercial and corporate insurance as well as farm insurance.

Speak with a broker about getting business insurance with Allianz

If you are ready to speak with a consultant about different business insurance options available, simply enter your details in the form. Keep reading if you want to learn more about the different types of cover available.

What types of cover does Allianz offer?

• Small Business Insurance
• Worker Compensation Insurance
• Farm Insurance

What does Allianz Small Business Insurance cover?

Allianz Business Insurance provides cover for more than 2000 different small business occupations. Some of the included cover that's available includes:

• Public & Product Liability – with a $5 million, $10 million or $20 million limit of indemnity, this covers your liability for third party property damage or personal injury resulting from your work.
• 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.

What types of Business Vehicle and Commercial Motor Insurance is available?

Allianz Business Insurance offers the following type of business motor insurance:

• Commercial Motor Insurance – Allianz Business Insurance provides cover for up to 20 business-related vehicles, including sedans, wagons, utes, 4WD’s and vans up to five tonne carrying capacity plus trailers, agriculture, mobile and earthmoving equipment. It includes cover for additional accessories up to $5,000, a waiver of the basic excess for windscreen claims on vehicles up to two tonne carrying capacity, up to $5,000 cover for gates, ropes, chains and tarpaulins, up to $1,000 for personal property and up to $30,000,000 for third party property damage.

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:

Allianz Business Insurance Australia draws upon the global expertise of the worldwide Allianz Group in order to offer a comprehensive range of quality commercial and corporate insurance products.‎

What options do I have with Allianz Farm Insurance?

Allianz farm insurance provides a wide range of policy options. These are broken down into 3 sections of cover:

• Farms Pack: The farm pack lets you choose from 13 different cover options which can cover you for physical loss or damage, accidental damage, as well as a number of automatic additional and optional benefits. Coverage includes protection for:
  • Home property
  • Farm property
  • Motor vehicles
  • Personal accident and sickness
  • Land transit e.g loss or damage to farm goods while in a conveying vehicle
  • Pleasure craft e.g loss or damage while ashore within Australia or afloat on Australian Coastal Waters
  • Machinery breakdown
  • Computer/ electronic equipment
  • Theft of farm property

• Hobby Farms: If you own a smaller farm that is not run for profit, you can get farm insurance with Allianz. A hobby farm is defined as a farming business that is generating an income of $15,000 or less per tax year. It must also not be on land exceeding 50 hectares. You can get similar protection to the Farm Pack but will likely have much lower premiums.
• Crop Insurance: This can cover your crops against fire, drought, wind, hail, insect infestation, floods, frost and excessive rainfall.

What does Allianz Workers Compensation cover?

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.

Making a claim

Allianz Business Insurance offers a simple and timely claims process. You can download a claim form from their website and post or fax it to them or alternatively you can call them or lodge a claim online, which can usually be done in less than 10 minutes.

To make the process even faster, make sure you have the following details at hand when you lodge your claim with Allianz Business Insurance:

1. Your policy number and name of the insured
2. Date and time of the loss
3. Description of the loss (how it happened and the extent of the damage)
4. Details of others involved (names and contact details)
5. Your business details (ABN number etc).

Compare business insurance from Allianz with the aid of a broker