Brookvale Insurance Brokers are one of the top 20 Australian owned brokers. Brookvale has advised innumerable clients on all forms of insurance since 1983.
We are business insurance specialists
It takes a lot of courage to go into business on your own. You must be prepared to take chances, but that does not mean you have to take unnecessary risks. Taking out the right insurance policies is a smart move, that minimises your exposure to risks and secures the ongoing operation of your business.
Ready to Protect Your Business?
Contact our specialist team today for a comprehensive insurance review and quote tailored to your business needs.
Types of Insurance Policies
Workers Compensation
Insures employees against injury or death caused whilst at work. The rates for workers compensation are set by workcover and calculated by multiplying annual wages with the relevant occupation code. It is compulsory for all employers in NSW with a wage bill in excess of $7,500 per annum to carry workers compensation insurance.
Contract Works Insurance
All builders who are the principal contractor should carry contract works insurance. It covers material damage to the job whilst under construction, and Public Liability.
Marine Transit
Covers your stock/goods whilst being imported, exported or shipped around Australia, by air, sea, road or train.
Management Liability
Management Liability protects the individuals and the company in relation to the exposures associated with managing a company. Includes Directors & Officers Liability & Employment Practices Liability
Professional Indemnity
Covers the financial loss incurred by your clients as a result of your errors & omissions in your advice. It is critical for businesses providing advice, if you charge a fee for design/advice, you should consider professional indemnity insurance.
Personal Accident & Illness
Sole Traders & Partnerships are unable to purchase Workers Compensation for the principals, as they are not employees. This cover may be required if sub-contracting to others. It provides a weekly benefit following an injury.
Business/Office/Trade Package Insurance
Most insurance companies will provide a range of covers bundled together under a package policy. The sections are;
Business Interruption
loss of profits insurance. If the business is unable to trade due to a fire & perils event, this policy will pay business outgoings like wages and additional working expenses to keep the business operating whilst it is unable to trade.
Glass
Covers breakage of internal (bathroom) glass and external glass (doors and windows). Most commercial leases will require you to carry this insurance.
Fire & other Perils
sometimes referred to as material damage, is designed to cover the building, contents & stock of the business against perils such as fire, earthquake, lightning, storms, impact, malicious damage. Better policies also include cover for accidental damage. You must insure for the replacement value at today’s costs, otherwise a partial claim may be subject to the average provision.
Burglary
Covers theft of stock & contents and damage to premise following a break-in.
Public/Products Liability
covers your legal liability for compensation if someone who is not an employee or family member (third party) suffers injury/death & damage to others property as a result of negligence. Product Liability covers injury/death or damage as a result of failure of your products. Please note, if you are importing products, you are deemed to be the manufacturer. Most commercial leases will require you to carry this insurance.
Money
If the business handles Money, it must be insured separately, policy can extend to include cover while at the insured home, and in transit to be banked.
Why Choose Brookvale Insurance Brokers?
Specialist Expertise
Our team specializes in business insurance, understanding the unique risks and requirements of different industries.
Tailored Solutions
We work closely with you to understand your business and create customized insurance packages that fit your specific needs.
Cost Effective
As independent brokers, we compare policies from multiple insurers to find you the best coverage at competitive rates.
Ongoing Support
We're here when you need us most - from initial setup through to claims assistance and policy reviews.