Business Package Insurance

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Whether you’re a new business starting out and need to secure a comprehensive business package insurance policy, or you’re already covered but seeking a better deal, we’ve got you covered! Our main goal is to offer you a perfect balance between competitive pricing and outstanding coverage, ensuring peace of mind for your business. We understand the importance of striking that sweet spot between affordability and quality, and that’s what we bring to the table. So, let us take care of your insurance needs while you focus on growing your business and enjoying the journey!

Why waste endless hours searching for the best deals when we’ve got you covered? We offer you the most competitive options right from the start so you can save time and money.

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What you need to know about

Business Package Insurance cover for your business.

A business package insurance policy is one of the most common types of business insurance policies that you may already be familiar with. The concept behind this insurance is that it combines multiple sections of coverage into one convenient packaged policy. So, instead of having separate policies for different aspects of your business, you can have them all bundled together for simplicity and ease. It’s like having a one-stop shop for your insurance needs, making it more convenient and hassle-free.

A business package policy can include:

  • Public Liability
  • Personal Injury
  • Building/Contents Cover
  • Business Interruption insurance
  • Tax Audit Insurance
  • Theft, Glass, Machinery Breakdown, Electronic Equipment, Portable Tools
  • Plus more, depending on the insurer.

Since this policy is the most commonly chosen by business owners, it’s crucial that you fully comprehend the coverage you’re purchasing and how it protects you in the event of a claim. It’s important to have a clear understanding of your policy, ensuring peace of mind and confidence in your coverage should the need to make a claim arise. Remember, being well-informed is key to safeguarding your business interests.

As a proud member of the Steadfast Broking Network, we have access to exclusive benefits that allow us to provide industry-leading levels of coverage and tailored policy wordings specifically designed for Steadfast Brokers. With Steadfast by our side, we have a powerful quoting platform that enables us to negotiate with insurers and collaboratively agree on policy terms that benefit our clients and ensure a win-win situation for the insurers. By leveraging these advantages, we can offer you comprehensive protection and peace of mind like no other.

As a business insurance broker, we specialise in creating customised insurance policies that perfectly fit your business needs. Our goal is to ensure that your business is well-protected and adequately covered in the event of a claim. With our tailored business package insurance policy, you can have peace of mind knowing that your business is in good hands.

Why Priority Insurance Brokers?

Why should you use Priority Insurance Brokers to arrange your Business Package Insurance?

Want to save time and reduce your cost? Speak to a Broker today.

How Does A Small Business Insurance Package Differ?

While larger businesses have the advantage of spreading the cost of risk across many employees, small businesses often face the challenge of limited resources. However, A small business insurance package can be customised to perfectly align with your unique requirements, ensuring you only pay for what you truly need. 

In addition, a comprehensive small business insurance package can also provide specialised coverage for aspects such as product liability and professional indemnity. By customising their coverage to suit the unique requirements of their business, owners can ensure they not only survive but also thrive in the face of challenges and setbacks. With the right insurance protection in place, they can confidently navigate the ups and downs of the business world and continue to grow and succeed.

Need a Business Package Insurance Broker? We've got you covered.

We get it! Running a business is a whole lot of work, and as a business owner, you’re expected to have your finger on the pulse of every aspect of your operation. That’s where we come in. We aim to simplify getting the right business insurance pack for you. Our dedicated team of brokers will work closely with you to truly understand your business and ensure all the necessary measures are in place. No unpleasant surprises here, we promise! We take pride in being transparent and straightforward, so you won’t find us hiding behind any fine print. We’re here to support you every step of the way!

Why you should have a business package insurance policy?

One evening, after the restaurant had closed for the night, a pipe burst inside the owner’s shop in the city. The resulting flood not only damaged his stock but also caused harm to some of the fit-out work that had been completed.

The restaurant underwent a 6-week closure period for renovations. During this time, the owner utilized various sections of a comprehensive business package insurance policy. This included coverage for replacing stock and contents and addressing any damage to the establishment’s fitout. Additionally, the owner had business interruption insurance in place, compensating for the loss of income from the necessary rectification work.

A comprehensive business package insurance policy offers the convenience of consolidating multiple policy sections into one affordable and straightforward package. By combining different sections, policyholders can take advantage of cross-section triggers that extend coverage to other areas based on the nature of the loss. This enhances the policy’s effectiveness and ensures a seamless and efficient claims process.

Business Package Insurance - Frequently Asked Questions

What is business package insurance?

Business package insurance is a comprehensive insurance solution that bundles multiple coverage options into a single policy to cater to the diverse needs of businesses. It’s designed to offer businesses a holistic insurance solution by combining various coverages, often at a more competitive price than if each were purchased separately.

What is an example of a package policy?

One of the most common examples of a package policy is the Business Owners Policy (BOP). A BOP typically combines property insurance, general liability insurance, and business interruption insurance into one policy. This ensures that a business is covered for potential damages to its property, claims arising from injuries or damages, and lost income due to unforeseen business interruptions. By bundling these coverages, businesses can often achieve better rates and more streamlined policy management.

Why is it called Business Package Insurance?

The policy is referred to as a business package insurance policy, or sometimes as business pack insurance, because it is a policy which has a number of different sections which can be combined under the one policy. The policy offers a strong level of cover as well as a convenient option for business owners that require multiple covers for their business assets and operation.

Do I need business package insurance?

Determining whether you require business insurance depends on several factors, including the nature and scale of your business and the industry you operate in. If you have employees, contractors, or customers, it’s generally wise to have some form of protection in place.


However, if you need more certainty about the necessity of insurance for your business, feel free to reach out to a Priority broker. We’re here to assist you in evaluating your risks and suggesting the appropriate coverage tailored to your unique requirements.

What sections are included in a business package policy?

A business package insurance policy has the following sections which can be bundled and included under one policy:

  • Property damage
  • Business interruption
  • Theft
  • Public and Product Liability
  • Equipment Breakdown
  • Machinery breakdown

What types of risks does business package insurance cover?

There are many types of risks that business insurance can cover, including:

  • Property Damage
  • Liability
  • Product Liability
  • Injuries to the public or visitors to your business
  • and more

What is business contents insurance?

Business contents insurance can usually be defined as equipment, fit out, stock (under our Steadfast policy wordings) and machinery. The business contents insurance section will typically only cover you for fire, perils and accidental damage. Things like mechanical breakdown and theft need to be added separately.

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Sections of a business package insurance policy you should consider

Fire and Perils Cover

Fire and Perils cover of a business insurance policy will typically cover you for fire, storm damage, flood (only if approved by insurer), accidental damage and any other damages specified under the policy. The fire and perils section of the policy should include building, contents, stock and fitout costs.

Theft Cover

Theft cover is not automatically included under a business insurance. Theft is usually a specified amount by the policyholder and is the maximum claimable amount under this policy section.

Machinery Breakdown

Machinery breakdown typically covers any machinery at the premises that is specified. This could be ducted air-conditioning, cold room motors, manufacturing equipment. Sub-sections can also be taken under this section for things like loss of trade.

Electronic Equipment

Electronic equipment set up can cost a signficant amount of money should a loss occur. Electronic equipment cover is designed to cover your equipment for breakdown and the costs incurred in getting back up and running should your equipment malfunction due to an insurable event.

Portable Tools of Trade

Portable tools cover allows you to cover items that are continually taken away from the premises. These items can be specified for larger valued items or unspecified to have a blanket sum (usually $2,500 to $3,000) of cover per single item.

Glass Cover

Most commercial leases will require you to cover plate glass at the premises. The glass section of a business insurance policy will typically cover internal and external glass along with applicable signage that was on the glass before it was damaged.

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