SME basic cover checklist

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

This is not a Public Register - you must refer the info for updating Homepage

FAQ's

HTP Library

Client Product Library

IRI or ORI Industry/Occupation Risk Index

SME Brochure

Note - For HTP (hard to Place) Industries or Occupations HTP (link above)

The following is a 1 page summary based on 3 basic Industry categories.

To access “Occupation category” click here – if using the website go www.centralins.com.au And select Products “industry/Occupation” Customer Service Brochures Created

Industries Identified

08/09/05 23/09/05 06/10/05

SERVICE GOODS TRADE

SME Business - 1 Page basic Checklist

Help on related topics: 1. “Industry” type for Insurance purposes refer to RM of a policy – intended Industry, if the link fails click here to access via our website 2. “Entity” type for Insurance purposes refer to RM of a policy – Insured Entity” (insurable interest), if the link fails click here to access via our website

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

Created 10/02/07 Date

Client

TOPIC

SME Business [SERVICE] Industry: 1 Page Basic cover Checklist To summarise Priorities for the Client's Quick Review.

OBJECTIVE We have identified basic issues relating to each section to help our client's summarise budgeting decisions. It does not dismiss the need for a "Detailed Review".

Section Active Priority Approx Cost Excess Settlement Y/N High $120 per $50,000 Replacement $150 Fire & Perils 9 Must insure for FULL Replacement Value otherwise the "Underinsurance" clause is applied.

9 Nominal Cost so over insure to allow for Fluctuating Values, Removal of Debris, Rewrite records etc., Y/N Medium $100 per $20,000 Indemnity Value $200 Accidental Damage 9 To cover losses that may not be defined under the Fire & Perils section.

9 Useful for sensitive/fragile equipment or Internal Transit (shifting of Assets in premises) Y/N Medium $110 per $60,000 Replacement $100 Consequential Loss of Income 9 Must insure for Full GROSS Profit (Not Turnover or Net Profit), however you can nominate Exp., not required to reduce S. Insured.

9 Claims trigger is a loss under the “fire and perils” section. Melbourne gas crisis, Bunbury tornado 9 Do you need Key Staff or Machinery for 2/3 mths during recovery!

9 At least consider "I.C.O.W." (Increased Costs of Working) = $75.00 to $100 Y/N High $130 per $5,000 Indemnity Value $150 Burglary 9 Not required to Insure for "Full" Value so consider "Smash and Grab" value as premium is high.

9 Must be Violent and/or Forcible entry to Premises (building), no open air cover Y/N Low $120 per $3,000 Indemnity Value $100 Money 9 Cash (not cheques/scratchies etc.,) At work - Options include transit, safe or at home 9 With regard to cheques & the like, it only covers costs of replacing them not their value.

9 No cover after the close of the Next Banking Day ie., don’t insure for multiple days other then when bank closed (i.e weekends).

Y/N Low $270 to $400 Replacement $150 Fixed Glass 9 Accidental breakage of glass through the entire thickness Declare Neon Signs – Inside and Out Y/N High $5mil $550 5 staff Indemnity Value $250 Public Liability 9 $5Mil is the Minimum limit you should consider. (to Increase from $5mil to $10mil add 45%).

9 Also consider ''CCC'' (Care, Custody & Control of Customers Goods) Y/N Low Min Prem $165 Indemnity Value $100 Fidelity 9 Fraud or Misappropriation of Company Assets by Employee (must demonstrate fraud to trigger a claim) Y/N Low Min Prem $220 Indemnity Value $100 Mechanical/Electronic Breakdown 9 Sudden and unforeseen damage to Electrical/Mechanical items which are not otherwise covered under the above sections such as Fire and Burglary. Spoilage cover is available.

Y/N Medium $280 per $5,000 Indemnity Value $250 General Property 9 Equipment (tools/demos) at and away from the Premises (cover = Fire & Perils + Burglary from building/vehicle) Avr $325 to $500 for Indemnity Value Y/N Low 10% Commercial Legal Expenses $50,000 cover 9 To cover the Legal costs only. Must have opinion from lawyer of reasonable chance to win (Option for Taxation). $250 per $500pwk Disability Accident $ 5 per $1,000 Indemnity Value Y/N High 1 wk Capital/Life/TPD $520 per $500pwk Illness 9 If Self Employed you should have 24 hour cover work and Leisure time otherwise just “Leisure Time" 9 No medicals so review your Health Insurance Various Various Y/N High Various Motor Vehicles

9

9

Y/N Low $165 per $20,000 $100 Goods in Transit Goods moved anywhere in WA &/or within Australia &/or Overseas. Cover can be Gold, Silver or Bronze Y/N Low Min Prem $280 10% Trade Debtors Cover is for ‘Protracted Default’ (after exhausting all efforts to recover) Y/N High Wage x 2% to 3% Nil Workers Compensation (separate policy)

Replacement Indemnity Value Indemnity Value

Y/N High Min Prem $1500 Indemnity Value $2000 Professional Indemnity (separate policy) 9 A professional duty exists where you receive a fee for Service, Advice, design or representation Y/N Low Min Prem $650 Various $250 Corporate Travel 9 Annual policy for Domestic/overseas, includes usual travel ins exposures as well as overseas W.Comp gap cover. May include personal travel (before or after business) and spouses/children.

NB: [ ] Risks are static (known location) unless otherwise specified NB: This is only a summary, please spare a moment to review with us to "Protect your Assets" Other references, ORI= Occupation Risk Index, PD = Product Directory, CPL=Client Product Library

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

Created 23/09/05 Date

Client

TOPIC

SME Business [GOODS] Industry: 1 Page Basic Cover Checklist To summarise Priorities for the Client's Quick Review.

OBJECTIVE We have identified basic issues relating to each section to help our client's summarise their budgeting decisions. It does not dismiss the need for a "Detailed Review".

Section Active Priority Approx Cost Excess Settlement Y/N High $135 per $35,000 Replacement $150 Fire & Perils 9 Must insure for FULL Replacement Value otherwise the "Underinsurance" clause is applied.

9 Nominal Cost so over insure to allow for Fluctuating Values, Removal of Debris, Rewrite records etc., Y/N Medium $125 per $10,000 Indemnity Value $200 Accidental Damage 9 To cover losses that may not be defined under the Fire & Perils section.

9 Useful for sensitive/fragile equipment or Internal Transit (shifting of Assets in premises) Y/N High $120 per $45,000 Replacement $100 Consequential Loss of Income 9 Must insure for Full GROSS Profit (Not Turnover or Net Profit), however you can nominate Exp., not required to reduce S. Insured.

9 Claims trigger is a loss under the “fire and perils” section. Melbourne gas crisis, Bunbury tornado 9 Do you need Key Staff or Machinery for 2/3 mths during recovery!

9 At least consider "I.C.O.W." (Increased Costs of Working) = $75.00 to $100 Y/N High $120 per $3,000 Indemnity Value $150 Burglary 9 Not required to Insure for "Full" Value so consider "Smash and Grab" value as premium is high.

9 Must be Violent and/or Forcible entry to Premises (building), no open air cover Y/N High $120 per $3,000 Indemnity Value $100 Money 9 Cash (not cheques/scratchies etc.,) At work - Options include transit, safe or at home 9 With regard to cheques & the like, it only covers costs of replacing them not their value.

9 No cover after the close of the Next Banking Day ie., don’t insure for multiple days other then when bank closed (i.e weekends).

Y/N High $340 to $500 Replacement $150 Fixed Glass 9 Accidental breakage of glass through the entire thickness Declare Neon Signs – Inside and Out Y/N High $5mil $650 2 staff Indemnity Value $250 Public Liability 9 $5Mil is the Minimum limit you should consider. (to Increase from $5mil to $10mil add 45%).

9 PRODUCTS – are critical (Products = anything you service, test, install once it leave your possession).

9 CCC can be critical (''CCC'' = Care, Custody & Control of Customers Goods) Y/N Low Min Prem $165 Indemnity Value $100 Fidelity 9 Fraud or Misappropriation of Company Assets by Employee (must demonstrate fraud to trigger a claim) Y/N Medium Min Prem $250 Indemnity Value $100 Mechanical/Electronic Breakdown 9 Sudden and unforeseen damage to Electrical/Mechanical items which are not otherwise covered under the above sections such as Fire and Burglary. Spoilage cover is available.

Y/N Medium 120 per $1,000 Indemnity Value $100 Spoilage – (perishable foods) 9 Only available if you have Mechanical Breakdown section activated Y/N Low $250 per $4,000 Indemnity Value $250 General Property 9 Equipment (tools/demos) at and away from the Premises (cover = Fire & Perils + Burglary from building/vehicle) Y/N Low Avr $250 to $500 Indemnity Value 10% Commercial Legal Expenses 9 To cover the Legal costs only. Must have opinion from lawyer of reasonable chance to win (Option for Taxation). $270 per $500pwk Disability Accident $---6. per $1,000 Indemnity Value Y/N High 1 wk Capital/Life/TPD $480 per $500pwk Illness 9 If Self Employed you should have 24 hour cover work and Leisure time otherwise just “Leisure Time" 9 No medicals so review your Health Insurance Various Various Y/N High Various Motor Vehicles

9

9

Y/N Medium $165 per $20,000 $100 Goods in Transit Goods moved anywhere in WA &/or within Australia &/or Overseas. Cover can be Gold, Silver or Bronze Y/N Low Min Prem $265 $10% Trade Debtors Cover is for ‘Protracted Default’ (after exhausting all efforts to recover) Y/N High Wage x 3% to 5% Nil Workers Compensation (separate policy)

Replacement Indemnity Value Indemnity Value

Y/N Low Min Prem $650 Various $250 Corporate Travel 9 Annual policy for Domestic/overseas, includes usual travel ins exposures as well as overseas W.Comp gap cover. May include personal travel (before or after business) and spouses/children.

NB: [ ] Risks are static (known location) unless otherwise specified NB: This is only a summary, please spare a moment to review with us to "Protect your Assets" Other references, ORI= Occupation Risk Index, PD = Product Directory, CPL=Client Product Library

Reg Proprietor: Central Brokerage Services Pty Ltd (ACN: 008 801 241)

52 Melville Parade, South Perth WA 6151 PO Box 408, South Perth WA 6951 Ph: (08) 9368-8999 Fx: (08) 9367-5335 Website: http://www.centralins.com.au

AFSL: 241187

NB: Costs are “Industry” minimum/average indications only for Quick Budgeting Purposes.

Covers are BASIC for SMALL BUSINESS, without consideration of Individual Occupation and Business Size.

Created 10/02/07 Date

Client

TOPIC

SME Business [TRADE] Industry: 1 Page Basic Cover Checklist To summarise Priorities for the Client's Quick Review.

OBJECTIVE We have identified basic issues relating to each section to help our client's summarise their budgeting decisions. It does not dismiss the need for a "Detailed Review".

Section Active Priority Approx Cost Excess Settlement Y/N Medium $120 per $35,000 Replacement $150 Fire & Perils 9 Must insure for FULL Replacement Value otherwise the "Underinsurance" clause is applied.

9 Nominal Cost so over insure to allow for Fluctuating Values, Removal of Debris, Rewrite records etc., Y/N Low $135 per $10,000 Indemnity Value $200 Accidental Damage 9 To cover losses that may not be defined under the Fire & Perils section.

9 Useful for sensitive/fragile equipment or Internal Transit (shifting of Assets in premises) Y/N Low $120 per $45,000 Replacement $100 Consequential Loss of Income 9 Must insure for Full GROSS Profit (Not Turnover or Net Profit), however you can nominate Exp., not required to reduce S. Insured.

9 Claims trigger is a loss under the “fire and perils” section. Melbourne gas crisis, Bunbury tornado 9 Do you need Key Staff or Machinery for 2/3 mths during recovery!

9 At least consider "I.C.O.W." (Increased Costs of Working) = $75.00 to $100 Y/N Medium $120 per $3,000 Indemnity Value $150 Burglary 9 Not required to Insure for "Full" Value so consider "Smash and Grab" value as premium is high.

9 Must be Violent and/or Forcible entry to Premises (building), no open air cover Y/N Low $120 per $3,000 Indemnity Value $100 Money 9 Cash (not cheques/scratchies etc.,) At work - Options include transit, safe or at home 9 With regard to cheques & the like, it only covers costs of replacing them not their value.

9 No cover after the close of the Next Banking Day ie., don’t insure for multiple days other then when bank closed (i.e weekends).

Y/N Low $270 to $500 Replacement $150 Fixed Glass 9 Accidental breakage of glass through the entire thickness Declare Neon Signs – Inside and Out Y/N High $5mil $600 Indemnity Value $250 Public Liability 9 $5Mil is the Minimum limit you should consider. (to Increase from $5mil to $10mil add 45%).

9 PRODUCTS – are critical (Products = anything you service, test, install once it leave your possession).

9 CCC can be critical (''CCC'' = Care, Custody & Control of Customers Goods) 9 Extensions relevant to your Trade should be identified and considered – variations Y/N Low Min Prem $165 Indemnity Value $100 Fidelity 9 Fraud or Misappropriation of Company Assets by Employee (must demonstrate fraud to trigger a claim) Y/N Medium Min Prem $250 Indemnity Value $100 Mechanical/Electronic Breakdown 9 Sudden and unforeseen damage to Electrical/Mechanical items which are not otherwise covered under the above sections such as Fire and Burglary. Spoilage cover is available.

Y/N Medium 120 per $1,000 Indemnity Value $100 Spoilage (Perishable foods) 9 Only available if you have Mechanical Breakdown section activated Y/N Low $250 per $4,000 Indemnity Value $250 General Property (tools) 9 Equipment (tools/demos) at and away from the Premises (cover = Fire & Perils + Burglary from building/vehicle) Y/N Medium $180 per $10,000 Market Value 250/1% CPM – Contractors Plant Machinery 9 Own Damage and/or Liability (tool of trade), Hire in/out, Accidental Overload, Y/N Low Avr $250 to $500 Indemnity Value 10% Commercial Legal Expenses 9 To cover the Legal costs only. Must have opinion from lawyer of reasonable chance to win (Option for Taxation). $380 per $500pwk Disability Accident $---6 per $1,000 Indemnity Value Y/N High 2 wk Capital/Life/TPD $490 per $500pwk Illness 9 If Self Employed you should have 24 hour cover work and Leisure time otherwise just “Leisure Time" 9 No medicals so review your Health Insurance Various Various Y/N High Various Motor Vehicles

9

9

Y/N Medium $165 per $20,000 $100 Goods in Transit Goods moved anywhere in WA &/or within Australia &/or Overseas. Cover can be Gold, Silver or Bronze Y/N Low Min Prem $265 $10% Trade Debtors Cover is for ‘Protracted Default’ (after exhausting all efforts to recover) Y/N High Wage x 6% to 10% Nil Workers Compensation (separate policy)

Replacement Indemnity Value Indemnity Value

Y/N Low Min Prem $650 Various $250 Corporate Travel 9 Annual policy for Domestic/overseas, includes usual travel ins exposures as well as overseas W.Comp gap cover. May include personal travel (before or after business) and spouses/children.

NB: [ ] Risks are static (known location) unless otherwise specified NB: This is only a summary, please spare a moment to review with us to "Protect your Assets" Other references, ORI= Occupation Risk Index, PD = Product Directory, CPL=Client Product Library