Without protection your club could lose everything to a single event, like a storm or fire.
Asset Protect insurance can cover you for many types of risk, from theft and damage to your insured property to loss of income due to business interruption.
Our Asset Protect policies can help provide protection for:
Frequently Asked Questions
Some of the Sporting Risk Protection Programs we arrange automatically include a level of cover for club assets. Please check the relevant sport’s page on our website to find out more.
You can pay your insurance upfront by credit/debit card or BPAY. Alternatively, we can help you spread your payments by arranging premium funding to split your payments into monthly instalments.
Business interruption insurance typically covers loss of income and increased operating costs as a result of an insured event (property damage or loss) under your property insurance policy.
The policy is intended to provide cover from the date of the loss to when your turnover is back to its pre-loss level, however, this is subject to the coverage limits obtained and any applicable time deductible. Generally, business interruption insurance covers:
- Loss of income
- Ongoing expenses (E.g. payroll, financing and other fixed costs)
- Additional costs required to return to normal business operations
- Revenue earning operations, supply chain and manufacturing dependencies
- Disruption caused by service providers including power, telecommunications, water
Voluntary shutdown or business interruption unrelated to a property loss/damage is typically not covered under business interruption insurance. A business interruption policy will also have an excess (or deductible) and policy limits, and cover may differ from insurer to insurer.
Also, insurers will not accept risks that have already crystalised, such as interruptions caused by the current COVID-19 situation. It is important that you read your policy wording to understand the complete list of business interruption insurance exclusions and policy conditions.
An indemnity period is how long a business interruption insurance policy will pay for the interruption of your business. The indemnity period should represent the maximum amount of time it will take to get the turnover of the business back to normal after a worst-case scenario incident.
Many factors will need to be considered to determine the appropriate indemnity period for your business. This needs to be discussed in-depth with your insurance advisor.
LCPA 21/510
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer.
This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and the Marsh Analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein.
The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.