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Business insurance

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  • Provides cover for unforeseen losses or accidents
  • Customised benefits to fit your specific business needs
  • Get a quote in one easy phone call.

How it works

You start your policy with Business Assets cover. Once you have this cover you can choose to add other covers such as:

Business Assets


  • Covers assets such as buildings, tools, plant, machinery, contents and stock
  • Cover for your employees’ personal effects
  • Choice of cover to suit your business needs.

You have the choice of two types of cover to insure your Business Assets:

Multi Risks is a broad type of cover for sudden and unforeseen accidental physical loss or damage to your Business Assets.

Special Risks provides you with cover for sudden and unforeseen physical loss or damage to your Business Assets arising from these specified risks:

  • Fire, lightning, explosion, thunderbolt
  • Riot, strike, civil commotion, labour disturbances, locked out workers, malicious damage
  • Water discharged, overflowing or leaking from any water or cooling systems
  • Impact by vehicles and animals
  • Aircraft, aerial devices.

Benefits

  • Assets in transit

    Covers you for up to $5,000 for your business assets temporarily situated at other premises or in transit.

  • Additions and improvements

    Covers you for up to $5,000 for any additions or improvements to your building or plant.

  • Fire extinguishers

    Covers you for up to $5,000 for the cost of refilling your extinguishers used to put out fires at your premises.

  • Removal of business assets

    Provides cover for up to $5,000 for the cost of removal and temporary protection of your business assets.

  • Changing locks and keys

    Up to $1,000 cover to replace keys and locks if they are stolen – helping relieve any burglary worries.

  • Other contents

    Covers you for up to $200 per employee for loss or damage to their personal effects.

  • Electric motor burn-out

    Provides up to $1,000 of cover for electric currents burning out electric motors under 4hp.

Optional benefits

  • Flood

    Provides cover for loss and damage due to flooding. (Special conditions apply).

  • Gale, windstorm, hurricane, cyclone

    Provides cover for loss and damage due to gale, windstorm, hurricane or cyclone. (Special conditions apply).

  • Earthquake

    Provides cover for loss or damage arising from an earthquake, volcanic eruption, tsunami, geothermal or hydrothermal activity.

Your choice of cover

You have the option to cover your Business Assets for Replacement value (the maximum amount of insurance protection) or Indemnity value (taking depreciation into account). This is important when it comes to claims.

Replacement value on buildings where we cover the cost of rebuilding, replacing or repairing your building to a new condition – up to a maximum of the sum insured.

Replacement value of plant where we cover the replacement or repair cost of your plant (other than motors) less than five years old.

Or

Indemnity value on buildings which is more limited and means we cover the cost of rebuilding or repairing your building to a condition no better than new, less an appropriate allowance for depreciation and deferred maintenance – up to a maximum of the sum insured.

Indemnity value of plant which covers costs to rebuild or repair your plant to a condition no better than new, less an appropriate allowance for depreciation (and some other factors) up to a maximum of the sum insured.

Business Income


  • Cover for financial loss if your business is interrupted
  • Insurance to keep you in business while other insurance helps repair damage.

Benefits

  • Loss of business income

    Covers you against loss due to the loss or damage of a leased or rented business asset.

  • Accountant’s fees

    Provides up to $2,500 of cover for accountant’s fees for claim preparation expenses when a claim had been accepted.

  • Record keeping

    Offers up to $5,000 of cover for the additional or increased cost of working or rewriting your records.

  • Prevention of access

    Provides cover for loss of business income if your customers are prevented from being at your place of business due to fire anywhere in Fiji.

  • Supplier premises

    Provides cover for loss of business income if your supplier’s premise suffers loss or damage by fire anywhere in Fiji.

  • Public utilities

    Provides cover for loss of business income resulting from interruption or interference to your business due to damage by fire occurring at any electric power station or sub-station anywhere in Fiji.

  • Underground services failure

    Provides cover for loss of business income resulting from the failure of waste disposal systems and underground services situated on or immediately adjacent to your premises.

Money


  • Covers you against the loss or damage of cash and certain valuables.

Benefits

  • Loss or damage cover

    Covers the loss or damage of cash, credit cards and other negotiable securities during normal business hours at your premises, in transit to or from your business to your bank’s night safe, contained in an approved securely locked safe at your premises outside business hours, or in your personal custody at your home until the next day’s banking hours.

  • Safes and strongrooms

    Provides up to $1,000 of cover for loss or damage to your safes or strong rooms caused by burglars.

Burglary


  • Provides cover to replace stolen keys and locks
  • Cover for loss or damage to both business and employee property.

Benefits

  • Replacement locks and keys

    Up to $1,000 cover to replace keys and locks if they are stolen – helping relieve any burglary worries.

  • Employee’s personal effects

    Covers you for up to $200 per employee for loss or damage to their personal effects.

  • Temporary Removal

    Provides cover for loss or damage to your business assets arising from burglary when they are removed temporarily for cleaning, repair, renovation, display or promotional purposes.

Business Liability


  • Covers your legal liability as a result of loss or damage to others’ property, injury, death or illness arising from accidents in connection with your business anywhere in Fiji
  • Provides cover for products exported to Australia, New Zealand or some South Pacific islands.

Benefits

  • Overseas visits

    Covers your business following overseas visits on business by you or your employees.

  • Goods products

    Provides cover for the liability of your business in connection with products exported to Australia, New Zealand or some South Pacific islands.

  • Social activities

    Provides cover for the liability of your business arising from social events organised by you.

Optional benefits

  • Bailee liability

    Provides cover for the legal liability of your business as bailee for goods in your physical and legal control.

Employee Fraud


  • Covers loss suffered as a result employee theft or fraud
  • Provides up to $2,000 for losses occurring within six months of the occurrence.

Business Assets Breakdown


  • Covers plant and machinery breakdown
  • Offers replacement or repair for plant damaged from mechanical or electrical breakdown.

Unless plant and machinery breakdowns are covered by a warranty or service contract, their breakdown can cause absolute turmoil.

This option protects you for the replacement value or repair costs up to $5,000 for plant damage as a result of machinery or electrical breakdown.

Benefits

  • Temporary replacement

    Offers up to $500 to hire a temporary replacement motor or refrigerant compressor while repairs are being completed.

  • Computer records

    Offers up to $2,000 towards costs to reconstruct computer records and programmes.

Optional benefits

  • Spoilage of stock

    Offers up to $2,000 for the spoilage of your stock due to mechanical or electrical breakdown.

Workmen's Compensation


  • Covers the liability of your business in relation to injury suffered by or death of an employee.

We will pay compensation you are liable for under the Workmen’s Compensation Act to any person employed by you.

Benefits

  • Common Law

    Offers cover for up to $100,000 of your legal liability for damages including costs and expenses related to bodily injury or death of an employee during an accident while in your employment.

Important: This is a summary only. For a full outline of the policy terms, conditions and exclusions please read the policy wording (below) and the certificate of insurance.

Business insurance quote

Make a claim

Call us on
+679 331 595
or drop into your local office.

Business insurance full policy document

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