General Property Insurance in Victoria AU

Providing comprehensive business property insurance that you need.

General Property Insurance

General property insurance will help you cover costs for repairs or replacements of tools or equipment that have been damaged (accidental damage) or stolen. This could be because of theft, storm or fire.

Not having these tools of trade could result in loss of income due to the inability to work. This is why having general property insurance is necessary for any business that needs tools and equipment to continue operating.

General Property Insurance Coverage in Victoria, AU

When you purchasing property insurance, it usually comes with an option to add supplementary insurances. Property insurance has its limitations and its protection is limited to business equipment and tools of trade and having these other insurance policies will help create coverage that will protect your business all around. So, what can be added with your general property insurance package?

Public Liability Insurance

Public Liability Insurance – one of the most important types of insurance that will cover your legal liability with respect to personal injury or property damage happening in connection with your business operation or services.

Professional Indemnity

Professional Indemnity Insurance – this policy is also known as the error and commissions (E&O) insurance will cover businesses from claims of negligence or breach of duty in providing professional services or advice. Learn more

Product Liability Insurance

Product Liability Insurance – this business insurance policy protects your business against claims by third parties for property damage or personal injury caused by products you supply, manufacture, import or install.

Aussie Businesses Who Need this GPI Coverage

Who needs this type of general insurance? Almost all or every type of business that requires work tools, items and other tools of trade to operate properly need it. Some industries that should have this cover are:

Offices - in offices, there is sure to be equipment that is needed in order for employees to work remotely. To name some, these could be laptops, iPads, mobile phones and so on. In short, any portable property or equipment is needed for business operations.
Construction Industry - in the construction industry, construction tools nail guns, drills, power saws and so on are already considered as part of business needs. Loss of these tools because of theft or damage can greatly affect the overall operations of the business. However, tool and equipment cover alone may not address broader site risks, and owner builder insurance may also be required for construction or renovation projects to cover site liability and project exposures.

What does General Property Insurance insurance cover protect you from?

With this business insurance, you don’t have to face these risks alone. General property insurance can be very helpful if you do not want to end up with financial burdens.

#1 The cost to repair, replace, or pay you the cost of the damaged item.

#2 Australia wide cover (or sometimes worldwide protection) for.

#3 Insurance cover for damage to unspecified items, however, whilst this will vary between various insurers it is normally up to $2,500.

General Property Insurance FAQs

What is NOT covered by General Property Insurance?

Unless otherwise stated in your insurance product disclosure statement, these items are NOT covered by this type of business insurance.

Where can I get a quote?

You can easily email us to get a quote or check our website for more options on how to avail our services or know more about our insurance products.

How much does general property insurance cost?

It will depend on the type of equipment and the total value of the equipment that you required to be covered. FD Beck will find you options and compare coverage.

Secure and grow your business with the help of FD Beck. Feel assured. Get Insured. Call or email us today to get a quote! Know more about the insurance products or policies we offer today.