Property Insurance

Your organisation’s assets are an important part of your ongoing investment in delivering your services. Property insurance helps protect your assets against accidental damage, theft and perils. The policy can combine different sections of cover to protect your property and contents from burglary, fire, and flood.

Property insurance can also be extended to include cover for business interruption, a period when a business cannot operate because of a disruption caused by damage to insured property. The insurance cover is designed to put a business back in the same financial position it would have been if the insured loss had not occurred.

Fires, floods, storms and cyclones – Australian churches and not-for-profit organisations need to be prepared for a range of situations. In addition to property damage you need to consider the operational disruption that may follow such an event.

If an organisation is no longer able to operate from their normal place of business, they may face additional expenses (example: rent of a temporary location) while still incurring their usual operating expenses (including staff wages, rent or loan repayments and supplier invoices) with reduced income. These costs can be considerable and insurance can help alleviate these expenses.