Property Insurance

WHAT IS PROPERTY INSURANCE?

Your organisations 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, flood, and money.

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 in if the insured loss had not occurred.

WHY DO I NEED PROPERTY INSURANCE?

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.

WHAT DOES PROPERTY INSURANCE TYPICALLY COVER?

Property

Cover for accidental damage to your buildings and contents

Theft

Cover for items that have been stolen

General Property

Cover for your portable items such as laptops, phones, sound and AV gear, Australia wide

Electronic Breakdown

Cover for breakdown of electronic equipment such as computer, phones, tablets and servers

Business Interruption

An addition to your property cover, business interruption cover can pay for some of the extra costs incurred when recovering from a disaster

Glass

Cover for accidental breakage of glass at your premises

Money

Cover for money stolen both from withing and outside your premises, and whilst in transit


Looking for another type of cover?

Faith Insurance

Community Organisation Insurance

Education Insurance

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