Insurance Products

Business package are the core of any business insurance program, and policies can provide protection for:

• Business property including contents and stock
• Business Interruption
• Loss of profits/ reduction in turnover after a loss
• Theft/Burglary
• Money Cover
• Machinery Breakdown
• Electrical Equipment
• Employee Theft 
• Tax Audit
• Glass cover
• General Property (property away from your premises)
• Personal Accident

At Statewide,we can arrange a business package to provide broad coverage against any variety of risks associated with your business.  Please contact us for further Business Package discussion.

Builders Warranty Insurance or Home Warranty Insurance is a required insurance for licensed (or owner builders) within Australia. 

Our Construction Insurance Services division provides coverage for all Builders Warranty and Construction Risks, and has been covering the WA Building Industry since 2003. 

Builders or Home Warranty is designed to protect against the non-completion or defective workmanship should the builder die, disappear or become insolvent.

It has a cover period of 2 years for non structural defects and 6 years for structural defects from the completion of the contract. The cover must be obtained prior to receiving any payment in relation to the contract.

For many organisations in Australia, standard business insurance does not adequately cover their business for the risks and exposures that can cripple their operations and livelihood.

An Industrial Special Risks Insurance policy has open-ended wording, which means cover is not limited to selected risks. Instead, you are protected against most losses and damages except for exclusions noted in the policy.

An ISR policy is often the most flexible policy available and is recommended to organisations with significant sum insured values (typically over $5m).

Depending on your specific requirements, an Industrial Special Risks Insurance policy covers the following:

• Loss and/or damage to buildings, plant and machinery, contents, stock, raw materials, unregistered vehicles and the property of directors and employees
• Loss of profits, revenue or rentals and/or increased expenses caused by damage to insured property and also by contingent damage to property at the premises of suppliers, customers and utilities.
• Burglary, theft of money and employee dishonesty
• Accidental damage and glass breakage
• Removal of debris, extra costs or re-instatement, re-writing of records and professional fees.

Contract Works Insurance provides cover against risks associated with civil, commercial and residential construction projects, and is designed to assist Licensed builders and Contractors meet their contractual obligations to insure a building project and the materials on-site against loss or damage.

Contract Works Insurance usually covers:

• Loss or Damage to the insured construction project
• Loss or damage to third party property
• Personal Injury to a third party person.

At Statewide, we can arrange cover for:

• annual and job-specific policies for licenced builders, for any sized project
• extend your annual contract works policy to include cover for your tools if they are damaged or stolen
• add your clients’ existing structure to your policy if needed when carrying out extensions or renovations to their home
• source Public Liability policies provide cover for property damage and personal injury claims for which you are legally liable.

At Statewide, we have access to a suite of specialist insurance policies to cover you and your business against cyber crime and the new data privacy legislation.

If you deal in the internet, email, websites, computer programs, data and from storage, as most businesses do, then it makes sense to have a Cyber policy protecting your operations.

Privacy Protection & Cyber Insurance
can include cover for:

• Privacy Protection – Third party claims from a failure to keep data secure.
• Breach Costs – Reimbursement of your own costs when a data breach occurs.
• Business Interruption – Compensation for lost or reduced revenue.
• Cyber Liability – Third party claims as a result of content in email, on the intranet, extranet or website.
• Hacker Damage – Reimbursement for costs to repair, replace or restore systems and data as a result of a hack.
• Cyber Extortion – Payment of ransom demands, and specialist consultant fees, where a hacker holds, or threatens your network, programs or data.

Statewide is able to arrange insurance solutions for personal accident, corporate travel, and all accident and health solutions.

From a personal accident and sickness policy for a tradesman, to comprehensive travel and medical policies for your staff working locally and overseas, we can provide a range of insurance options depending on your specific needs.

Coverage includes:

• Individual Accident and Sickness
• Group Accident and Sickness
• Group Voluntary Workers
• Group Journey Insurance
• Corporate and Group Travel
• Association and Group Liability

Management Liability Insurance protects you and your company against the risks and exposures of running the company (i.e. your liability for mismanagement).

Without adequate protection you could risk losing, not only your business, but also your personal assets. This insurance therefore protects you personally and therefore your wealth and lifestyle. The legal costs to defend allegations of wrongful acts alone can be financially crippling for businesses and individuals.

Management Liability Insurance not only protects Directors & Officers for legal liability they may incur personally in managing a corporation, it also extends to the corporation itself for certain types of claims.

Management Liability Insurance will generally cover the following amounts in relation to the above actions:

• Representation costs where a Director or Officers is legally required to attend an inquiry or investigation relating to the affairs of the corporation
• Legal costs & expenses in the defence and investigation of a Directors & Officers claim
• Any compensation required to be paid by the insured in order to dispose of a Directors & Officers claim.

Actions against the corporation or losses sustained by the corporation generally covered by a Management Liability Insurance policy include:

• Directors & Officers liability
• Company reimbursement
• Company liability
• Employment practice liability
• Trustee liability
• Fidelity
• Business crisis consultant fees
• Representation costs in respect of an occupational health & safety investigation
• Direct Financial Loss

Employment Practices Insurance is a type of liability insurance covering wrongful acts arising from the employment process.

It provides comprehensive protection against errors and omissions in the management and administration of human resources. In essence, it is an HR malpractice policy. The most frequent types of claims covered under such policies include:

• wrongful termination
• discrimination
• sexual harassment
• retaliation.

In most cases the policies cover claims from a variety of other types of inappropriate workplace conduct that are employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation.

At Statewide, we have a range management liability insurance options with policies that cover directors and officers, management personnel, and employees as insureds.

Although employment practices liability insurance is available as a stand-alone coverage, it is also frequently sold as part of a management liability package policy.