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Small to medium sized enterprise (SMEs) owners are often time poor but exposed to similar business risks as larger companies. Juggling different policies, premiums and renewals can be a big ask — which is why a bundled business insurance package can offer a convenient solution to your risk management and asset protection needs.

Through our strategic partnerships with leading insurers we're able to offer bundled SME insurance packages which provide broad coverage for common risks associated with running a business. They are structured to include standard basic protections, with the flexibility to customise cover to meet your specific or unique needs.

Benefits SMEs can gain from a bundled insurance package

Gallagher works with over 100,000 small and medium sized business across Australia, providing them with small business insurance packages which offer:

  • wide-ranging cover at a competitive price
  • multiple policies in one package
  • a simple and convenient take-up and renewal process
  • a choice to pay your premium in one payment or by the month interest free
  • SME specialist broker support
  • the backing of leading insurance provider QBE
  • 24/7 claims serviceso you get help when you need it most.

With a bundled business insurance package you don't have to keep track of different policies, terms and renewal timings, which saves you precious time and frees you to focus on what you do best: running your business.

What policies are available through a business insurance package?

We offer small business packages that offer broad coverage for key business risks such as public liability, property damage and professional indemnity, with options to customise your cover from a choice of additional protections.

Key cover offered by the small business insurance package

  • Business liability (options of $5 million, $10 million, $20 million)
  • Business building and contents
  • Portable items
  • Business interruption
  • Theft
  • Money
  • Glass

You may also opt for additional cover that protects specific aspects of your business, such as commercial vehicle insurance for vehicles used predominantly for business activities or goods in transit if you supply products by freight.

Working with a specialist small business insurance broker can help you access cover for some exposures that you might not be able to secure on the same terms by yourself.

Available when you work with a broker

  • Public liability — $50 million
  • Machinery or electronic equipment breakdown
  • Legal action by employees (employment practices)
  • Legal action by government (statutory liability)
  • Tax audit by government

Why working with a broker gets better results now and when you claim

Business pack policies can vary between different insurers. Some policies won't cover certain areas or cover certain risks up to a certain amount, while others may differ in the terms specified in the small print.

Through our partnerships with various insurers our brokers are well positioned to formulate a package that meets your requirements.

Working with a broker ensures you have the risk protection you may need, without gaps caused by oversight or exclusions in policy terms — as well as omitting types of cover that you don't require, potentially saving you unnecessary expenditure.

In addition to identifying and providing for your business's unique risks and complementary insurance cover, your broker can advise on risk management measures to adopt in your business. Demonstrating proactive risk mitigation can help you with obtaining competitive cover from insurers for your remaining exposures.

Bear in mind that to get the right package, it's important you tell your insurance broker about all the activities your business is involved in. There could be certain endorsements or exclusions in your policy that could affect the full protection of your business that you may not be aware of.

How Gallagher can help you put together a business insurance package

Our Gallagher small business specialists can provide small business owners with personalised service, customised cover and support through the claims process.

We have Gallagher brokers nationally across small to large businesses, in all industries, to provide professional expertise.

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Disclaimer

Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general information purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient's industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers' control.

Gallagher publications may contain links to non-Gallagher websites that are created and controlled by other organisations. We claim no responsibility for the content of any linked website, or any link contained therein. The inclusion of any link does not imply endorsement by Gallagher, as we have no responsibility for information referenced in material owned and controlled by other parties. Gallagher strongly encourages you to review any separate terms of use and privacy policies governing use of these third party websites and resources.

Insurance brokerage and related services to be provided by Arthur J. Gallagher & Co (Aus) Limited (ABN 34 005 543 920). Australian Financial Services License (AFSL) No. 238312

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