Business Insurance

At Good Cover we start with risk. We will work with you to understand your business, build your own risk awareness and give you practical advice on what controls might be available. Once we understand the risk profile, then we start the business of matching you to the right insurance policy outcome.

Professional Services – Bankers, Engineers, Accountants, Finance, Broking, Planners and more

Taking care of business

The Professional Services sector, home to bankers, engineers, accountants, planners, brokers, and more, is the beating heart of our nation’s economic machinery. It’s a world where precision, innovation, and financial acumen converge to drive progress. 

From the calculated strategies in banking to the structural blueprints crafted by engineers, each profession plays a pivotal role in shaping our shared economic destiny. 

In this domain, success is not just measured in profits but in the meticulous execution of expertise. Every financial deal, every engineered solution, echoes the commitment to excellence that defines the robust landscape of professional achievement. No one knows this better than Good Cover. 

This is our industry, and we pride ourselves on standing head and shoulders above the crowd. We will work with you to ensure that you have the protection you need so you can both survive and thrive in your area of expertise.

Everybody’s got a hungry heart.

Feeding the masses is not an easy job. It’s a venture laden with regulations, complexities and requirements that set it apart from most other endeavours. 

At Good Cover, we don’t shy away from the challenge; we relish it. We have a passion for food and the joy that it brings to consumers every day. 

Our role is to help you truly understand your risk profile, help you mitigate it and tailor an insurance program that gives you the confidence to focus on delivering your own brand of joy through your products every day.

Health & Wellbeing

Don’t worry about a thing, ‘cause every little thing is gonna be all right’

Helping people when they are in need, helping people be the best they can be, and everything in between is a genuinely noble undertaking. Each modality comes with its own unique set of circumstances, just as each practitioner comes with their own requirements and needs. 

At Good Cover, our role is to ensure that there is a limit to the risk that you carry in your business. We do this by working with you to understand your practice, improving your risk profile and tailoring an insurance program that gives you the confidence to carry on the good work you do every day.

Hospitality and the Vibrant Visitor Economy

Types of Coverage 

Where everybody knows your name

Owning a business in the beautiful, sometimes crazy, world of Hospitality and the Visitor Economy is more than just serving meals or booking rooms. 

The hospitality industry isn’t just about service; it’s about sharing a piece of our culture, our soul. It’s navigating the streets of flavour, unearthing local gems, and embracing the unexpected. In the Visitor Economy, it’s not just about the destination; it’s about connecting with people, immersing ourselves in their stories, and helping them find the heartbeat of a place. 

Each encounter is a chance to break bread, share a laugh, and make memories that transcend the transaction. At Good Cover, we are all about the partnership, not just a transaction. Our role is to help you navigate the world of risk and build an insurance program around your business so you have the flexibility and the confidence to focus on your customers.

Digital, Media and Marketing

Keep the customer satisfied

In the Digital, Media, and Marketing space, it’s a relentless dance with technology and human connection. It’s not just selling products; it’s crafting narratives. It’s a chaotic collision of pixels, stories, and the unyielding pursuit of attention in the digital arena. Media mirrors society, and marketing is as much about seduction as it is education. It’s a rollercoaster where trends are born, narratives are shattered, and the power to influence is wielded with responsibility and rebellion. 

With such an array of risks, it can often be challenging to know what side of the line you are on. At Good Cover, we understand that for your success to be assured, your business needs protection. We help you navigate the world of Media Liability, Professional Indemnity, and everything in between so you can be your creative best.

Community and Not For Profit

Types of Coverage 

You’ve got a friend in me

In the world of Community and Not-for-Profit, it’s not about counting profits; it’s all about measuring impact. It’s not about transactions; it’s about connections, about giving a damn. 

It’s a gritty, heartfelt journey where the currency is compassion, and every effort is a step towards a better world. It’s not a job; it’s a calling, a commitment to making a difference where it matters most – in the hearts and lives of the people you serve. It’s no different here at Good Cover. 

We get it; no one gets a warm and fuzzy feeling when they think of insurance companies, but when you are with Good Cover, that’s our problem to solve. 

We are as passionate about insurance as we are about the Not for Profit and Community sector. Our business is built around giving back, paying it forward and making sure you have the protection in place so you can continue the good work you do into the future.

Construction and Trades

We built this city

In the work of Construction and Trades, the hardworking folk who create these businesses are the economic artisans building our economy one job site at a time. It’s not just about laying bricks or welding steel; it’s about craftsmanship, innovation, and building the foundations of a modern Australia. It’s about looking out for your mates and making sure everyone gets to go home at the end of the day. 

At Good Cover, we work with you and your business needs to ensure that you have the protection in place so that if something does happen, you have the protection of an insurance program that has been tailored to your needs.

Farming & Primary Production

Types of Coverage 

Take me home, Country Road

In the rugged expanse of Farming and Primary Production, the unsung heroes work the land, nurturing it to yield the produce and commodities that define our existence. It’s a dance with nature, a relentless pursuit of sustenance, and the unvarnished reality of where our food begins. 

Every farm tells a different story, and every farmer is a storyteller, weaving a narrative of working in the natural world as they navigate the ever-changing weather and the markets they serve. 

At Good Cover, we know in a world with so much fluctuation and change, our role is to provide you with the certainty that your insurance program is there for you when you need it the most. Good Cover will come and see you, and your farm, so we can understand your needs and tailor the right insurance program for you.

Burning down the house

Commercial property ownership is a cornerstone of our economic stability. It’s about the dreams, investments, and responsibilities of individuals and businesses who seek to secure the tangible investment that is property ownership. It reflects the values of hard work, aspiration, and the desire to build an enduring future. 

In this sector, the act of ownership and the need to protect that investment is not merely a transaction but a relationship built on trust. At Good Cover, we understand that for your future to be assured, your assets need protection. We will work with you to give you the right protection on competitive terms year in and year out so you can budget for the future.

Product Descriptions

Business Pack

Business Package insurance lets you pick and choose a number of different policy types into the one ‘package’. Targeted at small business this can be great solution with just one renewal date, less paperwork and often premium savings by purchasing all of your policies together. 

There can be some significant differences between each insurer and even how each insurer will cover different business. At Good Cover we will help you every step of the way drawing on our knowledge, experience and relationships in the market to make sure you get the right solution for your specific needs.

Public & Products Liability

If you have a business that interacts with the public, even in the smallest or insignificant way then you need Public Liability insurance, or, as it should be called Public & Products Liability insurance. This cover protects your business, your staff, you and even members of the public by covering the costs of a third party who seeks compensation from you for physical, psychological or damage to their property as a result for your negligent actions, including the defence of a claim such as this. At Good Cover our purpose is to make sense of all this for you, to give you the advice and support you need to make sure you get the best possible outcome for your business. We will use our knowledge, experience and relationships to make sure you have the protection you deserve when you need it.

Commercial Motor, Fleet and Truck/Haulage

Not only are they an important business asset that need to be protected, but vehicles, in all of their different types and purpose, are critical to your ability to continue to trade, and deliver the outcomes to your customers that they rely on you for. 

Your vehicles are unique to you; they can have additional pieces of equipment or modifications that need to be insured; they can be a critical component in a supply chain or a process that drives your business’s turnover. All of this needs to be taken into account when tailoring insurance outcomes that best fits your business. 

At Good Cover we don’t just take a schedule of your assets, but we take the time to understand the roll these assets play in your business and we provide you with options for you to consider that mean when that claim does happen, that your expectations are exceeded and you are back on the road as quickly as possible. 

Professional Indemnity

Do you provide advice to your customers? Professional Indemnity isn’t just for ‘traditional professions’ such as lawyers, doctors and accountants. If you provide advice, even if it’s part of another service or product you might find that you are at risk of an expensive lawsuit claiming negligence on your part. Anyone can make a mistake. At Good Cover our purpose is to work with you to help you understand all of your risks and find the right solutions for you and your business. 

Management Liability

Management Liability insurance protects your business, its individual directors and the officers who undertake the vital management roles within it against claims that might arise, and importantly the defence of those claims. Business today is complicated and highly regulated and from this can come any number of claims against you and your business. 

OH&S, unfair dismissal, harrsement, crime, tax audit are just some of the many ways that an action might be brought against you from shareholders, your employees, customers or suppliers. Fifteen years ago this package of insurance didn’t exist, now tens of millions in claims costs are paid out under this class of insurance each year which is shows just how much the landscape for business has changed. At Good Cover we will help you understand the risks that you might face and advise on how best to protect yourself from the unplanned and the unexpected. 

Strata Insurance

Strata Insurance provides protection for the replacement of buildings and its common contents, as well as legal liability and other covers as required under the various State Government regulations and laws that govern this common class of property ownership. Each state is slightly different in what they mandate as required coverage, or how many quotes you need to get each year or even how often you need to have your asset valued for insurance purposes and Good Cover can guide you through this process. 

Sadly though there is a there is a darker side to Strata Insurance and how the purchasing of this critical insurance is carried on by Strata Managers and many Insurance Brokers. Below is a link to an article by the consumer advocate group Choice that goes into some detail about this opaque practice. In summary though many insurance brokers will take a commission form the insurance company, typically 20%, and then pass some or all of that commission back to your Strata Manager as a ‘finders fee’. The Insurance Broker will then charge a separate fee on the placement of your insurance to compensate them for the work they have done. These two amounts can represent as much as 40% of your total insurance premium!

Strata insurance commissions and broker fees passed on to owners | CHOICE

At Good Cover, we are all about transparency, service and, above all else, honesty. 

  • We take no commission from insurers on Strata Insurance.  
  • We pass no money on, nor do we provide any other incentive payments of any type to Strata Managers.

As Good Cover we charge an annual fee for the work we do, it is 100% transparent for all to see and we are happy to be judged by the service we provide and the fee that we charge. This fee covers Good Cover looking after your business for the full policy period, not just the placement of the insurance at the beginning. 

We are here to make changes to your insurance as needed; we will advocate and help you with claims, we will work with you through the renewal process and answer any questions that you might have over the course of the policy period.  

Please know we are more than happy to work with your Strata Manager, and we currently do this with may boards, we just believe that the Strata Manager has already charged you for their services, and for them to make decisions based on how much additional income they can pull out of your insurance just does not align to our core values.  

Property (ISR)

As is sadly the way with the insurance industry, it often uses language that just doesn’t make sense to the majority of non-insurance folk. ISR (Industrial Special Risks) is cover designed to protect physical assets such as buildings, stock, machinery, raw materials, plant and equipment.

Importantly, this policy type can alslo cover your Business Interruption exposure following a claim to your physical assets. Often overlooked the turnover that your business generates is an asset in of itself. If you business can no longer generate turnover, or suffered from downturn in turnover as a result of a damage to its physical assets this can quickly destroy your profitability, and even spell the end of your business. 

ISR policies can be tailored to suit how your business operates, and to support your business following any loss, including insuring your gross profit while you rebuild, restock, recommission assets and such following a claim. 

Every business is different, and consequently, every ISR policy can be tailored to the individual needs, risks and dependencies of that business. At Good Cover our purpose is to make sense of all this for you, to give you the advice and support you need to make sure you get the best possible outcome for your business. We will use our knowledge, experience and relationships to make sure you have the protection you deserve when you need it. 

Cyber Liability

The risk attack from cyber criminals is as prevalent and significant as any other risk that you might think of, if not more so. Loss of data, breaches of privacy, theft of intellectual property, interruption to your digital store front to say nothing of the damage to your business’s reputation. Cyber liability is just like any other policy, its designed to help you get back on your feet again. It can come with the assistance from a panel of experts including IT, Legal and PR as well as covering costs such as recovery of data, fines and penalties and more is what Cyber Liability Cover does for you. At Good Cover we will work with you to understand your business and find the best coverage in the market to ensure you can move forward with confidence.

Media Liability

In the digital world content is king, and now anyone with a social media account can become an influencer overnight. I was once that traditional media companies, advertising agencies and marketing firms where the only businesses facing risks arising from the content they produce and promote. Today, with its outsized growth, the digital world has created new forms of media and entertainment, and they are available in any number of mediums. Never before have we been more connected, and with the internet evolving to become a metaverse, it is changing the way we communicate, share information, entertain ourselves, and market to consumers and audiences.

Understanding what risks you face can be challenging enough, finding the right cover for your business can be even harder. Be it a breach of contract, infringement of IP, defamation through to cyber liability, and the advice that you provide (or fail to provide) are all vectors of threat to your business and your ability to continue to

Business Interruption

Business interruption insurance can help keep your business running after you have suffered a significant event such as fire. Business interruption covers cost that you would normally pay out of your cash flow/revenue, that has now stopped as a result of the event. 

The reality is many of your expenses such as rent, staff costs, electricity …. even your salary don’t stop even though your business has to temporarily close due to an event. Business interruptions insurance can cover you for these expenses when your business is at its most vulnerable. At Good Cover we take the time to understand your business, where the risks are, what your key dependencies are and work with you to tailor the right cover for you. 

Property (ISR)

As is sadly the way with the insurance industry, it often uses language that just doesn’t make sense to the majority of non-insurance folk. ISR (Industrial Special Risks) is cover designed to protect physical assets such as buildings, stock, machinery, raw materials, plant and equipment.

Importantly, this policy type can alslo cover your Business Interruption exposure following a claim to your physical assets. Often overlooked the turnover that your business generates is an asset in of itself. If you business can no longer generate turnover, or suffered from downturn in turnover as a result of a damage to its physical assets this can quickly destroy your profitability, and even spell the end of your business. 

ISR policies can be tailored to suit how your business operates, and to support your business following any loss, including insuring your gross profit while you rebuild, restock, recommission assets and such following a claim. 

Every business is different, and consequently, every ISR policy can be tailored to the individual needs, risks and dependencies of that business. At Good Cover our purpose is to make sense of all this for you, to give you the advice and support you need to make sure you get the best possible outcome for your business. We will use our knowledge, experience and relationships to make sure you have the protection you deserve when you need it. 

Cargo

Cargo, Marine Transit, Marine Cargo In the often confusing world of insurance, there can be multiple names for what is essentially the same thing.  Marine Cargo is insurance for the goods and products you send and receive in the course of running your business, be it by road, rail, air or sea. Ensuring you have the right type of cover for your contractual requirements and the various jurisdictions that you might ship to is what we do at Good Cover. 

Contaminated Products or Product Recall

Contaminated Product Insurance, or Product Recall insurance as it is often referred is designed to protect your business against the financial loss caused by a product contamination, whether accidental or malicious. The costs associated with having to recall your product are not restricted to just the tracing, removal, return and destruction of the product, but also include the notification, advertising, the managing of media, customers, government and other stakeholder and can extend to the resultant business interruption costs to your own business. 

From raw material to finished product, it can feel as though there are unending requirements and regulations that govern the fitness of a product and for which you, as either the manufacturer or distributor of that product must comply. The consequence being that your could be rordered, or required to recall your product for any number of reasons, many of which are beyond your control. 

At Good Cover we guide you though how these product operate, how they respond to different loss scenarios and we work with you to ensure the cover you buy is tailored to your needs and budget. 

Farm Pack

Farm insurance is specifically designed to cater to the needs of the rural sector. Cover for farm buildings, livestock, vehicles, equipment even loss of income are just some of the ways that this type of policy will respond. No two farms are the same so having a trusted adviser to ensure that you get the right cover for your needs is what we do at Good Cover.

Contract Works

If you are in the business of construction be it builders, project managers, domestic, commercial, sub contractors even owner builders you will need Contract Works insurance to cover you for the multitude of risk that arise from construction. At Good Cover we can help you with single project policies or annual and help you structure your cover so you get the best possible outcome across this and all your other related policies. 

Corporate Travel

If you or your staff travel, both domestically or internationally, then corporate travel insurance will cover you for eventualities such as overseas medical and evacuation costs, cancellations, lost luggage, rental car excess and much more. Corporate Travel Insurance gives you and your employees the protection they need when they are travelling for business

Directors & Officers

D&O insurance is one of the least understood types of insurance, but one of the most important given Australia is home of some of the largest D&O insurance claims in the world. D&O covers legal action taken by shareholders, creditors, government bodies, regulators against the directors and officers of your business. The responsibilities that sit with the directors and officers of a company are many, varied and often attach to the individually personally. At Good Cover we ensure that you have the right cover in place to ensure that you personally have the cover in place to protect you.

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