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Products:
01. Property Risks
02. Business Interruption
03. Public and Products Liability
04. Product Recall
05. Professional Indemnity
06. Motor and Transport Fleets
07. Marine Cargo
08. Directors and Officers Insurance
09. Employment Practices Liability
10. Burglary, Money, Glass and General Property
11. Tools of Trade
12. Machinery Breakdown and Electronic Equipment
13. Trade Creditors
14. Tax Audit
15. Commercial & Private Vessels
16. Rail
17. Aviation
18. Event Insurance
19. Key Person
20. Loan Protection
21. Income Protection, Business Expenses, Life, Trauma and Total and Permanent Disability
Insurance
Key Person Insurance
Key Person Insurance is designed to protect a business in the event of the loss of a person who makes a significant contribution towards the profitability of the business. Austbrokers Phillips will assess you business and help you to decide if there is a need for this type of Insurance.
We take into account:
- the length of time it would take for the business to achieve the status quo prior to the key person’s death or disability; and/or
- the additional salary needed to be paid to the replacement; and/or
- anticipated profit reduction