Horizon General Insurance Brokers: Our role is to assist you to protect your
business assets, people and reputation.

Our Services
✔ Business Insurance ✔ Industrial Special Risk (ISR) ✔ Management Liability ✔ Professional Indemnity ✔ Public Liability ✔ Business Interruption ✔ Directors & Officers Liability ✔ Equipment & Machinery Breakdown ✔ Marine Transit & Carriers ✔ Contract Works & Construction ✔ Corporate Travel ✔ Trade Credit ✔ Motor Pools ✔ Landlords ✔ Domestic Home

Common types of Business Insurance explained

Business Insurance	Covers a range of specialised products for small businesses with a range of flexible covers to match the needs of your business. Covers include Property, Fire, Theft, Business Interruption, Public Liability and motor cover.
Industrial Special Risks Insurance (ISR)	Covers property damage and consequential loss cover for medium to larger organisations with diverse operations and more commonly larger insurable values. Designed to protect physical assets including buildings, stock, plant and machinery and other property.
Management Liability	Management Liability Insurance protects you and the company against the risks and exposures of running the company ie liability for mismanagement and typically includes; Directors & Officers Liabilities, Employment Practices Liabilities, Statutory liabilities and Corporate Entity liabilities.
Professional Indemnity/Liability	Protects you from legal action taken against you if someone suffers a loss after following your professional advice or as a result of your receiving your service
Public Liability	Covers your business for legal costs and compensation costs that you might have to pay if you are found liable to someone because you caused death or injury, loss or damage to their property, or economic loss due to your negligence
Product liability	Businesses that supply, deliver or sell goods, even in the form of services or repairs, may need cover against claims of goods causing damage, injury or death. Product liability cover protects you if any of these events happen to another person or business by the failure of a product you are selling
Business interruption	Covers businesses that suffer a loss because they cannot trade for a period of time due to loss or damage from a weather event, flood, fire or other insured interruptions
Property	Covers damage or loss to buildings, contents and stock caused by insured events and accidental damage
Workers' Compensation	Workers' Compensation insurance is compulsory in all states and territories for businesses with a certain number of employees. Each state government regulates the workers compensation scheme in that state.
Theft and burglary	Theft insurance generally covers your business against loss or damage to your stock and contents if someone forces their way onto your premises, or uses deception to get in to your premises. It usually does not cover cash losses, which can be covered separately
Directors & Officers Liability	Protects Directors & Officers or the organization itself from legal action for alleged wrongful acts in their capacity as a Director or Officer. Including criminal and regulatory investigations/trials
Tax audit insurance	Covers costs incurred by your accountant, or registered tax agent, when notified by the Australian Taxation Office to conduct an audit or investigation into your tax liability
Deterioration of stock	Covers businesses for the deterioration of chilled, refrigerated or frozen goods and stock if a refrigerator or freezer unit storing these goods breaks down and spoils the items
Machinery/Equipment breakdown	Covers machinery and equipment used in your business. Some policies may also cover stock damages as a result of the breakdown
Goods in transit/property in transit insurance	Covers the loss of, or damage to, goods you buy, sell or use in your business when they are in transit by road, rail, air and sea. It also covers damage to property - such as tools and equipment - while in transit within a defined set of geographical limits
Computer and electronic equipment	Covers accidental damage or loss to computers and electronic equipment and data
Glass	Covers the replacement of external and internal glass, as well as specified glass items
Money	Covers your money for theft at the premises, in transit and at your private residence

How are premiums Calculated?

Each business is unique.
Premiums will vary depending on the nature of your business,
the risks the business is exposed to, the insurer and the product’s inclusions and exclusions.

Some factors the insurer takes into account when calculating your premium
⮚ Type and location of business activities
⮚ Nature of the business
⮚ Size of the business, including the number of employees, premises and business income
⮚ Claims history
⮚ Nominated sum insured
⮚ Products produced and/or sold
⮚ Interaction of the business with third parties



What is typically NOT covered?

⮚ Negligence/breach of duty arising from an act, error or omission as a result of your professional services
⮚ Flood damage is generally excluded from standard policies but can be requested
⮚ Known claims and circumstances



Why do I need a broker?

Insurance is a contract and as with all contracts you need someone with expertise to help you understand it.



What is underwriting?

Underwriting is the way an insurer works out how much to charge
for each risk and under what terms.

Some factors the insurer takes into account
❖ How much they will agree to pay for a loss
❖ Under what circumstances they will make a payment
❖ Type of business
❖ Location
❖ Risk profile for the industry
❖ Claims history

Every insurer has its own set of underwriting guidelines.

Underwriting involves working out a premium that is low enough to attract a good number of buyers, and high enough so that there will be enough money
in the pooled funds to pay all the claims that might be made, plus make a profit for the insurer's shareholders.



Which insurer is the best?

The right one for you is the one that:
✔ Offers you the best cover for your type of business and its specific requirements
✔ Cost effective for your specific requirements
✔ Most importantly: pays claims with minimum fuss & in reasonable timeframes

We deal with all insurers and recommend an insurer that is specific to your needs.



What happens if I need to make a claim?

This is the most important aspect of what we do

We understand how stressful it can be at claim time and our role is to assist you to minimise the stress
We manage the claim on your behalf

The claims process
We work with you to

1. Complete all the appropriate paperwork
2. We lodge the claim with the insurer, where possible
3. We liaise with the insurer to assist them to maximise the compensation paid
based on your specific cover in the quickest possible time

With our full-service approach combining accounting, taxation, investments and insurance
we can ensure your financial well-being during those difficult times.



Our philosophy is: Never have more cover than is required for your specific circumstances and always have it price competitive.

Contact us for a free no obligation chat about how
we may be able to help YOU.



Our Associations
We are proudly associated with