Typically inside the package
- Property and contents
- Business interruption
- Public and products liability
- Theft, glass and money
Business insurance package
Business insurance packages, clearly understood.
A package brings several covers together under one policy, so property, liability and business interruption are arranged, renewed and managed as one program. For many businesses that is simpler and more coherent than separate policies bought at different times. It is not the right answer for every business, and our work is to decide whether it is for yours.
The basics
What is a business insurance package?
A business insurance package, also called a packaged policy, combines several commercial covers under one policy and schedule. That means one renewal, one set of terms and one place to look when something changes or goes wrong.
The benefit is coordination. Separate policies from different insurers can leave gaps between them, or overlap in ways nobody planned. A package is designed so the covers work together.
A standard package typically includes:
- Property and contents
- Business interruption
- Public and products liability
- Theft, glass and money
Packages often carry sub-limits for items such as theft, money and glass, so the schedule needs reading closely.
Who it suits
Who we work with.
Packages suit businesses with straightforward premises and operations, such as offices, retail, small hospitality, professional services and smaller property owners and managers. Property is a core focus for Contega.
What it covers
What sits inside and what sits alongside.
A package covers the core of most businesses. Other covers are usually placed alongside it, either because they are written as separate policies or because the exposure calls for its own wording.
Often placed alongside
- Professional indemnity
- Cyber insurance
- Management liability
- Industrial special risks, for larger or more complex property programs
Our Industrial special risks page explains how ISR works and when it suits a business better than a package.
Getting it right
Four decisions that shape your package.
Is a package the right structure?
Packages suit simpler operations. Where assets are high in value, spread across sites or tied closely to operations, a program built around the assets, or ISR, may protect better.
Are the values and the business interruption period right?
Sums insured should reflect the cost to rebuild and replace, and the period of cover should reflect how long recovery would really take.
What are the sub-limits?
Items such as theft, money and glass often carry their own limits. We check them against what the business holds.
What belongs outside the package?
Professional indemnity, cyber and management liability are usually better arranged on their own terms, and we decide that with you.
What affects the cost
We do not quote before we understand the business.
Premiums are driven by your industry, annual turnover, the value of your assets, the number and type of locations, your claims history and the excess you choose.
The cheapest package is rarely the one that responds when you need it.
Our advice
How Contega approaches business insurance packages.
Our advice begins with how your business runs: what it owns, what it depends on and what its leases and contracts require. From there we work out which covers belong in the package and which do not.
Where practice can be strengthened, we say so. Maintained premises, sound security and clear contract terms reduce the chance of a claim, and they can improve the terms you are offered.
Insurance is one part of the solution. We help you weigh what to transfer to an insurer, what to carry and what to reduce through better practice, then arrange the cover you choose.
If something does go wrong, we stay alongside you from the first notification.
Our approach
Four stages, whether we are starting from a renewal or a blank page.
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Observe
We learn how your business runs, what it owns and what it depends on.
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Analyse
We work through the exposures, including values, sub-limits and how long recovery could take.
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Protect
We recommend a way forward and arrange the cover you choose, with options and cost side by side.
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Stay alongside
We stay close through renewals, changes in the business and, if it happens, a claim.
Talk to us
Let’s start with what matters.
Have a question about your business cover, an upcoming renewal or a change in your business? Tell us what prompted the enquiry and we will work out the next step together.
Contact details
- Sydney
- Level 9, 32 York Street
Sydney NSW 2000 - Melbourne
- 489–505 Toorak Road
Toorak VIC 3142
A Cohabit Group company
Contega is the commercial risk advisory business within the Cohabit Group, a risk intelligence company built around clearer data, better decisions and smarter insurance outcomes.
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