Business Insurance 21/12/2020

Elders Business Insurance Review

Read Here for Our Elders Business Insurance Review:

Elders Insurance focuses on giving various business insurance products to small and medium enterprises. A local agent will be assigned to you to review your business upon signing up for a policy. Below is an overview of their portfolio.

Elders business insurance packages

Business property

This gives financial cover to the premises you lease, a building you own, or for your home business. The package includes:

  • Government charges and fees
  • Employee equipment cover
  • Employee’s personal effects cover
  • Landscaping costs and repairs
  • Financial protection for extinguishing a fire

Business interruption

You can get compensation for higher costs of working or loss of income for the following:

  • Business must be closed down because of an insured event
  • For damage caused by an insured event
  • Compensation for computer installation
  • Rewriting records

Business glass

This product pays for glass replacement, stock damage, temporary shuttering costs, and repair for:

  • Sign damage
  • Alarms
  • Shopfront damage

Business theft

This protects you from loss of supplies such as replacing locks and repairing the damage. The package includes:

  • Fixing damaged business premises
  • Fixing property
  • Replacing/repairing fixtures and fittings
  • Coverage for stolen personal property

Business vehicle

This product aims to cover the cars you depend on for business operations. The benefits are as follows:

  • Provision of your selected repairer and repair guarantee
  • Towing costs are covered
  • Payment for removing debris in your vehicle
  • Reimbursement of emergency service charges
  • Provision of hired vehicles if your car gets stolen

Business liability

This product protects your business when something goes wrong that affects a third party. Coverage includes:

  • Property damage
  • Personal injury
  • Defence claims

Other Elders Business Insurance Options For You

Elders makes it a point to cover a wide range of business sizes and needs. They also offer cover for:

  • Money
  • Employment practices
  • Machinery breakdown
  • Statutory liability
  • Electronic equipment
  • Tax audit
  • General property
  • Employee dishonesty

A specialist business cover is also available that allows you to customise the policy to your specific needs. The benefit choices include:

  • Manage liability
  • Cyber risks
  • Builders warranty
  • Professional indemnity
  • Aviation
  • Corporate Travel
  • Personal accident, illness, and injury
  • Workers compensation
  • Plant and machinery
  • Special plant and equipment
  • Marine and transit
  • Voluntary workers
  • Commercial strata
  • Industrial specialist risk
  • Contract works

Elders Business Insurance Policy Exclusions

Your insurance policy with Elders doesn’t cover all events. Review the product disclosure statement (PDS) carefully to know the full list of exclusions. Here’s a list of the common exclusions you’ll find in your policy:

  • Damage or loss due to terrorism or war
  • Damage or loss due to intentional damage
  • Damage or loss linked to inoccupancy – for instance, you left a property unoccupied for more than 2 months
  • Damage or loss linked to electronic data
  • Damage, loss, or liability linked to alteration unless written consent is present

Making a Claim with Elders Business Insurance

The local agent assigned to you will arrange everything once you sign a policy. You’ll be provided with a contact number so you can reach out directly. You just need to get in touch with your agent to make a claim.

If you lost their contact details or can’t remember who your agent is, refer to your renewal form. It is also available on their website. You can also reach out to the Elders Insurance National Claims Line: 1300 554 184.

Check Other Insurance Options in the Market with Makes Cents

Elders is a dependable insurer with competitive packages. However, it is still recommended to look for other options first before signing a policy. Check the features side by side to make sure that it will cater to your needs. A comparison website like Makes Cents can help you do this in one click.

Our Elders Business Insurance Review is just one of many. You can also read many more Business Insurance Reviews at MakesCents.