The Business Property Damage policy can be taken out under our Commercial Plan. It provides cover against many events that can cause damage to your commercial property.
Provides cover against physical loss and damage directly caused by a number of different events. These events include accident, fire, lightning, explosion or implosion, earthquake, escape of liquid, damage directly caused by a burglar or thief and vandalism, plus many more.
There are two methods available for calculating the amount payable for a claim. These methods are ‘Indemnity’ and ‘Replacement’.
When it comes to safeguarding your commercial investment property you want to know there is someone you can call when things go wrong. With WFI, your insurance will always be managed with a personal touch.
Included in the sums insured under the Business Property Damage policy are additional benefits. You can also choose to insure book debts, loss or damage to customers' property, mortgage protection for a unit, and cover for tax audit costs. The following benefits are in addition to the sum insured when you select the Business Property Damage policy:
For full details, please refer to the Product Disclosure Statement.
Up to $5,000 for employees’ tool, equipment and personal effects.
For full details, please refer to the Product Disclosure Statement.
Up to $25,000 for costs incurred in investigating the cause of damage due to the escape of liquid from a fixed system.
For full details, please refer to the Product Disclosure Statement.
Up to $5,000 for loss of rent.
For full details, please refer to the Product Disclosure Statement.
Up to $10,000 for physical loss of or damage to landscaping directly due to specified events.
For full details, please refer to the Product Disclosure Statement.
30% automatic increase in your sum insured for stock over the Christmas and Easter periods, plus the flexibility to increase this % or period of cover.
For full details, please refer to the Product Disclosure Statement.
The information provided above is intended as a summary only and is subject to the terms & conditions of the policy. For full details of the cover, conditions and exclusions relating to WFI’s business insurance please refer to the WFI Commercial Plan Product Disclosure Statement (PDS).
If you are an existing policyholder, a previous version of the PDS may apply to your policy. Please contact WFI on 1300 934 934 for assistance.
For previous policy booklets, check our policy booklets page.