Services

Coastal Insurance Brokers

Insurance Products & Services

Coastal Insurance Brokers have access to a wide range of insurance products and services. Our job is to help make your insurance purchase as easy as possible. Buying insurance can seem complex, with no two insurance companies providing the same cover or premium. As specialist insurance advisors, we deal with all the major insurance companies and underwriting agencies that offer insurance within your industry sector. We know who offers the products best suited to your needs and we’ll provide you with the most competitive and comprehensive option for all the insurance cover you require.

Business insurance policies provide businesses with protection and peace of mind against a range of risks. Insured events can include:

  • Business interruption (consequential loss)
  • Public and products (broadform) liability
  • Theft/burglary
  • Money coverage
  • Glass breakage
  • Employee dishonesty
  • Machinery breakdown
  • Electronic equipment breakdown
  • Goods in transit
  • General property
  • Tax audit

How do I select the right policy?

It is important that you understand the extent of your policy coverage and your insurance requirements. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

Each insurance company has its own policy wording. This means that coverage can vary considerably from one insurer to another. It is vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Brokers, it is our role to understand the terms and conditions, so Contact Us info@coastalins.com.au now for advice and a quote.

An Overview of Common Policy Coverage

Fire and Perils

Covers your business for damage to insured property, which includes building, contents and stock, caused by certain defined events:

  • Storm
  • Malicious damage
  • Explosion
  • Earthquake
  • Wind
  • Leakage of liquid

Additional extensions of cover are also included:

  • Removal of debris
  • Accidental damage
  • Claim preparation costs

 

Business Interruption

Provides cover for consequential loss of profits or revenue resulting from the interruption or interference with your business caused by damage covered under the Fire and Perils Sections. There are several different options of cover available, these include:

Business Income Protection:

  • Weekly income
  • Additional expenses (eg - relocation costs, expediting expenses)

Consequential Loss of Profits:

  • Gross profit
  • Loss of rent receivable
  • Payroll

Claims preparation expenses

Reasonable professional fees and other expenses necessarily incurred as a result of the property claim (as agreed by the insurer and subject to policy limit).

Additional increased costs of working

This option, if selected provides cover for additional expenditure not otherwise covered under any other section following a loss. It provides cover for reasonable costs incurred to minimise the loss or damage caused to the business. An example of such – cover for additional payroll and advertising expenses required to maintain the business’s customer base. (as agreed by the insurer and subject to policy limit).

Outstanding Accounts receivable 

Cover for the amount owed to the business that it is unable to collect due to damage to records.

Public & Products (Broadform) Liability Insurance

Provides insurance cover in respect of insured's liability for loss or damage caused negligently to third parties, who are not the insured, as a result of an occurrence in connection with the insured business.

It indemnifies the insured business against legal liability to pay compensation in respect of personal injury or property damage claims arising in respect of the product and/or service sold or supplied by the insured; however it does not cover product warranty and is always subject to terms, conditions and exclusions. In addition, these policies also provide cover for defence costs even if the action against you is false or fraudulent, provided that an excluded circumstance does not apply.

Personal Injury cover includes:

Personal Injury cover includes:

  • Death, bodily injury, sickness, disease, disability, shock, fright, mental anguish and mental injury
  • false arrest, wrongful detention or imprisonment, and malicious prosecution
  • Wrongful eviction
  • Assault or battery
  • Libel, slander, defamation of character or invasion of the right of privacy

Property damage includes:

  • Physical damage to tangible property
  • The loss of use of tangible property which has not been damaged but cannot be used due to damage to other tangible property

Theft / Burglary

Covers insured property (business contents, stock and customers' goods as declared) contained on your business premises following forced and violent entry. Additional cover includes damage to buildings and fixtures, replacement of locks, protection of premises, and temporary removal of your property insured to another location subject to the policy limitation.

Money Coverage

Covers Loss of, or damage to, money contained in the building during or outside business hours, while in a locked safe or strongroom, in transit, or in your personal custody while contained in your private residence.

Cover Options Available:

  • Transit to or from your business premises
  • Money while contained in the night safe of any bank
  • Money contained in the building: During business hours; outside business hours; and/or only while contained in a securely locked safe or securely locked strongroom.
  • Money in your personal custody covers

Glass

Cover provides protection against accidental breakage of fixed glass located at the business premises. Property covered includes items such as Glass / Perspex windows, doors, mirrors and skylights for:

  • Fixed external glass; and/or
  • Fixed internal glass.

In most cases the policies also provide cover for wash basins, lavatory pans and cisterns.

Employee Dishonesty

Covers the loss of money or goods (i.e stock) due to the fraudulent or dishonest conduct of an employee, for their own gain or the financial benefit of any other person or business. A few examples of events which are covered include:

  • An employee stealing money to fund gambling activities
  • An employee organising with another person to over-pay invoices or pay false invoices

Machinery Breakdown

Covers for damage to electrical, electronic and mechanical machinery insured due to breakdown located at the business premises.

Cover provides compensation to your business for:

  • The costs of restoring or replacing machinery after breakdown; and/or
  • The cost of hiring temporary machinery

Additional Features and Benefits

  • Cover is available under this section for deterioration/loss of stock (up to the nominated sum insured) following a breakdown.

Computer / Electronic Equipment

Covers damage to insured computers and/or electronic equipment located at the business premises.Cover options available under this section include:

  • Accidental damage covers any accidental loss or damage to the property insured including Breakdown
  • Breakdown only covers sudden and unforeseen failure of computer or electronic equipment

Additional Features and Benefits

  • Restoration of data covers costs for the purpose of restoring data lost as a result of damage (incurred up to nominated sum insured)Increased cost of working cover is for over and above normal operating expenses (up to nominated sum insured) as a result of a loss. This includes external accountants and other professional fees.

General Property

Covers items such as laptop computers, tools of trade whether at, or away from the premises.

There are principally two covers available under this section:

  • Accidental damage covers any sudden, unexpected or occurrence not otherwise excluded
  • A restricted cover to collision, overturning of the conveying vehicle and flood. Fire, cover is available as an optional cover.

Goods in Transit

Covers your business for damage to property insured whilst in transit within Australia caused by certain defined events. It provides cover for Loss of, or damage to goods insured.

There are several cover options available:

  • Fire, collision and overturning covers overturning of the conveying vehicle, resulting in your insured item(s) being destroyed
  • Fire, collision, overturning and theft covers the conveying vehicle being broken into and your insured item(s) being stolen

All risks not excluded covers the insured item(s) being dropped by the carrier resulting in your item(s) being destroyed (covers all risks of loss or damage not otherwise excluded).

Tax Audit

Provides cover for professional fees in connection with an audit by a government body. Cover can be extended to include audit cover of directors of the insured business.

To arrange an obligation free quote please click the button below or if you would like more information or have any questions, please call us on 1300 932 237.

Motor vehicle insurance policies provide financial protection against: loss, damage or theft, property damage, towing costs, re delivery and theft recovery costs and many other liabilities related to motor vehicles. There are several different types of policies available that are outlined below.

Comprehensive:

 Cover for accidental loss or damage to your motor vehicle including legal liability for third party property damage.

Third Party Fire and Theft:

 Cover for fire and theft to your motor vehicle including legal liability for third party property damage.

Third Party Property Damage:

 Cover for legal liability for third party property damage.

Motor Vehicle Insurance Quote:

 To obtain a quotation, fill in the appropriate form below:

Send your form to us by EMAIL info@coastalins.com.au or use the details on our Contact Us page to send it via fax or post.

We will come back to you with a quotation in 2 - 5 business days. If you would like to discuss your specific needs further, please Contact Us . In many circumstances we are able to provide an indication over the phone.

How do I select the right policy?

 It is important that you understand the extent of your policy coverage and your insurance requirements. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

Each insurance company has its own policy wording. This means that coverage can vary considerably from one insurer to another. It is vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Brokers, it is our role to understand the terms and conditions, so Contact Us now for advice and a quote.

Home and contents insurance policies provide protection for your personal assets against fire, storm damage, theft, malicious damage and glass breakage. There are several different policy types available for your Home and Contents Insurance commonly referred to below:

Defined or Listed Events

Provides cover for listed events such as fire, theft, malicious damage, glass breakage, storm damage and earthquake (generally flood cover is not automatically included and may not be available from some insurers). Includes replacement cost as new coverage even though your property or contents may be many years old.

Legal liability for bodily injury or property damage and temporary accommodation costs while your residence is being repaired or rebuilt. This is what would be considered a standard basic policy.

Accidental Damage

Provides cover for accidental loss or damage to your home or contents and includes automatic cover for personal items of contents away from home such as jewellery, camera, sporting equipment and other contents (subject to policy limits which varies from insurer to insurer).

It also includes all the cover afforded under the Defined Events Policy for listed events such as fire, theft, malicious damage, glass breakage, storm damage and earthquake (generally flood cover is not automatically included and may not be available from some insurers).

Includes replacement cost as new coverage even though your property or contents may be many years old; legal liability for bodily injury or property damage; and temporary accommodation costs while your residence is being repaired or rebuilt.

It offers a much broader coverage than a Defined Events Policy.

FLOOD

Most domestic policies now include flood cover. The definition of flood is as follows:

“The covering of normally dry land by water that has escaped or been released from normal confines of any lake, river, creek or other natural watercourse, whether or not altered or modified, or any reservoir, canal or dam”.

How do I select the right policy?

It is important that you understand the extent of your policy coverage and your insurance requirements. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

Each insurance company has its own policy wording. This means that coverage can vary considerably from one insurer to another. It is vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Brokers, it is our role to understand the terms and conditions, so Contact Us now for advice and a quote.

 

Contact Us

Boat and Pleasurecraft Insurance Policies

At Coastal, we understand that the boat you choose, and the waterways you use your boat on, sets your lifestyle apart from other boat owners, hence we can tailor the policy to suit your individual needs.

Boat or pleasurecraft insurance policies provide protection for accidental loss or damage to a boat or pleasurecrat, including fire, theft and third party liability. It is available for most types of watercraft including:

  • Powered and non-powered boats
  • Yachts
  • Kayaks
  • Seadoos

Each insurance company has its own policy wording. This means that coverage can vary considerably from one insurer to another. It is vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Brokers, it is our role to understand the terms and conditions, so Contact Us now for advice and a quote.

One of our friendly staff will be happy to assist you

 

Webber Insurance Services Cyber Insurance

The internet has changed the world we live in, and the presence of a “cyberspace” allows people and businesses to communicate, connect and develop in increasingly sophisticated ways. It is essential for both first and third parties to be fully covered and protected against the exposures that have arisen with the growth of global internet communications and e-business.

Cyber Insurance can provide the following coverage for businesses with each policy tailored to their specific and unique cyber, privacy and media risks:

1) Privacy protection:

  • Third Party Liability: Covers costs to defend and settle claims against you for failing to keep clients personal data secure. This includes forensics costs up to policy limit.
  • Regulatory Actions: Defence costs for investigations by regulators or the payment card industry. These costs are paid with no hourly rate cap for the legal services. Costs for civil penalties (where insurable at law) and compensatory awards levied by regulators can also be paid.
  • Electronic and Non-Electronic Incidents: This cover provides protection for both online and offline activities.
  • Third Party Data Breach: This cover can pay the costs brought by the breach of client’s data held by others on their behalf, including subcontractors.

2) Breach costs:

  • Forensic Investigations: Cover provided for the costs to find out what went wrong and to confirm whose data has been put at risk.
  • Notification: Cover provided for costs to draft and deliver notifications to individuals, the payment card industry (PCI) or a regulator.
  • Customer Support: Costs involved to set up a call centre or offer credit monitoring services to affected customers.
  • Public Relations: Costs to employ a specialist firm to support in rebuilding the reputation of an affected business.

3) Cyber business interruption:

  • Loss of Revenue: Cover for a business affected by a hacker, competitor or other third-party targeting a business’ computer system to prevent earning revenue?
  • Internet and Non-Internet Activities: A preset loss amount figure can be set to provide adequate protection to each business based on their unique requirements.

4) Cyber liability:

  • Intellectual Property Rights Infringement: Costs paid to the business if they breach IP rights including trademarks and copyrighted information.
  • Defamation: Cover for action brought against the business for any defamatory statement ia email, intranet or website, including if made by a hacker.
  • Privacy Breach: Cover for breach of any confidence or infringement of any right to privacy
  • Virus, Worm, Logic Bomb or Trojan horse: Cover against any negligent transmission to a third party via email, website or other method.

5) Hacker damage:

  • Cover for damage, destruction, alteration, corruption, theft or misuse of the business’ website, program or electronic data by a Hacker.

6) Cyber extortion:

  • Cover for illegal threat received directly or indirectly by a third party for money, goods or services as a condition of not carrying out the threat.
  • This includes cover for threats of damage, destruction or corruption of the business’s website, network, programs used or data held electronically.
  • Protection is extended to threats to divulge sensitive commercial information that would cause harm if made public from a third party that obtained unauthorised access to the electronic information.

Liability Insurance for Websites and Online Stores

Insurance for websites, online stores and E-commerce websites is becoming increasingly essential.  This is not only just for larger e-businesses holding vast quantities of personal data – but also for small scale website owners who  have the same legal liabilities of a larger organisation.

For a company operating in today’s high tech world, possible exposures can arise from internal and external emails, websites providing information about the company, its products and services along with the increased risk of e-commerce.

Legislation is continuing to evolve to further protect consumers and their online information, creating potential new liabilities that were previously unseen.

Cyber Insurance Cover for your Business

Cyber Insurance goes beyond traditional liability insurances which have not developed or have not kept up with the pace of development in the internet space, to offer cyber liability insurance packages that address the risks involved with internet exposure to provide the maximum protection for your business.

To arrange an obligation free quote please click the button below or if you would like more information or have any questions, please call us on 1300 932 237.

Contact Us

Working on the land brings many rewards – but just as many risks. As a farm owner, you’re vulnerable to bad weather that can destroy crops or damage your property; diseases that can threaten your livestock, machinery breakdown which can cost you time and money, personal illness or a serious accident – or even a claim from a worker or guest injured on your property.

That’s why farm insurance can help protect your farm and its produce, and the well-being of you, your family and the people that pass through your property.

Who should consider it?

Whether you’re a large-scale crop grower or livestock producer or a small family or hobby farm, Farm Insurance can help protect your farm, its produce and livestock – and the people who benefit from it.

What can it cover?

Farm insurance can be tailored to cover your home and farm buildings, livestock, vehicles, equipment and more. It can also safeguard you against theft and loss of income. For example, a typical Steadfast Farm Pack includes:

  • Protection for domestic property and belongings from insured events or accidental damage
  • Accidental damage and theft cover for farm assets, from silos and sheds, to tractors and utes
  • Cover against third-party claims for personal injury or property damage and legal costs
  • Accident and sickness cover, with regular payments to help keep your business running if you’re injured or fall ill
  • The potential to insure the value of your crops.

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so it is important to speak to one of our friendly staff for advice and guidance.

Because every farm is different, it’s vital that your farm insurance is tailored to meet the specific risks you may face.

How do I select the right policy?

It is important that you understand the extent of your policy coverage and your insurance requirements. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

Each insurance company has its own policy wording. This means that coverage can vary considerably from one insurer to another. It is vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Brokers, it is our role to understand the terms and conditions, so Contact Us now for advice and a quote.

One of our friendly staff will be happy to assist you.

Landlord Insurance

If you own a rental property, you’re vulnerable to the same risks of any homeowner, such as storms, floods and fire. You’re also vulnerable to damage that tenants can do to your contents. And if you can’t rent out your property while it’s being repaired or if your tenants break the lease or leave owing you rent, you could also lose valuable rental income.

That’s why it pays to have landlord insurance, which is designed especially to protect owners of investment properties.

Who should consider it?

If you’re one of the 2.6 million Australians who own an investment property, you should consider taking out landlord insurance to protect your investment and the income it provides. As well as long term leases, Landlord Insurance policies may also cover short term holiday rentals or holiday homes, such as approved Airbnb and Stayz residences.

What can it cover?

The cover you’ll receive depends on the policy that you take out, but your landlord insurance policy may include:

  • Automatic cover for flood, fire or explosion
  • Liability cover for injury or loss of life to a third party or their property
  • Cover for to landlord’s contents – like carpets, curtains, washing machines and ovens
  • Catastrophe cover
  • The option to cover loss of rent
  • Loss or damage caused by tenants or their visitors
  • Electric motor burnout
  • Tax audit cover (up to $5,000)
  • Extra cover for demolition and debris removal

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so check with a Coastal Insurance Broker first.

Product Disclosure Statement

A Product Disclosure Statement (PDS) is available for Landlord Insurance and can be obtained from us upon request.

You should consider the PDS in deciding whether to acquire, or continue to hold, Landlord Insurance

Property is likely to be the biggest investment you’ll ever make – so make sure you protect it. To find out more about landlord insurance, talk one of our friendly staff today. They can help you choose the right type and amount of cover for your situation.

Strata Insurance

Strata Insurance can protect the buildings common areas or facilities, with the premium paid for by the owners corporations.

Who should consider it?

Residential strata insurance is compulsory in every state – so if you’re part of an owners’ corporation in a townhouse, unit, flat, apartment or duplex, the owner’s corporation will need strata insurance. Business owners who work in a strata building should also consider Strata Insurance.

The cover can be managed by an appointed strata manager, or an insurance broker can take care of it on behalf of the owners’ corporation.

What can it cover?

Strata Insurance can cover the building and all common or shared property, and contents which belong to the owners’ corporation. The type of cover and its cost will depend on the kind of building, where it’s located and the amount of common property you share. It may include:

  • Car parks
  • Ceilings
  • Common areas
  • Floors
  • Lifts
  • Shared contents, such as lawnmowers and washing machines
  • Swimming pool

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Coastal insurance broker.

Product Disclosure Statement

A Product Disclosure Statement (PDS) is available for Strata Insurance and can be obtained from a Coastal insurance broker.

You should consider the PDS in deciding whether to acquire, or continue to hold, Strata Insurance.

Speak to a Coastal insurance broker

How do I select the right policy?

It is important that you understand the extent of your policy coverage and your insurance requirements. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

Each insurance company has its own policy wording. This means that coverage can vary considerably from one insurer to another. It is vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Brokers, it is our role to understand the terms and conditions, so Contact Us now for advice and a quote.

 

Public Liability

Protect your business from liability claims outside of your business. If an accident or unforeseeable incident causes damage or injury to someone (other than your employees), you may be found legally liable to cover the costs. Public liability insurance can help to protect your business from the financial risk of liability claims – giving you the certainty you need to trade with confidence.

Who should consider it?

While public liability insurance isn’t mandatory for most businesses, it is recommended for all companies. That’s because the unpredictable nature of accidents makes them hard to prevent – and the costs of being sued can be extraordinarily high.

What can it cover?

Public liability insurance helps protect your legal liability to third parties, including clients, customers and the public for injury or damage to their property, caused by the business. It can even cover emotional distress or shock that your business causes another person.

It will generally pay your costs of investigating, defending and settling claims, as well as any compensation payment you are found liable to pay.

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Coastal insurance broker.

Speak to a Coastal insurance broker

In our litigious society, every business needs the protection of a suitable liability policy.

Contact Us

As Insurance Brokers, it is our role to understand the terms and conditions, so Contact Us now for advice and a quote.

 

Product Liability

Don’t let one faulty product destroy your entire business.

No matter how stringent your company is, mistakes can happen. For example, you may design or sell a product that causes customer harm. Even if you’re not at fault, you could risk serious financial damage through legal and court costs if a customer decides to sue you.

Product liability insurance is designed to help protect your business if you’re sued because a product you sell, assemble or supply has caused harm to a person or to their property.

Who should consider it?

If your business makes, assembles, grows, promotes or supplies products to individuals or companies, you should consider product liability insurance.

What can it cover?

Product liability is usually part of a public liability policy. It can help cover you against the cost of investigating and defending your business against a claim made against you and your product. It can also cover the cost of any damages awarded to a customer if your business is found to be at fault.

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Coastal insurance broker.

Speak to a Coastal insurance broker

Product liability protects your business – and helps you sell products with confidence.

Management Liability

Management liability insurance can provide protection against the financial exposures that come with managing a company. It ensures that you can defend, settle or pay compensation claims, without putting your business or personal finances at risk.

Who should consider it?

Management liability insurance is important for all businesses, big and small to help protect against unpredictable and potentially large liability claims.

What can it cover?

Management liability insurance can cover the business against claims arising from mistakes or deliberate actions – including fraud – from the company or its directors, officers or employees – both past and present.

It can cover the cost of investigating, defending and settling claims by a third party, as well as paying compensation the business is liable for.

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Coastal insurance broker.

Speak to a Coastal insurance broker

With so many different types of business insurance available, it can be hard to know the difference – and which ones you really need. So it makes sense to speak with an expert.

Make sure a small error doesn’t cost your business big money.

Anyone can make a mistake – but if your business is found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business’ hard-earned reputation may be damaged as a result.

That’s why professional indemnity insurance matters – help protecting your assets and brand if your advice or services cause a client to take legal action against you.

Who should consider it?

Professional indemnity insurance is mandatory in some industries, such as medicine, accounting, law and financial advisers – with the requirements differing from state to state.

But even in cases where it’s not required by law, it’s recommended for anyone who is providing professional services or advice in exchange for a fee – like engineers, graphic designers, IT consultants and more. And regardless of your legal obligation, it’s often a customer requirement that you have this cover in place.

Did you know?

When you’re outsourcing work to a contractor, you may still be legally liable for any errors they make – so it’s worth making sure you’re protected.

What can it cover?

As a wide-ranging insurance solution, professional indemnity cover may include anything from accidents to errors and omissions.

To protect against professional risk, you may want to consider a combination of:

  • Professional indemnity insurance to protect against legal action from a client.
  • Medical malpractice insurance for cover against patient claims due to errors or breach of duty.

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Coastal insurance broker.

Speak to a Coastal insurance broker

Because the risks are different for every industry and occupation, you need professional indemnity insurance that’s tailored to your needs.

Cover yourself when travel doesn’t go to plan

If you have ever traveled, you’ll know how stressful it can be when things go wrong far from home. But with travel insurance, you can relax, knowing that you and your family can be covered for financial losses caused by situations like overseas health emergencies, flight cancellations or lost and stolen baggage.

Who should consider it?

Anyone who travels whether it be for work or play. This includes business owners and directors as well as employees, family or friends.

What can it cover?

Travel insurance policies offer cost-effective policies that can cover executives and employees, with some policies also covering spouses and other dependants travelling with them.

Policies vary, but may include:

  • Overseas medical and evacuation cost
  • Life and disablement cover
  • Lost luggage and personal effects
  • Flight cancellations and missed connections
  • Rental car excess
  • Loss of deposits
  • Personal liability
  • Cost of replacing an employee

What isn’t covered?

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Coastal insurance broker.

Contact Us

878 Springvale Rd

Braeside VIC 3195

Phone: (03) 9706 3688

Email: info@coastalins.com.au

Legal

The information provided on this website does not cover all aspects of the law on the relevant subject matter. Professional advice should be sought before any action is taken based upon the matters described and discussed on this site.