Industry Specific Insurance Advice
Avanti Insurance Solutions has a strong understanding of the unique and complex risk management needs associated with business within the Transport, Civil Engineering and Mining Industries. We have a history of assisting clients’ maintain appropriate risk management strategies in a landscape of changing industry regulations and compliance requirements. We work with individuals and business owners to design insurance and debt reduction strategies to help protect their assets.
From facilitating Risk Managers and legal experts to help with expansions, to coordinating full audits in line with changing regulations, it is our business to manage risk.
Our industry specific risk management services include:
- Fleet Insurance
- Plant & Equipment Insurance
- Business Interruption Insurance
- Management Liability Insurance
- Professional Indemnity Insurance
- Contract work Insurance
- Heavy Motor Vehicle Insurance
- Machinery Breakdown Insurance
- Freight Forwarding & Warehousing Liability Insurance
Liability Insurance
Liability insurance is an important aspect of business planning and risk management that protects your business from financial loss caused by legal action against you. As a business owner, you can be held accountable not only for your actions, but also for the actions of others, such as your employees and contractors.
Liability insurance provides a financial benefit to be used or payment of penalty if you or your business is found to be negligent in terms of property damage or damages awarded to an injured party.
Business Liability Insurance includes:
- Professional Indemnity – insurance cover for your business and employees in the event of a lawsuit relating to professional advice.
- Employment Practices – liability for unfair dismissal, sexual harassment, bullying, invasion of privacy and other activities that may result in legal action and damages payment.
- Legislation – insurance cover from lawsuits or fines associated with Chain of Responsibility, Workers Compensation, pollution and environmental breaches.
- Damage of Goods – business insurance cover for funding legal defence that may result from goods damaged in warehouses, storage or during transportation.
Management Liability Insurance – often incorporates employment practices and directors and officers insurance:
- Statutory Liability – protects the company and its employees from the imposition of fines and penalties.
- Directors and Officers Insurance – Protects directors and employees personal assets from wrongful acts undertaken in performing their duties of responsibility.
At Avanti Insurance Soultions we provide the research, recommendations and education our clients need for informed decision-making about insurance that is appropriate to their specific needs. Further, we provide support and professional and efficient representation for payment of entitlements should action against you require you to make a claim on your policy.
Property Insurance
We help you prepare your business for inconceivable events and risks that may include damage caused by fire, storms and floods.
To best prepare your business against financial loss due to property damage or destruction, we work with you to develop a clear understanding of your business operations to create an appropriate risk profile. We explain in ‘plain English’ the details of your policy including the fine print, so that you may better understand your insurance policy so that you may make informed decisions. Depending on your circumstance, you may benefit from an insurance bundle that may include a number of different policies that together provide the comprehensive cover you need to protect your business.
Our property insurance bundles include…
- Building and contents
- Machinery and equipment
- Office equipment
- Inventory and stock
- Burglary
- Business Interruption
- Contract Works
- Electronic equipment breakdown
- Fire
- Glass
- Earthquake
- Vandalism
- Flood, Storm and Lightning
- General Property Insurance
- Industrial Special Risks
- Landlords insurance and;
- Strata Insurance.
Professional Indemnity Insurance
What is it?
Professional Indemnity (PI) Insurance isn’t just limited to typical ‘professions’ such as accountants, engineers, lawyers, doctors and architects. Essentially, anybody providing advice or consultancy services for a fee has an exposure that needs to be considered. Even something as simple as providing casual advice about the use of a product, for example, could leave your business exposed.
What does it cover?
Imagine if you accidentally breached your client’s privacy or confidentiality, missed out important information, made an error or provided incorrect advice. Any of these simple oversights could lead to a claim against your business, making it vital to protect yourself, your business and your reputation.
Another important consideration is the potential legal costs associated with defending any claim or allegation. The court and legal fees are often underestimated and it can be especially difficult to fund this element of the claim, whilst also trying to keep your business running as normal.
Amongst other risks, PI Insurance typically covers:
- Breach of duty – includes privacy related issues
- Defamation
- Breach of consumer, competition and fair trading
- Loss or damage to important documents
- Infringement of intellectual property
- Public relations costs – to assist with any reputational damage following a claim against your business
- Claim investigation costs - costs of investigating, defending and settling a claim.
Motor Vehicle and Plant Insurance
Avanti Insurance Solutions offers comprehensive motor vehicle insurance for business and personal clients in the mining, civil construction and transport industries. Our extensive market research allows us to provide a range of policies suited to your specific organisation, motor vehicle requirements and budget.
Our policy options provide insurance cover against theft and accidents for business vehicles including trucks and commercial vehicles; plant and equipment; and mobile machinery.
Motor Vehicle insurance policies offered include:
- Fleet Motor with Claims Experience discount (CED)
- Fleet Motor with Aggregate excess
- Fleet Motor Burning Cost
- Owner / Driver covers
- Contract Plant and Machinery
- Options on Section 2 Legal Liability Cover and Dangerous Goods Cover
- Prestige Motor
- Private Motor Vehicle
- Third Party, Fire and Theft
- All lines of Cargo / Marine Insurance
