There two property policies which, address the loss associated with fire, storm damage, accidental and malicious damage, glass breakage, theft, hold-up and break-in, and an array of other perils that could impact on your assets, including breakdown of fridges, air-conditioning units, etc. Business Interruption insurance is also available, to protect the loss of gross profit incurred by the club if your club activities are interrupted by the property damage incurred.
ISR and Machinery Breakdown cover are provided as a package in order to minimise overall costs to clubs. Excesses vary depending on the type of loss, but the typical excess is $1,500 for any claim. A named cyclone excess of $10,000 applies for claims arising from a cyclone.
Flood coverage is not under the ISR and Machinery Breakdown policies.
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