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What is run-off liability?

Run-off liability provides continued cover for claims made against you or your business after your business has closed, been sold, or you’ve retired. It can help cover legal fees or compensation you may need to pay.

Usually, run-off liability is not automatically included in your policy and needs to be requested. If personal injury or property damage occurs after your policy is cancelled, you won’t have cover unless you took up run-off liability.

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If you run a business from home, let us know so we can help you choose your cover.

Depending on what you use for your home business, some contents may not be covered under our Building and Contents policies. For example, sometimes a Home Contents or a combined Home Building and Contents Insurance policy may be a suitable option for insuring home office equipment that you use to run your business from home. However, this won’t cover stock used by your business.

Keep in mind, under a Home Contents or combined Home Building and Contents policy, legal liability for your business will not be covered, unless the business involves renting your home for domestic use.

Call us on 131 123 (8am–8pm AEST/AEDT) to learn more.

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Your policy covers liability claims made against you for any one incident up to $20 million. This includes legal costs when our lawyers handle your claim.

To understand what we cover under liability, please read the Product Disclosure Statement (PDS)

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Business interruption insurance can help cover loss of income and some operational expenses if your business needs to close as a result of an insured event.

Having this kind of cover can help your business stay afloat while your ability to conduct normal operations has to stop.

The length of time your business is covered for will depend on your individual policy. When you take up a new policy, you’ll be able to decide how long you’d need to be covered for after an insured event.

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Generally, workers' compensation insurance covers employees for wages and medical benefits if they are injured in the course of their employment.

Broadform Liability covers you if you become legally liable to pay compensation (to a person other than an employee) for personal injury or property damage.

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The main thing you get with Third Party Property Damage Insurance is ‘liability cover’.

It’s a basic level of cover (all our car insurance policies come with liability cover up to $20 million).

It covers you for damage you cause to other people’s cars or property in an accident.

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