Ansvar Insurance releases new Business Insurance Products

Ansvar Insurance, one of Australia’s leading specialist insurers, has released a new range of Business Insurance products tailored for its market sectors. Ansvar Insurance is committed to continually improving its product offerings and these new policies reflect industry developments as well as emerging risks faced by Small and Medium Enterprises (SME) in Australia.

The new policies are tailored for organisations with less than $10M in assets and/or turnover.

“To ensure our new Business Pack products provided a market leading cover, Ansvar engaged LMI to assist in the development. We proactively undertook this product suite refresh due to changing market conditions and to better meet the evolving needs of our clients,” said Warren Hutcheon, CEO Ansvar.

Along with the new products Ansvar is offering a range of risk solutions tools for SME customers. Services available include risk governance resources, sector risk management forums and workshops, factsheets and checklists, and sector practice standards.

Ansvar’s new SME products offer the following benefits:

Streamlined into four sections
All financial lines including Management Liability
Policy wording tailored to industry sectors such as Child Care, Not-for-Profit, Faith, etc.
Increased limits and improved additional benefits
The four sections of the new products include the following features:

Property and Income

Property protection
Income protection
Full accidental damage
Breakdown of mechanical and electronic equipment
Money and theft
General property
General Liability

Sexual abuse
Limited Medical malpractice
Retroactive liability
Member to member
Trauma counselling costs
Public relations expenses
Organisation Liability

Professional indemnity including public relations expenses, emergency defence costs and run off cover for merger/takeover/sale
Management liability including free legal advice, public relations expenses, outside directorships and unlimited retroactive cover
Personal Accident

No age exclusion
Option to insure volunteers, members, students and children
First line of defence for liability claims
High Risk Activities Extension available

Customers with existing Ansvar Business Pack policies will be transferred to the new policy wordings automatically upon renewal.