Policy Wordings: Important to Read

After the bushfires in Australia, there have been reports of many families making claims only to be turned back by their insurers, due to limitations of coverage on their insurance policies. This has been evidenced on the levels of the consumer (families) and also the builders.

Whilst we do not deal with home and contents insurance at present, the general theme can be applied to business insurance: always read your policy wordings. If you don’t understand anything, make sure the insurer or broker clarifies it for you. based on this, BizCover Professional Indemnity Insurance, working alongside insurers, has aimed to create easy to understand tables of exclusions and a glossary.

We encourage all BizCover customers to donate to the Victoria Bushfire Appeal.