Product

We have recently improved our product. Below is a quick snapshot of how our new improvements compare to our old product.

Please view the attached snapshot of how our new improvements compare to our old product.

For more detail please refer to the Cashflow Insurance Policy Document.

Old Product	New and improved
Restricted Indemnity Period	Your client can now have cover from 13 to 104 weeks and this period does not have to match the weeks of turnover covered under the policy. So weeks of indemnity can be longer than weeks of turnover covered
Weekly Cover - generally tied to indemnity period	Cover options range from 12.5% to 100% of annual turnover.
Seasonal Cover - option of separate item	Standard weekly cover now includes seasonal trends as advised so that if a disruption occurs in a peak business period the policy can respond accordingly.
Good in Transit - not covered	Good in Transit now covered.
Property at Storage Locations - not covered	Your client's goods temporarily stored at locations in Australia now covered.
Acquired Companies - extension of cover now available on request	Cover automatically extended to acquired companies for 30 days until full details provided.
100% of liability available to customer suppliers	Standard offer of 20% of maximum limit to customer supplier up to 100% (maximum of $10m) available upon provision of further information.

IUA Policy Highlights

Weekly Policy
Rating Classification pre agreed
No Average
No Deductions for Savings in Business Overheads
Claims Paid Every 7 Days

Additional Benefits

Customers & Suppliers Premises - Overseas cover availability
Public Utilities (No time deductible)
Prevention of Access
Loss of Main Attraction
Disease, Murder, Suicide
Lumped Extensions

Lumped Extensions

Flexibility in applying lumped extensions to get the business up and running - drive a positive claim outcome
Applied to After Loss Costs
Increased Costs of Working
Additional Costs of Working
Wages and Salaries not otherwise recoverable
Wages in Lieu of Notice
Expediting Expenses
Relocation Costs (both ways)
Plus more … refer to PDS for further details- please contact IUA on 1800 223 623 to obtain a copy.

IUA Safety Net

There is an availability to pay Wages and Salaries from the Lumped Extensions, dependent upon application of Rating Classification, therefore providing a 'safety net' for the insured... again policy is flexible in driving outcome

IUA Indemnity Periods

The IUA Policy offers flexibility of cover and a range of Indemnity Periods, from a 13 week minimum to a 104 week (2 year) maximum. IUA has significant experience on the right indemnity period for the type of business. IUA recognises that one size does not fit all.

Training

To understand the differences between the types of BI insurance available, IUA offers ANZIFF approved training. Register your interest in attending.

Get a quote

IUA have a pre-agreed rating classification making premium calculations and quote requests easier.

Get a quote

Whether your clients are accountants, lawyers, consultants, retail, wholesale, hospitality, or manufacturing - we can provide Business Interruption cover.