Business Insurance

If your business provides professional advice or services, Professional Indemnity Insurance is a critical safeguard. It protects you against claims from clients who allege that your advice, actions, or omissions caused financial loss or harm. Key benefits include: Coverage tailored for a wide range of professional services Protection for those offering expert advice, consultancy, or recommendations Defence against allegations of negligence, malpractice, or professional misconduct Every professional services firm is different, and not all policies offer the same level of protection. That’s why it’s important to work with an expert who understands your industry and can tailor a Professional Indemnity program to suit your specific risks and regulatory requirements.

D&O Insurance protects individuals in leadership roles—such as directors, officers, and senior managers—at both private and public companies from claims of alleged misconduct or breach of duty. These claims can arise from a variety of sources, including shareholders, employees, regulators, creditors, competitors, and liquidators. Policies are typically structured into three key components: Side A Coverage – Provides personal protection to directors and officers when the company is unable to indemnify them. Side B Coverage – Reimburses the company when it indemnifies a director or officer for a covered claim. Side C Coverage – Protects the company itself when it faces liability under securities laws, especially when named alongside directors or officers. Additional coverage options include: Statutory Liability Employment Practices Liability Excess Side A Prospectus Liability Insurance Run-Off Coverage (for protection after resignation or company sale) At Adapt, we help you structure D&O coverage that reflects your company’s governance, risk profile, and regulatory obligations—ensuring your leadership is protected and your business is prepared.

Cyber Insurance provides essential protection against the growing threat of digital attacks and data breaches. It helps businesses manage the financial and operational impact of incidents such as ransomware, phishing, system outages, and other cyber-related events. Coverage may include: Social engineering attacks such as phishing, malicious links, or fraudulent invoices Data restoration costs for lost or damaged electronic information Access to expert incident response teams to contain and recover from breaches First-party and third-party financial loss protection Compensation for income loss due to business interruption Forensic investigation expenses to identify the source and scope of the breach Ransom payments made to cybercriminals (where legally permitted) Legal defence costs arising from claims or regulatory actions related to a cyber event With cyber threats evolving rapidly, having the right insurance in place is critical to protecting your business, your clients, and your reputation.

Machinery Breakdown Insurance covers the cost to repair or replace machinery and equipment that fails due to internal mechanical, electrical, or electronic faults. It does not cover damage caused by external events like fire or flood—that’s typically handled under property insurance. This type of cover is especially important for businesses that rely heavily on equipment to operate, such as manufacturers, trades, warehouses, and commercial property owners. What’s Covered: Sudden and unexpected breakdowns of machinery or equipment Repair or replacement costs for the affected machinery Damage to surrounding property caused by the breakdown Optional cover for business interruption resulting from the failure Even a single breakdown can cause major disruptions and financial strain. This insurance helps minimise downtime and out-of-pocket expenses—keeping your operations running smoothly when critical equipment fails.

General Property Insurance is a valuable addition to a Business Insurance Package—particularly for businesses that operate on the move or across multiple sites. It provides cover for portable tools, equipment, and other assets that are regularly taken off-site or used in various locations. This cover typically includes: Tools of trade, such as carpentry tools, power tools, and electrical equipment Portable electronic devices, including laptops, tablets, and mobile phones Mobile machinery or gear used at client or remote job sites Stock in transit, if specifically included in the policy Whether you're a tradie, contractor, or service provider, this insurance helps protect the essential items your business relies on wherever the job takes you.

Management Liability Insurance is designed to protect the directors, officers, and employees of private companies from a broad range of legal and financial risks. It combines multiple coverages into a single, comprehensive policy—helping safeguard your leadership team and business operations. Coverage typically includes: Employment Practices Liability – Protection against claims such as wrongful dismissal, harassment, or discrimination Directors & Officers Liability – Covers allegations of mismanagement or breach of duty Crime Cover – Includes losses from employee fraud, theft, or third-party criminal acts Statutory Liability – Covers fines, penalties, and legal costs from unintentional breaches of legislation (e.g. OH&S, privacy laws) Identity Fraud Expenses – Reimburses costs related to stolen or compromised business identity Tax Audit Cover – Helps cover professional fees incurred during tax investigations This type of insurance is essential for privately held companies looking to protect their decision-makers and maintain compliance in an increasingly complex regulatory environment.

Business Interruption Insurance is designed to protect your business from financial losses if you're forced to temporarily cease operations due to an insured event—such as a fire, storm, or other property damage. Unlike property insurance, which covers physical damage, this policy focuses on the loss of income and ongoing operational expenses during the downtime. It helps maintain cash flow and supports your recovery until you're fully operational again. Coverage typically includes: Loss of gross profit or revenue during the interruption Fixed operating costs, such as rent, wages, and utilities Temporary relocation expenses to continue trading Additional working costs incurred to maintain operations Recovery period expenses, even after physical repairs are completed This cover is essential for businesses that want to minimise disruption and financial strain when unexpected events impact their ability to trade.

Workers’ Compensation Insurance is a mandatory requirement for employers and provides vital financial protection for employees who suffer a work-related injury or illness. It ensures that your team is supported during recovery and helps your business meet its legal obligations. Coverage typically includes: Medical expenses for treatment and care Rehabilitation and recovery support to help employees return to work Lost wages while the employee is unable to work Lump sum payments for permanent impairment or in the event of a work-related death This cover not only protects your employees but also helps safeguard your business from the financial impact of workplace incidents.

General Property Insurance General Property Insurance is often included as an optional section within a Business Insurance Package—ideal for businesses that operate across multiple locations or frequently work off-site. It provides protection for portable tools, equipment, and valuables that are essential to your day-to-day operations. Coverage typically includes: Tools of trade, such as carpentry tools, electrical gear, and other portable equipment Portable electronic devices, including laptops, tablets, and mobile phones Mobile machinery or equipment used at client sites Stock in transit, if specifically included in the policy This cover helps ensure your business assets are protected wherever work takes you—whether on the road, at a job site, or between locations. ​ Professional indemnity solutions offer: ​ Protection tailored for a wide range of professional services Cover designed for those providing expert advice or consultancy Defence against allegations of negligence, malpractice, or professional misconduct Every professional services firm is unique and some insurers PI products may not fully address your firm’s specific needs. Speak with an expert to ensure your professional indemnity program is tailored precisely to your requirements.