If we agree to pay a claim, we will pay the increased costs of working as agreed by us in advance.
Limits to what we pay
We will not pay more than theinsured amountfor Section 4C shown in theschedule, less the charges and expenses of thebusinessthat may cease or be reduced as a result of thelossordamage. We will pay for a maximum period of three months from the date thelossordamageoccurred.
Excess
Section 5 – Business Interruption
You can claim for a reduction in yourgross incomeorweekly incomeor the additional increased costs of working (as chosen by you and shown in theschedule) if thebusinessis interrupted directly bylossordamageas described under “What we cover” if:
“Business Interruption” is shown under “What’s Covered” in theschedule, thelossordamageoccurs during theperiod of insurance, the claim is not excluded under the “What we exclude” column of this section, and thelossordamageis not excluded by any of the General Exclusions listed on pages 43 and 44.This is an optional section of the policy, but you must insure your contents to take out this section. It covers a reduction in your business income as a result of damage to your property. Depending your business, you can choose to cover either gross income, weekly income or additional increased cost of working.
What we exclude
What we cover
A reduction in yourgross incomeorweekly
incomeor the additional increased costs of
working caused by one of the following insuredevents:
1. Loss of or damage to your home or contents.
lossof ordamageto yourhomeorcontentsat
yourpremises, due to aneventcovered under
Section 1 – Home and Contents, or any other policy insuring the sameevents, and for which the insurers have admitted liability.
2. Boiler explosion
the explosion of any boiler or economiser on
thepremises.
3. Damage to the premises at an electricity, gas, water supplier or land based telecommunication installation
damagecaused by aneventwhich would be
covered under Section 1 – Home and Contents of this policy, but which is insured under another policy and for which the insurers have admitted liability, to:
(a) an electricity power station or sub-station, (b) a gas works,
(c) a water or sewerage works, or
(d) a land based telecommunications installation situated in Australia or its external territories, which supplies yourbusiness.
Any claim for a reduction ingross incomeor
weekly incomewhere there is no insurance in
place which has paid or will pay for thelossof
ordamageto your property at yourpremises,
where suchlossordamagehas caused or contributed to the interruption to thebusiness. Any claim for reduction inweekly incomeunless the period of interruption or interference has been in excess of 3 consecutive days.
A reduction ingross incomeorweekly incomeor the additional increased costs of working caused bylossof ordamageto your property at your
premises, due toflood.
We will not pay more than 20% of the insured
amountshown against “gross income” or
“weekly benefit” in theschedule.
We will not pay a reduction ingross incomeor
weekly incomeor the additional increased costs
of working caused bydamage, due toflood. We will not pay for the first 48 hours of any such interruption or interference to thebusinesswhich occurs after thelossordamageto the property of the electricity, gas, water or telecommunications supplier occurs.
What we exclude
What we cover
4. Prevention of access
damageto property which would be covered under
Section 1 – Home and Contents of this policy, but which is insured under another policy and for which the insurers have admitted liability, and:
M the property is in the vicinity of yourpremises, and
M thedamageprevents or hinders access to
yourpremises.
5. Damage to the premises of suppliers
damageto property caused by aneventwhich
would be covered under Section 1 – Home and Contents of this policy but which is insured under another policy and for which the insurers have admitted liability at the Australian premises of any supplier of yours which supplies you directly with manufactured goods or materials.
6. Infectious Disease, Vermin or Pests or Defective Sanitary Arrangements, Food or Drink Poisoning, Murder or Suicide, Shark or Crocodile attack.
The evacuation or closure of all or part of your
premisesby any legal authority as a result of:
M the outbreak of a human infectious or contagious disease at thepremisesor within a 20 kilometre radius,
M vermin or pests or defects in the drains or other sanitary arrangements at thepremises,
M poisoning of customers directly caused by the consumption of food or drink provided on the
premises,
M murder or suicide occurring in or at the premises,
M shark or crocodile attack occurring within a 20 kilometre radius of thepremises.
7. Computer installation.
damagecaused by aneventwhich would be
covered under Section 1 – Home and Contents of this policy but which is insured under another policy and for which the insurers have admitted liability to a computer installation, including any ancillary equipment and data processing media, utilised by you.
8. Documents temporarily removed.
damagecaused by aneventwhich would be
covered under Section 1 – Home and Contents of this policy but which is insured under another policy and for which the insurers have admitted liability to any of yourdocumentsordocuments
held in trust by you while:
M temporarily at premises in Australia, not occupied by you, or
M in transit to any place in Australia.
A reduction ingross incomeorweekly incomeor the additional increased costs of working caused
bylossordamage, due toflood.
We will not pay more than 20% of theinsured
amountshown against “gross income” or
“weekly benefit” in theschedule.
A reduction ingross incomeorweekly incomeor the additional increased costs of working caused
bydamage, due toflood.
We will not pay for the first 48 hours of any such interference or interruption.
We will not pay more than 20% of theinsured
amountshown against “gross income” or
“weekly benefit” in theschedule.
We will not pay for the first 48 hours of any such interference or interruption.
We will not pay forlossof or reduction in your
gross incomeorweekly incomethat results from
an interruption of yourbusinessthat is caused by:
M highly pathogenic avian influenza in humans, or
M any other diseases declared to be
quarantinable diseases under the Quarantine Act 1908 and subsequent amendments.
A reduction ingross incomeorweekly incomeor the additional increased costs of working caused
bydamage, due toflood.
We will not pay more than 20% of theinsured
amountshown against “gross income” or
“weekly benefit” in theschedule.
A reduction ingross incomeorweekly incomeor the additional increased costs of working caused