Important Information for Members of the National Retail Association Ltd

InterRISK is the official Broker to the National Retail Association and is pleased to offer an insurance facility designed to suit you, the “retailer”.

Why join a group insurance facility?
1.   Bulk purchasing power.
2.   Prompt claims service and settlement.
3.   Dedicated personnel to provide professional independent insurance advice.
4.   Contact with InterRISK via toll free number 1800 288 084.
5.   Pay by the month to assist cash flow.

The following are types of insurance that should be considered by a retail business owner and can be tailored to suit your individual needs:

Property and Business Interruption
Protect your assets from perils such as fire, lightning, storm and tempest, earthquake, explosion and water damage. Highlights of the cover available include:

1. Accidental Damage.
2. Cover for glass and signage.
3. Stock and money, increased in peak periods, as specified by you (e.g., Christmas, Easter and gazetted holidays).
4. Removal of Debris, Temporary Repairs and Fire Extinguishment costs.
5. Replacement of keys and locks, if stolen.
6. General Property  (Laptops & Mobile Phones).

1. Gross Profit or Weekly Revenue basis of settlement.
2. Increased Cost of Working Expenses.
3. Claims Preparation Costs.
4. Prevention of access extension.
5. Public utilities, customers’ and suppliers’ premises extension.

Public & Products Liability
Covering your legal liability to third parties to pay compensation in respect of death, illness, injury and/or property damage as a result of an occurrence and happening in connection with the business or caused by any of the products.  The cover includes:

1. Limit of Liability with options for $10,000,000 and $20,000,000.
2. Goods in Care Custody and Control.

Machinery Breakdown and Electronic Equipment
Covering machinery and/or electronic breakdown to equipment, air conditioners, generators, cash registers, computers including loss of data media and the cost of re-writing records. Deterioration of stock following breakdown can also be included.

Motor Vehicle
Comprehensive motor vehicle coverage for your vehicles including:

1. Basis of Settlement is the current market value except vehicles with less than 12 months registration (from first registration date) which shall be replacement value.
2. Liability to third parties to a limit of $20,000,000 any one accident.
3. Sign writing.

Personal Accident and Sickness
Covering death and accident benefits to the named insured for their average weekly earnings (as declared) and a death benefit of $100,000 (or as required).

Transit
Covering stock and/or goods in transit anywhere in the world to the Insureds premises including on-forwarding to other locations. Coverage as per individual requirements.

Taxation Audit
Provides cover for expenses incurred by an Insured in order to comply with a taxation audit commenced by the Australian Taxation Office.

Workers Compensation (Applicable States)
InterRISK can arrange workers compensation as required in each particular State where broker involvement is required. InterRISK can also assist with advice and premium calculation review. In depth analysis can be provided for members with large employee numbers and claims issues.

Please note that the coverage highlighted is a general overview and the policy wording must be reviewed for more information. 

• Contract Works and Liability (new store fit out or refurbishment).
• Flood Cover.
• Fidelity Guarantee – Theft by Employee.
• Personal Insurance for your home, contents, pleasure craft and motor vehicle.

Additional Services

• Premium Funding to spread your payments over the year which assists in maintaining cash flow.
• Life Insurance and Income Protection Solution - We can arrange an introduction with a licensed provider.
• Risk Management Services.