JLT Sport Asset Protect

Insurance Covers

The insurance covers outlined here have been specifically designed for Sporting Clubs and Bodies, are broad in the benefits offered and competitively priced.

Business Pack Insurance

What is Business Pack Insurance?

Business pack insurance includes the following options:

• Fire & Perils (including Accidental Damage)
• Glass
• Money
• Theft (other than theft by an employee – as above)
• Business Interruption
• Computer & Electronic Equipment
• General Property
• Machinery Breakdown / Deterioration

Fire and Perils Insurance

This insurance Policy will provide reinstatement and replacement cover for buildings, fixtures, fittings, contents and other property of the Club following loss and/or damage resulting from any of the following perils:

Insured Perils

• Fire,
• Lightning,
• Aircraft or other aerial devices,
• Earthquake (excess – $20,000 or 1% of the total sum insured whichever is lesser),
• Storm, Rainwater, Wind, Hail,
• Water discharging or leaking from pipes or apparatus,
• Riots and Strikes,
• Vandalism,
• Explosion (excluding to Boilers),
• Impact by vehicles, animals (but not by eating etc) and trees (but not following felling or lopping).

Additional Policy Benefits

• Accidental Damage (Limits up to Sum Insured or maximum of $50,000),
• Extra Cost of Reinstatement,
• Temporary Repairs,
• Demolition & Debris Removal (Limit up to $100,000 but not more than 20% of the Total Sum Insured),
• Loss of Land Value (Limit $100,000 and not more than 10% of the Building Sum Insured),
• Floor Space Ratio or Index,
• Fees and Costs,
• Fire Fighting Costs (Limit $25,000 during the Period of Insurance),
• Exploratory Costs (Limit $25,000 during the Period of Insurance),
• Temporary Protection and Watchmen (Limit $25,000 during the Period of Insurance),
• Capital Additions (Limit up to $100,000 in the Aggregate during the Period of Insurance but not more than 20% of the Building Sum Insured),
• Minimisation of Damage,
• Flood (optional),
• Restricted Transit ($25,000 or 25% of the total sum insured whichever is lesser),
• Temporary Removal to Other Premises ($100,000 or 25% of the total sum insured whichever is lesser).

Exclusions to Cover:

As per Policy Wording.

SPECIAL CONDITIONS

1. Sprinkler / Alarm Installation

   If You are responsible for any:

   1. fire sprinkler equipment; or
   2. fire or smoke detection equipment

   located at the Premises, then we will not pay for any Damage caused by fire at the Premises unless all such equipment that You are responsible for is maintained in good condition and is working effectively at all times.

2. Unoccupied Buildings and Premises

   No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

Business Interruption Insurance

Following damage or destruction to the Club or Association’s premises resulting from a peril which is covered under the Fire and Perils, Theft or Glass section of the Policy, the Business Interruption section of the Policy will provide financial compensation for the loss of Gross Income which may result from the interruption or interference to the Club or Association’s business activities.

The Policy will also provide indemnity for the additional costs incurred by the Club or Association to reduce or avoid a reduction in Gross Income.

Indemnity Period – 12 months from the date of the loss and/or damage.

Additional Policy Benefits:

• Increased Cost of Working
• Gross Rentals
• Accountants Fees (Limit $5,000).
• Accumulated Stocks Clause,
• Prevention of Access, Public Utilities, Computer Installations, Commercial Complexes,
• Fines and Damages (Limit – will not exceed 5% of the Total Sum Insured),

Exclusions to Cover:

As per Policy Wording.

SPECIAL CONDITION

Unoccupied Buildings and Premises

No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

Theft Insurance

This insurance Policy will provide Repair or Replacement cover for Contents of every description following “theft” of such property belonging to the Club or Association.

Definitions:

Contents:

means business furniture, fixtures and fittings, machinery plant and equipment and all other contents (including stock, sporting equipment, computers, electronic equipment); either your own or for which you may be responsible for the purposes of the business at the premises.

Stock:

means merchandise or materials of trade either manufactured or in the course of manufacture, goods held in trust or on commission either belonging to you or for which you are legally responsible. Furthermore, Stock is extended to include alcohol, cigarettes, cigars and tobacco goods.

Theft:

• Theft following visible forcible and violent entry into or exit from buildings at the premises,
• Theft by a person hiding on the premises,
• Theft by an actual, attempted or threatened armed hold up; or
• Theft by an actual, attempted or threatened assault or violent act.

Additional Policy Benefits:

• Locks and keys (Limit $1,000 during the Period of Insurance),
• Temporary Protections and Watchmen (Limit $2,000 during the Period of Insurance),
• Clothing and Personal Effects (Limit $1,000 during the Period of Insurance),
• Damage to Premises.

Exclusions to Cover:

• Theft from an open sided structure such as but not limited to verandahs, yards or other open spaces whether they are partially or fully enclosed by a building or not,
• Theft when entry has been made using keys or security codes,
• Theft of Money or negotiable instruments,
• Theft of motor vehicles,
• Consequential loss of any kind,
• The dishonest manipulation of any database or computer system.

SPECIAL CONDITION

Unoccupied Buildings and Premises

No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

Money Insurance

This insurance Policy will provide indemnity following the theft or loss of money whilst:

• In Transit anywhere in Australia or in a bank’s night safe,
• On the Premises during business hours
• On the Premises outside business hours
• In a Locked Safe or Locked Strongroom
• In your custody

Definitions:

Money:

means current coin, bank notes, currency notes, cheques, credit card sales and/or discount house vouchers, postal orders, money orders, unused postage and revenue stamps, and including the value of stamps contained in franking machines.

Additional Policy Benefits:

• Damage to Safes or Strongrooms (Limit $1,000),
• Clothing and Personal Effects (Limit $1,000 during the Period of Insurance),
• Keys, Locks and Combinations (Limit $1,000 during the Period of Insurance),
• Temporary Protection and Watchmen (Limit $2,000 during the Period of Insurance)
• Bank Holiday Increase

Exclusions to Cover:

• Theft from an unattended vehicle that is not locked,
• Theft from a Safe or Strongroom when the locking device is opened by:
  • a key, magnetic key or card, or similar device;
  • a consequence of numbers or letters, or numbers and letters; or
  • any combination of the security devices shown above;
• When these security devices are left unsecured on the Premises while you are not there,
• Theft from a Safe or Strongroom that is not locked when you are not there,
• Shortage due to error or omission,
• Loss discovered more than 7 working days after such loss,
• Loss due to fraudulent or dishonest acts unless Loss occurred from Theft following visible, forcible and violent entry,
• Loss due to the dishonest manipulation of any database,
• Consequential loss of any kind.

SPECIAL CONDITION

Unoccupied Buildings and Premises

No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

General Property Insurance

This insurance Policy provides cover for the costs incurred in Reinstatement, Replacement and/or Repair of property following loss or damage anywhere within Australia where you conduct business including whilst in transit.

(General Property is cover for contents away from the Club or Association’s premises i.e. sporting equipment stolen from the coaches locked home, locked motor vehicle or opponents locked clubrooms etc).

Theft cover is limited to:

• Theft consequent upon actual forcible and violent entry,
• Theft occurring outside business hours by a person having been feloniously concealed on the premises, provided that there is evidence of forcible and violent exit from the premises,
• Theft consequent upon threat of immediate violence or violent intimidation.

Additional Policy Benefits:

Accidental Damage resulting from collision or overturning of a vehicle in which the property is being conveyed.

Exclusions to Cover:

• Theft of property from a vehicle that is unlocked and unattended,
• Theft of property located in the open air, and others

As per Policy Wording.

SPECIAL CONDITION

Unoccupied Buildings and Premises

No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

Glass Insurance

This insurance Policy will provide cover in respect of Breakage of fixed External Glass and Internal Glass at the Club or Association’s premises.

Definitions

Glass:

means glass, sanitary ware and plastic material used as glass.

Additional Policy Benefits:

• The cost of temporary repairs, install shuttering and employ watchmen or guards;
• Repair or replace damaged frames, sign-writing, alarm tapes, coatings or fittings or stock;
• Remove and refit fixtures and tiles to allow the repair or replacement of broken Glass;
• Arrange after hours services, express delivery and labour at overtime rates.
• Damaged Stock (Limit $2,000 during the Period of Insurance)

For the above extensions of covers (excluding Damaged Stock), Payment is limited to a combined level of $5,000 during the Period of Insurance.

Exclusions to Cover:

As per Policy Wording.

SPECIAL CONDITION

Unoccupied Buildings and Premises

No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

Electronic Equipment Insurance

This insurance Policy provides cover for the costs incurred in Reinstatement, Replacement and/or Repair of Computer and Electronic Equipment following accidental damage or breakdown.

In respect of Breakdown we will not be liable for:

• Breakdown provided for under a supplier’s or manufacturer’s warranty or comprehensive Hardware Maintenance Agreement.
• Breakdown of print heads, belts, chains, fuses, circuit breakers, contacts which spark or arc, photo-sensitive drum assemblies, x-ray cathode ray or other electronic tubes or valves or picture tubes, latches, locks securing mechanisms, magnetron units, batteries, carbon ribbons.
• Physical destruction, loss or damage resulting from fluctuation in the electricity supply voltage.

Additional Policy Benefits:

• Business Interruption
• Consulting Engineers’ Fees (Limit $2,000),
• Additional Expenses Incurred in Temporary Repairs (Limit $2,000),
• Removal of Debris (Limit $2,000),
• Overseas Air Freight (Limit $2,000),
• Expediting Expenses (Limit – will not exceed 50% of the cost of carrying out the replacement or repair at ordinary charges),
• Equipment on Loan (Limit – the Sum Insured of the item it replaced).

Exclusions to Cover:

As per Policy Wording.

SPECIAL CONDITION:

Back up of Data

It is a condition of the Business Interruption Section that you back up or duplicate the data at intervals of not greater than (30) days and that these duplicate copies are stored off site.

Unoccupied Buildings and Premises

No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

Machinery Breakdown Insurance

This insurance Policy provides cover for the costs incurred in Reinstatement, Replacement and/or Repair for:

• Machinery against Breakdown,
• Pressure Equipment against Collapse and Explosion,
• Goods in Cold Chamber against Deterioration.

Additional Policy Benefits:

• Deterioration of Goods in Cold Chambers,
• Increased Cost of Working (Limit $10,000 in total any one event or 15% of the total sum insured whichever is the lesser),
• Loss Minimisation – Goods

Exclusions to Cover:

As per Policy Wording.

SPECIAL CONDITION

Unoccupied Buildings and Premises

No cover is provided for Loss or damage occurring during any period whereby the premises becomes unoccupied for a period of more than 60 consecutive days.

Important Document

Policy Wording (PDF, 323KB)