Commercial Business Package
Comprehensive cover for your dental practice

What Is a Commercial Business Insurance Policy?

The Dentist Plus Commercial Business Insurance Policy has been specifically designed for dental practices to offer comprehensive cover for the following:

Building & Contents

 

Business Interruption

Money

Glass

Public & Products Liability

Electronic Equipment & Machinery Breakdown

General Property

Tax Investigation

Employee Dishonesty

Flood Cover

Commercial Business Insurance Package

This comprehensive Business Package has been tailored  specifically for Australian Dental Practices, and designed to offer the maximum amount of flexibility so you can choose the right amount of cover for your unique practice.

The Dentist Plus Commercial Business Package covers you for some of the biggest risks your practice may face, including Business Interruption, Building & Contents Insurance and Equipment Breakdown.

Case Study

This dental practice’s server had suffered significant damage from a lighting strike during a severe local storm. The initial inspection indicated that all data, including patient records and the practice’s electronic appointment diary would need to be restored and uploaded onto a new server. It was believed that the data transfer would be simple and straight forward.Upon further investigation it was discovered that the practice’s appointment diary data had been corrupted and was completely lost. The practice would need to contact their entire list of existing patients to ascertain who had made an appointment and on what dates, in an attempt to reconstruct appointments for the coming 2 to 3 months. Read More

Facts

0 %
Of SME's are underinsured.
0 %
Of SMEs don't have income protection.
0 %
Of SME's have no business expense protection.
Building & Contents

Building & Contents

The property section of the Dentist Plus Business Package covers damage to buildings, contents & stock caused by fire, perils & accidental damage.
It includes:

  • Cover for buildings/contents & stock
  • Accidental damage
  • Temporary removal of equipment (for up to 90 days)
  • Removal of debris
  • Refrigerated medical supplies ($2,000)
  • Fusion (for electric motors up to 2.5hp)
  • Accidental damage cover including burglary/theft
  • Employee tools / equipment / clothing
  • Landscaping
    • Business Interruption

      Business Interruption

      The key to any business’ success is ensuring that profits are realised. An interruption to your Dental Practice’s ability to trade after a fire or another insured event can often be more damaging than the event itself. Many businesses cannot cover ongoing expenses if they suffer an interruption to, or reduction in, their normal operations. Can your business cover 2-6 months of ongoing expenses if income reduces or ceases?
      This cover ensures that the shortfall in Gross income is covered if an insured event causes an interruption to your business’ ability to trade. It includes:

    • Extra cost of working
    • Accountant fees to assist with the financial claims preparation
    • Gross income / rent
    • Wages
      • Theft & Money

        Theft & Money

        This section covers theft of money and contents/stock, including

      • Money - on premises 24 hours including your (or your employees') private residence, in transit to the bank, your home of anywhere in Australia.
      • Theft without forcible & violent entry
      • Property of directors and employees
      • Injury/death following an assault
      • Temporary protection & security guards
      • Locks and keys
        • Glass

          Glass

          This section covers the breakage of internal & external glass and signs; which is usually a conditional requirement of your commercial lease.
          The policy includes

        • Signs (including illuminated signs and window signwriting)
        • External plate / sheet glass
        • Internal glass including sinks, basins and internal mirrors
          • Public & Products Liability

            Public & Products Liability

            This section covers your legal liability to pay compensation for personal injury or property damage, and is usually a conditional requirement of your commercial lease.

            Choose either $10 million or $20 million cover

              Electronic Equipment & Machinery Breakdown

              Electronic Equipment & Machinery Breakdown

              The Dentist Plus Commercial Business Package combines both machinery & electronic equipment under the one section. We understand that dental equipment can have a component of both machinery & electronics.

              This Section covers you for the repair or replacement of equipment that has suffered an unexpected breakdown. This is a ‘must have’ cover in a dental environment due to the reliance on practice equipment to provide services.

              It includes:

            • $20,000 - Any one loss
            • $20, 000 - Re-instatement of data
            • $20, 000 - Extra cost of keeping you working

              Optional extras:

            • Loss of profits due to a breakdown
            • Increased sum insured for refrigerated dental supplies
            • Breakdown, accidental damage, theft and transit cover for laptops and other portable equipment design to be removed from the surgery.
              • General Property

                General Property

                This section provides cover for practice equipment or portable equipment that is away from the practice for an extended period of time. E.g.: equipment that may be ‘on loan to patients’ or to another business.

                It includes:

              • Cover for a mobile phone or Dental Bag & contents
              • Accidental Damage/Theft from locked vehicle or premises
                • Tax Investigation

                  Tax Investigation

                  The Dentist Plus Commercial Business Package includes this section automatically, at no premium cost to you.

                  This section covers the professional fees, charged to you, by your Accountant, as a result of conducting an audit or investigation by the Australian Taxation Office relating to your liability to pay tax.
                  It includes:

                • Automatic $50,000 cover
                  • Employee Dishonesty

                    Employee Dishonesty

                    The Dentist Plus Commercial Business Package includes this section automatically, at no premium cost to you. This section covers fraud or dishonesty by your employees.

                    It includes:

                  • Automatic $10,000 limit
                    • Flood Cover

                      Flood Cover

                      Available on request and at the insurers discretion.

                      Policy Excess

                    • $250 Standard
                    • $2,000 named cyclone
                    • $500 property damage - public liability
                    • $5000 for flood if insured

                      For more information please refer to the PDS.

                      •  

                        The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Please refer to the Product Disclosure Statement for specific information regarding the insurance cover.

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