Commercial Business Package Insurance Policy

Commercial Business Package Insurance Policy

Commercial Business Package Insurance Policy

Commercial Business Package Insurance Policy Lumley Insurance Commercial Business Package > Policy Wording

3 Commercial Business Package Lumley Insurance Commercial Business Package > Policy Wording > Table of Contents IMPORTANT INFORMATION 6 1. Entering the Policy with Us 6 2. Cost of the Insurance 6 3. Duty of disclosure 6 4. Other party’s interests 7 5. Cooling Off 7 6. Code of Practice 7 7. Complaints 7 8. Privacy 7 9. Goods and Services Tax (GST) 9 10. Terrorism Insurance Act 2003 (Cth) 9 11.  Intermediaries, General Advice Services provided by Lumley Insurance or its intermediaries 9 12.

Underinsurance 10 13. Financial Claims Scheme 10 14. Exclusions and Conditions 10 15. Updating Product Disclosure Statement 10 16. Section 40 Insurance Contracts Act 1984(Cth) 10 17. Victorian Fire Service Levy 10 GENERAL PROVISIONS 11 General definitions 11 General exclusions 12 General conditions 14 FIRE AND PERILS COVER SECTION 18 Definitions 18 Cover 19 Basis of settlement 19 Defined events cover 20 Accidental damage cover 20 Additional Benefits 21 Optional Extensions 24 Exclusions 24 Conditions 25 BUSINESS INTERRUPTION COVER SECTION 27 Definitions 27 Cover 28 Part A – Annual revenue basis 28 Part B – Weekly revenue basis 28 Part C – Insurable gross profit basis 29 Common clauses to parts A, B and C 30 Additional Benefits 32 Optional Extension 33 Conditions 34 THEFT COVER SECTION 35 Cover 35 Basis of settlement 35 Additional Benefits 35 Optional Extension 37 Exclusions 37 MONEY COVER SECTION 38 Definitions 38 Cover 38 Defined events 38 Basis of settlement 38 Additional Benefits 38 Optional Extensions 40 Conditions 40 Exclusions 40 GLASS COVER SECTION 42 Definitions 42 Cover 42 Basis of settlement 42 Additional Benefits 42 Exclusions 43 BROADFORM LIABILITY COVER SECTION 44 Definitions 44 Cover 46 Limits of liability and excess 47 Additional Benefit 47 Optional Extensions 48 Exclusions 49 Conditions 52 GENERAL PROPERTY COVER SECTION 54 Definitions 54 Cover A – Accidental Loss or Damage 54 Cover B – Fire, Theft, Collision and other expressed perils 54 Basis of settlement – Covers A & B 54 Cover C– Goods in transit 54 Basis of settlement – Cover C 54 Exclusions – Cover C 54 Exclusions – Covers A, B & C 55 Lumley Insurance Commercial Business Package > Policy Wording Commercial Business Package Policy Wording and Product Disclosure Statement The insurer of this Commercial Business Package insurance is WFI Insurance Limited ABN 24 000 036 279 AFS Licence No.

241461, trading as Lumley Insurance.

This document contains important information about this insurance and how it works. Before making a decision to take up this insurance, please read this document carefully. To determine if this insurance is appropriate for You, it is important that You read: • this Introduction and the Important Information - it contains information on important matters You need to be aware of before applying for this product; • the Policy, which explains the features, benefits, terms conditions and exclusions of this product; • any other documents We provide to You about this product which may change the features, benefits, terms, conditions and exclusions described in the Policy.

Preparation Date: 12 May 2014 Lumley Insurance is a trading name of WFI Insurance Limited ABN 24 000 036 279 AFSL 241461. The‘Greater Than’symbol is a registered trademark of Lumley Insurance. NEW SOUTH WALES Lumley House Level 9, 309 Kent Street Sydney NSW 2000 Phone: (02) 9248 1111 Fax: (02) 9248 1122 50 Glebe Road The Junction Newcastle NSW 2291 Phone: (02) 4925 7500 Fax: (02) 4940 0295 CANBERRA Level 4, 10 Rudd Street Canberra City ACT 2600 Phone: (02) 6279 0333 Fax: (02) 6279 0330 VICTORIA Level 3, 99 King Street Melbourne VIC 3000 Phone: (03) 8627 4333 Fax: (03) 8627 4312 TASMANIA 76 York Street Launceston TAS 7250 Phone: (03) 6345 4700 Fax: (03) 6345 4711 SOUTH AUSTRALIA 465 Pulteney Street Adelaide SA 5000 Phone: (08) 8228 1700 Fax: (08) 8228 1777 WESTERN AUSTRALIA Level 7, 5 Mill Street Perth WA 6000 Phone: (08) 9220 8222 Fax: (08) 9220 8251 QUEENSLAND Level 2, 99 Melbourne Street South Brisbane QLD 4101 Phone: (07) 3307 4800 Fax: (07) 3307 4899 NORTHERN TERRITORY Level 2, Beagle House 38 Mitchell Street Darwin NT 0800 Phone: (08) 8946 4600 Fax: (08) 8946 4666

5 Lumley Insurance Commercial Business Package > Policy Wording > Table of Contents MACHINERY AND ELECTRONIC COVER SECTION 56 Important information 56 Definitions 56 Part 1 – Machinery Cover 56 – Basis of settlement 56 – Exclusions 57 – Optional Extensions 58 Part 2 – Electronic Cover 58 – Basis of settlement 59 – Exclusions 59 – Conditions 59 – Optional Extensions 59 Exclusions 60 Conditions 62 EMPLOYEE DISHONESTY COVER SECTION 63 Definitions 63 Cover 63 Basis of settlement 64 Additional Benefits 64 Exclusions 64 Conditions 64 TRANSIT COVER SECTION 66 Definitions 66 Cover 66 Basis of settlement 66 Additional Benefits 66 Exclusions 66 Conditions 67 MANAGEMENT LIABILITY COVER SECTION 68 About this Policy Section 68 General Provisions 68 General Extensions 71 Coverage Part 1 – Directors & Officers Liability 77 Coverage Part 2 – Employment Practices Liability 80 Coverage Part 3 – Statutory Liability 81 Coverage Part 4 – Company Liability 81 MOTORPACK® - PRODUCT DISCLOSURE STATEMENT 85 Premium 85 Excess 85 MOTORPACK® SIGNIFICANT FEATURES AND BENEFITS 86 Part A – Commercial Motor 86 Part B – Heavy Motor 88 Part C – Mobile Plant & Equipment 90 PART A - COMMERCIAL MOTOR 94 Definitions 94 Section 1 – Cover for Your vehicle 94 Specific exclusions - Applicable to Section 1 98 Section 2 – Cover for Damage to Third Party Property 98 Specific exclusions - Applicable to Section 2 99 General extensions applicable to all sections 99 General exclusions applicable to all sections 100 General conditions applicable to all sections 101 PART B - HEAVY MOTOR 103 Definitions 103 Section 1 – Cover for Your vehicle 104 Specific exclusions - Applicable to Section 1 107 Section 2 – Liabilities to third parties 107 Specific exclusions - Applicable to Section 2 109 General extensions - Applicable to all sections 110 General exclusions - Applicable to all sections 110 General conditions - Applicable to all sections 111 Commercial Business Package Commercial Business Package Lumley Insurance Commercial Business Package > Policy Wording > Table of Contents PART C - MOBILE PLANT & EQUIPMENT 114 Definitions 114 Section 1 – Material damage 115 Section 2 – Road risk liability 118 General extensions 120 General exclusions 121 Specific exclusions applicable to section 1 122 Specific exclusions applicable to section 2 123 General conditions 125