Property Insurance

Imagine this. Thieves break in to your organisation’s premises on the weekend and steal laptops and your new printer. On the way out, they leave a tap running, causing flooding and subsequent electrical issues as your power supply becomes water damaged.

The coming fortnight is your organisation’s major fundraising period for the year, but it’s impossible for the office to be used for safety reasons and your volunteers cannot undertake their tasks without computer access.

If your organisation holds Business Package insurance, you will be covered for the water and electrical damage to your building as a result of the theft. Your laptops and printer will be replaced and the glass windows broken by the thieves upon entry will be repaired.

The business interruption component means the insurer will effectively take the place of your fundraising “customers”, making up the resulting loss of gross profit caused by your inability to produce or supply “goods” to sell.

For an uninsured not for profit organisation, a “break and enter” such as the one outlined could lead to the demise of the organisation due to lost profits and inability to return the office to a safe operating environment. But for an organisation protected by a Business Insurance Package, such an occurrence will be no more than a short term inconvenience.