Search for insurance help

Protests – Is your Business Covered?

Dawson Insurance

Jan 11, 2021
Views: 999

Liability Insurance Goods in Transit Insurance Business Interruption Insurance

It’s a difficult topic in this multifaceted society where we all have our own approach to diet, exercise and lifestyle. Whilst we don’t wish to upset anyone, this topic is something we feel we should discuss as some people and businesses are affected.

Over the last few weeks, Farms, abattoirs and other food-chain producers targeted by animal rights activists.

Protesters have chained themselves to equipment, invaded farms and abattoirs, stolen livestock and blocked a major Melbourne intersection as part of a wave of activity that culminated in simultaneous demonstrations last week (www.insurancenews.com.au covered in a recent article – link at the tail of our blog).

Some have discovered that they are not covered for potential impacts on their businesses. So, is your business covered?

The potential implications of these issues could be:

Public Liability – Protesters, Staff or Subcontractors being injured
Business Interruption – trade being restricted or halted due to the protesting
Property Damage – equipment or stock sustaining damage
Malicious Damage – Protesters forcibly stopping equipment or damaging property
Theft or forced removal of goods – The theft of stock or vehicle/equipment keys etc
Interruption of stock delivery (goods in transit) – Drivers being physically stopped at the gates and cannot deliver stock
Goods in cold storage – Refrigeration equipment being destroyed and loss of cold goods
Plus more…

So, Protests – Is your Business Covered?

Having reviewed some of the Farm Policies and Business Policy available to the market, some are not sufficient to protect against such scenarios.

A more tailored solution must be negotiated between the Insurance Broker and the Insurer.

Aside from taking a more Increased physical security approach (Security Firms, CCTV, Gated boundary fencing, signage etc), Insurance is another approach to be considered.

Has your business experienced the type of scenario alluded to above? Its best to broach this topic before this happens to your business, and mitigate the potential issues before they occur.

Business Interruption

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Brad Dawson, Dawson Insurance, ABN 27159041399, AFSL 344648

This article originally appeared on Dawson Insurance News Blog and has been published here with permission.