ISR Vs Business Pack

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Do you have the right level of cover?

Your vehicles and other related assets are the backbone of your business. So it’s vital to make sure you are thoroughly covered for all eventualities. But taking out multiple policies can be expensive and confusing, with the risk that you’ll waste money on unnecessary cover or leave your business exposed.

That’s why an Industrial Special Risks (ISR) policy or Business Pack policy can be the ideal solution.

What are ISR and Business Pack policies?

Originally designed for larger industrial and commercial business, an ISR policy now covers broader range of businesses. It streamlines your business’ insurance covers by combining several covers in the one policy.

This means you don’t need to take out separate fire and perils policies plus additional policies such as glass and money, because they are included in the one policy.

An ISR policy has two sections:

Material Damage.

Business Interruption.

Similarly, Business Pack insurance provides wide-ranging business insurance protection under the one policy.

Which solution is right for you?

Rentsure understands that no two businesses are the same. What’s more, there are no set industry rules about whether a risk should be insured under a Business Pack or an ISR policy. Instead, each Insurer sets their own threshold of assets and turnover. So any risks above this set threshold are insured under an ISR rather than a Business Pack policy.

DKG is a member of the largest insurance broker network in Australiasia, the Steadfast Group.

Comprised of over 300 brokerages with over 500 offices, the group generated over $5 billion in insurance sales in FY14. This scale gives Steadfast enormous buying power, flexibility and influence when negotiating with major insurers on behalf of Steadfast brokers and results in us being able to provide our customers with access to multiple insurance companies, a broad range of products, competitive pricing, valuable advice and quality service.

As a Steadfast network insurance broker, you get the best of both worlds – local and personalised service, with the insurance expertise and support of a large organisation.

Strength when you need it.