Archive Insurance is crucial for organizations across Perth, Sydney, Melbourne, Brisbane, and Canberra that handle valuable records and collections.
From protecting delicate materials to mitigating public liability risks, BAU Risk offers Archive Insurance designed specifically to safeguard against industry-specific threats. This insurance covers property damage, liability claims, and business interruptions, enabling institutions to focus on preservation without financial concerns over unexpected setbacks.
According to the Insurance Council of Australia, the average property damage claim for archives can exceed $40,000 due to incidents such as fires, floods, and other natural disasters, underscoring the importance of comprehensive insurance coverage.
The Australian Society of Archivists reports that business interruptions, including those caused by data breaches and system failures, can lead to financial losses of over $100,000, emphasizing the need for robust insurance policies.
Archive Insurance provides essential protections across several areas. Property insurance shields valuable assets and equipment from potential damage or loss, which is vital for archives housing irreplaceable documents. Public liability insurance covers third-party claims, protecting institutions if visitors or contractors incur injuries on-site. Business interruption insurance offers financial support if operations are halted, essential for facilities with high preservation standards. Additionally, professional indemnity insurance protects against claims of negligence, safeguarding the institution’s reputation. For those with employees, workers’ compensation insurance covers job-related injuries, while management liability insurance protects company leaders from potential legal or financial consequences.
To explore tailored insurance options for your archive, Request a Callback or Contact Us.
Protects assets and equipment from damage or loss.
Covers third-party injury or property damage claims.
Provides financial support during periods when operations are disrupted.
Provides protection against claims of negligence or errors in professional services.
Covers medical expenses and lost wages for employees injured on the job.
Offers protection against claims related to management decisions and actions.
By investing in Archive Insurance, companies can ensure they are protected against various risks, allowing them to operate smoothly and efficiently.
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Keeping your business covered, so you can keep business as usual.
BAU Risk Services Pty Ltd is a Corporate Authorised Representative (CAR No. 001308013) of Apollo Risk Services Pty Ltd AFSL 403727 and provides General Insurance and Risk Management Services to their Australia wide clientele.