Term life insurance pays a lump sum benefit on the death of the life insured, during the term of the insurance. It is probably the most economical form of protection for your family in the event of your death.

Life insurance that remains in force during the insured's entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance also builds a savings element (called the cash value).

Total and Permanent Disability Insurance provides for a payment in the event the insured is adjudged totally or permanently disabled and therefore unable to work.

Trauma Insurance provides for a payment of a stipulated amount in the event the insured is determined to be suffering a defined illness.

Income Protection Insurance protects an individual against loss of earnings in the event they are unable to work at their defined form of work, trade or profession.

Business Expenses Insurance is an extension of Income Protection Insurance and protects the business expenses of a business in the event the principal earner of income is unable to do so due to sickness or accident.

Provides protection to a business against the untimely death or disablement of a key person. The policy proceeds may be used to replace the key person, extinguish debt etc.

There are many ways to determine whether the business should consider Key Person insurance, and generally the determination will be after a cost/benefit analysis relating to the financial contribution or effect that the person has to the particular business.

These factors may include:

• Time it may take for the business to return to the level of operations/profitability that existed prior to the key person's death or disability
• Additional costs associated with the recruitment and employment of a replacement
• Impact on company profits
• Whether the person has provided a personal guarantee for a business loan
• Potential loss of customers or business opportunities
• Calling up of current loans
• Loss of goodwill

Provides insurance cover for groups of people working in a common industry or the same company or organisation. Group Insurance may include Life cover, sickness and accident and other insurance products that can attract significantly lower premiums/person when provided via a Group Policy as distinct from individual, personal insurance policies.

Such Group Insurances may also be provided via an Employment Package as part of employee benefits offered by companies.

The ISR policy is a complex contract, but it basically covers first-party property damage by any cause not otherwise excluded under the policy. Indirect loss exposures can also be covered.

Business Insurance cover, otherwise known as Commercial Insurance cover, is designed to meet the needs of small to medium businesses. It provides a range of insurance cover for the business, and can include subsidiaries, under the one policy.

Office Insurance is a modified form of Business/Commercial insurance covering the office risks of professional people, consultants, medical, dental etc.

Individual motor vehicle insurance, for either commercial or personal use, and multi-vehicle fleet insurance.

House and Contents Insurance is for residential properties or holiday homes and can include Landlords Insurance.

Home Warranty Insurance provides protection to the home owners in the event the builder fails to rectify or compensate for any financial loss to the owner of a residential property undergoing building works.

Either annual or project specific cover for a range of risks associated with the buildings, materials and third party liabilities associated with commercial building contracts. Can also include financial losses that result from delay in completion.

Provides cover for employees or volunteer workers, in the event the individual suffers a loss in income. Can include death or permanent disability.

Rural Insurance provides a range of covers specific for rural or farming businesses.

Marine Insurance provides insurance for goods that are transported within Australia or overseas, whilst in transit. Can include cover for carriers and shippers.

Professional Indemnity Insurance protects the business or individual from liability arising from a claim by a third party for financial loss that results from the provision of goods or services by the insured.

Directors and Officers Insurance provides protection of the personal assets of directors and officers by providing indemnity for loss arising from a claim as a result of a wrongful act committed by them in the course of performing their duties.

Management Liability Insurance is primarily for private companies where the company is protected as well as the assets of the directors and officers, in the event the directors and/or officers commit a wrongful act in course of performing their corporate duties.

Employment Practices Liability Insurance protects the company and its officers and directors in the event they are liable for costs and damages associated with alleged discrimination, unfair dismissal and sexual or workplace harassment.

Superannuation Trustees Liability Insurance protects the personal assets of trustees of superannuation funds in the event they are required to reimburse the Fund for mistakes resulting in financial loss to the Fund.

Protects the assets of not-for-profit organisations and associations and the assets of their office bearers.

Workers compensation and safety cover - which varies from State to State, and may be available from commercial insurers.

Premium funding enables businesses to annualise one-off payments to insurers, and service providers.