Megalines :: Insurance & Risk Advisers

We can assist you to adequately

• Protect your Assets
• Protect Your Liabilities
• Protect your Lifestyles

• Family Day Care Insurance Scheme
• Professional Liability Risks
• Contractors Plant & Machinery
• Commercial Business Package
• Trade Package
• Office Package
• Electronic Equipment Package
• Motor Vehicle
• Home and Contents
• Marine and Inland Transit
• Pleasure Crafts
• Travel Insurance
• Strata Property Insurance

Megalines and Ansvar Insurance Limited has put together an exclusive and unique Insurance program for the Family Day Care subsector. We have customised Policies and very competitive premium rates for Public Liability Insurance and and other products for both the Scheme Coordinating Units and their Educators.

Please feel free to contact us for information about this exclusive offering. Below are some documentation regarding this scheme.

Care policy wording – Child Care July 2012 v1.4

Family Day Care Insurance No Claims Declaration

Megalines_Family Day Care Insurance banner

FDCS COORDINATOR APPLICATION FORM

FDCS EDUCATORS APPLICATION FORM

Construction[contract works] & Liability Insurance

At MEGALINES, we are attuned to and understand the complexities of the Small, Medium and large commercial and engineering construction market. This means that right from the start, you are  dealing with experts who truly understand your business.

Construction or Contract works insurance is provided for property that is in the course of construction, erection, or alteration. The policy covers accidental damage including vandalism, theft earthquake damage, collapse and other unforseen loss of or damage to the works which are not excluded by the policy. Typical policy will often cover the following:

1. Buildings, other Structures and civil works
2. The erection and installation of machinery
3. Third party Liability

The following additional covers are also available by extension or automatic sub limits:

• Removal of Debris
• Contractor’s minor plant , equipment and tools
• Transit
• Principal supplied materials
• Pre-existing property
• Off-site storage
• Completed Operations
• Employees’ personal Effects
• Testing and commissioning – Mechanical Installation/Erection
• Expediting Expenses
• Professional fees
• Defects Liability period

Insurance programs are arranged either on an annual floater [declaration] or contract specific basis. Annual policies could further be subject to a Run-off [contract commenced] or Transfer [turnover] basis.

A. Professional Indemnity Insurance

In today’s highly litigious environment, if you are in the business of selling your knowledge or skills, you definitely want to consider taking out professional indemnity insurance. This policy protects your business against compensation sought by a client if you have made mistakes (errors and omission) or are found to have been negligent in giving advice. Professional Indemnity Insurance also covers legal costs. That is Costs and expenses incurred to investigate, defend or settle any claim are also included, in some circumstances in addition to the policy limit, otherwise inclusive of the limit. The professional liabilities of an organisation, can often be as significant or even greater than the general liabilities, particularly where there is the potential for substantial economic loss. General liability policies usually specifically exclude claims arising for breach of professional duty, particularly where there is a fee paid for such advice or service. They also generally do not provide cover where there is only a financial loss, not personal injury or property damage. Pure financial loss liabilities are insurable under a specialist professional indemnity insurance policy.

Private Companies, their Directors and officers have various duties, responsibilities and powers in connection with their position. In most cases these are set out in a job description or terms of reference and by law. As a result they can be held responsible and or sued for a range of issues including:

• Discrimination, Harassment and other illegal employment practices
• Wrong actions and decisions that adversely affect Investors, customers, clients, government regulators and competitors
• Alleged mismanagement in administering benefits under a trust
• Alleged errors and omissions committed during the delivery of a professional service
• Breach of statutory requirements
• Employee Kidnap or attempted extortion against the firm
• Copyright infringement or defamation
• Employee dishonesty, inventory theft or fraud over a long time.

Defence costs or damages awarded on any of the above could jeopardize a company’s bottom line. Mega Lines is able to provide a comprehensive Insurance solution which caters to all of the above potential risk areas.

According to Li Ka Shing, “Information and communications technology unlocks the value of time, allowing and enabling multi-tasking, multi-channels, multi-this and multi-that”. Internet law, e-commerce, computer viruses and copyright infringement all create new challenges for companies operating in the Information Technology sector. Traditional General Liability and Professional Indemnity policies do not fully respond to the needs of this industry.

Information Technology Industry includes companies that  provide software and/or hardware related consulting services to others; Design, develop, sell, distribute, install, maintain and repair software and/or hardware or are involved in Internet related activities including ASP services, ISP services, design, construction and maintenance of web sites and e-mail services . These companies face a wide variety of exposures including:

• Product Liability (for financial loss arising from product design error or product failure and for physical injury)
• Liability arising from delay in delivery or other contractual obligations
• Errors and Omissions
• Directors and Officers Liability
• Employment Practices Liability
• Copyright Infringement
• Libel and Slander
• Computer viruses
• Hackers
• Theft and fraudulent use of intellectual property

Medical malpractice insurance covers doctors and other professionals in the medical field for liability claims arising from their treatment and care of patients including defence and legal costs. Most of the cases we find are mere allegations that these Health professionals fail to carry out their duties in a manner expected of them. These allegations do not always result in damages or awards but the real killer for all professionals is the cost of defending these allegations [Legal costs]. It is instructive to note that during the 1990’s about 70% of costs associated with Public Liability or Professional Indemnity Claims went in legal fees rather than as payments for professional negligence.

We also do have access to specialist Insurers of Scientific and Medical Instruments, Cosmetic and Health products, Life Science and Biotechnology. Available policies in this area include:

• Public Liability
• Products Liability
• Product recall expenses
• Clinical Trials

Cover is for Loss or damage to Contractors Plant, Machinery and Equipment both registered and unregistered. We are able to arrange a wide range of comprehensive cover options to suit Clients specific need . These include the following:

• Cover for Hired in Plant[Liability to Hirers]
• Damage to Lifted Goods
• Multiple Crane Operation
• Expediting Costs
• Recovery Costs
• Appreciation in Value
• Agreed value Option
• Owners Protection
• Owners Protection plus
• Hired –out Plant [Damage waivers]
• Consequential loss following damage
• Breakdown of Plant or Machinery
• Road Risks – Third party Property Damage
• Public and Products Liability
• Finance Gap Payment

This is a multi section product that offers protection from major property and liability perils in one package. Cover is available for Buildings, General Contents, Stock, Plant and Equipment, Computers etc . Typical business package policies have at least 10 sections from which to chose including the following:

• Fire and Special Perils
• Burglary
• Business Interruption
• Money
• Glass
• Public and Products Liability
• General Property
• Machinery and Electronic Equipment Breakdown
• Tax Audit/investigation
• Goods in transit

Package policies are good and cost effective for small and medium sized businesses. Larger companies might require an Industrial Special Risks ISR policy or a Mega Line customized program to meet the special risks they face.

Trade Package

This is a policy of best fit for Tradesmen  which recognizes their specific need for general property cover for their tools of trade anywhere in Australia and Public and Products Liability to Third parties. This is a must have cost effective policy for all Tradesmen.

Office Package

Cover provided here is similar to that under a Business/Commercial package policy but with the recognition that most white collar and sedentary [office] business have different risk exposures to their retail or manufacturing counterparts.  Coverage is tailored and provides a good value for your insurance dollar. Contact us today to see if your business qualifies for an Office package policy.

In today’s information age, Electronic Equipment have become an integral part of our daily lifestyle but the bad news is that Electronic Equipment  are easily damaged or lost through  dropping, liquid spills, breakdowns and theft.  Statistics show that a laptop is stolen in Australia every 10 minutes. Repairing or replacing some of these equipment could be quite expensive so why not take out an Insurance that is not expensive.

We do arrange Comprehensive Insurance Policies for all types of electronic Equipment covering theft, fire, accidental damage and loss in transit with reputable insurers who have strong claims payment standing and excellent security rating. We can arrange cover on mobile and static electronic equipment such as Laptops, Computers, Cameras and PDA’s. Cover can be arranged on equipment for periods up to 3 years (mobile) and 5 years (static).

The scope of cover available under a Motor vehicle policy can be summarized below from the least cover [Third Party only] to the most cover option [Comprehensive]. Policy specifics varies from one Insurer to another and it is our duty as brokers to shop around and compare offerings to ensure the right cover at the right premium. The following represents basic difference only which could vary from Insurer to Insurer.

Home and Contents

Similar to the Motor Vehicle policies, there is no standard Home  and Contents policies. Each insurer has own policy wording, terms, conditions and exclusions however two main scope of cover are available in the Australia market namely a) Accidental Damage Cover and b) Defined Events cover.

Marine transit insurance is designed to cover various hazards related to the movement of goods. The first and obvious protection that can be provided is for the cargoes themselves. This protection can be provided to the seller/shipper or to the buyer. Where ownership of and responsibility for the cargo are assumed is crucial in determining what coverage is needed. Risks are unavoidable in the shipment of goods. Goods are loaded and transhipped. Travel on the ocean provides its own set of perils. These risks require that the shipper takes reasonable steps to ensure the safety of his goods while in transit, for instance with proper packaging and/or containerizing, and shipping on a vessel appropriate for the goods in question.

The marine policy may be scripted to meet a variety of situations and desired coverages including inland transit within Australia – Goods in transit.

Cover is available for accidental loss or damage to your boats, pleasure crafts which occurs during the period of Insurance. Other additional cover benefits include limited cover for the following:

Loss of or damage to:

• Personal effects
• Fishing gears
• Water Ski Equipment
• Diving Equipment and tools
• Emergency land transit towing costs
• Reasonable salvage charges
• Temporary Cover for Your replacement Boat
• Time Trials
• Legal Liability to Third Parties

We are able to arrange Travel insurance options customised for overseas travellers and for trips within Australia. Cover is available for Individual travellers or Corporate Entities for Directors and Employees, their accompanying partners and dependant Children
Typical coverage benefits would usually include the following:

• Death & Capital Benefits
• Weekly Accident Benefit
• Weekly Sickness Benefit
• Medical Expenses
• Additional Expenses
• Baggage – Single item sub limited to a percentage of Sum Insured
• Computer and Electronic Equipment
• Money (cash)
• Loss of Deposits
• Kidnap & Ransom (excl. Mexico, Central & South America)
• Extra Territorial Workers’ Comp
• Hire Car Excess Expenses
• Alternative Employee Expenses
• Personal Liability
• Security Evacuation Cover
• Acts of Terrorism such as Bombing & Impact are also coverable

Commercial and Residential Strata Plan Insurance generally consists of seven different policies covering a wide range of risks:

• Building and common contents
• Machinery breakdown
• Electronic equipment
• Voluntary workers accident only
• Fidelity guarantee
• Legal liability
• Strata council member legal liability