What does ISR stand for?

Industrial Special Risks – insurance designed to protect large or complex businesses beyond standard coverage limits.

What types of risks are generally covered?

Damage, loss, theft, fire, natural disasters, accidental damage, and business interruption losses.

What are the benefits of ISR Insurance?

Comprehensive coverage, consolidated protection, and risk management guidance.

What are the drawbacks?

Some exclusions (e.g., war, nuclear events, certain machinery breakdowns). Risks are not included in an ISR unless explicitly specified, for example, machinery breakdown.

How does ISR differ from other insurance types?

It combines multiple coverages (property, interruption, theft, glass) under one flexible policy – unlike standard or liability-only insurance.

How can I obtain the right coverage?

Consult with an insurance broker who can help assess your risks, provide guidance, compare policy wordings and negotiate with insures on your behalf.

High Net Worth Insurance *

For those with substantial personal assets and complex risk profiles, standard insurance policies aren’t enough to cover everything. High net worth insurance offers higher coverage limits and broader policy features to ensure high-value property, vehicles, art, and jewellery are covered.

What is High Net Worth Insurance? *

High net worth insurance is specialised, tailored coverage designed for individuals with significant assets, higher-value homes, and complex risk exposures. It’s geared toward business owners and successful professionals who have substantial property, lots of valuables, or unique life risks.

Standard insurance is often insufficient for people with high net worth because typical coverage limits might not be enough for luxury assets like high-end homes and expensive art pieces. It also doesn’t account for unique risks like complex ownership structures and high-value properties, leading to inadequate claims payouts.

There isn’t one all-encompassing policy for people with high net worth in Australia. Instead, they need a package of tailored policies to fit their needs. This can include home and contents insurance to cover property and belongings, luxury motor vehicle insurance to cover high-value cars, pleasure craft insurance for yachts and boats, and commercial insurance to cover the business exposures.

Comprehensive Asset Protection

High net worth insurance is designed to help protect high-value homes, contents, vehicles, boats, and personal assets with broader cover and higher limits than standard policies may offer.

Flexible, Tailored Cover

Policies can often be structured to reflect individual circumstances, with options to include valuables, multiple properties, and lifestyle risks.

Specialist Claims Handling

Cover is commonly supported by insurance brokers experienced in managing complex and high-value claims, which can help reduce disruption during the claims process.

What Does High Net Worth Insurance Cover? *

High net worth insurance covers:

High-value residential buildings, including both primary and secondary homes
Fine Art, Jewellery & Collections
Pleasure Craft and Super Yachts
Commercial Insurance - Such as business insurance and directors & officers insurance
Family Offices & Complex Structures
Luxury Vehicles & Motor Collections

Get Suitable Cover for Your Business Today

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Frequently Asked Questions

Who is High Net Worth Insurance Suitable for?

High net worth insurance is for people with substantial assets, such as business owners, executives, owners of multiple properties, and collectors of fine art. It can protect high-value items from damage and theft along with costs associated with property damage on luxury homes.

How is High Net Worth Insurance Different from Standard Home Insurance?

High net worth insurance has higher coverage limits than standard home insurance to protect high-value property and items. It’s tailored to the lifestyle, offering broader protection rather than only covering defined perils. Standard home insurance typically isn’t enough to cover high-value assets like art, jewellery and collections.

Can Multiple Properties be Covered Under One Policy?

High net worth insurance can often include several properties on one policy. The prestige property insurers typically like to cover both the primary residence and holiday home on the one policy and can provide blanket cover for jewellery and collections.

Are Valuables Automatically Covered?

Not all valuables are automatically covered by high net worth insurance. Since these policies are customisable, you need to select a coverage limit and policy that fits your needs. For extremely high value assets, some insurances may require a professional valuation, to ensure their is no ambiguity around the value of goods at claim time.

Does High Net Worth Insurance Include Liability Cover?

High net worth insurance is not one policy, but an array of policies tailored to cover your unique risks., Prestige home & contents insurance will include liability coverage for the properties on the insurance policy. Similarly, a pleasure craft policy for a boat will include liability coverage for the boat. A separate policy will need to be arranged for business liability coverage.

How are Claims Usually Handled?

Insurance claims should be reported as soon as possible, including documentation and evidence. Then, you’ll work closely with your specialist insurance broker as they liaise with the insurer on your behalf. With high value claims, assessors will usually inspect the premise and work with yourself, the broker and insurer.

Protect What You’ve Built *

Speak with a specialist insurance broker to discuss high net worth insurance options designed to help safeguard your valuable assets and complex personal risks.