Products
- Insurance policies;
- Trade Credit;
- Risk management tool – Risk Radar;
- Valuers of wine industry assets – Gaetjens Pickett Valuers; and
- Premium funding – JLT Premium Services Australia.
What cover is available?
- Industrial Special Risks;
- Public & Products Liability;
- Engineering;
- Marine Cargo;
- Motor Vehicle;
- Crop Insurance;
- Workers Compensation;
- Household;
- Pleasure Craft;
- Corporate Travel;
- Journey Injury;
- Directors & Officers Liability;
- Employment Practices Liability;
- Fidelity Guarantee;
- Professional Indemnity; and
- Trade Credit.
Please refer to insurers Product Disclosure Statement
Who is cover available to?
- Wineries;
- Wine makers;
- Wine growers;
- Vineyards;
- Wine crushing plants;
- Wine bottling operations;
- Wine storage facilities;
- Cellar door;
- Winery accommodation;
- Winery food services;
- Wine tours; and
- Winery cooking classes.
Features & Benefits
- A simplified package approach;
- All policies are optional;
- Flexible payment options;
- Agreed rating bands;
- Free risk management guide;
- Valuation service;
- Dedicated loss adjuster;
- Dedicated trade credit specialists;
- Agreed basis of settlement;
- Cover for accidental damage due to leakage or spillage;
- Cover for wine contamination and/or pollution;
- Cover for flood;
- Cover for burglary & theft, including property in the open;
- Cover for product recall;
- Cover for labour hire;
- Cover for exports to USA/Canada;
- Cover for goods in your care, custody and control;
- Cover for future maturity of wine; and
- Cover on crops.
Trade Credit Insurance
What would happen if one of your largest debtors failed?
Cash flow is the lifeblood of business. Typically businesses insure their major assets but often neglect one of their largest – trade debtors. Unfortunately the most disciplined credit management cannot guarantee the prevention of bad debts. Trade debtors often represent a substantial percentage of a company’s assets. Trade Credit Insurance can inject these valuable funds back into your business. Trade Credit Insurance can offer cover against:
- Insolvency;
- Protracted default;
- Contract reputation;
- Cancellation of import/export licence;
- Currency inconvertibility;
- Imposition of import/export embargoes; and
- Politically motivated contract frustration.
Policy structure is your decision. Policies vary from whole of turnover to more specific cover such as selected accounts or debts above an agreed value. JLT’s Trade Credit Division offers its clients a means of insuring against bad debt.
We ensure that our clients have a properly designed insurance programme, with competitive premiums and professional assistance in identifying and analysing potential areas of loss.
With qualifications in various disciplines, JLT’s Trade Credit Team is well placed to identify your risk and negotiate insurance contracts to transfer those risks.
Risk Management – Risk Radar
This risk management tool will help you assess your risks and remove them. Assessment takes about 30–45 minutes and should be undertaken quarterly.
Once you become a JLT National Wine Program client you will be issued with a unique username and password.
Valuation Service
The following company is a partner on the JLT National Wine Program. Gaetjens Pickett Valuers are specialists working within the wine industry as valuers of wine industry assets.
Clients of the JLT National Wine Program can approach this company direct for advice and services in relation to activities they usually undertake.
Any fees charged by Gaetjens Pickett Valuers for their professional services are between and confidential to the client and Gaetjens Pickett Valuers and no concern of JLT.
Premium Funding
JLT Premium Services Australia can arrange a monthly payment plan (premium funding) tailored to suit your cash flow requirements at a competitive (interest) rate.