Insurance Renewal Checklist

Business Details

• Business Name: [ENTER BUSINESS NAME]
• ABN: [ENTER ABN]
• Trading Address: [ENTER ADDRESS]
• Contact Person: [ENTER NAME]
• Renewal Date: [ENTER DATE]
• Insurance Broker: [ENTER NAME/COMPANY]

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1. Policy Details

Item	Details	Action Required
Current Policy Number	[ENTER POLICY NUMBER]
Insurer Name	[ENTER INSURER NAME]
Current Premium	$[ENTER AMOUNT]
Renewal Premium	$[ENTER AMOUNT]	Is the increase within budget? [YES/NO]
Policy Period	[START DATE] to [END DATE]
Expiry Date	[DATE]	Set renewal reminder for 30 days prior.

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2. Business Changes Review

Did any of the following change in the last 12 months?

• Business Location: [YES / NO - If Yes, provide details: DETAILS]
• Business Structure: [YES / NO - e.g. Sole Trader to Company]
• Number of Employees: [PREVIOUS NUMBER] vs [CURRENT NUMBER]
• Annual Turnover: [PREVIOUS TURNOVER] vs [CURRENT TURNOVER]
• Nature of Work: [YES / NO - If Yes, describe new activities: ACTIVITIES]
• New Assets Purchased: [LIST ITEMS AND VALUES]
• Assets Sold or Disposed: [LIST ITEMS]
• Use of Subcontractors: [YES / NO - Do you hold current certs of currency?]

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3. Mandatory Insurance Check

Insurance Type	Required?	Current Insurer	Policy Number	Expiry Date	Status
Workers Compensation	[YES/NO]	[ENTER NAME]	[ENTER NUMBER]	[DATE]	[ACTIVE/LAPSED]
Third Party Motor Vehicle	[YES/NO]	[ENTER NAME]	[ENTER NUMBER]	[DATE]	[ACTIVE/LAPSED]
Specific Industry License	[YES/NO]	[ENTER NAME]	[ENTER NUMBER]	[DATE]	[ACTIVE/LAPSED]

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4. Asset & Valuation Review

Update the replacement value for your insured items.

Asset Category	Item Description	Sum Insured (Current)	Estimated Replacement Cost	New Sum Insured Required
Tools & Equipment	[e.g. Power Tools]	$[AMOUNT]	$[AMOUNT]	$[AMOUNT]
Plant & Machinery	[e.g. Excavator]	$[AMOUNT]	$[AMOUNT]	$[AMOUNT]
Vehicles	[e.g. Ute]	$[AMOUNT]	$[AMOUNT]	$[AMOUNT]
Premises/Contents	[e.g. Office contents]	$[AMOUNT]	$[AMOUNT]	$[AMOUNT]
Stock	[e.g. Materials]	$[AMOUNT]	$[AMOUNT]	$[AMOUNT]

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5. Liability Coverage Review

Cover Type	Current Limit	Client Requirement (if any)	Is Limit Sufficient?
Public Liability	$[10M/20M]	[ENTER AMOUNT]	[YES/NO]
Product Liability	$[AMOUNT]	[ENTER AMOUNT]	[YES/NO]
Professional Indemnity	$[AMOUNT]	[ENTER AMOUNT]	[YES/NO]
Management Liability	$[AMOUNT]	[ENTER AMOUNT]	[YES/NO]

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6. Business Interruption Review

• Current Indemnity Period: [ENTER MONTHS - e.g. 12 months]
• Estimated Recovery Time: [ENTER MONTHS - How long to rebuild after total loss?]
• Is Indemnity Period Adequate? [YES / NO]
• Agreed Value vs Indemnity: [SELECT ONE]

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7. Policy Exclusions & Warranties

Review the Product Disclosure Statement (PDS) for these items.

• Unoccupied Premises Clause: Premises cannot be unoccupied for more than [ENTER DAYS] days. Can you comply? [YES/NO]
• Specific Trade Exclusions: Are there any exclusions for work you do? [LIST EXCLUSIONS if any]
• Warranty Conditions: Do you have security alarms or fire extinguishers required by the policy? [YES/NO]

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8. Cyber & Data Risk

• Do you store customer data? [YES/NO]
• Do you process online payments? [YES/NO]
• Do you have Cyber Insurance? [YES/NO]
• Does the current policy cover data breach costs? [YES/NO]

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9. Claims History

• Number of claims in past year: [ENTER NUMBER]
• Total value of claims paid: $[AMOUNT]
• Any outstanding claims? [YES/NO]
• Impact on renewal premium: [CHECK WITH BROKER]

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10. Decision & Action

• Have you compared quotes from other insurers? [YES/NO]
• Are you renewing with current insurer? [YES/NO]
• Reason for decision: [ENTER REASON - e.g. Price, Coverage, Service]
• Date Renewal Instructed: [DATE]
• Certificate of Currency Received: [YES/NO]
• Next Review Date: [DATE]

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Declaration

I declare that the information provided in this checklist is true and correct to the best of my knowledge. I have disclosed all material facts.

Signed: [SIGNATURE] Date: [DATE]