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ALLIANZ BUSINESS INSURANCE PACK PRODUCT DISCLOSURE STATEMENT (PDS) Issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 This Product Disclosure Statement (PDS) was prepared on 22 October 2022. It describes the significant features, benefits, conditions and exclusions of this insurance product. Please read it carefully. All words appearing in bold throughout this PDS have a special defined meaning as set out in the Definitions Section beginning on page 84. SECTION 1 — COMMERCIAL PROPERTY What is Covered Subject to the terms, conditions, limitations, and exclusions of this Policy, We will pay for sudden and accidental loss of or damage to Your Property at the Premises caused by: (a) fire, lightning, explosion, implosion or collapse of buildings; (b) storm, cyclone, hail, snow, or weight of snow; (c) earthquake, subterranean fire, or volcanic eruption; (d) collision or impact by any aircraft, vehicle, watercraft or animal; (e) malicious acts or vandalism, excluding damage by a tenant; (f) theft accompanied by forcible and violent entry to or exit from the Premises; (g) accidental damage to glass forming part of the buildings at the Premises. What is Not Covered — Exclusions We will not pay for: (a) damage to or loss of property while in transit, unless covered under the Marine Cargo Section; (b) damage caused by settling, shrinkage, expansion or movement in foundations, walls, floors or ceilings unless caused by a covered peril; (c) rust, corrosion, gradual deterioration, mechanical or electrical breakdown, or any process of cleaning, repairing, restoring or renovating; (d) electrical breakdown or burnout unless resulting in fire; (e) consequential loss of any kind, including loss of profits or revenue, unless covered under the Business Interruption Section; (f) war, warlike operations, invasion, act of foreign enemy, civil war or rebellion; (g) nuclear weapons or radioactive contamination; (h) intentional damage caused by You. FLOOD — OPTIONAL COVER (NOT AUTOMATICALLY PROVIDED) Flood means the inundation of normally dry land by water that has escaped or been released from the normal confines of: (a) any lake, river, creek or other natural watercourse, whether or not altered or modified; (b) any reservoir, canal or dam. Cover for Flood is not automatically included in this Policy. If Flood cover is required by You, it must be applied for separately and, if agreed to by Us, will only be confirmed by its endorsement on the Schedule. The premium for Flood cover will be calculated based on the location of the Premises, flood zone classification, sum insured, and claims history. SECTION 2 — BUSINESS INTERRUPTION We will pay for loss of Gross Profit and/or Increased Cost of Working that You sustain as a direct result of an interruption to or interference with Your Business caused by sudden and accidental loss of or damage to Property at the Premises which is insured under the Commercial Property Section of this Policy. Definition of "Gross Profit" In this Section, Gross Profit means the amount by which the sum of the Turnover and the amount of the Closing Stock and the value of work in progress at the end of the period of insurance shall exceed the sum of the Opening Stock, the value of work in progress at the beginning of the period of insurance, and the amount of Uninsured Working Expenses. SECTION 3 — THEFT We will pay for loss of or damage to Contents, Money, or other specified property resulting from theft accompanied by forcible and violent entry to or exit from the Premises or any locked safe or strongroom situated at the Premises. We will not pay for: (a) theft by any person lawfully on the Premises; (b) shortage of stock disclosed on taking inventory; (c) mysterious disappearance or unexplained loss; (d) theft of motor vehicles or their accessories; (e) theft from unattended vehicles unless the property was in a locked boot or locked compartment. SECTION 4 — MONEY We will pay for loss of Money belonging to You or for which You are legally responsible, from: (a) the Premises during Business Hours; (b) the Premises outside Business Hours if contained in a locked safe; (c) the home of an authorised employee; (d) in transit between the Premises and a bank or financial institution. "Money" means cash, bank notes, currency notes, cheques, postal orders, money orders, current postage stamps, gift vouchers, credit card sales vouchers, and unused travel tickets. We will not pay for: (i) shortages due to error or omission; (ii) loss not discovered within 72 hours of its occurrence; (iii) loss arising from the insolvency of any bank or financial institution. SECTION 5 — PUBLIC AND PRODUCTS LIABILITY We will pay on Your behalf all sums You become legally liable to pay as compensation for: (a) Personal Injury to any person; (b) loss of or damage to Property belonging to third parties; arising out of Your Business as described in the Schedule and occurring during the Period of Insurance. The maximum We will pay is the Limit of Liability shown on the Schedule for any one Occurrence or series of Occurrences arising from one original cause. Exclusions — We will not pay for liability: (a) arising from the use of any motor vehicle required to be registered under any road traffic legislation; (b) arising from any pollution or contamination unless caused by a sudden, identifiable, unintended, and unexpected event; (c) between You and any employee arising from their employment; (d) arising from Professional Services; (e) assumed by You under any agreement unless liability would have existed independently of such agreement. SECTION 6 — MANAGEMENT LIABILITY This section provides cover for: (i) Directors and Officers Liability — wrongful acts committed in their capacity as directors or officers of the Company; (ii) Company Reimbursement — where the Company indemnifies a director or officer; (iii) Employment Practices Liability — claims alleging wrongful termination, discrimination, harassment or breach of employment-related laws; (iv) Statutory Liability — civil fines and penalties imposed under statute. "Wrongful Act" means any actual or alleged act, error, omission, misstatement, misleading statement, neglect, or breach of duty by an Insured Person in their capacity as a director, officer, or employee of the Company. GENERAL EXCLUSIONS APPLICABLE TO ALL SECTIONS Unless specifically stated otherwise in this Policy, We will not pay for any loss, damage, liability, cost, or expense of any kind caused directly or indirectly by, contributed to by, resulting from, or arising in connection with any of the following, regardless of any other cause or event contributing concurrently or in any other sequence: (a) war, invasion, acts of foreign enemies, hostilities whether war be declared or not, civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalisation or requisition or destruction of or damage to property by or under the order of any government or public or local authority; (b) any act of terrorism; (c) asbestos in any form; (d) electromagnetic fields, electromagnetic radiation or electronic data. DEFINITIONS "Business" means the business or businesses described in the Schedule and conducted by You from the Premises, including the provision of canteen, first aid, fire fighting, ambulance, and welfare services incidental thereto. "Period of Insurance" means the period shown on the Schedule for which We have agreed to provide cover. "Premises" means the situation(s) shown in the Schedule at which Your Business is conducted. "Schedule" means the current document issued by Us forming part of this Policy and described as a Schedule, Certificate of Insurance, or Policy Schedule. "We/Us/Our" means Allianz Australia Insurance Limited. "You/Your" means the entity described as the Insured on the Schedule.