With Vero Specialty Lines, brokers gain direct access to a dedicated team of underwriters to ensure fast, consistent and personalised support.
Higher Hazard Property
Higher Hazard Property (ISR) Insurance
Our Higher Hazard Property Insurance is tailored for businesses with well-managed, high-severity occupations, providing specialised solutions backed by risk management to assist you in securing the appropriate coverage for your clients. We focus on industries including timber mills, woodworking, plastic manufacturing, and chemical production, among others. Refer to our risk appetite guide to explore the types of Higher Hazard Property we cover and the benefits of our proposition. Under our Vero Specialty Lines offering, this product is backed by the reassurance of Vero’s large-scale operations and award-winning claims service.
Higher Hazard Property insurance can offer:
* subject to underwriting guidelines and excluding regional areas, limited to up to one report per policy period
^ To be eligible for the rebate, a client must have a current Vero Higher Hazard Property (HPP) policy or confirm renewal of their Vero HPP policy by the renewal date, complete risk mitigation service(s) identified in the Vero Risk Engineering Report as qualifying for the rebate using one of our suppliers and submit paid invoices for those services to Vero. Maximum of one (1) rebate per policy period. Rebate amount depends on how long a client has consecutively held their Vero HPP policy. Full terms and conditions available here.
Award Winning Claims Award Winning Claims
Vero provides award-winning claims service as evidenced by the Gold Mansfield Award for Claims Excellence which Vero has been awarded for five consecutive years (from 2020-2024), ensuring your clients are in safe hands in the moments that matter.
Why Choose Higher Hazard Property Insurance
Looking for something else?
Check out these other Vero Speciality Lines products.
VSL Higher Hazard Liability
Our Vero Specialty Lines Higher Hazard Liability Insurance offers specialised solutions which can be tailored to well-managed, higher severity occupations including trades, forestry and chemical manufacturing.
VSL Equipment Breakdown
Equipment Breakdown Insurance can help repair or replace essential equipment that businesses rely on daily, including electrical switchboards, telephones, lifts, air conditioning systems and production machinery.
Useful documents and FAQs
Frequently Asked Questions
Which businesses are considered higher hazard?
Businesses are classified as higher hazard when their operations involve significant risks of injury, property damage, or environmental harm. These include:
- Trades: Activities such as electrical work, plumbing, roofing, or mechanical work, which involve physical risks and potentially hazardous conditions.
- Forestry: Operations such as logging, tree removal, and land clearing, which present risks from heavy machinery, falling trees, and unpredictable environmental factors.
- Chemical Manufacturing: The production of chemicals, solvents, or other hazardous materials that pose risks of spills, explosions, or toxic exposures.
These industries face elevated liability exposures and require specialised coverage to address the unique risks associated with their activities. Check out the full list of occupations we provide cover for under our Appetite Guide.
How much higher hazard property coverage do my clients need?
Our skilled team of dedicated underwriters can work with you to assess your specific risks and help determine adequate coverage. We assess factors such as the nature of your business activities, potential claim scenarios, industry regulations, and contract requirements. With the ability to provide Limits of Liability up to $20 million, we can tailor limits and deductibles to match your client’s needs.
What information do I need to provide to get a quote?
To help Vero provide your clients with appropriate solutions, please provide us with the following underwriting information:
- Full business name and a detailed description of operations.
- List of business locations, including any overseas risks.
- Comprehensive claims history, covering at least 5 years of paid and outstanding losses
- Turnover, wages, and details of contractor, subcontractor, and labour hire activities.
- Full product list, including specifics of imports and exports
- Links to insured websites, along with risk management and quality assurance protocols
Award Winning Claims Service
Vero’s claims service has won the Gold Mansfield Award for Claims Excellence for five consecutive years (from 2020-2024), making it easier than ever for brokers to get their client’s business back on track.
Risk Management Solutions
We understand complex businesses require specialised solutions, which is why we provide holistic risk management to ensure brokers have the tools they need to meet their client’s needs.
Dedicated Underwriting Team
With Vero Specialty Lines, brokers gain direct access to a dedicated team of underwriters to ensure fast, consistent and personalised support.
