Business insurance online discount terms and conditions

Business insurance online offer terms and conditions

1. The Online Offer is a premium saving available on new CGU Business Insurance policies, with an Australian risk address, purchased online before this offer ends. The Online Offer may be withdrawn at any time and cannot be used in conjunction with any other offer.
2. The Online Offer is available on new CGU Business Insurance policies purchased via https://businessinsurance.cgu.com.au/business-insurance-quote/?industry=business (Eligible Product).
3. The Online Offer is not available on any other CGU Insurance policy including:
   • Motor Trade Insurance
   • Motor Vehicle Fleet Insurance
   • Farm Insurance
   • Professional Indemnity Insurance
4. You can save up to 10% on the Business Insurance 'base premium' when you first purchase online. The base premium doesn't include any government or statutory charges. You will only get a discount on your first year's premium. Discounts only apply until you reach your minimum base premium, so your discount might be limited by your minimum base premium. When we calculate your premium on renewal, we may also limit any increases or decreases by considering factors like your previous year’s premium.
5. The amount of the Online Offer is up to a maximum of 10% and will be clearly displayed on the ‘Buy Now’ page of the online buy process. The amount of the Online Offer applied to an Eligible Product is variable based on a number of factors, including the amount of offline premium and underwriting factors. In some cases, the amount of the Online Offer may be significantly below the maximum of 10%.
6. To be eligible for the Online Offer, you must purchase an Eligible Product online via the CGU Insurance website purchased via https://businessinsurance.cgu.com.au/business-insurance-quote/?industry=business, and:
   1. for annual policies, pay the annual premium online with a Visa or MasterCard at the time of purchase; or
   2. for pay-by-the-month policies, provide accurate bank account, Visa or MasterCard details online at the time of purchase.
7. Whether we issue a policy and on what terms, is subject to our normal underwriting criteria and practices.
8. The Online Offer is only available where the Eligible Product is purchased over the Internet and is not available over the telephone, in-store, or via a broker.
9. The Online Offer does not apply to any existing CGU Business Insurance policy.
10.  If we provide you with other offers for any or all covers under a CGU Business Insurance policy, this Online Offer will not apply to that or those covers.
11. We may also offer discounts as part of a marketing campaign or other arrangement (Offers). If you are entitled to an Offer that is also a percentage discount, the Offer will be applied before the online discount to your premium. This means the online discount will be applied to the remaining premium after the Offer has been applied.
    
    For example if you are entitled to an Offer discount of 25% and the online discount, they will be applied as follows:
    1. Premium before discounts is $1000
    2. 25% discount Offer is applied to the $1000, so the premium is now $750
    3. 10% online discount is applied to the $750, so the premium is now $675