Miramar Asset Protection (MAP)
- Property Damage
- SME
Product Overview
Miramar Asset Protection (MAP) by Miramar Underwriting Agency gives SMEs a single policy for key asset and liability risks. It combines property damage, business interruption, general and products liability, and management liability in one ISR‑style package.
Cover is written on a limit any one loss basis rather than traditional sum insured amounts. This can help brokers match limits to client needs with more flexibility.
About Miramar Asset Protection (MAP) by Miramar Underwriting Agency
The property and business interruption sections provide full accidental damage cover up to the policy limit, within Miramar’s underwriting appetite. Management liability is included up to $2 million, with general property and machinery breakdown considered on request.
The product targets small to medium‑sized businesses across all Australian states, with a standard excess of $1,000 and capacity up to $40 million. MAP is underwritten by certain underwriters at Lloyd’s, using Mark IV Industrial Special Risks wording with agreed endorsements.
Miramar Asset Protection (MAP) by Miramar Underwriting Agency sits alongside Miramar’s other property solutions, giving brokers options for different client profiles. Brokers can use the contact tools like the ‘Contact Underwriter for Quote’ option and linked product documents on this page to explore fit, pricing and placement.
Miramar Asset Protection (MAP) by Miramar Underwriting Agency FAQs
What is an asset protection insurance policy?
An asset protection policy helps a business protect physical assets and income from insured damage or loss. It often combines property damage, business interruption and liability sections in one structure for easier placement.
Miramar Asset Protection (MAP) by Miramar Underwriting Agency follows this style based on the industry‑standard Industrial Special Risks Mark IV Insurance Policy Wording, amended by agreed endorsements. It brings together property damage, business interruption, general and products liability, and management liability under a single package.
What types of businesses is Miramar Asset Protection (MAP) by Miramar Underwriting Agency designed for?
This package suits organisations that hold business assets and may need cover for income loss and liability exposures. Miramar targets SME clients across Australia, with property products that can be tailored to specific needs. Brokers are encouraged to check Miramar’s risk appetite information and then discuss any unusual occupations directly with the underwriting team.
What sections are included under this policy?
The MAP policy is built as a package with four main sections that work together. These sections are property damage, business interruption, general and products liability, and management liability, all written in an ISR‑style format.
These sections sit on a limit any one loss basis rather than traditional sum insured amounts. The structure helps brokers assemble a single commercial insurance solution instead of separate policies, while still aligning limits to client needs.
Which optional covers can be considered on request under the MAP policy?
Miramar states that two extra areas can be considered on request within the MAP framework. These optional areas are general property, which can extend beyond core premises‑based cover, and machinery breakdown, for suitable plant and equipment risks.
These options sit alongside the standard covers within the MAP package. Brokers can discuss availability, suitability and limits with Miramar when seeking terms for Miramar Asset Protection (MAP) by Miramar Underwriting Agency.
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