25/05/2026
Almost midnight. A mechanical failure triggers a pressure drop. Then an explosion.
Viva Energy's Geelong refinery, one of only two left in Australia, offline in an instant.
~50 workers on site. Zero injuries. But after a 12-hour blaze, the structural damage was unavoidable.
Within days, an ASX announcement confirmed: property and business interruption cover were in place.
In events like this, you don't get to choose. You need both.
Property cover: the plant, the equipment, the alkylation unit that bore the brunt.
Business interruption cover: lost revenue, ongoing fixed costs, the gap between what you were earning and what you're earning now. Potentially for months.
Both policies in place. Both still being assessed. The full picture is still emerging with many more questions to answer.
One question you should ask yourself: if your fire alarm went off tonight, would you be covered?