In December 2016 Kate starts as a sole trader supplying specialty cupcakes to local bakeries from a kitchen in premises she leases. In December 2017 Kate forms Cupcake Sydney Ltd and transfers the business, its assets and the leased premises to the Company In exchange Kate receives 20,000 $1 shares in Cupcake Sydney Ltd. Kate is the sole shareholder and director Kate signs a contract of employment with the company and receives a salary.

In January 2018 Kate made a loan to the company of $50,000 to buy new equipment which was secured by a charge over the companys assets. In March 2018 Kate is badly injured in a gas explosion in the kitchen which destroys most of the building and equipment Kate had taken out an insurance policy in her name back in December 2016

Can Kate:

Claim under her insurance policy for damage to the property?

Claim against Cupcake Sydney Ltd for compensation for her extensive injures?

Claim as a secured creditor for any arrears in salary?