Business Insurance

Works as a partner to your Material Damage policy. Covers the reduction of turnover in the event of a material damage claim. Also covers Loss of Rent in respect of Building Owners.

Covering Contents/plant/tools and stock anywhere in New Zealand ie. equipment/stock kept in vehicles, tools/stock whilst on other sites.

Protects your vehicle whilst used for business purposes against damage and liability. Includes basic cover for Goods in Transit.

Covering costs for you to hire an alternative vehicle in the event that your vehicle is written off/damaged by accident. There is usually a seven day stand-down period. This is becoming more popular as panel beaters have a shortage of courtesy vehicles.

Covers physical loss or damage  to the contract works  ie. when you are doing renovations / extensions to your existing building or new building works. Your Material Damage policy excludes this cover.

Protect your business from fines, penalties and reparation under the health and safety (fines not covered under Health & Safety) legislation imposed by the courts for unintentional breaches of most laws in New Zealand ie. Privacy Act, Fair Trading, Consumer Guarantee, Resource Management etc…

Protect employers against claims by their employees for damages as a result of personal injury arising out of or suffered during the course of their employment that is not covered by ACC. This does not cover disputes by employees.

While General Liability policies often give you some cover for repairing watercraft, it will usually only be for vessels up to a certain length and will be subject to a sub-limit. If you’re service/repairing/working on boats/launches outside these specifications, you may not be covered.

Responds to claims for breach of professional duty or negligence resulting in financial loss. The cost of defending a claim can be very significant, whether or not the claim is justified and full cost recovery against the claimant is unlikely. Anyone giving advice, design work, consulting etc.. needs this cover.

Responds to claims that a director, or an officer of the company who may be deemed to be a director (typically a senior executive), has committed a wrongful act in serving the company. Legislation such as the Companies Act, the Commerce Act and the Fair-Trading Act mean that company directors and officers may find themselves accountable to shareholders, creditors, competitors, employees and members of the public.

Responds to claims for compensation brought by current, former and future employees alleging a breach of their employment agreement, the Privacy Act and/or the Human Rights Act. This insurance covers the costs of such claims, including defence costs. Common areas of exposure include a personal grievance action, a claim for unjustified dismissal or other alleged disadvantage under the Employment Relations Act.

Protects you against liabilities arising from data protection laws, management of personal data and the consequences of losing information. For individuals this includes credit card numbers, medical records, birth dates, passport numbers and other private personal information which can be stolen and used inappropriately. Equally the loss of corporate information such as intellectual property and proprietary information could severely disadvantage a business.

Provides protection against accidental loss or damage to goods in transit shipped by road, rail, air or sea.

Covers damage or loss to the vessel being used for business purposes, including its machinery and equipment, as well as legal liability to any third party that arises from negligence related to the vessel’s operations.

Works as a partner to a Machinery Breakdown policy and provides increased Cost of Working costs for the insured to help to keep their business running. i.e. overtime, outsourcing to a third party, increased advertising, rent of temporary additional premises. Policy can also cover profits lost due to machinery breakdown, other than through normal wear and tear, for any specified machinery.

Provides Insurance for spoilage of refrigerated stock due to unforeseen circumstances; usually only available with Machinery Breakdown insurance. Material Damage policy will only cover limited chilled/frozen goods.

Covers physical loss or damage and, as an option, to cover public liability arising in connection with the contract works ie. when you are doing renovations / extensions to your existing building or new building works.

Responds to claims for direct loss to the business arising from any fraudulent or dishonest act or acts committed by employees.  this risk is commonly excluded from cover under a Material Damage policy.

Covers cash and other forms of money against loss or damage whilst it is at your premises or in transit to the bank. Your Material Damage policy provides very limited cover.

Responds to claims for compensation arising from the loss, damage or destruction of third-party property whilst in the care, custody and control of the storage operator. Under common law, the storage operator is strictly liable for returning third party property in good order. The insurance covers liability to the claimant and the costs of defending the claim.

Business travel is now a commonplace. Whether you’re a small start-up or colossal corporation, it pays to buy travel insurance to protect your employees when travelling for work.

Responds to civil claims made against committee members for Wrongful Acts committed or allegedly committed in their capacity as officers of a body corporate. The insurance covers liability to the claimant and the costs of defending the claim.

Responds to claims of alleged wrongful acts relating to the actions of trustees, trust secretaries and other officers of the trust in carrying out their duties. This insurance covers the cost of such actions to trustees and officers of the trust, to the extent that they are not already indemnified by the trust, as well as the expense of defending those claims.

Responds to claims for the reasonable costs and expenses incurred by the business to remove their product from public circulation where such product poses an identifiable and undue risk of causing personal injury or property damage.

Responds to claims for loss suffered by a business resulting from the Accidental Contamination, Product Tampering and Product Extortion of the business’s own product. 

Responds to claims for compensation arising from the loss, damage or destruction of third-party property whilst in the care, custody and control of the storage operator. Under common law, the storage operator is strictly liable for returning third party property in good order. The insurance covers liability to the claimant and the costs of defending the claim.