Business Insurance

What we offer

 

Having a robust insurance programme is one of the most fundamental parts of being in business, as it provides invaluable protection for your business against a range of events such as fire, lightning, explosion/implosion, damage caused by natural events like earthquakes, storms, cyclones, floods to legal liability claims – the list goes on.

From your family and employees to customers and suppliers, there are a lot of people who are dependent on your business. Given this, have you ever considered what would happen if you were unable to operate due to crucial assets being damaged or destroyed by a major event

There is a wide variety of business insurance policies that would reduce financial uncertainty and protect your livelihood and that of your workforce, but it is essential that you get the right one for your needs.

We can provide you with a range of products and to name a few they are as follows:

Protecting Your Business

Material Damage / Building and Contents Insurance

Provides cover for your commercial buildings, office contents, plant & machinery, stock, office fit outs, tenants improvements.

Business Interruption / Loss of Turnover & Rents

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.

Tools & Stock anywhere in New Zealand

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

Commercial Motor

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

Loss of Use – Vehicle

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.

Contract Works / Building Insurance

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.

Business Liability Insurance

Public & Products Liability Insurance

Protects your business against claims that your products or services cause unintended injury or property damage. This insurance covers the cost of claims for compensation as well as the cost of defending claims. All businesses should have this cover.

Statutory Liability

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…

Employers Liability

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.

Ship Repairers Liability (specific cover if you are working on boats/launches)

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.

Professional Indemnity (Errors & Omission)

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.

Directors & Officers Liability

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.

Employment Disputes

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.

Cyber Insurance – Cyber Attacks, Phising, Malware

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.

Business Marine Risks

Carriers Liability

As a carrier, you are liable for any type of damage that occurs to the goods during loading or unloading, or while it is in transit. This applies to goods carried by road, rail, sea or air within New Zealand.

Marine Cargo

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

Marine Hull

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.

Additional Covers For Your Business

Machinery Breakdown

Ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages...– This is commonly excluded from cover under the Material Damage policy.

Machinery Breakdown Loss of Profits

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.

Stock Deterioration

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.

Contract Works

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.

Fidelity Insurance

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.

Money

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.

Bailees Liability

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.

Corporate Travel Insurance - Annual Policy

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.

Office Bearers Liability (Committee Members)

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.

Trustees Liability

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.

Products Recall

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.

Contaminated Products

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. 

Bailees Liability

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.

We are specialists when it comes to business insurance as we make it our business to understand your business thereby ensuring that you have the correct policies in place.

Get in touch or come meet us over a coffee.

Phone: 0800 736 237

Physical Address:

Maison Apartments,
Unit G02, 31 Northcroft St, Takapuna
(click here for directions)

Call Now - 0800 736 237