For many business owners, commercial property and the assets contained within represent a vital investment. Property insurance is designed to protect your business assets from any unforeseen events, such as damage or theft. We can tailor an individual solution that suits your business requirements, covering everything from Property Damage, Assets, Business Interruption, Burglary/Theft, Money, Liability, Property anywhere in NZ, and much more. Contact us for more information or to obtain a quote.
You have established and grown your business through your efforts and commitment. It is like your baby, yet many business owners are either not insured, or have inadequate cover for their needs.
are specifically designed for small to medium businesses. We specialise in Manufacturing, engineering, workshops, car yards, Retail stores , super market, restaurants, pubs, Take Away, Liquor stores, Glass house, Farm, etc. Our wide range of insurance products and engineering qualification enables us to provide you with the right solution to your business insurance needs.
Most common covers small to medium Enterprises (SMEs) need are:
1. Business assets insurance/ Building insurance - Material damage insurance
Fire, flood, earthquake, burglary and accidents can cause physical loss and damage to your business, assets, and/or property. This physical loss to buildings, plant and stock are commonly insured under a Material Damage policy.
2. Gross Profit Insurance- Business Interruption Insurance
Gross profit insurance covers you for a loss of gross profit due to a reduction in turnover or an increased cost of working as a result of an insured event or Loss of rent if building is damaged due to an insured peril. This can also cover Claims preparation cost, Additional increased cost of working and professional fees.
3. General liability
General liability insurance covers your legal liability should you, your employees or your products cause third party property damage or personal injury. Acts of Parliament such as the Health and Safety in Employment Act, Resource Management Act, Consumer Guarantees Act or the Fair Trading Act are a part of being in business.
4. Statutory liability
Statutory liability insurance defends you, your business and your employees against unintentional breach of statutory Acts. It covers legal defence costs, in many cases these costs are a lot higher than the actual fine. It also covers insurable fines and reparations. The most common claims we see are Farms releasing effluent in to the environment , getting it wrong when trimming or cutting down trees, Adventure sports accidents and deaths, accidents in the workplace where insufficient training has been given.
5. Employer's liability
Employer's liability insurance covers you and your business against compensation claims from employees alleging workplace illness or injuries not covered by ACC. It provides cover for legal action and reparations.