Commercial Insurance

What it covers:
This insurance protects your business against legal claims if someone is injured or their property is damaged because of your business activities. It includes:

• Public Liability — covers accidents involving the public or clients on your premises or caused by your work.
• Statutory Liability — covers fines or penalties if your business accidentally breaches New Zealand laws or regulations.
• Employers Liability — covers claims from employees injured or made ill because of their work, where your business may be held responsible.

How it responds:
If a claim is made against your business, this insurance helps cover legal costs, settlements, or fines, protecting your finances and reputation.

Who it protects:

• Businesses with employees and public interaction
• Tradespeople, retailers, manufacturers, and service providers
• Any business wanting protection from costly injury or legal claims

What it covers:
Management Liability Insurance protects company directors, officers, managers and business entities from personal financial loss if they face legal action related to their management decisions. This can include claims of breaches of duty, wrongful acts, employment disputes, or regulatory investigations.

How it responds:
If a claim or lawsuit is made against your company’s leadership, the insurance helps cover legal defence costs, settlements, and damages, so directors and officers aren’t personally out of pocket.

Who it protects:

• Business entities, directors, company officers and managers
• Companies wanting to attract and retain top leadership without personal financial risk
• Organisations aiming to protect their management team against lawsuits and regulatory actions

What it covers:
Professional Indemnity Insurance protects your business if a client claims your advice, service, or professional work caused them financial loss — whether through an error, omission, or breach of professional duty.

How it responds:
It covers the legal costs of defending a claim, as well as any settlements or damages you're legally required to pay. This includes situations like giving incorrect advice, missing a deadline, or failing to deliver a service to the expected standard.

Who it protects:

• Consultants, advisers, architects, engineers, designers, and other professionals who provide advice or services
• Businesses required by contract or industry bodies to hold cover
• Any professional wanting protection from costly legal claims, even if they’ve done nothing wrong

What it covers:

• Material Damage protects your business property — including buildings, equipment, stock, and machinery — against damage or loss from fire, storms, theft, accidental damage, and other insured events.
• Business Interruption covers the loss of income and additional expenses if your business is unable to operate normally due to an insured event, helping you stay afloat while repairs are made.

How it responds:

• Material Damage cover pays to repair, reinstate or replace damaged property.
• Business Interruption cover provides compensation for lost profits and helps cover ongoing costs like wages, rent, and loan repayments during downtime.

Who it protects:

• Business owners who rely on physical assets to operate
• Companies wanting to minimise financial impact from unexpected events
• Any business aiming to recover quickly after damage or disruption

What it covers:
Whether it's a single vehicle or a fleet commercial vehicle insurance protects vehicles used for business purposes — like standard vehicles, large trucks and mobile machinery — against damage from accidents, theft, fire, and third-party liability for damage to others or their property.

How it responds:
If your business vehicle is damaged or involved in an accident, the policy helps cover repair or replacement costs. It also covers legal costs and compensation if you’re responsible for injury or damage to others.

Who it protects:

• Businesses relying on vehicles to operate, including trades, delivery services, and contractors
• Owners of fleet vehicles and single work vehicles
• Anyone using a vehicle primarily for business who wants financial protection on the road

What it covers:
This insurance protects both your goods in transit and your vessels.

• Marine Cargo covers loss or damage to goods while being transported by sea, air, or land due to accidents, theft, or weather events.
• Marine Hull covers physical damage to your vessels — such as ships, boats, or barges — caused by collisions, storms, fire, or other accidents while at sea or in port.

How it responds:
If your cargo is lost or damaged during transport, or your vessel suffers physical damage, the policy helps cover repair, replacement, or compensation costs to keep your operations running smoothly.

Who it protects:

• Importers, exporters, and freight operators moving goods domestically or internationally
• Owners and operators of commercial vessels and boats
• Shipping companies, marine contractors, and anyone responsible for marine transport and assets

What it covers:
Contract Works Insurance protects building and construction projects against loss or damage during the course of construction — including materials, equipment, and the work already completed. It typically covers events like fire, theft, vandalism, storms, and accidental damage on-site.

How it responds:
If damage or loss occurs while your project is underway, this insurance helps cover the cost to repair or replace the affected parts, keeping your construction on track and minimizing financial setbacks.

Who it protects:

• Builders, contractors, and developers managing construction projects
• Property owners undertaking renovations or new builds
• Anyone responsible for insuring a building project against unexpected risks

What it covers:
Cyber Insurance protects your business from financial losses caused by cyber incidents such as data breaches, hacking, ransomware attacks, and online fraud. It can cover costs related to data recovery, system repairs, legal fees, regulatory fines, and customer notification.

How it responds:
If your business experiences a cyber attack or data breach, the policy helps cover the costs of investigating the incident, restoring your systems, managing legal obligations, and mitigating damage to your reputation.

Who it protects:

• Businesses of all sizes handling sensitive customer or operational data
• Companies relying on digital systems and online transactions
• Organisations wanting to safeguard against the rising risks of cyber threats

What it covers:
This insurance provides financial support if a crucial team member or business owner is unable to work due to illness or injury. It pays a monthly benefit to help cover the business’s ongoing expenses and reduce financial strain during their absence.

How it responds:
If your key person is off work for an extended period, the policy helps replace part of their income, allowing the business to continue operating smoothly and manage costs like salaries, loans, and overheads.

Who it protects:

• Businesses that rely heavily on specific individuals for success
• Employers wanting to safeguard cash flow during unexpected absences
• Companies aiming to protect their value and continuity in tough times

What it covers:
Group Medical Insurance provides private healthcare cover for employees within a company. It typically includes hospital treatment, specialist consultations, diagnostic tests, and sometimes day-to-day medical expenses like GP visits or prescriptions.

How it responds:
If an employee needs medical care, the policy helps cover private treatment costs, enabling faster access to healthcare services and reducing time off work. It supports the wellbeing and productivity of your workforce.

Who it protects:

• Businesses wanting to offer health benefits to their staff
• Employers aiming to improve employee retention and satisfaction
• Employees seeking quicker, easier access to private healthcare