Insure your business’ liabilities so you can conduct your business with confidence.
Broadform Liability
A general term for a broad liability insurance policy. The term originated in the United States, and most insurers in New Zealand conduct liability insurance on this basis, that is, indemnity for claims for compensation for personal injury or property damage for which the insured may be legally liable or for inadvertent actions arising out of business activities.
Carrier’s Liability
Provides cover for what a carrier is liable for under the Carriage of Goods Act 1979.
Directors and Officers/Trustees Liability Insurance
Protects the insured’s staff, directors, and trustees against personal claims for “wrongful acts” in the execution of their roles in the company. Defence costs are also insured.
Employer’s Liability Insurance
Covers the employer company’s liability for injury to employees that falls outside the scope of ACC. Cover includes associated defence costs.
Employment Practices/Disputes Insurance
Under the current Employment Relations Act and its predecessor, the Employment Contracts Act, employers are vulnerable to employees taking personal grievance and other legal actions against them. This is particularly the case in employment terminations and redundancies. Employer’s liability insurance will cover the costs of legal action and any judgments for compensation to be paid by the employer.
Fidelity Insurance
Provides cover for the embezzlement of monies and misappropriation of goods by employees.
Professional Indemnity Insurance
Provides essential financial protection for a wide range of professional advisers in the event a client suffers financial loss as a result of alleged neglect, error or omission. Professional Indemnity Insurance will meet the cost of defending claims and any damages payable. Any person who gives advice, designs, or offers services in a professional capacity, and is seen by clients as an expert, should have Professional Indemnity Insurance.
Public Liability Insurance
Provides indemnity for claims for compensation for personal injury or property damage for which the insured may be legally liable and for inadvertent actions arising out of business activities.
Statutory Liability Insurance
There have been many Acts of Parliament introduced, enacted and amended, all of them having a major impact as to how New Zealanders manage this additional legal exposure. Through this insurance you can be covered for reparation costs, legal costs and legally insurable fines. Statutory Liability Insurance covers unintentional breaches of most statutory Acts of Parliament such:
- Health and Safety in Employment Act (excluding fines)
- Resource Management Act
- Consumer Guarantees Act
- Fair Trading Act
The above descriptions are a general guide only. For a full description of what a policy covers please refer to the agreed wording, or the insurer’s own wording. If you wish to have a copy of the wording please contact us. If you have a specific insurance cover requirement that is not listed, please contact us.