Insure your business’ liabilities so you can conduct your business with confidence.
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.
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.
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
Legal Defence Cost Insurance
Cover for legal defence costs you may incur in defending yourself against different types of legal proceedings.
Covers personal liability which arises whilst performing work duties.
Technology Liability and Cyber
- Technology Liability Insurance protects Technology Product and Service providers against liabilities arising from the provision of those products or services. In particular, it protects for liabilities arising from professional errors and omissions plus also legal liability for personal injury or property damage caused to other parties.
- Cyber Liability – Cyber Liability Insurance 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.