What is Professional Indemnity Insurance?

Professional indemnity insurance is an important component of risk protection for businesses that provide services or expert advice. It provides an “errors & omissions” cover in the event that you or your staff are accused of negligence or professional misconduct in the delivery of services that you provide, or the advice that you impart to your clients.

March 31st, 2021Carla Gilmour
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How much does rental property insurance cost?

If you are a landlord renting out your property to tenants, having a comprehensive house insurance policy in place that states that your house is being tenanted will ensure that your financial investment is protected against a wide range of risk factors.

March 31st, 2021Carla Gilmour
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Who needs Cyber Insurance and why is it so important?

Any business that uses any kind of technology for its operations, for example computers, websites, emails, phone systems etc. could face potential cyber risks. In today’s digital world this means that everyone is likely to have some level of exposure including businesses in hospitality and retail that rely on technology to offer electronic payments via their EFTPOS machines to customers.

March 19th, 2021Carla Gilmour
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Who needs Business Interruption Insurance?

Every business that relies on their physical premises in order to work should have Business Interruption insurance to cover a potential loss of profit if their work premise or assets are damaged by an insurable event.

March 19th, 2021Carla Gilmour
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What is Public Liability Insurance?

Public Liability insurance is extremely important for all businesses to have and even more so if your business interacts at all with customers and/or the public. This includes either at your business premises, when undertaking work at a client’s site, or when working in or on a building owned by somebody else.

February 24th, 2021Carla Gilmour
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What insurance do landlords need?

Landlords should ensure they have a comprehensive house policy in place, to protect the property whilst it is rented out. Damage could occur to their rental property either by their tenants or by situations out of their control, for example a natural disaster such as a flood or a fire.

February 16th, 2021Carla Gilmour
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What insurance should tenants have?

If you are renting, then it’s important that you have contents insurance to minimise the risk of personal liability for damage to the property and to ensure your personal belongings are covered in the event that they are stolen, lost or damaged.

February 11th, 2021Carla Gilmour
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What does contents insurance cover?

Having contents insurance is important to think about, whether you own your own home, are renting, have a holiday home or are a landlord offering tenants the use of your personal items.

January 28th, 2021Carla Gilmour
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What you need to know about House Insurance

Make sure your home is insured for the correct amount. Many homeowners may have houses that are under-insured in terms of total replacement value. This poses a serious financial risk should disaster strike, for example your home is destroyed by a fire or flood and you need to have it rebuilt.

November 25th, 2020Carla Gilmour
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Are business insurance premiums tax deductible?

Businesses, sole traders and contractors can claim tax deductions from a wide range of business-related expenses including some insurance premiums.

Although there are many types of business insurance policies that are tax deductible, the criteria for you to be able to claim tax deductions requires that your policy cover be essential to earning an assessable income.

November 25th, 2020Carla Gilmour
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Step up your Cyber Defence this Cyber Smart Week

It's CERT NZ’s Cyber Smart Week. Read more for useful tips to keep yourself safe online.

October 22nd, 2020
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What business insurance do you need?

If you are a business owner, sole trader or contractor you should have business insurance to safeguard you against a range of potentially serious risks. Every industry or business will have unique requirements depending on whether they own commercial property, manage their own stock, employ staff or have invested in physical assets such as office furniture, company vehicles etc.

October 21st, 2020Carla Gilmour
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Does an insurance claim affect your credit score?

What is a credit score? A credit score is a number between 1 and 1000 that is calculated based on your credit history from when you first apply for credit. Your repayment history can be held on your record for up to 2 years, or 5 years if you have had unpaid debt that a lender has tried to recover.

October 13th, 2020Tejal Naik
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Can insurance brokers save you money?

Insurance brokers can save you money in a number of different ways, both directly and indirectly throughout the lifetime of your policy.

September 18th, 2020Tejal Naik
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Are insurance brokers worth it?

There are many good reasons for choosing to use an insurance broker rather than going direct through an insurance company.

The complexities around understanding what you need to be insured for are often daunting and most small businesses in particular find it challenging to accurately access their financial risk and security policy requirements.

September 10th, 2020Tejal Naik
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What does farm insurance cover?

Running and managing a farm, lifestyle property or horticultural business is challenging and comes with many risks.

From adverse weather events like fires, droughts and floods, to fluctuations in global and local market prices, damage to equipment, injury or theft, ensuring you have farm insurance cover is critical to safeguarding your business now and for the future.

August 25th, 2020Tejal Naik
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Do insurance brokers get better rates?

Using an insurance broker, rather than purchasing your insurance directly through an insurance company, delivers both short term and long term cost savings.

When you choose to take out insurance, whether it’s personal insurance, business insurance or life insurance for you and your family, insurance brokers work on your behalf to find the best policy, at the best rates, to suit your needs.

August 21st, 2020Tejal Naik
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Should I use an insurance broker or go direct?

Making sure you are prepared for unforseen events that can have an impact on your ability to generate an income, or care for yourself and your family, makes good sense. With a wide range of insurance policies to choose from, it’s sometimes difficult to know what insurance company will offer the best coverage, and tailor a solution that’s going to meet your needs both personally and financially, now and in the future.

July 28th, 2020Tejal Naik
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Does Income protection insurance cover redundancy?

The effect of the Covid-19 lockdown on New Zealand workers has been significant. Businesses across all industries, particularly in the hospitality and tourism sectors, have seen patronage and tourist numbers dwindle. Many employees have faced reductions to their pay or working hours, job losses, or been forced to take involuntary redundancy.

July 17th, 2020Tejal Naik
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How a business insurance broker can help you

When you own a business, there are a lot of things to consider. In addition to managing the products or services you sell, you also have to manage staff members, rosters, supplies, materials, rent, salaries, and advertising. The list can seem endless at times and, if you’re feeling overwhelmed, then your business insurance may be one of the last things on that list.According to the Insurance Council of New Zealand, most businesses are underinsured. Underinsurance happens when a business owner thinks they have adequate insurance but, in fact, they don’t have a policy that covers the true cost of an incident, or they have an incomplete policy that doesn’t cover all of their risks. Being underinsured doesn’t necessarily mean that your insurance claim will be denied, but it does make the settlement difficult and complex because you haven’t paid the premium that is commensurate to the risk.

June 18th, 2020Jack Ebert
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