What is Key Person/Share Purchase Insurance and who needs it?

If a business is dependent on an individual for the success of the company, then Key Person Insurance is worth considering.

A Key Person is someone who is essential to the company, for example, a member of the Senior Management team such as a CEO or CFO, or a top salesperson responsible for generating lucrative contracts for the business. It could also be the owner of a small business who has a key role to play in day-to-day management and administration.

July 21st, 2021Carla Gilmour
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Why being your broker is everything to me

Dear client,

Sometimes it can be difficult weighing up whether to use a broker for your insurance requirements or to go direct through an Insurance company. Having worked for both, here are some personal insights into the advocacy benefits that as your broker I can deliver, and that can’t be matched by a direct insurer.

June 30th, 2021Carla Gilmour
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What does travel insurance cover?

Embarking on an overseas trip of a lifetime or simply travelling around New Zealand in a rental car or campervan is something most of us aspire to do.

With the disruption to international travel caused by the COVID-19 pandemic, the re-opening of borders between New Zealand and Australia plus Rarotonga has been welcomed by many Kiwis as an opportunity to reconnect with friends and family. As more international borders start to re-open, the prospect of taking that long-awaited Pacific cruise or holiday abroad is on the horizon so now’s the time to consider what travel insurance you will need.

June 15th, 2021Carla Gilmour
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What is Income Insurance?

Having an income protection insurance policy is really important if you are the main income earner in your household or would struggle to meet your monthly financial commitments in the event that you were unable to work for an extended period of time.

June 11th, 2021Carla Gilmour
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Why it is important to be upfront with your broker

Consulting an insurance broker to help you with your personal and/or business insurance requirements has many benefits. Your broker will take the time to get to know you personally, answer your questions about what insurance options are best suited to your needs, and be a strong advocate in ensuring you get the right cover for the right price through their industry relationships with multiple Insurers.

May 20th, 2021Carla Gilmour
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What does Boat Insurance cover?

As any boatie would know, boats can often be very expensive assets to own so it’s important to have boat insurance. The risk of having an accident while out on the water or while transporting your boat can prove costly both in repairs and/or replacement and in liability costs in the event that you damage someone else’s property or cause injury to a third party.

April 22nd, 2021Carla Gilmour
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Insuring your business vehicles as a fleet

Any business that uses vehicles for commercial purposes should have a Commercial Motor insurance policy. This is to provide crucial loss and liability cover in the event that the vehicle is damaged, stolen or involved in an accident resulting in damage or injury to a third party that may not be covered by ACC.

April 22nd, 2021Carla Gilmour
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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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