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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Insurance shouldn't be set and forget: why you should always review your insurance programme

If you own a smalll or medium-sized enterprise (SME), you probably know that having business insurance is essential throughout the life of your business. But, did you know that the key to staying protected is regularly reviewing your insurance policy?

June 4th, 2020Jack Ebert
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Is your commercial property and assets insurance valid during a pandemic?

Commercial property and assets insurance is one of the most important types of insurance an organisation can ever consider. This type of insurance protects your business’s premises and assets in case of a disaster. For example, if there is a fire and your shopfront is destroyed, this type of insurance can help pay for repairs or relocation. Or, if your work tools are stolen from your vehicle, again, this is the insurance you’d rely on to recover the cost of those tools.

May 21st, 2020Jack Ebert
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Three ways cybercriminals can target you and your business if you’re working from home

Working from home comes with some risks and it’s important to address these as a matter of priority. Chiefly, cybersecurity risks have increased as more people are working from home. This means it’s important to consider your organisation’s approach to mitigating cyber risk. As well as having appropriate cybersecurity controls in place, it might be appropriate to consider cyber insurance.

May 14th, 2020Jack Ebert
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What COVID-19 lockdown restrictions mean for your café, bar, or restaurant insurance

Strict lockdowns due to the coronavirus (also known as COVID-19) have affected all cafés, bars, and restaurants with mandatory shutdowns at the height of the restrictions and altered operating conditions as conditions ease. While this may constitute a significant blow for your business, the lockdown is non-negotiable and failing to comply can result in serious ramifications. The unpredictable nature of COVID-19 also means that lockdown conditions may tighten and ease on an ongoing basis for many months to come.

April 28th, 2020Jack Ebert
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How insurance brokers can help with claim management during COVID-19

Regardless of what happens next, most businesses have been disrupted by COVID-19 to some extent.  These changes could mean you need to re-examine your existing insurance policies to ensure you’re adequately covered. While it’s highly unlikely that your policy will cover you specifically for COVID-19 related business interruptions, your existing insurance policies won’t be rendered void by the COVID-19 outbreak.

April 21st, 2020Jack Ebert
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Do your suppliers or contractors have the correct professional indemnity insurance?

As a business owner you’re well aware of the need to have all your insurance policies in order. Professional indemnity insurance is particularly important if you provide advice for a living. This covers you if your client suffers a financial loss and alleges or proves the loss was attributable to an error or omission in the advice you provided.

March 26th, 2020Jack Ebert
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Why cybercrime insurance in NZ has never been more important

Cybercrime affects millions of people in New Zealand every year, from stolen identities to account hacking and information theft. When cybercriminals target small businesses, they can have a significant impact including financial losses and reputational damage.

March 12th, 2020Jack Ebert
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When disaster strikes: is your company covered with business interruption insurance?

Most business owners know they need to insure their premises, materials, and tools. After all, if disaster strikes, you’ll need to repair or replace these essential elements so your business can keep operating. These types of insurance are often seen as a no-brainer for business owners who are well aware of the importance of managing risk to run a healthy business.

February 20th, 2020Jack Ebert
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