Material Damage insurance covers for sudden loss, theft or damage to any of the insured property (which may include any damage to business assets from fire and flood, employees' personal effects, customer goods, replacement locks/keys) at the insured location arising from any fortuitous cause except those that are specifically excluded.

In many cases, the cost of the insurance can be reduced by providing enhanced security such as deadlocks, security lighting or alarms and having effective fire protection such as fire extinguisher or sprinkler systems.

Machinery Breakdown

It is a separate policy and normally excluded from material damage policy. It covers damage to electrical, electronic and mechanical machinery insured due to a breakdown. It can also cover the deterioration of stock held in cold storage, as a result of the breakdown.

Minor damage to a property can seriously disrupt a business leading to loss of income and additional expenses. Business Interruption cover is normally purchased in conjunction with Material Damage cover.

It covers a business for a shortfall in gross profit together with any extra working costs and professional or consent fees to get the business back in running. It indemnifies a selected indemnify period the insured deems fit to get the business back on track which in many cases can take up to 12 or 18 months. This cover will only respond if the disruption of the business is a result of sudden and unforeseen loss or property damage at the insured premises under the Material Damage cover or any damage to suppliers/customers' premises, public utilities or restricted use of the insured location following damage to an adjacent property.

Public Liability and Products Liability (General Liability)

If during the course of the business operations, any damage to third party property or injury to a third party which the business can be held legally liable. Public liability also covers all associated defense cost and for any settlements or damages awarded.

Products Liability is normally included under Public/General Liability policy, providing cover for third party damage/injury causing by the company's product.

Employers Liability

It covers a business from any civil actions brought by employees for injuries or disease arising out of their employment. Employers liability also covers all associated defense cost and provided for any exemplary damages awarded.

Statutory Liability

It covers fines or penalties from unintentional breach of certain statues or Act of parliament.

Director's and Officer's Liability

It covers any wrongful acts arising from an individual's position as a company director or officer. Cover is provided for the individual directors and officers as well as the company itself. Director's and officers liability also covers all associated defense cost.

Specialists form of cover are also available including Association Liability, Trustees Liability and Directors and Officers Personal Liability for those Directors/officers who want an extra level of security for example if they serve on more than one board.

Professional Indemnity

It covers individuals against claims for breach of their Professional Duty arising out of any negligent act, error or omission committed or alleged to have been committed by the insured in the conduct of the insured's professional activities (their profession or "business")

Full comprehensive cover or third party cover available that covers the insured vehicles owned or leased used for business purposes along with the insured's legal liability to the general public arising out of the use of the motor vehicle including while it is being loaded or unloaded.

Marine Cargo or Goods in Transit

Single Transit Cover

It covers for any household goods, personal effects or general/commercial cargo moves within NZ and to or from NZ by sea, land and air.

Marine Cargo open policy

It covers imported or exported goods as described by the insured to the insurer, the countries or places to or from for a definite period as specified in the agreement or for an indefinite period until the agreement is cancelled by either party. Terms and conditions of the policy apply.

Marine Liability

Cover available for all business, cargo owners, charterers, port & marina operator, freight forwarders and ship repairers.

It covers those unexpected and unforeseen events such as theft, vandalism, arson, natural disaster or landslides the construction industry exposed to from building residential houses, commercial buildings, high rises to bridges or tunnels. Consequential loss or damages for any delay, ie breach of contract signed are not covered if those events arise.

Farm Dwellings

It covers the farm occupied by the owner as well as any other dwelling that might be occupied by farm employees.

Farm Home Contents

The contents of a dwelling that is occupied by the owner or an employee.

Farm Private Vehicles

Motor Vehicles that are not primarily used for in connection with the farming business.

Farm Vehicles

Covers vehicles belonging to and used by the farm for any damage, loss and third party risks.

Farm Assets(Material damage)

Covers the physical assets belonging to the farm.

Farming Operations Business Interruptions

Provides cover that is needed to keep the farm going after a claim.

Livestock, dog or horses

Provide cover as a result of accidental death or illness as a result of your farming operations.

Public, Employers and Statutory Liability

Covers third party and any damages claim by employee and any associated legal defense costs.

Equipment/Machinery Breakdown

Covers sudden accidental breakdown of electrical and mechanical plant, can also include the spoilage of stock and cost to dismantle or freight.

Income Protection, Life and Trauma cover

Provides income if suffered some form of physical injury, any illness physically or mentally or any disablement or death.

It covers the key and important person to the business in the event of death or serious disablement.

The important reasons to have business life and trauma cover are as follow:

• Debt protection/saving the business: If the business owner or key persons suffer any serious disablement or death, the cover will triggers money that is needed to assist with repayment of debt, other business financial commitments without jeopardizing the business.

• Succession planning: Provides cash in the event of death or serious disablement of the business owner so that the remaining partners/shareholders can retain control of the business and the beneficiaries of the deceased can get a fair price of the sale who may not have any intention or have the necessary skills and knowledge to run the business. Shareholder buy/sell agreement need to be set up by a registered legal practitioner between partners and shareholders.

Key Person Cover

Provides access to cash (monthly benefit) so that the business can continue to find, train and recruit a new person while the key person recovers from a critical condition. The money can also cover any loss of profits and other financial commitments so that the business is under control.

New Business/Start up Cover and Business continuation cover are available. Occupation eligibility apply and proofs of financial statements may required for established business during application or claim time.