Insurance

    • What is insurance?

    • The types of insurance

    • The types of construction insurance cover

    • What are the benefits of having insurance?

    • How to get insurance?

What is insurance?

Insurance - protects you against financial loss due to specific events.

Cover - insurance cover is your financial safety net.

Having the insurance cover in place is a way to manage risks and keep your business moving if things go wrong or something (or someone) gets damaged and you have to cover the bill.

Types of insurance

There is insurance cover for almost everything and anything. The types of insurance you need will depend on the type of business you have, the industry you work in, the mahi your workers do, the equipment you own - the list goes on. 

Personal

  • Health 

  • Life 

  • Homeowners 

  • Automobile 

  • Accident 

  • Disability 

  • Long-Term Care 

  • Burial 

  • Pet

  • Travel 

  • Travel Medical 

  • Mortgage

  • Renters 

  • Umbrella 

  • Dental 

  • Contents

Business

  • Public liability 

  • Professional indemnity 

  • Statutory liability

  • Cyber insurance

  • Contract works 

  • Trade credit 

  • Surety bonds

  • Employee benefits 

  • Directors / officers liability 

  • Commercial property 

  • Business interruption 

  • Commercial vehicle 

  • Machinery breakdown

  • Transit 

Types of construction insurance cover

The type of insurance you need will depends on the type of risks your business might be exposed to. Risk is the potential for harm or financial loss usually caused by a situation involving exposure to danger.  

Public Liability

Covers claims made by the public that happen in connection with your business's activities. This is a must for government contracts.

Cyber Insurance

Covers the costs involved to recover from a data breach or cyber attack..

Contract Works

Covers projects from accidental loss or damage due to fire, flood, storm, vandalism or theft during construction. 

Asset Insurance

Covers your buildings, contents, stock and customers' goods.

Statutory Liability

Covers your business & your staff against certain unintentional breaches of NZ law resulting in prosecution.

Trade Credit

Covers your losses if a debtor doesn’t pay you.

Professional Indemnity

Cover for professionals who provide advice or a service to their clients.

Vehicle Insurance

Covers the cost of damages or faults to your work vehicles.

What are the benefits of having insurance?

  1. Government agencies will only engage you for services if you have insurance.

  2. In the long run, you can save your business money if something goes wrong.

  3. Lawsuits against your business won’t leave you strapped for cash. 

  4. If the building your business operates in is damaged by a natural disaster it will help replace the income you’ve lost because your business can’t run. 

  5. Help to cover wages if employees are unable to work. 

  6. Repairs and potential replacement costs can be significant.

  7. Increases the Credibility of Your Business With Business Insurance

  8. By having business insurance, it shows you want to protect your business. 

  9. Government agencies required you to have insurance as a risk management plan.

How to get insurance?

The type of insurance you need will depends on the type of risks your business might be exposed to. Risk is the potential for harm or financial loss usually caused by a situation involving exposure to danger.