Covers your commercial buildings, contents, money, fixed plant and stock, and portable plant and equipment as shown on your certificate.
You can select cover for accidental loss to your commercial buildings, contents, fixed plant and stock.
There’s also the option of limiting your accidental loss cover to defined events listed in the policy wording, or to fire only. Check the policy for the full list and to see what additional benefits are provided by this cover.
You can select cover for your money, including other people’s money that’s under your control, is covered for accidental loss in some circumstances including when it’s held at your premises, in transit, or at your, or your employees, dwelling.
The following are some of the Additional Benefits that are automatically included in your policy.
Cover for additional buildings, machinery or plant you purchase or have built, as well as additions, alterations or improvements to existing buildings, machinery or plant, up to $100,000.
Covers up to $10,000 for professional help, for example an accountant, to prepare and present your claim.
Covers you up to $10,000 for accidental loss to your customers’ goods at the premises, if they’re not insured elsewhere. You can choose to set a higher limit.
Covers your employees’ personal belongings, including tools of trade, while at the premises or being used by them on the job anywhere in New Zealand, for accidental loss. Cover is up to $2,000 for any one employee, and up to $5,000 for any one event. You can also choose a higher level of cover.
We’ll cover your additional and reasonable costs, up to $2,000, for express freight and overtime labour if it’s needed to speed up the reinstatement of your commercial property after a loss.
Marine insurance cover for General Average and Salvage charges that you may need to pay in accordance with a contract of carriage within New Zealand.
If keys you use to access your insured property are lost or stolen, we’ll pay up to $5,000 to replace them and the locks, and you won’t need to pay an excess. This also covers devices like electronic access cards and remote door openers.
Covers your property, except for stock on consignment to a customer and portable plant and equipment, for accidental loss while it’s temporarily removed from the premises, including in transit, anywhere in New Zealand.
Covers up to $10,000 for loss from theft, as long as it doesn’t involve forced exit or entry, you, your employees, or any fraudulent activity. You can also choose a higher cover limit.
These are some of the Optional Benefits you can purchase for even more comprehensive insurance.
Cover for accidental loss to your commercial property caused by natural disaster. This excludes indoor plants and property covered under the Earthquake Commission Act 1993.
The sum insured for your stock will be automatically increased by 25% for a four-month period shown on your certificate.
For buildings and contents you can choose from three levels of cover - Present Day Value, Nominated Replacement or Functional Replacement.
You can choose to have your growing structures and plastic or cloth-cladded buildings covered on a Nominated Replacement basis. Portable plant and equipment is covered for replacement provided the item is up to 2 years old or otherwise Present Day Value. For glass, money, growing plants and stock what we will pay will depend on the particular qualities and requirements for these items in the event of a loss.
Repair or replacement of your items to the same condition they were in just before the loss, think of it as similar to a second hand value.
Repair or replacement of your items to the same condition as when they were brand new.