Your home and property are one of your largest assets, therefore it’s important to understand what cover you are entitled to under Natural Hazards Cover (NH Cover, formerly EQC). Here’s how it works: Home Protection: NH Cover provides coverage up to $300,000 plus GST before your private home insurance policy will trigger. Surrounding Land: Cover […]
Author Archives: Ali Okailey
24
Sep
Sep
Gradual damage is an important aspect of property insurance, yet it’s often misunderstood. Unlike sudden, destructive events like fires or earthquakes, gradual damage occurs slowly over time. It typically results from issues such as leaks, dampness, or wear and tear that worsen if not addressed early. Most standard insurance policies offer some level of cover […]
24
Sep
Sep
It’s important to take steps to minimise your risks if you’re travelling or going on holiday. Here are some tips for keeping your belongings safe. If carrying cash, keep the amount to a minimum. Carry any valuable items you have in carry-on bags or cash in a money belt – rather than in your main […]
24
Sep
Sep
Running a business that provides professional services or advice comes with its share of risks. Even with the best intentions and practices in place mistakes can happen, and when they do, the consequences can be costly. This is why Professional Indemnity (PI) cover is necessary. Professional Indemnity insurance responds to claims of negligence, breach of […]
29
May
May
In today’s digital age, New Zealand businesses are facing an unprecedented wave of cyber threats; from cyber breaches to ransomware attacks. The surge in online vulnerabilities underscores the growing importance of cyber insurance. Cyber insurance not only provides a financial safety net in the event of a cyberattack but it also supports businesses in managing […]
29
May
May
Social engineering is the art of tricking people into offering up private and sensitive information. Once scammers have personal information, they can steal identities, use passwords, and even empty bank accounts. Social engineers work by playing on human weaknesses – such as trust, greed, compassion, curiosity or fear. Scams will often come in the form […]
29
May
May
In the face of an ever-changing global landscape, New Zealand businesses are increasingly vulnerable to unexpected events that can disrupt operations. From natural disasters like earthquakes and floods, the potential for sudden interruptions is higher than ever. This unpredictability makes business interruption insurance an indispensable part of a company’s risk management strategy. Business interruption insurance […]
29
May
May
New Zealand’s new Natural Hazards Insurance Act comes into effect from 1 July, 2024. It will replace the existing Earthquake Commission Act 1993 (EQC Act), that currently provides cover caused by natural disasters, such as earthquakes, floods, volcanic eruptions, and landslides to damaged land and buildings. Natural hazard is a new defined term under the […]
29
May
May
As your dedicated insurance broker, your safety in the face of natural disasters like floods and earthquakes is our top priority. Here’s a specialised preparedness checklist to help you and your loved ones and work colleagues stay protected when confronted with the unique challenges of these events. Emergency Kit: Assemble a comprehensive emergency kit tailored […]