commercial insurance

To build and maintain a business successfully in today’s competitive times one needs to be a competent and professional operator. It is imperative that your business can continue to operate should disaster strike and to minimise any losses that may occur. We have access to a number of Underwriters who can offer tailor made options for your consideration.

Material damage

Material Damage covers property and chattels for either replacement or present day value at your place of business, as well as:

  • Replacing business records
  • Glass
  • Temporary Removal
  • High stock periods
  • Money
  • Employees’ effects
  • Fusion of electric motors
  • Rebuilding at another location
  • Deterioration of frozen/refrigerated goods

Business Interruption

If due to a Material damage loss, you are unable to carry out work or your work is interrupted at your insured place of business, Business Interruption many protect you for any loss of earnings. This policy can be extended for fitting out a temporary premises, or other additional costs if unable to continue business at your normal place of work; Loss of rental that you are entitled to under your lease agreement; or damage to accounts or business records.

  • Damage to property in your vicinity
  • Damage to a public utility
  • Property damage to your customer or supplier
  • Damage to another business that attracts customers for you
  • Loss of Rents
  • Claim Preparation

Public Liability

Public Liability covers you against loss or damage to someone else’s property due to your negligence.

  • Broadform Liability
  • Property you are responsible for (Care, Custody & Control)
  • Damage to employees belongings
  • Landlords Liability
  • Tenants Liability
  • Service or repair to motor vehicles or watercraft in your control
  • Forest & rural fires act 1977
  • Punitive & Exemplary damages
  • Legal Costs and expenses in defending a claim
  • Defective Design
  • Removal of support
  • Bailees

Commercial Vehicles

If your vehicle is being used commercially then it needs the correct cover.
Cover types available are:

  • Full Comprehensive cover, which includes third party liability plus full accidental damage cover for your vehicles.
  • Third Party Liability, A restricted form of cover where the insured vehicle is not covered but which protects the insured for damage caused to third party property. An extension can be added to also cover the vehicle for loss or damage by fire of theft.

There are Underwriters who specialize in various types of fleets such as:

  • Standard Commercial Motor
  • Contracting businesses both on and off road
  • Heavy truck fleets
  • Taxis/couriers etc.
  • Long haul freight

Carriers Liability

A necessary cover for any business involved with freight and transportation of goods. This is based on the estimated turnover and provides protection against your freight in the event of damage to those goods. These covers can be individually tailored to meet your requirements and protect you in the event of an accident. Imagine losing a complete load of fruit or livestock in an accident – this would obviously result in a substantial monetary loss and Carriers Liability would protect you against this type of loss.

Trade Credit

This is specifically designed for businesses to protect their business assets and can be of great assistance in the event of:

  • buyer insolvency
  • payment default
  • failure to honor contractual payment agreements

These policies can be tailor made to suit your individual risk such as perhaps insuring an individual customer or a number of different customers and can give you peace of mind and security to continue and even expand your business. This cover is available for domestic and/or export markets.

Key Person

How would you or your business cope should one of your major key people be unable to work due to death, accident or illness? Substantial additional costs could be incurred as the result of replacing this person. An option is to take out insurance specifically designed to cover these costs. All covers need to be arranged for your specific needs and different insurers have different wording.

Partnership/Share Purchase

Protecting your business in the event of death of one of the partners. This cover allows the surviving partners to pay out the deceased partner’s share of the business to the estate and allows continuity of the business. All covers need to be arranged for your specific needs and different insurers have different wording.

enquire about commercial insurance