WHAT INSURANCE DOES MY BUSINESS NEED?
We’re here to help you figure out what insurance you need, and how much, so together we can establish the right level of protection for you.
Below are some of the different types of business insurance available in New Zealand. If you need more information on any of these or any other types of business insurance, please get in touch.
SMALL BUSINESS INSURANCE
Business insurance protects you from the unpredictable. But because there are so many different aspects to a business we can help you work out where your risks lie, and what level of protection you may need.
Here are some examples of what could be covered:
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Key persons in your business should they become incapacitated and unable to work
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Your commercial property and business premises
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Your contents – such as office equipment, furniture and chattels
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Expensive equipment and machinery
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Loss of revenue
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Employee fraud
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Cyber crime that affects your business
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Uncontrollable events that affect your profits and your ability to pay staff (business interruption)
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Public liability in case you, your staff or products affects someone else’s property.
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In a world full of uncertainties, having business insurance gives you peace of mind that your business and staff can be financially supported should the worst happened.
Like you, we run our own business and understand the risks and challenges associated with sustaining and growing a successful business. That’s why we focus on providing you with specific insurance solutions that protect your business, giving you peace of mind to focus on what you do best. On Point have access to a dedicated Restaurant and Hospitality Scheme underwritten by AIG.
The Facility provides additional coverage not commonly available in the insurance market. This includes coverage for livestock, machinery breakdown, spoilage, and an option for additional Management Liability coverage, including coverage for taxation, employment disputes, and crime.
RESTAURANT
AND HOSPITALITY
In the hospitality industry, your business relies on constantly providing high levels of service; we know that you expect this same level of service from your insurance broker.
CONSTRUCTION
INSURANCE
Construction insurance is a special type of property insurance which indemnifies against damage to buildings while they are under construction
Buildings are subject to many different risks while under construction, from fire, wind, theft and vandalism and many more potential risks.
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We provide insurance to the various segments in the construction industry including:
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Personal Home Construction
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Builders
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Property developers
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Demolition contractors
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Civil engineering contractors
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Subcontractors.
TRANSPORT AND LOGISTICS
The complexity of the transport and logistics industry makes finding the right insurance coverage challenging. With such a wide variety of people involved, it is difficult to find the right mix of insurance products on your own.
Including but not limited to the following:
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Heavy Machinery
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Courier Services
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Rideshare (Uber and taxis)
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Large Fleets
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Liability
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The Transport and Logistics industry is all about deadlines and with it comes specific insurance challenges particularly in the areas of equipment replacement, environmental regulations and the safety of both people and product. We at On Point will work with you to understand your business and ensure the specific risks your business are exposed to are apportioned to the appropriate cover and help you plan for and avoid potential losses and liabilities.
Professional Indemnity insurance will generally cover:
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Legal costs incurred in the defence and investigation of a Professional Indemnity claim
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Compensation required to be paid by the insured in order to settle a Professional Indemnity claim.
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Professions that should consider professional indemnity insurance include (but are not limited to):
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Management and business consultants such as marketing consultants, training consultants and education consultants
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IT professionals
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Recruitment agencies and recruitment consultants
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Designers such as web designers, graphic designers and interior designers
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Fitness professionals including personal trainers, dance teachers and yoga instructors
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Teachers and tutors including private tutors
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Lawyers, real estate agents and accountants
LEGAL AND
PROFESSIONAL
SERVICES
Damages awarded against professionals can be substantial and will generally relate to financial loss, bodily injury or property damage suffered by the claimant as a result of relying on the professional’s advice and/or services.
STAFF MEDICAL INSURANCE SCHEME
Good staff are hard to come by, so a great way to show your appreciation for their hard work is to provide them and their families with private health insurance. After all, healthy staff mean healthy business.
There’s a range of options to choose from to suit your business. For example, you can subsidise part of your staff’s medical insurance or pay for all of it, and you can choose what level of care will be covered – from hospital and surgical care only, right through to including doctors’ visits, specialist care and even dental and natural health care.
There’s a lot to figure out and we can help you work out the best option for your staff, your business and your budget.
1. Subject to the terms, conditions and exclusions of the Policy Schedule and Wording.