Commercial

We can sort out all your business insurance, so you don’t have to worry!

Leaving you free to work on the things that bring success! We understand that you are busy in your business and there is so much to take care of. Insurance can be a stressful part of this, the reality is things going wrong can have a frightening impact on your business and livelihood. Because of this minimising risk and loss is essential to long term success. That’s why we insist on understanding everything about your business, so we can create a package that keeps you and your business fully protected and secure.

We offer a full array of business insurance, from:

  • Public Liability
  • Professional Indemnity
  • Material Damage
  • Commercial Motor Vehicle Cover
  • Personalised Insurance Packages

Our job is to put the right cover in place so that you as the business owner are worry free, and able to focus on the things that move you forward!

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Material damage policies are similar to domestic contents policies but for businesses.

Cover for stock, plant, equipment, tools and specialised electronic equipment is common.

Coverage can be extended to also include mobile plant, equipment or stock. Policies can allow for seasonal variations and can be extended to include machinery breakdown cover.

Business interruption is designed to indemnify the insured against loss of profits due to a reduction in turnover caused by fire or another insured event. This ensures that your on-going expenses are met and anticipated profit is maintained through ongoing cash flow.
Additional cover can be provided for:

Payroll

Additional increased costs of working

Reinstatement of records

Claim preparation costs

Book debts

Redundancy payments
Limited cover can also be offered where there is closure of transport routes (port, airport, rail) by an authorised authority and where customers and/or suppliers premises are effected.

Loss of rents for landlords is also covered under this type of policy.

Commercial building insurance provides you with the peace of mind that should a natural disaster or other damage befall your commercial property; you will be able to get the funds to renovate or replace the damaged property. This is hugely important, particularly for investors with large amounts of property or businesses who own a considerable amount of the property they operate from.
In the case of an apartment building or block of flats governed by a body corporate, the body corporate is required by law to take out insurance on the building. It is hugely important that the body corporate takes out sufficient coverage for the entire complex, but it can often be a complicated process. Contact us now and we can determine what the body corporate needs are, and find the right policy for your complex.
When your employees are dependent on their company vehicles to work effectively, downtime can cost your company a huge amount. Keep your vehicles (and employees) on the road with commercial motor insurance, and ensure that repairs are done quickly or damaged cars are replaced in a timely manner.
Agency agreements all state that each agent must carry full commercial motor insurance, yet all insurers also exclude real estate agents and sales people from being covered under personal car insurance. Here at Northcrest, we can provide the commercial cover required at very competitive rates, often less than personal rates. Spouses/partners can even be added.
Marine transit insurance covers the loss of cargo, ships or any damage related to property being transferred from one port to another. With so many variable factors when transporting goods by sea, such as bad weather or distance from land in the case of damage, it’s hugely important to guard yourself against the many risks associated with goods in transit. Not only that, marine transit covers all forms of transport – air, sea, road and rail, both domestic and international, so wherever your goods are on their journey, you can feel safe knowing you’re protected if anything goes wrong along the way.
Builder’s risk insurance covers both natural and accidental damage to a property while the property is under construction. When undertaking construction, be sure to take out builder’s risk insurance to protect your property from any unexpected costs.

Commercial Liability

Public liability insurance covers your business in the case of a customer or member of the public suffering a physical loss or injury as a result of business activities with your company, should they choose to make a claim for compensation. This insurance can cover compensation payments, as well as legal fees. Getting public liability cover will allow you to operate your business, without the worry of not being able to cover costs should anything happen to a customer or client.
Statutory liability cover will ensure that should you accidentally breach most statutory acts of parliament, such as health and safety regulations, the Privacy Act, the Human Rights Act, the Commerce Act or the Resource Management Act, any fines, damages and legal fees charged to your business will be covered. Give yourself the peace of mind that comes with knowing your business is prepared.
Employer’s liability policies provide financial compensation to help employers pay for compensation or fees associated with common law claims. Employers may be liable to pay for any costs caused by personal injury sustained by an employee, when not covered by ACC legislation. Employers liability insurance can prevent this from being an issue.
Professional indemnity insurance protects those who provide advice or a service to their clients. It provides you and your business with protection against any allegations that you have breached your professional duties. Regardless of whether the allegations are well founded or not, dealing with time-consuming, expensive lawsuits that damage your reputation can cause immeasurable harm to your business.

If any damages occur because of an act, omission or breach of professional duty or if you are accused of this, professional indemnity (negligence) insurance can protect you against legal costs and claims for damages. Contact Northcrest today to ensure that you are protected in the case of something going wrong.

When you hold a key position in a company, it’s vital that you are aware of the many risks you face, such as allegations and challenges to your professional integrity, which can be lengthy, expensive and damaging to your reputation. Directors and Officers liability insurance is designed to protect the personal assets of directors and officers against claims of mismanagement or wrongful acts committed by them in their roles, as well as covering expenses that the company may be liable for in this instance.

This is one of the least understood forms of insurance, so we’re happy to explain it fully to anyone who thinks it may apply to them or their business. Contact us today to find out more.