What types of liability insurance are available in New Zealand?

The types of liability insurance available in New Zealand for businesses and individuals include:

• Public Liability Insurance: Covers accidental injury or property damage caused during business operations, including legal costs and damages. It generally protects against claims from third parties for bodily injury, property damage, and sometimes reputational harm.

  
  

• Statutory Liability Insurance: Covers legal defense costs and fines related to unintentional breaches of New Zealand laws, providing protection against penalties for regulatory breaches.

  
  

• Employers Liability Insurance: Protects against claims for work-related injuries not covered by ACC (Accident Compensation Corporation), addressing gaps where ACC does not apply.

  
  

• Product Liability Insurance: Covers lawsuits from customers due to injury or loss caused by your products, paying for legal defense and compensation if the business is found liable.

  
  

• Professional Indemnity Insurance: Protects businesses providing advisory or expert services against claims of mistakes, oversights, or negligence. It is essential for professionals like consultants, engineers, healthcare providers, and IT professionals who may face claims related to advice or services given.

  
  

• Directors and Officers Liability Insurance:  Typically packaged with other liability coverages, this protects directors and officers against claims related to their management decisions and fiduciary duties.

  
  

• Trustees Liability Insurance: Protects trustees against claims of breach of fiduciary duty or mismanagement, safeguarding those managing trusts.

  
  

• Business Vehicle Insurance: Covers business vehicles for damage and liability, including options for third-party or comprehensive coverage depending on business needs.

  
  

• Business Assets Insurance: Covers accidental damage, loss, or theft of business property, similar to commercial property insurance protecting buildings and contents.

  
  

• Business Interruption Insurance: Covers losses due to unforeseen events interrupting business operations, such as natural disasters or fire, helping cover ongoing expenses like wages and rent during downtime.

These coverages can be tailored to the specific risks faced by businesses in New Zealand, and many insurers offer packages combining several types.

We can provide more detailed information on any specific type of these insurances in New Zealand.

Contact us on:

Off: 09 360 5555

Mob: 0273 000666

E mail: info@suninsurance.nz

Liability Insurance Contract - SUN INSURANCE