A substantial amount of money will be tied up in the physical assets of your business. If you’re uninsured or inadequately insured, the cost of repairing or replacing buildings, stock, equipment and office furniture could prove commercially devastating.
QBE’s Risk Management Team can help minimise the risks, but natural events, including storm, floods, earthquakes, and human error, or those events, such as fire, that just happen present a constant risk.
You need funds to replace or repair damaged property and to protect your business profits following a period of enforced downtime. That’s why our customers rely on material damage and business interruption insurance to protect their businesses.
Material Damage & Business Interruption
Providing insurance protection for your building, stock and plant, this policy includes money, employees’ tools, refrigerated goods and seasonal stock increases. It can be extended to include ‘business interruption’ which covers loss of profit following a claim, wages, rates, lost rental income, professional fees and claim preparation costs.
At the heart of building back better
Rebuild Resilient – A property policy extension
Extreme weather events are becoming more frequent and severe across Aotearoa, and many Kiwi businesses are experiencing repeated damage from similar incidents. At QBE New Zealand, we want to give our customers more choice in how they recover – supporting smarter, more resilient solutions.
We know that more and more customers are looking to proactively mitigate the impact of weather-related events on their businesses and properties. That’s why we’ve developed an innovative way to build resilience into the recovery process.
Rebuild Resilient is an optional extension to our property insurance offering. Designed with the challenges of a changing environment in mind, it empowers customers to rebuild stronger, smarter, and with resilience at the core. It’s about helping to reduce future risk, not just recover from it.
For a full copy of the policy wording and any supplementary questionnaires that might need to be completed, please refer to your broker.
* Clicking this link will take you through to the IBANZ website. Please note that not all insurance brokers are members of IBANZ.