Who is 360 Commercial?
360 Commercial is a specialist underwriting agency insuring New Zealand businesses since 2008. Backed by AIG and Lloyd’s, they provide Property insurance and a suite of covers under their Management Liability products to commercial businesses, Not-For-Profits and sporting organisations across New Zealand.
360 Commercial contacts
We commit to providing our broker partners with professional services and insurance solutions
What makes 360 Commercial Different?
Market-leading solutions through our partnerships with international insurance providers
Our team of professional and experienced underwriters will provide you with fast, friendly and helpful service
We provide personal service from regionally-based Underwriters across New Zealand.
The Product
The product’s simplified design and expanded covers were built to combat the industry’s commoditisation of business packages. We provide brokers with unique solutions that add value and certainty for their commercial and Not-For-Profit clients.
The following is a high level summary of our underwriting appetite. For an overview of the features & benefits and key exclusions of each product, please download the individual Product Profiles found below.
Property
Commercial Risks
(including NFP and sport organisations)
- Dedicated multiline package offering (Property and Liability) for commercial risks, sports clubs and Not-for-Profit organisations.
- Focus on sums insured up to $20m and backed by AIG.
- Policy Wordings are 360 Commercial’s own SureFoundation (Property or agreed AIG broker policy wordings.
- Focus on property up to $20m total sum insured per location.
- Claims managed by AIG, with broker access to Express Claims.
Hard to Place Risks
- Hard to Place Property risks that are not easily insurable in the New Zealand insurance marketplace.
- Examples of Hard to Place risks include:
- Chemical manufacturing
- Food processing
- Warehousing
- Fabricators
- Breweries
- Sums insured up to $50m and placed in the Lloyd’s market via a dedicated NZ lineslip.
- +Policy Wording is 360’s own Wording.
Earthquake prone risks, pre 1935, excess buy down, lower NBS
- Comprehensive Property solutions for risks that are earthquake prone regions (such as Wellington).
- Cover also available for buildings of all ages, especially those built pre-1935, with lower NBS and/or those that have been paid out by NHI and not yet repaired.
- Natural Disaster Deductible Buy Down cover.
- Sums insured up to $15m and backed by Lloyd’s. (Lead or follow).
- Policy Wording is 360’s Property Wordings.
High Fire Risks
- Comprehensive Property cover for risks that are considered higher fire hazard.
- Examples of high fire risks may include:
- EPS
- Woodworkers
- Remote locations
- Vacant buildings
- High risk manufacturing
- Sums insured up to $6m and backed by Lloyd’s.
- Policy Wording is 360’s Property Wording.
Liability
SureDirection (Management Liability)
- Full suite of liability protection appropriate for all Commercial clients, sports clubs and Not-for-Profit organisations.
- Optional modular covers including Management Liability (D&O), Employment Practices Liability, Crime, General Liability, Statutory Liability, Employers Liability, Cyber and Professional Indemnity/Liability.
- Sums insured up to $10m and $20m for General Liability, and backed by AIG.
- 360 Commercial is AIG’s preferred distribution channel for risks with GWP <$10,000.
- Policy Wording is 360 Commercial’s own SureDirection Management Liability.
- Claims managed by AIG, with broker access to AIG legal panel.
Policies
SureDirection Management Liability Policy Wording
Product Profiles
Proposals
Declarations
Claims
Claim contact information can be found on the relevant claim form below.
Other Documents
Trading Terms & Conditions
To view documentation for policies incepted prior to 21 June 2024
