360 Commercial

Commercial Risks
(including NFP and sport organisations)

• Comprehensive property and interruption package designed for New Zealand Commercial risks.
• A dedicated multiline package covering Property (and Liability) risks for sports, fitness and recreational clubs and organisations.
• Not-for-Profit groups and organisations.
• Focus on property up to $20m total sum insured per location.
• Access to Express Claims.
• The capacity is AIG Insurance New Zealand Limited and written on 360 Commercial’s own SureFoundation policy wording or agreed Broker policy wordings.

Hard to Place Risks

• Hard to place Property and Liability risks that are not easily insurable in the local New Zealand insurance market place.  Example of hard to place risks include chemical manufacturer, food processing, warehousing, fabricators and breweries etc.
• Sums insured up to $50m and placed in the Lloyd’s market via a dedicated NZ lineslip.

Earthquake prone risks, pre 1935, excess buy down, lower NBS

• Dedicated Lloyd’s Binder providing comprehensive property and business interruption for risks throughout NZ, with solutions for earthquake prone regions (such as Wellington)
• Cover available for buildings of all ages, especially those built pre-1935 and with lower NBS and/or those that have been paid out by NHI (previously EQC) and not yet repaired
• Access to Natural Disaster Deductible Buy Down options
• Focus on property/business interruption up to $10m sum insured
• Willing participant in co-line opportunities for TIV’s up to $37,500,000

High Fire Risks

• Comprehensive property and business interruption for risks that are considered higher fire hazard risks.
• Examples of hire fire risks may include a woodworker, buildings constructed of EPS, remote locations not near a fire station, vacant buildings, high risk manufacturing, etc.
• Focus on property up to $5m total sum insured and backed by Lloyd’s.

SureDirection (Management Liability)

• Full suite of liability protection appropriate for all SME clients and Not-for-Profit groups and organisations..
• Tailored, cost-effective coverage options without unnecessary, bundled-in cover.
• Optional covers available include Director’s & Officer’s Liability, Employment Practices Liability, Crime, General Liability, Statutory Liability, Employers Liability, Cyber and Professional Indemnity/Liability. An option exists for Medical Malpractice cover for certain occupations.
• Various Liability sums insured available up to $10m and $20m for General Liability.