There is no single policy to cover all your commercial or business insurance risks but there is a single plan, the Vero BusinessPlan, which allows you to have all your company insurance, all in one place. By addressing all your business risks together, you have the comfort of knowing that you are comprehensively covered.
You also have the reassurance of knowing that you are only paying for the cover you need, and nothing more. Setting up all your insurances under one plan will save you precious time and money – two things in short supply for many small business owners.
As a Vero or AMP commercial insurance customer, you also stand to avail of our special building valuation discount offer from Quotable Value, New Zealand's largest valuation services and property information company.
Drawing from a suite of nine business policies within the Vero portfolio, your plan is created relevant to your business needs. Only the policies that are applicable to you will be activated, and the premiums are tailored to suit your levels of risk.
Material damage covers your property against accidental loss or damage (including burglary). Cover is available for your buildings, plant, machinery and stock and automatically includes cover for money on the premises, glass and property in transit (including theft from your vehicle). Portable equipment such as mobile phones and laptops are covered anywhere in the world (and in transit) and are covered for full replacement value if they are less than two years old.
This covers the income or profit of your business, following insured loss or damage. Many businesses rely on material damage business insurance to cover the repair costs, but what about the associated loss of business profit? Business interruption insurance can cover your gross profit, wages, payroll and redundancy payments along with additional costs of working, costs for reinstating your records and loss of rents. To help you to work out what sum insured you may need for Business Interruption, please use our calculation guide.
Commercial motor insurance gives you the option of covering your business vehicles (i) comprehensively, (ii) for third party, or (iii) third party, fire and theft cover. For superior service and a lifetime guarantee of all work, damaged vehicles go to our nationwide network of approved repairers. Each repairer follows a strict code of conduct to deliver professional and hasslefree service to you as a Vero customer.
This covers your legal liability to pay compensation to third parties for personal injury or damage to their property in New Zealand and anywhere in the world (excluding USA/Canada) for your products. We will also pay the cost of investigating and defending claims or prosecution.
This covers claims made by employees for injuries or illness suffered at work that are not covered by ACC – like mental injury, nervous shock, fright or stress. We pay the defence costs and all sums that you become legally liable for, up to a selected limit, as a result of a claim for damages made against you.
This covers you for fines and defence costs for inadvertent offences under many Acts of Parliament including Fair Trading, Building and Resource Management Acts (excluding Health and Safety fines as required by law). For example, under the Resource Management Act, fines can be up to $200,000 for an offence and $10,000 per day for each day the offence continues.
This covers you for loss of earnings if you’re unable to work due to injury or illness. If you’ve chosen injury cover, a wide range of lump sum benefits are also payable. We’ll also cover you while you’re travelling, anywhere in the world, for up to three months.
Please Read This Important Information
This on-line information is provided by Vero and is intended to provide summary information as an introduction to the main features of this Vero product. For further information on this product, please download a specimen copy of the policy document, and/or product brochure (if available) or speak to your broker / adviser about Vero products.
A decision to purchase this product should be based on more comprehensive detail than is provided by this summary and you should not rely solely upon this summary. The policy document describes in detail the benefits provided, exclusions and how your policy works. The Vero product described in this on-line information is offered by Vero Insurance New Zealand Limited and is only available within New Zealand.
Vero sells its products through independent brokers. You can find a broker near you with the help of Vero’s Broker Locator...