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Industry Risk Report; Global contents - Bar graph

Referenced:

  • 4.0 Business (TBD)

Accidental damage/Loss

Burglary/Theft

Burglary/Theft from vehicle

Natural disaster

Fire/Explosion/Arson

Fusion

Impact damage

Malicious damage/Vandalism

Water damage/Burst Pipes

Weather events

Source: Vero New Zealand Claims 2018-2020

Industry Risk Report; Global contents - Top 3

Referenced:

  • 4.0 Business (TBD)

The 3 top causes – and what you can do to avoid them

Keep in mind that things like fire – while it may have a lower claims frequency – can be equally, if not more, devastating.
That’s why we’re helping you understand a range of risks for your business.

Industry Risk Report; Global contents - Top 3 - Accidental loss or Damage

Referenced:

  • 4.0 Business (TBD)
Accidental damage/Loss

Accidents happen. But knowing the risks can protect property, equipment and people. You can reduce them by:

  • Having a risk-aware culture at your workplace
  • Doing regular maintenance checks
  • Training your staff
  • Introducing clear operating procedures.

To find out how, check out the fact sheets and tools Open

Industry Risk Report; Global contents - Top 3 - Burglary & theft

Referenced:

  • 4.0 Business (TBD)
Burglary & Theft

Having any property stolen – whether it’s personal or owned business – can be a distressing experience. You can reduce these risks by:

  • Installing physical and electronic protection
  • Installing good quality intruder alarms
  • Having CCTV available
  • Deploying regular security patrols.

To find out how, check out the fact sheets and toolsOpen

Industry Risk Report; Global contents - Top 3 - Burglary & theft - Premises

Referenced:

  • 4.0 Business (TBD)
Burglary & Theft - Premises

Having any property stolen – whether it’s personal or owned by the business – can be a distressing experience. You can reduce these risks by:

  • Having good physical protection
  • Installing good quality intruder alarms and having these monitored
  • Having CCTV available
  • Deploying regular security patrols
  • Having good fire detection on hand (for arson).

To find out how, check out the fact sheets and toolsOpen

Industry Risk Report; Global contents - Top 3 - Burglary or theft away from premises or from motor vehicle

Referenced:

  • 4.0 Business (TBD)
Burglary or theft away from premises or from motor vehicle

Most of the claims from Tradies come from burglary and theft – usually of tools and equipment from their vehicle or work site. You can reduce these risks by:

  • Marking your tools and equipment
  • Recording serial numbers 
  • Parking your vehicles in a secure spot, in a well-lit area
  • Keeping vigilant and alert to risks.

To find out how, check out the fact sheets and toolsOpen

Industry Risk Report; Global contents - Top 3 - Impact Damage

Referenced:

  • 4.0 Business (TBD)
Impact damage

Impact damage is normally caused by a vehicle colliding with some part of a property – a fence, wall, roller door or overhanging roof, for example. You can reduce these risks by:

  • Installing good warning and/or diversion signage
  • Installing bollards and/or guidance posts to vulnerable areas
  • Managing vehicle movements
  • Making sure goods are loaded and unloaded with care
  • Having proper procedures in place.

To find out how, check out the fact sheets and toolsOpen

Industry Risk Report; Global contents - Top 3 - Water damage/burst pipes

Referenced:

  • 4.0 Business (TBD)
Water damage/Burst Pipes

Water damage can cause major disruption to a business and result in extensive damage to the building, fixtures, fittings, plant and equipment. Also, the combination of water and electricity can pose a fire risk. The good news is, with regular checks and a proper plan, the risks can be significantly reduced.

  • Know where the water shut off valves are 
  • Maintain the building so that its water tight – floor, walls and roof.
  • Check gutters, downpipes and yard drains for blockages.
  • Inspect plumbing, water pipes and waste lines for leaks, damage or corrosion.
  • Check hot water cylinders, under-sink plumbing regularly for leaks.

To find out how, check out the fact sheets and toolsOpen

Industry Risk Report; Global contents - Top 3 - Weather events

Referenced:

  • 4.0 Business (TBD)
Weather events

We all know how changeable NZ weather can be. From storms and high winds to hail, snow and lightning – these events can all cause damage to property. You can reduce these risks by:

  • Ensuring your building is well maintained and weathertight
  • Making sure gutters and yard drains are kept clear
  • Checking overhanging branches and nearby trees
  • Securing outside stock, plant and equipment
  • Clearing snow from roofs and gutters (if safe to do so).

To find out how, check out the fact sheets and toolsOpen

Industry Risk Report; Global contents - Learn how to

Referenced:

  • 4.0 Business (TBD)
 

Learn how you can reduce risk

To help you, our specialists have compiled a range of information sheets that cover off typical risks.
They might not all be relevant to your specific business, but there are lots of helpful hints and essential ‘must have’ precautions.

Our handy checklist

This handy checklist lets you self-assess risks to your business. It won't affect your policy and you don't need to send it back.

Industry risk guide

Specific watch-outs

Deeper insights and more detailed information for the most frequent, or significant, kinds of claim. 

Industry Risk Report; Checklists in industry

Referenced:

  • 4.0 Business (TBD)

Industry Risk Report; Specific Risks - Fire

Referenced:

  • 4.0 Business (TBD)

Fire

download iconDeep Fat Fryers

download iconLithium-Ion Batteries

download iconHot work

download iconSandwich Panel

download iconPalm Kernel

Industry Risk Report; Specific Risks - Fire Systems

Referenced:

  • 4.0 Business (TBD)

Fire Systems

download iconFire Alarms

Industry Risk Report; Specific Risks - Water & Weather

Referenced:

  • 4.0 Business (TBD)

Water & Weather

Industry Risk Report; Specific Risks - Security

Referenced:

  • 4.0 Business (TBD)

Security

download iconPhysical Security

download iconFog Generating Devices

download iconPoker Machines

download iconUnoccupied Buildings

download iconTools

Industry Risk Report; Specific Risks - Electrical

Referenced:

  • 4.0 Business (TBD)

Electrical

download iconUsing Power Boards

download iconThermographic Imaging

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