Insurance

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Sustainable Business Network Awards

Meet the winners and Commendations for the 2018 NZI Sustainable Business Network Awards!

Ask an Expert

Recovering mark-up

Question… In a situation where damage is done to third-party property and our at-fault insured client undertakes the repairs to remediate, to what extent can our client legitimately recover their normal mark-up (beyond th...

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Wrong fuel

Question… My client has an employee erroneously fuel his diesel motor vehicle with one litre of Go Clear and subsequently cause the engine to cease working. Fuel systems are affected only.  The policy can...

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Spontaneous Ignition

The hidden danger when doing laundry

Vero recently received a claim for a fire that caused extensive damage to a small business. Upon investigation, it was  discovered that the cause of the fire was the spontaneous ignition of towels, rags and napkins in the tumble...

FSCL Case Study

When two brokers get it wrong

An insurance broker arranged insurance cover for a couple’s home, including a swimming pool. Insurance premiums were increasing and the client asked the broker if he could find a cheaper policy. He offered the couple an...

FSCL Case Study

The stock loss shock

A businessman bought a jewellery store located within a shopping mall. The previous store owner’s insurance broker emailed him a new schedule of insurance in the name of his business. The schedule showed a sum insured of $150,000...

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