Template for calculating Business Interruption gross profit sum insured. Download Here

Introduction to Business Interruption Insurance

The Gross Profit items are the key components of most Business Interruption (“BI”) policies and because they are largely pre-printed, few decisions are required of brokers and insurers.

Perhaps there are only three

(i) What is the sum insured?

(ii) How long is the maximum Indemnity Period?

(iii) Which expenses are to be listed as “Uninsured (Working) Expenses”?

We now address in more detail ... Download Here

A major discussion point with our recent earthquake. So here is a ‘101’ on the basics to hopefully clarify/demystify this important insurance subject. I will cover the subject more in depth in subsequent articles (sessions)...

 Many businesses have endured hard times recently with this impacting on staff remuneration and packages. A good mechanism to provide employees with an improved package is by way of group health insurance products. Many employers see group health schemes as only beneficial to the employee, where in fact many of the benefits actually benefit the employer.

With all the current issues and media about Accident / Health Compensation, it may be timely to assess your personal health protection and risk management. As business people you will regard insurance protection as a necessity. An obvious first step is to insure and protect...

Do you  use or store hazardous substances your site? Do you know what is classed as a hazardous substance? Do you know the threshold quantities of hazardous substances that trigger requirements under the Hazardous Substances and New Organisms Act 1996?  Do you know the legal requirements if using, storing or disposing hazardous substances?