Why should you choose Marsh to arrange your insurance solutions?
The risk exposures of each business can differ based on a variety of factors. Some known and emerging exposures you may face include:
Negligence or breach of duty allegations from disgruntled customers
Injury or property damage claims from a third-party
Property damage due to natural disaster
Cyber-attacks if your customer or business data is stored by a third party, including accounting software and tools.
‘Claims made’ means that you (the insured) are covered for claims made against you during the current term of insurance. Even if the incident happened in the past.
Professional indemnity policies provide a 'claims made' basis of cover. This is because advice or service errors in many professions may not be discovered until months or even years after the mistake was made.
Therefore, a professional indemnity policy or 'run-off' policy must be in place for a claim to be met by an insurer.
It’s also important to note that, if the limit of indemnity was changed, the limit that applies is the one purchased when the claim is notified – not when the work was completed.
Our team supports travel agents by providing risk and insurance advice that’s tailored to your unique business risk exposures.
Packages we recommend you consider as a starting point include:
However, depending on the nature of your travel business and how your business operates, you may need to consider other types of insurance (eg for commercial premises, business vehicles or management liability).
A certificate of currency is proof that you hold a current insurance policy.
Please contact us once you have accepted your policy and we will arrange for a certificate of currency to be sent to you from your insurer.
Insurers use a range of details to calculate your insurance premium. These include your:
Level of cover
Business turnover
Prior claims history.
Insurers may also factor in the number of claims they expect to receive in a year for a particular business type.
To arrange a quote, talk to us today. We’ll help you understand your business risks and arrange appropriate cover to meet your insurance needs.
Help protect your business – and your team – against management and operational risks with management liability cover.
Insurance can be a lifeline. But lump sum premiums can be a hindrance. Pay in monthly instalments with premium funding arranged by Marsh.
Need to travel from one job to another to keep your business running? Marsh can arrange business vehicle cover tailored to your needs.
You’re an expert in your field. We’re experts in ours. Let us arrange professional services cover tailored to you.
Hospitality workers work hard. Take a load off – let us arrange a comprehensive policy tailored to your needs.
LCPA 23/150
Marsh Ltd (NZBN 9429040918792)(“Marsh”) arranges insurance and is not an insurer. This webpage contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire the product, refer to the specific policy wordings and/or product disclosure statements available from Marsh on request.
