Why should you choose Marsh to arrange your insurance solutions?
Need a range of covers to suit your business needs? Explore Marsh’s business bundles for glass, theft and contents cover – and more.
Help protect your business against third-party accidents and costly legal fees. Let us arrange the right cover for your needs.
Help protect your business – and your team – against management and operational risks with management liability cover.
Help protect your hotel’s reputation – and bottom line – in the event of a claim. We can arrange insurance that meets your unique needs.
Let Marsh cater to your industry’s unique insurance needs – so you can keep your focus on the celebrations.
Hospitality workers work hard. Take a load off – let us arrange a comprehensive policy tailored to your needs.
You’re an expert in your field. We’re experts in ours. Let Marsh arrange professional services cover tailored to you.
Whether you’re online or in-store, let Marsh service your insurance needs – so you can stay focused on your customers.
Our experienced trades team can arrange comprehensive cover at competitive rates – and get you a certificate of currency on the same day.
Business interruption insurance typically covers loss of income and increased operating costs due to an insured event, such as property loss or property damage.
Generally, this policy covers:
Loss of income
Ongoing expenses (like payroll, financing and other fixed costs)
Additional costs required to return to normal business operations
Revenue-earning operations and supply chain issues
Disruption caused by service providers (including power, telecommunications and water).
Business interruption insurance typically doesn’t cover voluntary shutdown or business interruption unrelated to property loss or property damage.
A business interruption policy will also have an excess (or deductible) – as well as policy limits and, potentially, an excess period. Cover may differ from insurer to insurer.
Insurers also won’t accept risks that have already eventuated – such as interruptions caused by COVID-19.
For a full list of business interruption insurance exclusions and policies, refer to your policy document.
An indemnity period is the length of time a business interruption policy will pay for the interruption of your business. It should represent the maximum amount of time it will take to return business operations to normal after an insurable event.
The appropriate indemnity period for your business will depend on several factors. It’s wise to discuss this in-depth with your insurance advisor.
The amount you pay for business interruption insurance varies depending on the size, nature and location of your business. Different insurers may also have different pricing structures.
Also, it’s important to get your declared values right when obtaining a quote for business interruption insurance. This will ensure you only pay what you need to.
SME stands for small-to-medium enterprise. Sole traders and small-to-medium-sized companies all fall into this category.
For these businesses, even a short period of downtime can be devastating in the long term. That’s why we strongly recommend business interruption insurance for all SMEs.
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.
