Clarity Products & Services

Having adequate general insurance cover is one of the most fundamental parts of being in business, as it provides invaluable protection against a range of risk events – from equipment and assets to legal liability – reducing financial uncertainty and protecting your livelihood and that of your workforce. Insurance companies provide a wide variety of general business insurance policies so it’s essential to get the right one for your needs.

This specialised area of insurance covers liability arising from the ‘professional services’ provided by a business. Importantly, as the nature of modern business continues to change rapidly it’s no longer only for traditional occupations such as Engineers, Accountants, Doctors, Lawyers, Architects and Insurance Brokers.

If you have a small to medium sized private company, you could be protected by a policy that covers claims from a wide range of management liabilities, such as; directors and officers liability, company reimbursement, company liability and employment practice liability.

A must if you have one or more business premises, property insurance provides financial protection in the event they are damaged or destroyed in a one-off event.

One of the more common types of business cover, motor/vehicle insurance protects your business fleet against costs arising from theft and accidents. Your policy can be tailored to include a range of commercial vehicles from cars and motorbikes to vans, trucks and even buses and heavy motor vehicles.

For most New Zealanders the family home is the largest asset they’ll ever own. This means it’s essential to protect it now with the right insurance cover. After all, no one wants to discover they’re inadequately insured when it’s too late.

In the past two decades the global proliferation of digital technology, and unscrupulous figures seeking to exploit it, has seen cyber risk become one of the leading risk factors for businesses.

From your family and employees to customers and suppliers, there are a lot of people who are dependent on your business. Given this, have you ever considered what would happen if you were unable to operate due to crucial assets being damaged or destroyed by a major event like fire, flood, significant storm damage or an earthquake?

Marine Insurance is designed to provide peace of mind, whether you have a pleasure craft that requires insurance or if you are moving cargo across water, land or air. Marine transit cover provides point-to-point coverage between your premises and those of your customers.

If you have mobile plant and equipment, we can arrange to ensure this plant and equipment is properly insured to protect both the equipment but importantly also the liabilities associated with its use. This product is designed to cover everything from the smallest of earthmoving machines though to the largest fixed or mobile cranes – and everything in between.

Body Corporate Insurance offers you peace of mind by providing liability cover in the event people are injured on common property. Typically, it includes cover for lifts, pools, car parks, stairwells, gardens, wiring, balconies, walls, windows, ceilings and floors.

You need Contract Works Insurance in place before a peg is put into the ground. Many things can go wrong where building works are involved, whether that be at excavation or even completion stage of any project. This insurance is designed specially to provide cover against any physical damage as well as loss of building materials, fire and malicious damage.

Despite your best intentions sometimes accidents still happen. Today’s businesses are exposed to an ever-growing list of legal liabilities.

Employers can insure for employment disputes insurance for damage claims in the event of alleged breaches of employment agreements, wrongful termination, discrimination, personal grievances and other unfair or illegal employment practices under the Employment Relations Act. The expense of such claims, including awards, settlements, and defence costs is covered by employment disputes insurance.

Risk retention is the practice of setting up a self-insurance reserve fund to pay for losses as they occur, rather than shifting the risk to an insurer or using hedging instruments. A large excess or deductible on an insurance policy is also a form of risk retention. An analysis on your company’s financials can be performed using a global standard to calculate your risk bearing capacity as a result of unbudgeted losses. This can be expressed on both an aggressive and conservative modelling.

Risk management is a critical part of providing sound governance that touches all the organisation’s activities. Management typically uses a risk management framework to conduct the assessment and document the assessment results. Risk workshops form a critical component of this framework allowing the senior management team to review key risks and the controls in place, quantify the risks (frequency and severity) to display them in a heat map with recommendations for improvements.

Premium funding allows an organisation to pay its premiums over monthly instalments which can greatly assist with cash flow. For larger premiums, organisation’s can assess the cost of premium funding against the working capital return they would generate by holding onto their premium on a diminishing basis. This important analysis allows the correct decision to be made around premium funding.