Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ's first free audit protection cover


Insurance broker offers NZ's first free audit protection cover


A Kiwi insurance brokerage firm is offering NZ's first free audit protection insurance, as part of an overall management liability package which will see businesses insured against any unexpected audits by the IRD.

Apex General Liability Manager Jonathon Gillham says that unexpected costs such as auditing can be a real setback for businesses, especially if they are on a tight end-of-year budget.

"It's the small-to-medium businesses that are often hardest hit by surprise outlays and essentially, that's what you have to plan for and protect against if you are a responsible business owner.

"We realise that many businesses don't do this and that's why we are now offering our clients free audit protection cover with our management liability insurance. This is basically a suite of policies that cover just about any major loss that a business can have - from employee theft to employee disputes," he says.

Gillham says more than 95% of Kiwi business owners choose to purchase general liability insurance, which takes a "one size fits all" approach to risk management.

While he says it's a good start, there are some big areas of exposure which those business owners won't have cover for.

"Most people will insure their house as a matter of course but what they don't realise is that the limited liability structure may not protect their personal assets, so they risk losing their house anyway if they don't buy adequate liability insurance for their business," says Gillham.

Gillham says they have negotiated an exclusive deal through a leading liability insurer so it won't be available through other brokers.

"As far as we know, no-one is offering this exact suite of policies - and we are the first insurance broker in NZ to throw in the audit protection cover for free. You can get it as a stand-alone policy through your accountants, but that is usually a very expensive option which many businesses might also not find out about until it's too late. Like with any insurance policy, you are getting peace of mind. IRD audits are fairly common, so it's actually a good cover to have for a rainy days," says Gillham.

Apex General's management liability insurance indemnifies for a range of business loss scenarios and is available now.

For more information visit www.apexgeneral.co.nz

Apex General Ltd. Head SHots of Staff . Auckland. 12th Sep.2012

-Ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news