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


Business interruption cover may expire on 22nd February

Media Release

Tuesday 21 February 2012

Business interruption cover may expire on 22nd February 2012 warns Insurance & Savings Ombudsman.

On the first anniversary of Christchurch’s February earthquake, the Insurance & Savings Ombudsman (ISO), Karen Stevens, is reminding Christchurch business owners to check their insurance policies. “Consumers can’t change the insurance they now have, but they can avoid any nasty surprises by finding out how long their business interruption cover will be in place.”

ISO’s Earthquake Response Manager, Iain Opray says, “The 22nd of February 2012 should serve as a reminder to business owners about the expiry of their business interruption indemnity period. While many policies provide cover for up to 12 months, some may provide cover for 18 months. If you aren’t sure if your business interruption is covered after the 22nd of February this year, contact your insurer,” he advises.

Iain Opray leads the Earthquake Response Team set up last year by the ISO in preparation for more demand on its disputes resolution service – in particular, as a place to turn to for insurance disputes. Iain has 50 years’ of knowledge and experience of the insurance industry, including 15 years’ of complaint handling experience with the ISO Office.

Following the February quake, the ISO set up a dedicated service on its freephone (0800 888 202) for people affected by the earthquakes. “This has proven an invaluable service,” says Iain. “Anyone can call our 0800 number, and talk to us about issues they have experienced with their insurer as a result of the earthquakes. It’s a really useful information service and it’s free. It’s also an important part of our role as an impartial and independent dispute resolution provider”, Iain explains, “as we’re able to provide information and guidance to help people resolve issues with their insurers themselves.”

Recognising the need for more consumer information about earthquake-related insurance, the ISO has added a dedicated earthquake page to its website It includes case studies of earthquake-related insurance complaints resolved by the ISO, examples of FAQs received through the ISO’s earthquake enquiries freephone service (0800 888 202), together with consumer factsheets and news articles.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Consents Remain At Record Levels
There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today. "The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said... More>>

Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>

REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>