Cyber Insurance

New Zealand’s insurance landscape has never been so complex, or so heavily scrutinised. Yet with so many insurers, policies, and choices – including an abundance of generic ‘direct’ insurance offers – it’s also never been harder to know which option is the best for you and your business. That’s why there’s never been a more important time to partner with a specialist Insurance Adviser who works for you.
Insurance Advisers are highly qualified insurance and risk management specialists. Just as you rely on your Solicitor for legal matters and your Accountant for financial advice, they act on your behalf to provide expert advice, insurance solutions and claims support to protect you and your business. An Insurance Adviser works closely with you to help you identify the risks that you or your business may be exposed to. They will then advise you on what risks should be insured against, and then if you agree, the adviser will canvass the insurance market to obtain the best insurance protection to meet your needs, at a competitive price.
An Adviser provides advice and explains clearly what your insurance covers, and what is not covered and will tailor an insurance programme best suited for your individual business needs. They act for the you and have a legal duty of care in the advice and products they provide.
New Zealand businesses are 97% less likely to have an insurance complaint when they work with an Insurance Adviser.
SOURCE: Fire & General Insurance complaints made to the Insurance & Financial Services Ombudsman (IFSO) Scheme between 1 July 2020 and 30 June 2021. 3,626 total complaints. 9 against Insurance Advisers. 199 against Direct Insurers.
Link to Insurance & Financial Services Ombudsman Annual Report 2021 here.
In a positive sign for industry growth, 41% of direct buyers would consider using a broker, up from 34% in 2020.
SOURCE: Vero 2021 SME Insurance Index found that 41% of direct buyers said that they would consider using a broker in the future, up from 34% in 2020.
Over half of businesses who are direct insurance buyers say they are now actively considering using an Insurance Adviser, up from 51% in 2018.
SOURCE: Vero 2021 SME Insurance Index found that 54% of surveyed SMEs had purchased their most recent insurance policy through a broker, compared to 51% from 2018.
Talk to your local Adviser to get advice about your insurance needs and to get a quote
From policy documents and claim forms, to the very latest Insurance industry insights and news from around the world, Insurance Advisernet produces a range of free downloadable brochures and reports each year that you may find useful.
Talk to your local Adviser to get advice about your insurance needs and to get a quote
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