What are the Insurance Procedures I must follow?

Insurance Procedures Brokers New Zealand

Insurers provide insurance, set premiums, policy terms and conditions based on their perception of the risk.

They base their perception primarily on what you tell them and this information must not mislead them intentionally or unintentionally. If it does, your policy may be invalid.

As changes and developments can and do occur, the following list can be used as a guide on areas of activity which should be notified to your broker as they are proposed or occur, to ensure the appropriate steps can be taken to obtain adequate protection for you.

Remember this list is to be used as a guide only, so when in doubt, contact us for guidance.

    • Any change in your occupation, (either totally or simply adding a new source of income)
    • A driver of one of your company vehicles has driving convictions or health problems affecting their driving ability
    • Acquisition of new companies and/or joint ventures in which you become involved
    • Purchase, construction or occupancy of new premises
    • Alterations, vacation, temporary un-occupancy, extension or demolition of existing premises
    • Increase in values in excess of sums insured or declared limits
    • Removal of stock or equipment to new premises or locations
    • Purchase, hire, lease or borrowing of plant, equipment or motor vehicles
    • Contractual liabilities, including leases or hiring agreements, particularly any contracts which impose additional liabilities
    • Granting of indemnities or hold-harmless agreements
    • Changes in processes, occupancy, products or extension of business operations, including new products or processes
    • Proposed installation of computer, pressure vessels, lifting equipment or other plant and equipment
    • Alteration to or disconnection of fire or burglary protection systems
    • Use, charter or operation of aircraft or water craft (except for ordinary travel)
    • Financial dealings which create insurable or pecuniary interest by third parties
    • Significant changes to security, money handling or administration methods
    • Overseas developments involving the establishment of business, export of products or personnel movement or travel
    • Dishonesty related offences of staff or principals of the business
    • Threats made to your property
    • New information about a hazard (flood risk, earthquake risk etc)
    • Any risk control or safety device that is no longer operational (i.e. burglar alarm, fire sprinkler system etc)