Running your own business is a dream for many Kiwis, but it can be a daunting endeavour in reality. If you're in business, whether big and nationwide or small local, you can protect yourself from any legal liability risks you face with liability insurance. Legal costs are a real risk and have great potential to cause you unnecessary hardship or in the worst case scenario, bring your business down entirely. With a liability insurance package from Hood Insurance Brokers, we can protect you from that risk.
Liability Insurance will generally cover you from the costs legislated against you by the courts, as well as legal costs associated with defending yourself in court. There are a number of liability insurance options, so don't hesitate to get in contact and we can decide together what's right for you. A selection of possible options follows:
The most comprehensive type of liability insurance. With
broad liability insurance in place, you will be protected
from accidental injury caused to a third party, as well as
any damage done to their property. You will also be covered
for judgements rendered against you by a court of law, all
of your legal costs and expenses and out of court
settlements, including any legal investigation and defense
A less comprehensive form of liability insurance that will protect you from fines, court judgements and unintentional breaches of laws. It will also cover your legal costs as outlined above. However, a statutory liability insurance policy will not protect against things such as accidental injury to a third party of their possessions, for which you will need a broadform policy.
A highly recommended and useful form of insurance if you own a business that has employees. If any of your employees are injured in a workplace accident or bring a case against you in a court, this policy will help pay your legal defense fees where it is not covered by the ACC.
If you require any one, or a combination of these liability insurances, we can design a package for you that will fit your needs at the most competitive price. We also offer you unmatched support including a support staff on hand for any form of assistance you need, as well as claims management during your most stressful times. Don't hesitate to contact Hood Insurance Brokers for more information anytime. We'd be proud to go to work for you and secure you the secure protection that you deserve.
With liability cover, there can be a number of exclusions, as well as automatic and optional additions. To read an example of a typical Broadform Liability policy (your policy may differ, this is offered as a general outline only) courtesy of NZI, click here. For Statutory Liability, click here. For Employers Liability, click here.