We are pleased to announce that on the 1^st of April 2022, Crème Insurance officially became a member of NZbrokers.   

In July we announced the formation of the NZbrokers Foundation. Today, we're proud to announce the foundation's first charity partnership with Orange Sky. 

BMS Risk Solutions Ltd. joins NZbrokers 

An insurance policy is essentially a product that you buy either directly from an insurer or through a broker. Faced with a hefty policy document and unfamiliar insurance definitions, it can be daunting trying to make sense of it. Like any product that you purchase, it’s important to understand exactly what it is that you are buying.

Insurance is one of those things that you don’t think you need until you do. Take Peter for example. He met a broker at a dinner party one evening and got talking about whether life insurance was really worth it. After all, Peter was only 42 and his wife and two kids were in a financially stable situation. Peter was the main income earner and his wife was working part time.

If a business is dependent on an individual for the success of the company, then Key Person Insurance is worth considering.

A Key Person is someone who is essential to the company, for example, a member of the Senior Management team such as a CEO or CFO, or a top salesperson responsible for generating lucrative contracts for the business. It could also be the owner of a small business who has a key role to play in day-to-day management and administration.

Dear client,

Sometimes it can be difficult weighing up whether to use a broker for your insurance requirements or to go direct through an Insurance company. Having worked for both, here are some personal insights into the advocacy benefits that as your broker I can deliver, and that can’t be matched by a direct insurer.

Embarking on an overseas trip of a lifetime or simply travelling around New Zealand in a rental car or campervan is something most of us aspire to do.

With the disruption to international travel caused by the COVID-19 pandemic, the re-opening of borders between New Zealand and Australia plus Rarotonga has been welcomed by many Kiwis as an opportunity to reconnect with friends and family. As more international borders start to re-open, the prospect of taking that long-awaited Pacific cruise or holiday abroad is on the horizon so now’s the time to consider what travel insurance you will need.

Having an income protection insurance policy is really important if you are the main income earner in your household or would struggle to meet your monthly financial commitments in the event that you were unable to work for an extended period of time.

Consulting an insurance broker to help you with your personal and/or business insurance requirements has many benefits. Your broker will take the time to get to know you personally, answer your questions about what insurance options are best suited to your needs, and be a strong advocate in ensuring you get the right cover for the right price through their industry relationships with multiple Insurers.

As any boatie would know, boats can often be very expensive assets to own so it’s important to have boat insurance. The risk of having an accident while out on the water or while transporting your boat can prove costly both in repairs and/or replacement and in liability costs in the event that you damage someone else’s property or cause injury to a third party.

Any business that uses vehicles for commercial purposes should have a Commercial Motor insurance policy. This is to provide crucial loss and liability cover in the event that the vehicle is damaged, stolen or involved in an accident resulting in damage or injury to a third party that may not be covered by ACC.

Professional indemnity insurance is an important component of risk protection for businesses that provide services or expert advice. It provides an “errors & omissions” cover in the event that you or your staff are accused of negligence or professional misconduct in the delivery of services that you provide, or the advice that you impart to your clients.

If you are a landlord renting out your property to tenants, having a comprehensive house insurance policy in place that states that your house is being tenanted will ensure that your financial investment is protected against a wide range of risk factors.

Any business that uses any kind of technology for its operations, for example computers, websites, emails, phone systems etc. could face potential cyber risks. In today’s digital world this means that everyone is likely to have some level of exposure including businesses in hospitality and retail that rely on technology to offer electronic payments via their EFTPOS machines to customers.

Every business that relies on their physical premises in order to work should have Business Interruption insurance to cover a potential loss of profit if their work premise or assets are damaged by an insurable event.

Public Liability insurance is extremely important for all businesses to have and even more so if your business interacts at all with customers and/or the public. This includes either at your business premises, when undertaking work at a client’s site, or when working in or on a building owned by somebody else.

Landlords should ensure they have a comprehensive house policy in place, to protect the property whilst it is rented out. Damage could occur to their rental property either by their tenants or by situations out of their control, for example a natural disaster such as a flood or a fire.

If you are renting, then it’s important that you have contents insurance to minimise the risk of personal liability for damage to the property and to ensure your personal belongings are covered in the event that they are stolen, lost or damaged.

Having contents insurance is important to think about, whether you own your own home, are renting, have a holiday home or are a landlord offering tenants the use of your personal items.