Commercial Property Managers

Commercial Property Managers are always busy, from operations to regulations, you’ve got plenty on your plate. Our extensive range of cover, along with the NZI Risk Solutions programme, provides expert protection and advice.

NZI Risk Solutions

Why NZI for your insurance?

We understand that every business is different so we work closely with brokers to create solutions that fit your specific needs. We can give you peace of mind through our cover, benefits and thorough claims service.

  • Expert risk management advice
  • Cover for developments; from planning through to completion
  • Right cover for the right price
  • Wide range of cover
  • Proven experience insuring Commercial Property Managers

Insurance you may need

Material Damage

Provides cover for buildings that you own, contents, stock, and equipment against accidental loss or damage that occurs at your premises.

Business Interruption

Protects you from loss of revenue, profit, or rents if your property is damaged and can help keep your business financially stable.

Construction

Our policies offer wide-reaching cover that will help to keep you protected, so you can get on with the job at hand.

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Liability

Today’s complex commercial property regulations mean you need more protection than ever before. Businesses have a range of statutory obligations and having the right package of liability covers in place can help deal with the costs of legal action.

Learn more

How do I get this cover?

We work with a network of trusted insurance brokers to provide our customers with specialist expertise, support and cover. Ask your broker about what NZI can do for you.

Find a broker

Frequently asked questions

Sum Insured - what does it mean?

Your ‘Sum Insured’ is the total cost of replacing everything insured under your policy. As the policy holder you decide on the amount of your Sum Insured. It is important to consider that the costs to replace assets can increase over time, so you want to ensure your Sum Insured amount is regularly reviewed to reflect this.

As a Property Manager, what risks do I need to be aware of?

It’s important to consider and manage the following risk areas:

  • Fire safety: The leading causes of insurable losses as a result of fire are Electrical malfunction, hot work (welding, grinding, flame cutting), and contact with hot surfaces
  • Security
  • Health and safety
  • Telecommunications and IT systems
  • Environmental hazardous substances
  • Electrical safety
  • Deep fryer cooking (for those in the hospitality sector)
  • General housekeeping (maintenance, cleaning etc.)
  • Smoking on-site
  • Waste management

For more information check out our Risk Management Guide or talk to a broker.

What do I need to consider as part of a major loss?

The cost of a major loss incident is not only the direct loss or damage, but also the time spent dealing with the aftermath. A loss can cause disruption to work schedules, loss of income as well as impacts on your business reputation. You may face demolition, consent, relocation and temporary make safe costs, as well as rebuild fees.

What could affect my premium?

  1. Environmental events
  2. Storage of combustible materials
  3. Performing high hazard processes
  4. Having security / fire fighting equipment

How to determine the level of risk in your business

We recommend you start by analysing your business and listing known risks, it can help to consider:

  • What are the common or likely risks that could impact your business?
  • How likely is it to happen?
  • How would you cope?
  • How would it affect your staff, customers, suppliers, property, IT systems and processes?
  • Is there anything you can do to prevent or minimise the risk of it happening?
  • How much can you afford to lose if you can’t run your business for hours/days/weeks/months?

For more information check out our Risk Management Guide.