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Consequential loss insurance
Consequential loss insurance for liability claims
Liability consequential loss cover protects against financial losses following a business interruption that has happened as a result of a liability insurance claim. This cover is usually offered as an extension to public liability, statutory and employers’ liability insurance policies.
Contact one of our brokers today for advice on cover that can compensate for loss of income and additional costs if your business can’t operate due to a claim.
What is consequential loss insurance?
Consequential loss insurance covers financial losses that result indirectly from a liability claim — for example, lost income if your business can’t operate due to a public liability, statutory liability or employers’ liability event. It helps protect against the ripple effects of disruptions beyond the immediate claim itself. For many business owners, these indirect losses can be just as significant as the original liability event.
What liability consequential loss covers
Liability consequential loss covers loss from interruption or interference with your business following:
- an occurrence under the General Liability section
- an event under the Statutory Liability section
- a claim under the Employers Liability section
Cover is typically available for up to 12 months from the time of interruption or interference, helping you recover lost business income resulting from a covered liability claim.
Liability consequential loss insurance is generally offered as an optional extension to business liability insurance and helps protect your business revenue against unexpected business interruptions or other situations that may affect your operations.
Talk to one of our brokers today about a liability package that includes business interruption insurance and other insurance policies tailored to meet your business's needs.
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Liability solutions
Public liability insurance
Public liability cover protects your business in the event of claims made by the public in connection with your business activities.
Statutory liability
Statutory liability insurance can protect businesses against certain unintentional breaches of NZ legislation.
Employer's liability
Employers liability protects employers against claims brought by employees who have sustained a personal injury not covered by ACC.
Professional indemnity
Professional indemnity insurance is designed to cover professionals who provide advice.
Directors and officers liability
Director’s and officer's insurance protects your executives and board from personal financial risk.
Employment disputes
Employment disputes insurance protects employers against personal grievance claims brought by past or present employees.
Product liability
Product liability cover protects against claims of personal injury or property damage caused by a business.
Crime and fidelity
Crime and fidelity insurance protects organisations from losses arising from dishonest acts committed by employees.
Trustees liability
Trustees liability insurance protects trustees from personal liability while carrying out duties performed for the trust.
Liability consequential loss
Responds to financial losses suffered by a business following a business interruption that's a result of a liability insurance claim.
Criminal defence legal costs
Provides cover for costs incurred in legal disputes brought against you, company officers and employers.
Internet liability
Internet liability insurance provides specialist protection often not included in general liability insurance coverage.