Industries

Gold Medal Vintage

Drawing on a deep understanding of industry complexities, we specifically designed Gold Medal Vintage Insurance to protect New Zealand wine businesses like yours, whether you run a large winery, are a label-only operation or work as a contract winemaker.

For more than 30 years, we’ve been delivering this suite of insurance products with a focus on first-rate service, so you can be assured your business is adequately protected.

Gold Medal Vintage Insurance policy covers

• Agreed value for grapes, bulk or bottled wine, including while in transit and export
• Contamination, spoilage and leakage
• Winery and vineyard buildings and equipment
• Vineyard poles, trellises, vines and ancillary property
• Bulk or finished wine temporarily stored at non-specified locations
• Machinery breakdown of vineyard and winery plant and equipment
• The increased cost of outsourcing winemaking and bottling or relabelling following a loss to your facilities​
• The value of the wine that would have been produced from grapes still on the vine following a loss to your facilities and where processing elsewhere is not an option​
• Loss of income for restaurant or cellar door sales and contract processing income​
• Liability arising from damage or injury to third parties and their property​
• Legal defence costs for unintentional breaches of a range of statutes, including prosecutions under Health and Safety, Resource Management and Fair Trading Acts​
• Product recall costs following accidental contamination, malicious tampering or product extortion​

For full details of the Gold Medal Vintage product, get in touch with Dan Szegota.

Crafting custom solutions for your brewing business

With extensive industry knowledge and a real appreciation for the art of brewing, we’re perfectly placed to create a bespoke risk management solution for your brewing business. Our policies take price fluctuations, contamination, machinery breakdowns and other brewer-specific risks into account – and we can customise your policy to include factors specific to your business.

Whether you’re managing a boutique brewery or a major beer producer, our in-depth knowledge and specialist coverage protects you against the unexpected.

Our exclusive brewer policies can include:

• Bulk or bottled beer or cider stock selling prices
• Boiler explosions
• Contamination and spoilage of beer or cider stock
• Spillage
• Machinery breakdown extensions
• Pre-agreed settlement for limited release or seasonal beer or cider losses
• Stock automatically covered at unspecified locations

To find out more about protecting your brewery with ICIB Brokerweb, talk to our team.

Helping your marine business weather any storm

Valuable cargo, adverse weather conditions, border delays – at ICIB Brokerweb, we understand the complexities associated with managing a business in the marine sector. That understanding, along with our deep knowledge of risk management, helped us create our specialist marine placement facility. It provides tailored insurance cover along with support services for your business, including advocating on your behalf if you need to make a claim.

With that reassurance, you can focus on day-to-day operations and long-term growth with the knowledge that your business will stay afloat, whatever happens.    

ICIB Brokerweb's Marine Placement Facility includes:

• Freight Forwarders Liability      ​
• Carriers Liability​
• Marine Cargo All Risks​
• Marina All Risks and Marina Liabilities
• Carriers Liability​
• Marine Cargo All Risks​
• Marina All Risks and Marina Liabilities​
• Ship Repairer's Liability​
• Charterers Liability​
• Ports and Stevedores​
• Commercial Hull and Machinery​
• Protection and Indemnity​
• Marine Construction Risks

Get in touch to create a custom risk protection plan for your marine business. 

Driving down risk in the rental vehicle industry

Renting vehicles to the public comes with inherent risks, from property damage to serious injury and death.  Drawing on our in-depth understanding of these risks, ICIB Brokerweb has developed a specialised policy in partnership with the Associated Rental Car company (ARCCO).  

The ARCCO scheme is designed to protect your business against not only the risks of vehicle rental, but the costs associated with insurance. The chief purpose of the scheme is full coverage insurance for member companies, with terms that are cost-competitive and stable year-on-year.

Joining the scheme gives you reassurance that your business will be able to protect itself with appropriate, affordable insurance for years to come.  

Find out whether ICIB Brokerweb's Vehicle Rental scheme is right for you by dropping us a line.

Risk reduction in the equipment hire space

From marquees and seating to scaffolding and construction vehicles, equipment hire comes with a unique and substantial risk profile. Damage, theft or loss of equipment can have a serious effect on your ability to stay in business. Running a successful equipment hire business requires broad insurance coverage to mitigate those risks and ensure you have the cash flow to carry on if anything goes wrong.

With that insight, ICIB Brokerweb has developed a specialised insurance facility for businesses in the equipment hire space. Available to HIANZ members only, it’s designed to protect your equipment and keep your business moving.  

The policy includes cover for:

• Full replacement value on non-vehicular hire equipment 
• Full replacement on all vehicular plant and motor vehicles up to 12 months old 
• Theft of plant or vehicle while out on hire, including theft by hirer 
• Theft without violent and forcible entry to or from secure premises 
• Automatic cover for vehicles or plant on short-term sub-hire 
• Weather damage for marquees 

Protect your equipment, protect your business. Talk to the team now.

Contracts, construction and protecting your property

Whether you’re a homeowner, a property investor, builder or business owner, building, renovating or extending your property can be expensive – and risky. It’s essential to have insurance in place to protect your property and your investment during the build. Contract works and construction insurance are designed to cover the risks of construction projects and should be organised before any work starts on-site.

Every construction project has the potential for problems at any stage – including unexpected issues at the excavation and foundation stage, delays with the construction itself,  building materials being stolen or weather causing damage. These can lead to additional costs for repairs or replacement, and to pay contractors to redo work.

At ICIB Brokerweb, we understand the insurance needs of major construction contracts, and our standard policies reflect those requirements. We can provide one-off policies for homeowners, or long-term policies for builders and other construction businesses.

Of course, if your project doesn’t fit the standard, we can create a tailored policy to fit.  

Standard policies include:

• Cover for all parties required to be insured by the construction contract – can include all contractors and sub-contractors
• Cover for additional costs following accidental loss – can include expediting, clean-up, debris removal and unexpected professional costs
• A provision to reduce the risk of under-insuring by allowing for an increase in costs during construction
• Cover for increased reconstruction costs after accidental loss or damage
• Cover for testing and commissioning of new plant and equipment

More types of construction contract:

Contract works – single project: 

This policy suits all types of one-off project – from homes and commercial buildings to civil works. It’s also a good choice for new construction projects and renovations. Single-project policies don’t include liability as standard, but we can arrange separate cover if needed.

Contract works – Erection all risks: 

This cover is designed to reduce the considerable risks associated with building or upgrading commercial plants and factories. The policy covers loss arising from erecting, installing and testing plant machinery and equipment.

Contract works – Annual:

An annual policy is ideal for builders working on multiple projects throughout the year. Rather than arranging separate cover for every new contract, all projects are covered by your existing policy. However, annual contracts only apply to new builds – if you are working on an existing building, the principal or owner will need to arrange their own cover.

Advanced Consequential Loss/Loss of profits

Delays to a construction project can cause significant problems – and significant additional costs. Any changes to the project timeline can set you back, delaying the date that a commercial project can start earning revenue. Many businesses do not protect themselves against this type of loss, often because they don’t take loss of anticipated income into account.

The advanced consequential loss section of your policy protects you against the revenue shortfall caused by delays to the start date of a planned commercial operation. It can also cover increased costs incurred to avoid or minimise this impact. The delay must be caused by physical loss or damage to a project, or an event insured under the contract works policy.

At the beginning of the project, the principal establishes a timeline and an estimated completion date. While this date may be modified during the project, there will always be a set date in mind.  If damage or loss forces a change in this completion date, the consequential loss cover can be used.

Find out more about all types of contract works cover by giving us a call.