Insurance

We have insurance advisors who can help you with risk covers (life, health etc) and fire and general, both personal and business.

We’ve also got dedicated claims staff to assist you in dealing with insurers on your behalf.

Get the right advice, talk to us today, often we can save you premiums, especially when we consolidate covers.

Risk Insurance

  • Life, health and trauma
  • Cancer cover for breast and prostrate
  • Kids cover
  • Income and mortgage protection
  • Key person and shareholder protection
  • ACC restructuring

Fire & General

  • House, contents, car and boats
  • Business plant and machinery
  • Business interruption
  • Public liability (all liability cover types)

Call us now on 0800 TRAUMA (872 862) or text ‘call me’ to 0272 872 862 for a call back.

Insurance

Insurance Definition

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.

A person or entity who buys this type of cover is known as an insured or as a policyholder. The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.

The insured receives a contract, called the policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the insured for the coverage set forth in the policy is called the premium. If the insured experiences a loss which is potentially covered by the policy, the insured submits a claim to the insurer for processing by their claims staff. The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risk, especially if the primary insurer deems the risk too large for it to carry.