Waivers - Be Careful What You Sign
Signing waivers and agreements can impact insurance coverage, particularly for New Zealand businesses. Accepting these conditions, especially in the current economic climate, may unknowingly weaken your position or invalidate your insurance. The article provides an in-depth analysis of how waivers can influence various types of insurance. Read more here.
Rising Cyber Vigilance in New zealand
The recent increase in cyberattack incidents in New Zealand has led to a heightened practice of online safety measures. However, despite a general trend towards more vigilant cyber practices, a portion of New Zealanders remain unconvinced about the personal risks associated with cyber threats. Read more here.
Understanding the EQCover claims process
After the Canterbury earthquakes in 2010 and 2011, an inquiry into how those claims were handled found that EQC wasn’t prepared for the magnitude of the events.
Subsequently, EQC claims are now managed by the insurers. Learn more about the claims process here
NEW RESIDENTIAL TENANCIES AMENDMENT ACT 2019 PASSED
On the 30th July, new tenancy legislation was passed which will affect landlords and tenants in a number of ways.
The RTA Act significantly impacts on the rights and obligations of both landlords and tenants in a number of areas. Read more here
mitigating the threat of cyber breach
The downloadable PDF displayed here features expert opinion from the Lloyds market regarding the threat of a cyber breach, and is a recommended read on what businesses can do to prepare for and mitigate an attack. While it is not possible to be 100% secure from a cyber-attack, there are a number of measures companies can take to reduce the risk of it happening - and to help ensure you minimise the consequences and recover more quickly should a breach occur. Insurance is part of this solution.
Please click the image to download
SURVEY SHOWS 24% OF DIRECTORS DON’T HAVE INSURANCE
Insurance Council of New Zealand - 16 August 2018
Recently, the Institute of Directors released a report which highlighted that 24% of executive and non-executive directors do not have directors’ and officers’ liability (D&O) insurance.
That is one in four directors who could have to meet damages, legal expenses, fines and costs incurred by their organisation from their own pocket, all because they don’t have the right insurance cover in place. To read the full article by the Insurance Council of New Zealand click here
Fines of up to £17m launched for uk firms with poor cyber-security
BBC News - 29 January 2018
Companies that fail to protect themselves effectively from cyber-attacks will face fines of up to £17m, the UK government has announced.
Energy, transport, water and health companies are expected to have 'the most robust safeguards'. Regulators will be able to inspect cyber-security at such companies, under a new government directive. To read more click here
