Education + Childcare — NZ Commercial Property MDBI
Schools, private education, daycares — building + outdoor improvements + BI from term-interruption.
Education MDBI includes classroom equipment, IT, outdoor improvements (playgrounds, sports facilities), and BI sensitive to academic-term cycles. Childcare adds child-safety equipment + HSWA compliance.
Risk classes for this industry
- Healthcare / aged care — Medical practices, dental clinics, aged-care facilities — equipment + business interruption + regulatory compliance.
- Office tenant — SMEs occupying office space — IT equipment, contents, professional liability, business interruption.
FCIB panel for this industry
FCIB typically places business through: NZI , QBE , Delta Insurance .
Watch out for
- Outdoor playground / sports equipment often has separate sublimits — confirm declared values match replacement cost.
- BI indemnity period needs to cover full academic-year interruption (commonly 18+ months) — many wordings default to 12 months.
- Childcare facilities have stricter HSWA + Ministry of Education compliance — relocation costs need explicit BI inclusion.
Side-by-side wording extract
NZI
NZI Commercial Property Material Damage
Sum insured basis
Not on file.
Sublimits
Not on file.
BI indemnity period
Not on file.
Natural disaster cover
Not on file.
QBE
QBE Material Damage & Business Interruption
Sum insured basis
Not on file.
Sublimits
Not on file.
BI indemnity period
Not on file.
Natural disaster cover
Not on file.
Delta Insurance
Delta NZ Property MDBI (March 2024)
Sum insured basis
Not on file.
Sublimits
Not on file.
BI indemnity period
Not on file.
Natural disaster cover
Not on file.
Dual New Zealand
DUAL New Zealand MDBI (04.22)
Sum insured basis
Not on file.
Sublimits
Not on file.
BI indemnity period
Not on file.
Natural disaster cover
Not on file.
Zurich New Zealand
Zurich Material Damage
Sum insured basis
Not on file.
Sublimits
Not on file.
BI indemnity period
Not on file.
Natural disaster cover
Not on file.
AIG
AIG Steadfast Material Damage
Sum insured basis
Not on file.
Sublimits
Not on file.
BI indemnity period
Not on file.
Natural disaster cover
Not on file.