Healthcare Providers — NZ Commercial Property MDBI
Medical practices, dental clinics, aged-care + hospitals — equipment + refrigerated stock + BI.
Healthcare MDBI carries specialised medical-equipment risk (often $500k+ per item), refrigerated medication storage, and high BI sensitivity (patient continuity). Aged-care adds resident-property + HSWA compliance pressure.
Risk classes for this industry
- Healthcare / aged care — Medical practices, dental clinics, aged-care facilities — equipment + business interruption + regulatory compliance.
FCIB panel for this industry
FCIB typically places business through: NZI , QBE , Delta Insurance .
Watch out for
- Specialised medical equipment needs ITEM-LEVEL declaration — generic plant & equipment sum insured may not cover.
- Vaccine + biologic refrigeration needs temperature-monitoring + log condition.
- Aged-care BI must cover RELOCATION costs — Health & Safety continuity obligations drive longer indemnity periods.
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.
Uninsured working expenses
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.
Uninsured working expenses
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.
Uninsured working expenses
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.
Uninsured working expenses
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.
Uninsured working expenses
Not on file.
AIG
AIG Steadfast Material Damage
Sum insured basis
Not on file.
Sublimits
Not on file.
BI indemnity period
Not on file.
Uninsured working expenses
Not on file.