Manufacturing + Industrial — NZ Commercial Property MDBI
Factories, warehouses, distribution facilities — large sum insured + significant BI.
Manufacturing MDBI runs the largest individual sums insured ($10M-$100M+) with significant plant & equipment + BI. Underwriting hinges on construction class (concrete/steel vs timber), sprinkler systems, and EQ-zone classification.
Risk classes for this industry
- Warehouse / industrial — Distribution + manufacturing facilities — building + stock + plant & equipment + business interruption.
FCIB panel for this industry
FCIB typically places business through: NZI , QBE , Zurich New Zealand , AIG .
Watch out for
- Building reinstatement cost MUST include current Building Code compliance + seismic strengthening — old buildings often under-insured.
- Stock value at the date-of-loss must match the declared value — significant under-declaration triggers average clause.
- BI indemnity period needs to cover REBUILD + EQUIPMENT-REPLACEMENT lead times (often 18-36 months for specialised equipment).
Side-by-side wording extract
NZI
NZI Commercial Property Material Damage
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Sublimits
Not on file.
Perils covered
Not on file.
QBE
QBE Material Damage & Business Interruption
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Sublimits
Not on file.
Perils covered
Not on file.
Zurich New Zealand
Zurich Material Damage
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Sublimits
Not on file.
Perils covered
Not on file.
AIG
AIG Steadfast Material Damage
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Sublimits
Not on file.
Perils covered
Not on file.
Delta Insurance
Delta NZ Property MDBI (March 2024)
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Sublimits
Not on file.
Perils covered
Not on file.
Dual New Zealand
DUAL New Zealand MDBI (04.22)
Sum insured basis
Not on file.
Natural disaster cover
Not on file.
BI indemnity period
Not on file.
Sublimits
Not on file.
Perils covered
Not on file.