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Healthcare + Aged Care — NZ Commercial Property

Medical practices, dental clinics, aged-care facilities — equipment + business interruption + regulatory compliance.

Healthcare MDBI covers specialised medical equipment (often $500k+ per item), refrigerated stock (vaccines, medication), and high BI sensitivity (patient continuity). Aged-care facilities add resident-property cover + Health & Safety at Work Act (HSWA) compliance pressure. Continuity is regulatorily mandated — BI indemnity period needs to cover relocation + reinstatement.

FCIB panel for this risk class

For this risk class, FCIB typically places business through: NZI , QBE , Delta Insurance .

What matters in the wording

Relevant fact keys for this risk class:

  • sum_insured_basis — Sum insured basis
  • sublimits — Sublimits
  • perils_covered — Perils covered
  • indemnity_period — BI indemnity period
  • uninsured_working_expenses — Uninsured working expenses

Watch out for

  • Specialised medical equipment often needs ITEM-LEVEL valuation + sublimit — generic plant & equipment sum insured may not cover replacement cost.
  • Refrigerated stock (vaccines, biologics) needs temperature-monitoring condition — failure-to-monitor can void cover.
  • Aged-care BI must cover RELOCATION costs not just rebuild — Health & Safety compliance + continuity requirements 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.

Perils covered

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.

Perils covered

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.

Perils covered

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.

Perils covered

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.

Perils covered

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.

Perils covered

Not on file.

BI indemnity period

Not on file.

Uninsured working expenses

Not on file.