QBE
QBE Material Damage & Business Interruption
Sum insured basis
Not on file.
Sublimits
Not on file.
Theft cover
Not on file.
BI indemnity period
Not on file.
Small Retailer — Single Mainstreet Shop
Owner-operator of a single mainstreet retail unit — stock + fitout + glass + 12-18mo BI.
You run a single retail shop (clothing / homewares / hospitality / specialty), lease the premises, and need cover on your stock + fitout + glass. Building structure is the landlord's. Theft + glass cover sublimits matter; BI indemnity period of 12-18 months handles most reinstatement scenarios.
FCIB panel for this scenario
For this operator profile, FCIB typically places business through: QBE , Zurich New Zealand , NZI .
What matters in the wording
For this scenario, the fact keys to compare across the ingested wordings are:
sum_insured_basis— Sum insured basissublimits— Sublimitstheft_cover— Theft coverindemnity_period— BI indemnity period
Watch out for
- Confirm glass + signage cover are included or sublimited adequately — high-street shops have frequent window damage.
- Theft sublimit cap matters most for high-value-stock retailers — electronics, jewellery need top-tier or separate Crime cover.
- Don't under-declare stock — average clause penalises reinstatement if declared value < actual at date-of-loss.
Side-by-side wording extract
Zurich New Zealand
Zurich Material Damage
Sum insured basis
Not on file.
Sublimits
Not on file.
Theft cover
Not on file.
BI indemnity period
Not on file.
NZI
NZI Commercial Property Material Damage
Sum insured basis
Not on file.
Sublimits
Not on file.
Theft cover
Not on file.
BI indemnity period
Not on file.
Delta Insurance
Delta NZ Property MDBI (March 2024)
Sum insured basis
Not on file.
Sublimits
Not on file.
Theft cover
Not on file.
BI indemnity period
Not on file.
Dual New Zealand
DUAL New Zealand MDBI (04.22)
Sum insured basis
Not on file.
Sublimits
Not on file.
Theft cover
Not on file.
BI indemnity period
Not on file.
AIG
AIG Steadfast Material Damage
Sum insured basis
Not on file.
Sublimits
Not on file.
Theft cover
Not on file.
BI indemnity period
Not on file.