PrivateEdge

PrivateEdge is designed to provide cover for a wide range of management liability exposures:

• Directors’ and Officers’ Liability: protections for the key decision makers against claims of wrongful management.
• Corporate Liability: Protection for the business from claims of wrongful management, plus coverage for the accidental death of a director, internet liability and PR costs to prevent damage to or restore business reputation in the event of a crisis.
• Employment Practices Liability (optional): protects the business from claims for wrongful dismissal or discrimination by past and present employee, customers or suppliers.
• Statutory Liability (optional): covers individuals and the business for costs associated with the unintentional breach of a New Zealand statute, including fines and penalties if these are insured.
• Employers’ Liability: covers personal injury not covered by ACC that is sustained by an employee during the course of their employment.
• Crime (optional): protects the business from losses related to fraudulent or dishonest activities carried out by employees or outside third parties.
• General Liability: protection for any legal liability arising from claims relating to bodily injury or property damage
• Miscellaneous Professional Indemnity (NEW): protection against third party claims for financial loss resulting from a breach of duty, misleading or deceptive conduct, infringement and defamation
• Cyber Liability (NEW): protection against claims for breaches of data security, personal and corporate information, contamination of third party data and denial of access
• Tax Audit and Review (NEW): cover for costs associated with a qualified accountant preparing a response to an IRD tax audit or review notice
• Kidnap, Ransom and Extortion (NEW): provides cover for reimbursement of ransom payments and response consultants engaged to manage a kidnap, hijack or extortion event
• Liability Consequential Loss (NEW): covers subsequent financial loss resulting from an indemnified claim made under the General Liability, Statutory Liability or Employers’ Liability sections
• Costs and Expenses Solution: allows for the advance of defense costs in the event a Section 9 charge for potential compensation.

Other Additional Benefits

• Crisis Event: protects the company against financial losses resulting from a wide range of crises, with PR assistance to rebuild brand reputation.
• Accidental Executive Death: covers financial losses brought about by the accidental death of a key executive.
• Superannuation Trustees Liability (optional): Cover for the trustees of superannuation plans against third party claims.