Newsletter – Sept 2014
Welcome to our new quarterly newsletter, the object of our newsletter is to provide you with items of insurance interest and provide help with managing your insurances.
Please do not hesitate to contact me if you have any feedback (Dave Peters, contacts).
Material Damage and Business Interruption Renewal
We recently sent out notification of this renewal (due 31 December 2014). It takes us a few months of work to get everything into place in order to provide you with the best terms possible. Full explanation of the process can be found in the notices area of our website. We look forward to continuing to provide members with benefits at premiums not otherwise available.
Commercially sensitive policy details and other important information can be found in the members section of our website. If you have not received your member logon details please do not hesitate to contact me.
Meet your Board
Our Trustees are Don Baskerville, Alison Jephson, Robin Gunston and Don Shaw. Board members represent the constituent members of the Church and bring together a broad range of skills and experience (see About Us).
If you consider that you have a relevant skill or appropriate experience and would like to become a Board member then please do not hesitate to contact me.
We also have a Patron; Robin Nairn. Robin was previously a Anglican Church general secretary and had a major role in the establishment of AIB. Robin remains very involved in Church affairs.
Outlined below is timely advice from one of our Board members. September saw the anniversary of the 1st Christchurch earthquake and the discovery of yet another Wellington fault line. Trustee, Alison Jephson, is a Director of Anglican Living (Canterbury/ Westland) experienced the Christchurch earthquakes and has some advice when considering insurance covers:
1.”Start with a ‘worst case scenario’ when considering how much material damage and business interruption insurance cover you need. That will be different for everyone depending on whether your assets are all under one roof, or in one geographical location, or whether they are spread around different geographical locations.
2. Have your contact lists regularly updated (especially for staff numbers) and stored in multiple locations – computer based, mobile phones, hard copy.
3. Have mobile phone car chargers available for when there is no electricity.
4. Talk to someone who has had to make a claim under their Business Interruption cover so that you get a better understanding of how it works and what length of cover you need. Then you can make an informed decision about how much you are willing to pay for the cover. If you think it will take 12 months to get back on your feet, double or treble that in case of an event that affects the whole community, such as happened in Christchurch.
5. Be pedantic about the wording on your insurance schedule so that the cover and location accurately reflects what you have. The insurers and re-insurers will certainly be pedantic, and may take a different view from what you intended.
6. Don’t panic – ask for help!!!”