All cover · Combined liability package
NZI vs Vero — Combined liability package
Most NZ commercial insurers offer a combined liability package (NZI LiabilityOne, Delta GEL Package, Vero Combined Broadform). A single schedule, three coverage sections — but the limits and exclusions on each module aren't identical to the standalone equivalents.
NZI
IAG New Zealand Limited (NZI brand)
Wording on file: NZI LiabilityOne
Effective: 2023-01-01
Tier D (blocked) FCIB panel
Vero
Vero Insurance New Zealand Limited
Wording on file: Vero Combined Broadform / Employers / Statutory Liability
Effective: 2024-07-01
Tier B (stale) Off-panel
Side-by-side fact comparison
Each row is a fact-key from the Combined liability package wording. "Not on file" means either the wording doesn't address that fact, or Phase C structured-facts extraction hasn't been run yet on this insurer's wording.
| Fact | NZI | Vero |
|---|---|---|
| modules included | [ "Public Liability", "Employers Liability", "Directors and Officers", "Statutory Liability", "Prosecution Legal Expenses", "Crime", "Consequential Loss" ] | Not on file |
| limit of indemnity per module | Not on file | Not on file |
| aggregate or separate limits | Not on file | Not on file |
| key exclusions | Not on file | [ "Communicable disease", "Computer systems", "Confiscation", "Data", "Radioactivity", "Terrorism", "Unlawful to insure", "War", "Aerial device products", "Asbestos", "Building defects and mould", "Defective work", "Employees and Accident Compensation Act", "Fines and penalties", "Fraudulent or criminal intent", "Intentional or reckless acts", "Liability under agreement", "Loss of use", "Pollutants", "Product repair or replacement", "Professional duty", "Property in care, custody or control", "Underground services", "Vehicles", "Vibration or weakening of support", "Watercraft and aircraft", "Accident Compensation Act cover (Employers Liability)", "Deliberate or wilful non-compliance (Employers Liability)", "Employment contract (Employers Liability)", "HSE notices (Employers Liability)", "Prior claims and known circumstances (Employers Liability)", "Prior injury (Employers Liability)", "Third party exclusion (Employers Liability)" ] |
| crime module | Covers the insured for loss arising from theft by an employee and criminal acts perpetrated by a third party. | Not on file |
| statutory module | Provides cover for liability and associated legal costs arising out of unintentional breaches of most New Zealand statutes affecting commercial businesses. | Not on file |
| first party costs covered | [ "direct costs" ] | Not on file |
| third party costs covered | [ "claims from third parties", "expenses with defending Cyber claims, such as legal costs" ] | Not on file |
| products liability bundled | Included within Public Liability: 'Provides cover for legal liability and associated legal costs, should a business, its employees or products cause third party property damage or personal injury.' | Products liability is included within the broadform liability section. The limit of indemnity applies to any one period of insurance for all claims in respect of products. |
| employment practices extension | Optional Extra: 'Employment Disputes' covers the insured for defence costs and any compensation payable as a result of a claim by an employee for an employment grievance. | Not on file |
| business interruption inclusion | Covers the insured against financial loss following a business interruption event which is a result of a claim covered under the Public Liability, Statutory Liability or Employers Liability policy. | Not on file |
| territory | Not on file | happening within the geographical limits during the period of insurance |
| jurisdiction | Not on file | This insurance will not apply to any judgement delivered by a court outside New Zealand (or any judgement, registration or order obtained in New Zealand to enforce that same judgement) where the persons insured are represented in a country outside New Zealand by or through any: (a) branch; (b) trading division; (c) subsidiary; (d) associated company or companies; or (e) employee or company holding a power of attorney on behalf of any of the persons insured. |
| hswa handling | Not on file | The reparation automatic extension explicitly excludes reparation arising from prosecution of an offence under the Health and Safety at Work Act 2015. Employers Liability exclusion 6 (HSE notices) excludes any claim arising directly or indirectly out of any failure by you to comply with any improvement, prohibition or suspension notice issued under the Health and Safety at Work Act 2015. |
| acc interaction | Not on file | Broadform liability exclusion 5 excludes personal injury where the personal injury falls within the scope of cover provided by the Accident Compensation Act 2001 (or any replacement Act) and any subsequent amendments or any liability imposed by the provisions of any workers compensation legislation or any accident compensation legislation or any industrial award or agreement or determination, or would fall within the scope of cover but for a failure by the victim to correctly notify a claim to the Accident Compensation Corporation or the decision of any authority to decline a claim. Employers liability exclusion 1 excludes compensation for personal injury in respect of which the claimant is entitled to compensation to any extent under the Accident Compensation Act 2001, or would be so entitled had a claim been lodged under such Acts, or if you were not an exempt employer under such Acts. |
| aggregation basis | Not on file | one occurrence or series of occurrences as a result of or attributable to one source or original cause; any one period of insurance for all claims in respect of products; any one period of insurance for all claims in respect of releases of pollutants |
| efficacy exclusion | Not on file | Optional endorsement PLB522 (Non-efficacy): We will not cover you under this section for your legal liability for personal injury or damage to property directly or indirectly caused by or alleged to be caused by the failure of any products manufactured or supplied by any of the persons insured to correctly perform their intended function. Optional endorsement PLB523 (Non-efficacy installation): We will not cover you under this section for your legal liability for personal injury or damage to property directly or indirectly caused by or alleged to be caused by the failure of any products installed, serviced or repaired by any of the persons insured to correctly perform their intended function where the failure arises from such installation, servicing or repair. |
| claims made trigger | Not on file | you first become aware of the claim during the period of insurance; and the claim is notified to us during the period of insurance or within 30 days after the end of the period of insurance; and the personal injury occurred on or after the retroactive date. |
| automatic extensions | Not on file | [ "Business Advice or Service", "Compensation for court appearance", "Defamation", "Employees personal effects", "Exemplary damages", "Fire risk work away", "Goods on hook", "Indemnity to landlord", "Innkeeper's Act", "Landlord's liability", "Lost keys and access control devices", "Mechanical plant and machinery", "Motor and watercraft repair", "Product recall", "Property in care, custody or control", "Reparation", "Tenant's liability", "Vibration or weakening of support", "Advancement of defence costs (Employers Liability)", "Continuous cover (Employers Liability)" ] |
| recall cost handling | Not on file | Automatic extension 14 (Product recall): We will contribute to those costs you are legally liable to pay for physically recalling or withdrawing products that have already given rise to a claim covered by the broadform liability section of this policy, if we agree that such recall or withdrawal is necessary to prevent similar claim arising. Our contribution will be limited to 80% of the costs in excess of the first $2,500. Subject to a maximum contribution by us of $100,000 in respect of all such costs incurred in respect of all such recalls or withdrawals in any one period of insurance unless an alternative limit is shown in the schedule. |
| run off availability | Not on file | Claims must be notified to us during the period of insurance or within 30 days after the end of the period of insurance. |
| gradual process handling | Not on file | Employers Liability: personal injury must have occurred on or after the retroactive date; claims made basis applies. Broadform: exclusion 3 (Building defects and mould) excludes the action or effects of micro-organisms, mould, fungi, mildew, rot, decay, gradual deterioration, bacteria, protozoa or any similar or like forms. Pollutants exclusion requires an identifiable and sudden accidental and unexpected release. |
| fines insurable acts list | Not on file | [ "Health and Safety at Work Act 2015", "Accident Compensation Act 2001", "Sentencing Act", "Innkeepers Act 1962", "Law Reform Act 1936" ] |
| reparation orders covered | Not on file | Notwithstanding exclusion 6 (Fines and penalties) of this broadform liability section, we will cover you for your legal liability to pay an award of reparation in respect of personal injury or damage to property happening within the geographical limits during the period of insurance as a result of an occurrence in connection with the business. Our liability for Sentencing Act reparation claims will not exceed the limit of indemnity shown in the schedule or $10,000,000, whichever is the lesser. This extension does not cover reparation arising from prosecution of an offence under the Health and Safety at Work Act 2015 (or any replacement Act) and any subsequent amendments. Cover for defence costs does not apply to a claim under this extension. |
| retroactive date handling | Not on file | The personal injury must have occurred on or after the retroactive date shown in the schedule. Exclusion 9 (Prior injury) excludes any personal injury sustained before the retroactive date shown in the schedule. The continuous cover extension provides that where you first became aware of any claim after the continuity date and before the period of insurance, and you do not notify us until during the period of insurance, we will accept notification provided we have continuously been your employers liability insurer from and after the continuity date. |
| investigation costs covered | Not on file | Defence costs are covered for any actual or threatened legal action against any of the persons insured, paid in addition to the applicable limit of indemnity under the broadform liability section. Under employers liability, we will advance defence costs to you as and when they are incurred before the final disposition of the claim. |
| contractual liability extension | Not on file | Exclusion 9 (Liability under agreement) of the broadform liability section excludes liability arising out of or in connection with liability assumed under an agreement unless such liability (a) would have attached in the absence of such agreement; (b) is assumed by any of the persons insured under a warranty of fitness or quality, or is implied by law, in respect of products. Automatic extension 8 (Indemnity to landlord) provides cover notwithstanding exclusion 9 for liability under a lease agreement to indemnify your lessor against third party actions. |
| occurrence basis vs claims made | Not on file | mixed |
| defence costs in or outside limit | Not on file | mixed |
| products liability specific exclusions | Not on file | [ "Aerial device products (exclusion 1)", "Asbestos (exclusion 2)", "Defective work - cost of performing, completing, correcting or improving work (exclusion 4)", "Product repair or replacement - cost of recalling, withdrawing, replacing or repairing products (exclusion 12)", "Non-efficacy PLB522 (optional)", "Non-efficacy installation PLB523 (optional)", "Faulty packing PLB524 (optional)", "Advice design, formula or specification exclusion PLB525 (optional)", "Additive products PLB500 (optional)", "Concrete products PLB504 (optional)", "Computer services PLB535 (optional)", "Genetic modification PLB539 (optional)" ] |