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Important announcement re 2018 – 2019 AON Indemnity insurance premiums

2018 AON Indemnity Insurance Premium increase 

 AON our insurance brokers have advised us that over the last few years the liability insurance market has hardened with Insurers requiring a mandatory 5% increase in premiums for open market placements.  For full information click on the Insurance link to the right. The change is a result of high frequency and high cost claims arising from Earthquake and flooding perils within New Zealand.  The costs associated with these claims have filtered through to the liability market.  Unfortunately the change has now begun to impact on scheme business and this has resulted in an increase in premiums as follows: 

Limit of Indemnity $500,000 has increased from $140.75 to $163.75

Limit of Indemnity $1,000,000 has increased from $169.50 to $192.50

Limit of Indemnity $2,000,000 has increased from $192.50 to $221.25

Students Limit of Indemnity $500,000 has increased from $57.50 to $143.75

Please click the links below to download Indemnity Insurance Summary of Cover and Application form.

AON Insurance Summary of Cover 2018-2019

AON Indemnity Insurance Form 2018-2019

For further details regarding your insurance please contact —

Lisa Bryant | Account Executive
Aon New Zealand | Professional Risks
Level 3, 1 Willis Street Wellington 6011

t: +64 04 819 4080 | f: +64 04 819 4106
e: [email protected] | www.aon.co.nz