Our availability and services
Our efforts as a nation to contain Covid-19 will affect New Zealanders in different ways.
We want to reassure you that we are here to help you manage your risks so you can concentrate on looking after yourself, your loved ones and your business.
This is an unprecedented situation and we recommend you keep informed with information from reliable sources, like the government site: https://covid19.govt.nz/, which has everything you need to know about COVID-19, all in one place.
Please be assured, Capital Risk Solutions has robust business continuity plans in place, and we are working to ensure we can provide continuous service to you, our customers.
Engaging with us
We have full capability to work remotely and as such to continue to deliver services to you, however; email will the best method of contact during this time due to restrictions in the cell network locally.
How insurance responds
We are being asked by clients if they are covered for losses linked to the virus. General insurance is unlikely to provide protection against losses linked to the Global Pandemic Covid-19. Our partners, LMI Group have put together informative papers you can reference. For more about Travel Insurance click here, for more about Business Interruption Insurance click here.
Please contact your broker for more on any other covers you have in place and are seeking clarity on.
Keeping you and your business protected
Whilst many businesses have either transitioned to work from home, or are closing up for a period of time, it’s still critical to ensure you are fully insured. As advisors we recommend that you keep your existing insurance in place, ensuring that you’re protected from losses now and in the future. Unfortunately, we are all still at risk of ‘normal’ events, like theft, storm or fire. Even if your income is lower during this period, there is still cover for many other aspects of your business. Please engage with us if you’d like to discuss your covers and situation.
How we can help you
Our team are here for you to discuss any questions you may have, including your current situation in light of the potential financial impact of Covid-19. Our primary focus is to ensure all our customers remain insured and therefore protected. We will continue to ensure all policies are renewed prior to the renewal date. We will also be looking at options to support the individual needs of clients as their business environment and requirements change.
Risk Mitigation is really important and we encourage you to look at Business Continuity Plans for your business, as well as other steps you can take help limit the impact.
Practical business advice
Frank Accounting have put together some helpful tips for preserving cash in your business, as well as some guidance on the government’s business support package, which you can access here.
To ease your cashflow, we do have monthly premium payment facilities available. Contact us to use this Solution.
Working from home or remotely
Following the government's announcement we will all be transitioning to Work From Home, or planning for this, here are some resources and considerations:
Laptop security: a short guide to laptop security can be accessed here. Please let us know if you’d like your broker to send through a summary of your covers for your portable equipment.
IT, Phishing emails and general security: sadly, times of crisis are seen as opportunities by criminals. Please be careful and exercise caution around any unsolicited contact made with you and your employees regarding Covid-19. When in doubt, check with the source, any legitimate organisation who is trying to contact you will understand your caution or need for verification. For more about work from home we encourage you to visit the Phew, Cyber Security Experts - website here, who have up to date information regarding free and almost free Work From Home tools available as well as considerations for working safely away from the office.
As always, our team are here to help you, if you have any other questions, please contact us.
Capital Risk Solutions