MENZSHED New Zealand, in association with Rothbury Insurance Brokers, have set up an insurance facility for member sheds to utilise. This consists of two major policy types, though other insurance can be provided on request.
(add comment about the physical building whether owned or rented?)
Whether donated or purchased, most Sheds will have a substantial amount of equipment, everything from tools to lathes. Should you need to replace these items it can be expensive so the Rothbury/Ace insurance facility provides replacement cover on your equipment while tools, especially those taken off-site, are settled on a depreciated replacement basis. Natural Disaster cover is also available in all areas and premiums start from as little as $250.
Policy Wording: Chubb Steadfast
Public & Statutory Liability:
While Men’s Sheds operate on a non-profit and charitable basis, that doesn’t mean they are excused from liability for damage caused to third parties property or injury to them (Public Liability). An example would be a shed painting a local crèche and accidentally spraying paint on a vehicle nearby. Or running a display in the local shopping mall and accidentally damaging the floor while moving the display. The affected party will claim on their own insurance first but their insurer will then attempt to recover costs from you.
Statutory Liability responds to unintentional breaches of local and national Statutes. The more common ones are Building Act, Resource Management Act, Privacy Act, Pollution Act, and Health and Safety. While your exposure to some of these is limited by your volunteer status it is very hard to keep track of all of them!
Standard annual premium $316.00 for $2,000,000 Public and $500,000 Statutory Liability.
Policy Wording: Rosser Surepac Business Liability
To find out more about these insurances please contact:
Steve Minnis at Rothbury Insurance Brokers
Office: 04 494 1514 ext 4804 Mobile: 021 443518 Email Steve.Minnis@rothbury.co.nz
Level 7, 1 Willeston Street, Wellington PO Box 1161, Wellington 6140