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12/10/2026

If your commercial insurance renewal is coming up, now is a good time to pay attention to the market. 📋

Pricing in the commercial insurance market has dropped significantly over the past 12 months. More insurers are competing for business, and to win that business, many are cutting their rates, sometimes sharply. As a broker, our job is to make the most of that for our clients, and right now we're seeing some genuinely strong results at renewal.

That said, it's worth understanding what's driving this. When insurers compete on price by slashing rates, the question that follows is whether those rates are actually sustainable. As Warren Buffett has pointed out, it's easy to grow an insurance book by dropping your prices, but you might not find out it was a mistake until 12 months down the track, when claims come in and the numbers don't add up.

Insurance markets move in cycles. Soft markets (like the one we're in now) can harden quickly if a major event changes the picture, think significant flooding or an earthquake. When that happens, prices tend to correct, sometimes fast.

For now, businesses are in a reasonable position to negotiate. But the cheapest option isn't always the right option, coverage terms, insurer financial strength, and claims handling all matter too.

If your renewal is on the horizon, it's worth having a proper conversation about what's out there.



Have you noticed any changes at your last renewal? We'd be keen to hear what you're seeing out there. 👇

General information only, not financial advice. Gerrard's Limited (FSP1003639), trading as Gerrards, is a Financial Advice Provider.

01/10/2026

A carpet installer nearly copped a $10,000 bill, for cutting joins in the wrong spot.

No damage done. No property destroyed. Just a fussy client who wanted the seams somewhere else, and a replacement invoice that landed in the installer's lap.

Standard public liability insurance? Wouldn't have touched it. Public liability covers damage you cause, not work the client simply isn't happy with.

What saved them was defective workmanship cover. It's an add-on that's easy to overlook, but it's designed for exactly this situation, where the job was completed, nothing was physically damaged, but the workmanship is disputed.

The claim went in. The $10,000 was paid. The client got their carpet.

If you're a tradesperson or contractor, it's worth checking whether your current policy includes defective workmanship cover, or whether you're relying on public liability alone and assuming that's enough.

General information only. Talk to a broker about what cover suits your specific work.



General information only, not financial advice. Gerrard's Limited (FSP1003639), trading as Gerrards, is a Financial Advice Provider.

30/09/2026

Gen Z vs Millennial name challenge 😂

Can you tell we have a Chris Brown fan in the office?

29/09/2026

After the Christchurch earthquakes, some insurers went under, leaving policyholders with nothing when they needed it most.

Here's something worth knowing: every insurer in New Zealand carries a financial strength rating, a bit like a credit score. AA means excellent. Anything heading toward F means trouble.

At Gerrards, we only work with insurers rated A- or better. Because what's the point of paying for insurance if the company can't pay you out when disaster strikes?

Before you sign up with any insurer, check their rating. If it's below A-, think carefully.



General information only, not financial advice. Gerrard's Limited (FSP1003639), trading as Gerrards, is a Financial Advice Provider.

24/09/2026

Had a business owner ring us one day, frustrated, three days waiting on his broker, and his premium had jumped with no real explanation.

We ran the numbers.

Twenty minutes later, he had better cover and was nearly $1,000 better off.

This isn't magic. It's what a broker is actually supposed to do, negotiate on your behalf and work to get you the right deal, not just roll over the renewal.

If your business insurance renewal is coming up, don't just click renew. Send it our way first. It takes minutes, and you might be surprised what a proper look at your policy turns up.

Have you ever just auto-renewed without shopping around? How did that work out for you? 👇



General information only, not financial advice. Gerrard's Limited (FSP1003639), trading as Gerrards, is a Financial Advice Provider.

23/09/2026

Personality hire and good at his job? Double whammy baby.

22/09/2026

Smart business owners keep a close eye on every cost, including insurance.

At Gerrards, we work with more than 30 insurers to find cover that suits your business and your budget. That means you're not just getting a policy, you're getting one that's been properly shopped around on your behalf.

A free business insurance review is a straightforward way to check you're not overpaying or underinsured.

General information only. Cover recommendations depend on your individual circumstances.



General information only, not financial advice. Gerrard's Limited (FSP1003639), trading as Gerrards, is a Financial Advice Provider.

17/09/2026

Most business owners know their coffee order better than their insurance cover. 🤔

It's one of those costs that sits quietly in the background, until something goes wrong and you realise you weren't as covered as you thought, or that you'd been paying more than you needed to.

A business insurance review is a straightforward way to check that your cover still fits your business, and that you're not leaving money on the table. It doesn't have to take long, and it can give you a much clearer picture of where you actually stand.

Have you reviewed your business insurance cover in the last 12 months? Drop a comment below, we'd love to know how businesses around NZ are thinking about this.



General information only, not financial advice. Gerrard's Limited (FSP1003639), trading as Gerrards, is a Financial Advice Provider.

15/09/2026

The business owners who last tend to keep a close eye on their costs, every line item, every renewal.

Insurance is one of those costs that's easy to set and forget.

But your business changes, the market changes, and what you were paying two years ago might not reflect what you actually need, or what's available, today.

That's a big part of what an insurance broker does.

Working across a wide panel of insurers means we can compare options and make sure your cover still makes sense for where your business is at right now.

Not just at the start, but every year.

Is your business insurance due for a review soon? Drop a comment or share what you wish you'd known earlier about managing your business costs. 👇



General information only, not financial advice. Gerrard's Limited (FSP1003639), trading as Gerrards, is a Financial Advice Provider.

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10 Walker Street
Christchurch
8011

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+64800374691

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