In an era of rising claim costs, natural hazard exposures, and capacity constraints, loss prevention has emerged as a critical tool in protecting Material Damage and Business Interruption (MDBI) insurance outcomes across New Zealand’s commercial landscape.

As the New Zealand insurance market continues to tighten around combustible panel risks, particularly in the Food & Beverage (F&B) industry, The Barn Underwriting Agency is emerging as a key player with the expertise and appetite to navigate this complex and evolving space.

In the world of timber joinery and cabinetry, risk often hides in plain sight; sawdust accumulation, flammable adhesives, heat-producing machinery, and large quantities of combustible stock.

The local insurance market has begun to tighten its appetite and requirements for joinery operations, especially when it comes to Material Damage and Business Interruption (MDBI) cover.

When a claim occurs, the physical damage to a property is only part of the story. For many New Zealand businesses, the greater financial risk lies in what happens after the loss. That’s where Business Interruption (BI) insurance comes in, providing a safeguard for ongoing financial losses that occur while a business is out of action.