affordable nz based indemnity insurance

Bringing affordable, high-quality Professional Indemnity insurance cover to Kiwi contractors, consultants and professionals

Who is GSI Direct?

GSI Direct is a trading name of Glenn Stone Insurance Limited which is a New Zealand company that has been operating in the New Zealand commercial insurance industry since 2005.

We are a Lloyd’s coverholder and an Authorised Agent of certain underwriters at Lloyd’s to arrange insurance on behalf of the insurer and coordinate the response when a claim is made.

We want to help get you the liability insurance cover you need with:

  • Honest and transparent premiums
  • Quickly and efficiently
  • Low premiums by reducing administration costs
  • A local solution, with the security and strength of a global insurer to back you up

Through our ‘get instant quote’ page you can:

  • Get a quote
  • Answer just a few questions
  • Buy online by credit or bank transfer
  • Receive policy documentation and invoices straight away via email

New Zealand Based Team Here to Help

When buying online it’s important to be able to trust that you’re actually buying from an NZ-based company with New Zealand based offices. When there’s a claim you don’t want to find out you’ll be dealing with a call centre offshore, or a company that is actually based in another country.

Senior Management Team

Glenn StoneManaging Director

Bachelor of Business Studies (BBS), Qualified Insurance Broker (QIB), Fellow of IBANZ

Glenn is the Managing Director of GSI Direct with over 20 years experience in the New Zealand insurance industry. He has held both brokering and underwriting positions and has built a business that continually looks to better service its client’s needs.

Leanne FiatauClaims Manager

Leanne heads up the management of claims for GSI Direct. Leanne has over 19 years experience in the insurance industry having held claims positions with both insurance companies and insurance brokers.

What is a coverholder?

A coverholder is a company or partnership authorised to write contracts of insurance on behalf of the managing agent in accordance with the terms of a binding authority.

As a coverholder we also have authority to issue insurance documents including your certificate of insurance.

What is a binding authority?

A binding authority (or binder) is an agreement under which our Lloyd’s syndicates have delegated their authority to enter into contracts of insurance to us.

Who is Lloyd’s?

Lloyd’s of London is a leading global insurer. Unlike many other insurance brands, Lloyd’s is not a company; it’s a market where its members join together as syndicates to insure risks. Its members together make up one of the largest global insurers.

Lloyd’s of London is a registered New Zealand insurer with the Reserve Bank of New Zealand and underwrites a large amount of liability insurance in New Zealand through various agents.

Insurance companies that are registered in New Zealand:

http://www.rbnz.govt.nz/regulation-and-supervision/insurers/register

For you, through us as coverholder, this means you have access to unparalleled specialist cover together with the ability to negotiate at a low cost.

Lloyd’s has the following Financial Strength Ratings:

Standard and Poor’s A+ (Strong) Negative Outlook
A.M. Best A (Excellent) Stable Outlook
Fitch Ratings AA- (Very Strong); Negative Outlook

 

This means that regardless of the circumstances that befall your business, you can be confident that we will be there to support you.

 

 

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