Everything you need to know about protecting your New Zealand business. From understanding different coverage types to getting your first policy – we make it simple.
Business insurance is a collection of insurance products designed to protect your New Zealand business from financial losses. These losses can arise from various situations including property damage, legal claims, employee injuries, and unexpected events.
Unlike personal insurance (like your car or home insurance), business insurance is specifically tailored to address risks that come with running a business – whether you're a sole trader, partnership, or limited company.
New Zealand businesses face unique risks from natural disasters (earthquakes, floods, storms), making business insurance particularly important for local operations.
If you own a business in New Zealand, the short answer is likely yes. Here's how to think about it.
You're legally required to have ACC (Accident Compensation Corporation) cover for your employees. You may also need Employer's Liability insurance for claims not covered by ACC.
Public Liability insurance is often essential if members of the public visit your premises or you provide services at client locations. Many contracts require this coverage.
Property, equipment, stock, and vehicles all need protection. Property Insurance and Motor Insurance help replace or repair these assets if they're damaged or stolen.
If you answered yes to any of these questions, business insurance is worth considering. Even if you answered no, certain types of cover may still protect you.
Understanding the main types of business insurance helps you choose what's right for your business.
Protects you if someone is injured or their property is damaged due to your business activities. Essential for most businesses.
Typical cover: $1M - $5M
Covers claims arising from professional mistakes, negligence, or advice that causes financial loss to clients.
Typical cover: $100K - $5M
Protects against workplace injury claims not covered by ACC, including employment-related issues.
Typical cover: $1M - $5M
Covers fines, penalties, and legal defence costs for breaches of legislation (e.g., Health and Safety Act).
Typical cover: $500K - $2M
Covers your buildings, equipment, stock, and contents against fire, theft, and damage.
Pays for lost income and extra expenses if your business can't operate due to a covered event.
Special cover for earthquake, flood, and storm damage – particularly important in NZ.
Cover for company vehicles – compulsory for most vehicles on NZ roads.
Protection against data breaches, hacking, and cyber attacks.
Replaces income if you're unable to work due to illness or injury.
Protects your business if a key employee or owner becomes incapacitated.
Getting the right amount of cover is crucial. Here's how to work it out.
* These are general guidelines. Your actual needs may vary based on your specific business circumstances.
Follow these steps to get the right insurance for your business.
Identify what could go wrong in your business.
Prepare details about your business, assets, and employees.
Get quotes from multiple insurers or use a broker.
Understand what's covered, exclusions, and excesses.
Buy your policy and store documents securely.
Brokers understand the market and can recommend the right cover.
We do the shopping around for you and handle the paperwork.
We advocate for you if you need to make a claim.
Get expert advice on the right business insurance for your New Zealand business. Our friendly brokers are here to help.
No obligation. No pressure. Just expert advice.