Business Interruption Insurance NZ

What is Business Interruption Insurance?

Business interruption insurance protects your business income when you can't operate due to a covered event. While material damage insurance covers the physical repair of your property, business interruption covers the financial losses you suffer during the downtime.

This insurance is often described as the most important cover a business can have, as it can take weeks or months to rebuild after a major incident, and many businesses don't survive without this protection.

What Does It Cover?

• Lost revenue and gross profit
• Fixed operating costs (rent, wages, utilities)
• Extra expenses to minimise loss
• Consequential loss
• Professional fees and costs
• Loss of goodwill

Who Needs Business Interruption Insurance?

Business interruption insurance is essential for any business that relies on generating income from their premises:

• • Retail shops
• • Restaurants and cafes
• • Hotels and accommodation providers
• • Manufacturing businesses
• • Professional offices

Typical Costs

Business interruption insurance costs vary based on your revenue and risk profile. Typical costs start from:

• • Small business (under $200K revenue): From $400/year
• • Medium business ($200K-$1M revenue): From $700/year
• • Large business (over $1M revenue): From $1,200/year