Business insurance

Offset the big risks with the right protection

To get a tailored insurance policy for your business, get in contact with your Adviser or make an enquiry today.

Many Kiwi businesses are under-insured. They protect assets against the obvious risks like fire and theft, but don’t consider the not-so-obvious risks, such as getting sued or the business downturn that follows a natural disaster. Because no two businesses are alike, your business insurance policy can be tailormade to meet the unique needs of your company.  

This might suit you if…

  • you manage a business that owns assets, employs people and could be seriously affected by disaster
  • you're worried about your liabilities under recent legislative changes such as the new Health & Safety at Work Act
  • you're looking for advice to identify the right types of insurance.

Here’s what you get:

  • Asset protection - including buildings, vehicles, stock, plant and machinery
  • Liability protection - public, statutory, employers, directors' and officers' professional indemnity
  • Business interruption protection - essential financial support if a disaster disrupts your gross profit

Are you liable?

For businesses, there are five core types of liability to be concerned about:

  • Public liability
  • Statutory liability
  • Employers liability
  • Directors’ and Officers’ liability
  • Professional liability

Business insurance expert Rob Dibley explains each of them.

Business interrupted?

If a disaster or catastrophic event disrupts your business, performance and profitability will suffer. But to what degree? That depends on the plans and insurance you put in place.

Business insurance expert Rob Dibley talks about the value of business interruption insurance.

Types of cover

When it comes to commercial insurance, there are different kinds of protection options.

Material Damage - This covers loss or damage to your commercial buildings, contents, plant, stock and other assets.
Business Interruption - We know if a business stops, it could fail. So we make it our business to keep you going. Our Business Interruption cover helps you in case of financial loss if your business is interrupted due to a claim on your business assets (Material Damage).
Liability - There is a suite of liability covers that your business potentially needs. This includes the five core liability covers already mentioned; however you may need more.
Business Vehicles - Commercial motor insurance gives you the option of covering your vehicles used primarily for business.

How much does it cost?

How much you pay largely depends on:

- the nature and the risks associated with your business
- type of insurance covers selected
- the location of your insured property

You can get a customised premium quote from your financial Adviser.

Find out more about getting started.

New Health & Safety rules expose you to statutory liability risk

Did you know that New Zealand is one of the few countries in the world where you can insure against statutory liability? AMP Statutory Liability Cover defends you, your business and your employees against unintentional breaches of New Zealand Acts of Parliament. In particular, it pays for defence costs, fines and reparations (note a fine, penalty or infringement fee paid or which becomes due to be paid under the Health & Safety in Employment Act 1992 (or any replacement Act) is excluded from cover).

Documents and downloads

For business between 1 August 2019 and 15 August 2020

Business insurance - policy wording (PDF)

For new business taken out prior to 01 August 2019 and policies renewed prior to 01 August 2019

Business insurance - policy wording (PDF)

Important information

While care has been taken to supply information on this website and within the chatbot tool that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission. The content provided is intended to be used as information only and does not constitute financial advice, unless otherwise specified. Before acting on any of the results provided, we recommend that you seek advice which takes your individual circumstances into account.

This AMP branded general insurance product is underwritten by Vero Insurance New Zealand Limited, 48 Shortland Street, Auckland.