When you own a business, part of survival is asking the hard ‘what if’ questions. What if you or your business partner were to die? What if your top sales or technical person has a major car accident? What if serious illness prevented you from being able to work again?
We have three business products designed to meet the needs of any small- to medium-sized business in New Zealand – Business Assurance, Business Extra and Agribusiness Extra
Business Assurance
Business Assurance is our master policy providing traditional life, complete disablement, trauma, income replacement and business overheads/locum options for your business. You can tailor it to suit any business in New Zealand.
Business Assurance offers a range of benefits (listed below) that will provide your business with a necessary cash injection to pay off debt, provide cash for buy/sell obligations, or cover business expenses should a key person or shareholder pass away or suffer an illness or injury.
Fact Sheet
Business Assurance Policy Wording
Business Assurance benefits
Life Cover
A lump-sum payment in the event of death.
Fact Sheet
Life Cover Policy Wording
Trauma Cover
A lump-sum payment in the event of a serious illness or accident.
Fact Sheet
Trauma Cover Accelerated Policy Wording
Complete Disablement Cover
A lump-sum payment if the insured person becomes totally and permanently disabled.
Fact Sheet
Complete Disablement Cover Accelerated Own Occupation Policy Wording
Complete Disablement Cover Accelerated Any Occupation Policy Wording
Business Overheads Cover
A monthly payment to meet the overheads of the business if the insured person is unable to work because of a total disability.
Fact Sheet
Business Overheads Cover Policy Wording
Self Employed Income Cover
A monthly payment if the insured person is unable to work because of a total disability.
Fact Sheet
Self Employed Income Cover Policy Wording
Key Person Start-Up Cover
A monthly payment if the insured key person is unable to work because of a total disability.
Fact Sheet
Key Person Start Up Cover Policy Wording
Business Extra
Business Extra is our unique and flagship business product designed to provide flexibility to meet the needs of most small businesses in New Zealand.
It provides comprehensive cover based on the expected financial impact on a business over time if a key person is unable to come to work.
All contingencies are conveniently covered in one policy, as different monthly sums assured can be selected, with lump sums payable on long-term disability, trauma and death. This means that you can select the level of your benefit to cover a range of scenarios, without the need for multiple benefits.
Fact Sheet
Business Extra Policy Wording
Agribusiness Extra
Agribusiness Extra provides insurance cover specifically designed to protect the unique needs of those who work in the agricultural sector. It aims to protect the financial viability of a farm (and income), when a farmer is unable to work due to disability. Agribusiness Extra also provides lump sum payments should the farmer become permanently disabled, suffer a traumatic condition or pass away.
Fact Sheet
Agribusiness Extra Policy Wording
Agribusiness Extra benefits
Life Cover
A lump-sum payment in the event of death.
Life Cover Policy Wording
Trauma Cover
A lump-sum payment in the event of a serious illness or accident.
Trauma Cover Accelerated Policy Wording
Complete Disablement Cover
A lump-sum payment if the insured person becomes totally and permanently disabled.
Complete Disablement Cover Accelerated Own Occupation Policy Wording
Complete Disablement Cover Accelerated Any Occupation Policy Wording
Disability Cover
A monthly payment to meet the cost of replacement labour and farm consultants if the insured person is unable to work because of a total disability.
Disability Cover Policy Wording
Agreed Value Income Cover
A monthly payment if the insured person is unable to work because of a total disability.
Agreed Value Income Cover Policy Wording
Premium Cover
A monthly payment of the insured person insurance premium if they are unable to work because of a total disability.
Premium Cover Policy Wording
NB: Special terms and conditions apply for each benefit listed above.