How much does Business Insurance cost?

Every business is different, with unique exposure to risks and challenges. This makes the pricing of Business Insurance policies specific to each individual business. There are a range of factors considered when calculating the cost of a Business Insurance premium, some of these factors include: Your claim history The type of business operations you perform Your annual turnover The number of staff Level of cover Claims history

What’s the difference between Business Insurance Package and Public Liability insurance?

They are both designed to safeguard your business from different risks, and together can provide your business with comprehensive coverage. Business Insurance can be packaged with a range of coverage options designed to protect things like your building, contents, tools and risk of business interruption in one policy. While Public Liability insurance protects you and your business against the financial implications if you are found liable for loss or damage to other people’s property, or cause illness or injury that is not covered by the Accident Compensation Commission (ACC).

Can I buy insurance for business interruptions?

Yes! Business Interruption insurance provides cover for the loss of income and increased costs of operating your business caused by a specified insured event (such as property damage or fire). It is also designed to assist your business to recover from an insured event by paying ongoing expenses (such as wages or rent). Note, Business Interruption cover can be added to your Business Insurance Package – only when you also select either Building or Property (Contents) cover (or both), it cannot be purchased on its own.