What Does Business

Insurance Cover?

What does business insurance cover?

Every business is different, with their own unique insurance needs and exposures to risk. From coverage for stock to shop front windows and everything in between, Business insurance offers a range of flexible options you can tailor to suit your business needs.

What it typically covers

  • Material damage loss for your physical assets
  • Financial loss due to Business Interruption

Choose cover options below!

What is NOT covered?

  • Negligence/breach of duty arising from an act, error or omission as a result of your professional services
  • Claims arising from damage to third party property or personal injury
  • Known claims and circumstances

What kind of businesses need business insurance?

The reality is, if you are running a small business, you are going to be exposed to a variety of different risks which could impact your business. Having the appropriate types of cover in place will not only provide peace of mind knowing that your business is protected, but it can help to provide a financial safeguard if a claim were to occur.

Here are some examples of when business insurance may help different types of businesses:

For businesses that hit the road and travel to visit clients and different location, Portable Equipment cover* is a form of cover to consider. Some typical types of businesses which may need Portable Equipment include:

  • Tradies- tools of trade, those toolbox contents quickly add up!
  • Mobile beauty businesses – protecting equipment like hair straighteners, dryers, and required professional hair and beauty products
  • Personal trainers and yoga teachers- insures items like your sporting equipment if they stolen from a park where you are a running a session for example

For bricks and mortar types of businesses, coverages like Building, Contents and Business Interruption* can help your business when it may need it most. Some of the kinds of businesses which may require these coverages include:

  • Restaurants
  • Cafes
  • Gift stores
  • Salons
  • Butchers
  • Bakers
  • Grocery stores
  • Convivence stores
  • Showrooms for tradie businesses
  • Manufacturers
  • Real estate agents

If you feel unsure of the types of business insurance your business may need, jump online or give our friendly team a call to discuss the different types of policy options available to help protect your small business today.


The bricks and mortar of your business premises are most likely one of your most valuable assets that you will want to insure.

Building insurance covers your building if it is damaged as a result of a fire, storm, malicious activity or another defined event listed in the policy.

This cover may also include protection for things like:

  • fixed signs and lettering
  • tanks
  • poles
  • power lines and their supports
  • walls
  • gates
  • fences and landscaping

Optional cover for natural disasters, including earthquake**

Property (Contents)*

Protecting your business assets is an important form of cover to consider when insuring the things that keep your business running.

Property (Contents) insurance covers physical loss or damage to your insured contents as a result of an insured event (such as fire, storm, flood and other perils). Property/Contents can include fixtures and fittings, equipment, stock and furniture.

Property insurance automatically includes cover for:

  • Glass: covers for the breakage of internal and external glass and signage you own or for which you are legally responsible, at the insured premises.
  • Money: protects your business money from loss or damage whilst on your premises or in transit.
  • Theft: covers you against loss and damage as a result of theft or attempted theft from your business premises. Damage to the building, locks and safes as a result of a covered event will also be covered.
  • Transit: covers loss of or damage to your goods (or in some circumstances goods you are responsible for) while in transit in New Zealand in a vehicle owned or operated by you, caused by an insured event such as collision, fire or theft.
  • Equipment breakdown: covers for sudden or accidental breakdown of mechanical, electrical or electronic plant and equipment.
  • Seasonal stock increase: increases the sum insured by 20% during November, December and January for insured stock you have.
  • Stolen keys: covers the cost to alter or replace any locks or keys because they were stolen or illegally duplicated.

Optional cover for natural disasters, including earthquake**

Portable Equipment*

Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable equipment associated with your business.  These can include tools of trade and items of stock anywhere in New Zealand. It also provides cover for loss or damage to laptops and mobile phones anywhere in the world.

Business Interruption*

A form of protection that is there to help your business get back on track if it were interrupted due to an insurable event, providing peace of mind when you need it the most.

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).

Optional cover for natural disasters, including earthquake**

Protect your business today.


I run a home-based business do I still need Business Insurance?

If something were to happen to your business contents, it’s often a misconception that they will be covered under your personal contents insurance policy.

Remember your business assets are different from your personal contents so you may need to consider taking a separate business insurance policy for your contents.

If for example you are running an online business and keep all your stock at home, make sure that you have adequate coverage in place to ensure it is covered if a claim were to occur.

My business is mobile, will my Portable Equipment insurance protect me anywhere?

The good news is your Portable Equipment insurance policy will protect your valuable tools of trade anywhere in New Zealand. So, from Auckland to Invercargill, you can rest assure knowing that you’re protected.

How much will my Business Insurance policy cost?

Business Insurance covers so many different types of business each with their own risk factors. When it comes to money side of things, there are a few things which are taken into consideration when calculating the cost of your unique Business Insurance policy. These factors can include:

  • Your claim history
  • The type of business operations you perform
  • Your annual turnover
  • The number of staff
  • Level of cover

To receive an accurate idea of how much business insurance will cost for your business, have a chat to our friendly team to get a quote.

Get more information

Find out more about all thing business and insurance with our blog. These are some articles that may help provide some tips and tricks when it comes to running your small business.

Why you should review your business insurance – https://www.bizcover.co.nz/why-you-should-review-your-business-insurance/

When was the last time you really sat down and went over your business insurance policy? We share some of the key things to keep in mind when it comes to reviewing your policy to make sure you still the right kind of cover for your business in place.

4 Areas you may not have thought business insurance covers https://www.bizcover.co.nz/4-areas-you-may-not-have-thought-business-insurance-covers/

Feel like learning something new? Our quick guide delves into some of the surprising things that you may not have been aware were covered with business insurance!

* This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.

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