Main Business & Commercial Insurances:

Material Damage insurance can be best described as insurance cover for commercial “fixed assets”. Some examples of these being buildings, business equipment, leasehold improvements and stock. 

Business Assets Insurance
(Material Damage)

If your business suffered an unexpected disruption, such as fire, flood, storm or a major supplier closes because of on of these events, how long would it take to get up and running again? And importantly how much would you lose along the way?

Business Interruption
Insurance

A lump sum payment to be used at the business’s discretion

Business Life,
Trauma & TPD Covers

Commercial Vehicle Insurance, provides cover over a wide range of vehicles

Commercial Motor
Vehicle Insurance

Cyber protection insurance is a relatively new form of cover. It’s designed to help protect your business from the financial impact of computer hacking or a data breach.

Cyber
Insurance

A lump sum payment to repay business debt following accident or illness to a key business person.

Debt
Protection Cover

When starting a business, many people think about insuring the new assets they’re taking on, i.e. property, stock or commercial vehicles. But if you’re starting a business, it’s also likely that you will be taking on new debt and new risks

Income Insurance:
New to Business Options

What is rural insurance? A range of options that provide either monthly payments or a lump sum in the event you or a key person becomes seriously ill, injured or dies. It can help with keeping your farm or share milking business running.

Income Insurance:
Rural & Farm


A monthly injection of revenue whilst a key person is unable to work. Can also be A lump sum payment to provide the capital to successfully replace a key person.

Key Person:
Loss of Revenue Cover

A lump sum payment to fund a buy-sell agreement in the event of a death of a Director or Shareholder.

Ownership
Buyout Cover

Anyone can make a mistake – but if your business is found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business’ hard-earned reputation may be damaged as a result.

Professional
Indemnity Insurance


Broadform public and products liability insurance, insures your business for its legal liability for accidental injury to a third party or damage to their property.

Public
Liability Insurancee

There are a number of risks in life, such as natural disasters, loss of income, and sickness. There are insurance policies which can protect you and your dependents and reduce financial loss should these events occur.

Self Employed
ACC Reviews

Other Business And Commercial Insurances:

Aviation or aircraft insurance policy covers accidental loss or damage to aircraft, along with liability to Third Parties and passengers.

Specialist insurances are also available for liability from Airport Owners/Hangar Keepers.

Contract Works insurance provides cover against loss or damage to the actual contract works and all materials whilst in transit or on site. Contract Works insurance is sometimes referred to as “Builders All Risks Insurance” or “Construction” insurance.

Contract Works Insurance is commonly taken out to insure the construction of new buildings or alterations/renovations to existing buildings, from start to completion, although the insurance can also cover civil engineering risks, and the installation and commissioning of new plant and machinery.

A Corporate travel insurance policy covers loss of luggage and equipment, medical expenses and disrupted travel, and provides liability cover while you’re overseas. It also covers the costs of cancelled travel due to events beyond your control, such as natural disaster.

Cover is available for pre-existing medical conditions.

Directors and Officers Insurance provides cover for wrongful acts committed by directors and senior management whilst carrying out their duties associated with the management of the company. Directors and Officers Insurance also covers legal expenses the company may incur in defending claims brought against its directors and officers.

A Directors and Officers Insurance policy is available as a standalone policy or in conjunction with a suite of products designed specifically for small to medium private companies, which is sometimes referred to as Management Liability insurance.

These policies now also include ‘costs in addition’ that provides a distinct limit for legal costs (rather than a combined limit for damages and legal costs).

Employers Liability insurance covers you for legal liability and associated legal costs for an injury to an employee (where not covered by ACC).

Employment Practice Liability Insurance is designed to protect both the organisation and its employees against personal grievance claims brought by current, prospective or former employees. Claims can be made for wrongful termination, discrimination and harassment.


Fidelity Insurance provides cover for loss of money or property belonging to the business through a dishonest or fraudulent act amounting to a criminal offence of any person at any time employed by you.


Machinery Breakdown Insurance product covers repair or replacement of machinery suffering sudden and unforeseen damage, and can be extended to cover the negative effects on profit.


Mobile plant and equipment insurance is the life blood of contracting and construction business. Similar to commercial motor vehicle insurance, mobile plant and equipment Insurance is specifically designed for income generating plant and equipment. Typically insured in the construction, roading, civil and forestry industries.


Rural / Lifestyle Block Insurance is your normal house, contents and vehicle policy, with additional cover normally included for:

Rural Material Damage insurance – cover for a wide variety of rural buildings, contents and machinery.

Rural Liability Insurance – legal liability cover for property damage or personal injury that may arise from your lifestyle block activities.

Rural Vehicle Insurance – designed to cover the different types of vehicles found on the block, such as Tractors, trailers, quads etc.


Statutory Liability insurance protects your business from fines, penalties and reparation imposed by the courts for unintentional breaches of most laws in New Zealand. It also covers the legal costs of investigating and defending claims. Common claims arise from breaches of Resource Management Act, Health & Safety in Employment Act, Building Act, Commerce Act, Fair Trading Act and so on.

Statutory Liability insurance covers legal defence costs, as well as any reparation and/or (excluding Health & Safety Act breaches) fines you become liable to pay.


Trade Credit insurance protects businesses from commercial bad debts that arise when selling your goods and services on credit terms to other businesses within New Zealand and/or overseas.

Suitable for all businesses, whether they are domestic or exporters.

Allows business to take on new contracts with the peace of mind that bad debts will be covered.

Trustees and/or Association Liability insurance provide a similar cover as Directors and Officers Insurance, however it applies to Trustees or those managing incorporated societies as opposed to Companies.

New Zealand is made up of budding entrepreneurs and business owners, ranging from the corner dairy through to international renowned exporters. Business and owners of those businesses, need to have comprehensive insurances to help them continue to trade should catastrophe strike.

Balance Advisors specialises in tailored commercial and business insurance solutions. Covering your assets, your lost income following a loss, you and your key people and of course potential liabilities as a consequence of conducting your business.

When a business loses its sole trader, a key employee, an owner or a business partner, the consequences can be dramatic.

Profits can fall, loans may have to be repaid at short notice or, at worst, and the future viability of the business can come under threat.

It is essential for business owners to know that, even if the worst should happen to a key stakeholder, they’ll have the financial means to stay on track.

Business Protection Plans will provide ways of helping protect business finances, offering a comprehensive range of covers that provide financial support in a variety of situations.

Allowing you to mix and match any number of covers, for as many key stakeholders as needed, and with the appropriate ownership structures to achieve the correct outcome for your specific business.

The following is a very limited summary of commercial and business-related insurance policies available.