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Business assets, liability and interruption insurance

Protect you and your business from the financial consequences of part, or all, of your business not being operational. From vehicles to liability, ASB offers business insurance to cover almost every need.

Benefits at a glance

  • Cover for your business assets, to ensure quick recovery
  • Keep things simple by having all your insurances in one place
  • Protection for your commercial motor vehicle against accidental damage or theft
  • Flexible payment options include monthly or annual premiums
  • Business Liability covers you and your business for your legal liability for accidental injury to other people or damage to their property

Is it right for my business?

If you’re a business owner or responsible for a business, you may wish to include insurance as a part of your business plan. Protecting your business from damage, interruption and liability potentially enables you to keep operating if something unexpected happens that affects your company. Without it, even a simple incident could potentially close your business down.

We offer a range of insurance cover for occurrences including natural disasters and liability issues, particularly well-suited to small and medium-sized businesses.

Choose the types of cover that suits your business

Business assets

Protects you against loss or damage to buildings, plant, contents, machinery, and stock.

Business interruption

Covers you for loss of income, together with any increased operating costs while your premises are being restored following damage, or in certain circumstances where you have suffered loss of income due to infrastructure damage elsewhere.

Business liability

  • Broadform Liability - covers losses incurred if you, or one of your employees accidentally cause bodily injury to another person, or accidentally damage someone else's property in the course of your business
  • Employer's Liability - covers sums you become liable to pay arising from an employee suffering an injury on the job
  • Statutory Liability - covers you for your liability for fines following accidental breach of certain Acts, for example Resource Management Act 1991

Business vehicle

Covers loss or damage to vehicles associated with your business, caused by accident or theft. It also covers legal liability for accidental damage to someone else's vehicle, property or accidental injury to another person.

Business machinery breakdown

Covers the mechanical or electrical breakdown of your machinery.

Stock deterioration

Covers the deterioration of the contents of refrigeration units after a breakdown.

Other business insurance cover from ASB

If you, a business partner, or key staff member died or fell ill unexpectedly, it could seriously impact your business. Business life and disability insurance could give you added peace of mind by insuring you and the people you rely on.

Flexible payment options

We offer flexible payment options to suit your business’ cash flow, including monthly instalments or a single annual premium.

ASB and IAG - working together

ASB has chosen IAG New Zealand Limited (IAG) to underwrite our business assets, liability and business interruption insurance.

View IAG New Zealand Limited’s Financial Strength Rating.

Get started today

01. Contact

Call us on 0800 200 252 or talk to your regular ASB contact.

02. Consider

Review and accept your quote. We’ll get your cover in place.

03. Review

Remember to regularly review your cover and update it as required – especially if something has changed.

Get business insurance now

Ready to go?

Call us now or contact your regular ASB contact.

0800 200 252

Visit a branch

Visit us at one of our many branches across New Zealand.

Find a branch

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Business life and disability insurance

Protecting your business against property loss or damage is important, but have you considered the importance of your most valuable assets – you and the people you rely on?

Start-Up Income Protection

If you’ve been trading under three years, this cover could provide the protection you need if you become unable to work.

The availability of insurance cover is subject to your application being approved. All applications are subject to individual consideration. Special conditions, exclusions or premium loadings may apply. An excess applies for most benefits. For full details refer to the policy document which is available on request from ASB Bank Limited.

Life, health and disability insurance are underwritten by Sovereign Assurance Company Limited ("Sovereign"). None of ASB Bank Limited or its subsidiaries, the Commonwealth Bank of Australia, or any other company in the Commonwealth Bank of Australia Group, or any of their directors, or any other person, guarantees Sovereign or its subsidiaries, or any of the products issued by Sovereign or its subsidiaries.

General insurance is underwritten by IAG New Zealand Limited (IAG). See further details about IAG's financial strength rating.

Business insurance Business assets, liability and interruption insurance