Business Interruption Insurance
Cover for when business as usual just isn’t doable.
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What is Business Interruption insurance?
Business Interruption insurance helps you recover when an insured event forces you to temporarily cease trading. It typically covers lost income, and the increased costs of operating your business, such as paying wages or rent on a temporary premises.
Wild storms, fire, burst pipes, burglary… they’re the types of events you hope never happen, but unfortunately sometimes do. That’s why you might want insurance to help you manage costs and recover until you’re back to business as usual.
What does Business Interruption insurance cover?
Lost Income
When an insured event causes you to temporarily cease trading.
Additional Costs
Funds to help cover increased costs of trading, such as paying wages, loan repayments, or renting a temporary premises.
- Undocumented income
- Losses caused by labour strikes or changes in legislation
- Voluntary closures
- Losses beyond the indemnity period
Why might you need Business Interruption insurance?
Business insurance isn’t mandatory in NZ for most businesses, but you may need a Business Interruption policy to do things like:
Trading stock
Business furniture, machinery, or equipment
Goods held by you on consignment
Business documents and records
Get your Business Interruption insurance sorted quicker than your afternoon tea.
Get your Public Liability insurance sorted quicker than a smoko break.
If you don’t see your industry or occupation mentioned above, it doesn’t mean Business Interruption isn’t suited for your business.
It only takes few minutes to find insurance that fits your business needs.
How much does Business Interruption insurance cost?
Business Interruption insurance costs $43.07 per month* on average, for BizCover NZ customers – but every business is unique.
The cost of a policy can vary based on how many employees you have, risks, insurance requirements and other factors.
The costs are real, get that new policy feel
$43.07/mo*
Expected average cost
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply. This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
Click here to check industry wise average prices
Get cover that works with the risks of your business
Business Interruption cover can only be purchased when you also select either Building insurance and/or Property (Contents) Insurance.
You can select up to $3M total combined cover amounts.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Flexible Cover
Up to $3M total combined cover value for contents Contents, Building, and Business Interruption policies
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your annual turnover
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
$43.07/mo*
Expected average cost
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply. This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
Click here to check industry wise average prices
Get cover that works with the risks of your business
You can select from 3 different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Flexible Cover
Up to $3M of cover for Contents, Building, and Business Interruption (combined)
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
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How it works – making a claim
We’ll assist you through the claims process & manage your claim directly with the insurer.
Let us know Fill out our claims form and provide info to support the claim
Receive extra support We will assist you with your claim
Claim results We will notify you of the claim outcome.
Let us know Fill out our claims form and provide info to spport the claim
Receive extra support We will assist you with your claim
Claims results We will notify you of the claim outcome
Our Insurers
We work with a selected group of trusted NZ insurers to offer you great cover.
The savings are real
See how much others have saved while purchasing policy through Bizcover
Martin
Gardener from
Christchurch
Saved
$2,000
on
Public Liability, Statutory Liability
& Employers Liability
Vicki
Management Consultant
from Napier
Saved
$1,500
on
Professional Indemnity &
Public Liability
Ian
Plumber from
Picton
Saved
$600
on
Public Liability&
Statutory Liability
Yvonne
Councellor from
Rotorua
Saved
$100
on
Public Liability &
Professional Indemnity
^ Savings made from January 2023 to July 2024. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
15000+ NZ
small businesses covered
What sets BizCover apart?
We are not just a comparison and buy site.
Make Claims Online
We’ll manage the process on your behalf with the insurers.
Flexi Payment Options
Pay monthly or annually, cancel at any time.
One Stop Shop
Manage multiple cover types in one place.
Easy Renewals
Optional automatic renewal to stay protected.
Frequently asked questions
Confused about Business Interruption insurance? We have answered the most common questions we get here.
If you still have questions, you can reach one of our friendly business insurance experts – – go here for our Contact Us details.
No, Business Interruption cover can only be purchased when you also select either Building insurance or Property (Contents) Insurance (or both). It cannot be purchased on its own, only as a ‘combined’ product.
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Hear from our customers
Real-life customer reviews verified by Feefo
Efficient
Trusted Customer
Efficient and great price
Quoted and bought insurance online, very quick and a great price.
Definitely worth
Burnett B
BizCover is definitely worth their word. Quick easy understandable cover
Straight forward
Trusted Customer
It is very straight forward and easy to understand and you can choose whatever you need for your business.
Easy to choose
Pavan K
Easy to choose business insurance. The search and the options provided were very simple and straight forward, didn’t expect it to be that easy.
Fast, friendly and efficient
Kylie T
The customer service agent was excellent. He explained to me clearly all the questions I had. Can’t be beat on price for the policy I needed and I was contacted within half an hour of my enquiry. Policy was confirmed on the phone. Excellent.
