Business Risk Protection | Insured For Life

Personal Protection Products

Business Insurance

Ensure your business survives the uncertainties of life.

What is Business Insurance:

Business insurance is designed to protect you, your company, and any key team members if something unexpected happens—such as a serious illness, injury, or death. In New Zealand, business insurance can include various types of cover like life insurance, trauma insurance, total and permanent disablement (TPD), and business continuity or key person cover (similar to income protection for essential staff). By having the right policies in place, you can help ensure your business keeps running smoothly if you—or a key employee—can’t work.

What Business Insurance covers:

Life Insurance

Helps the business or surviving partners if an owner or key person passes away.
Can provide funds to buy out shares, settle debts, or keep operations going.

Trauma Insurance

Pays a lump sum if you or a key employee suffers a serious illness (e.g., cancer, heart attack).
Can help cover medical costs, maintain cash flow, or fund temporary staff.

Total and Permanent Disablement (TPD)

Offers a lump sum if an owner or key person becomes permanently unable to work.
Can help the business stay afloat by covering expenses or facilitating a transition plan.

Business Continuity / Key Person Cover

Similar to income protection, it replaces a portion of lost revenue if a key person can’t work.
Helps prevent financial strain and maintain day-to-day operations.

How premiums work:

Rate for Age (RFA)

Premiums typically go up each year on your policy anniversary.
Starts lower but can increase significantly as time goes on.

Level

Premiums remain the same throughout the policy’s life, based on your age when you take out the cover.
Can be more expensive initially but offers predictable long-term costs.

Reviewing your Business Insurance:

Businesses evolve—your revenue, staffing, and operational risks can change significantly over time. By reviewing your cover every year or two, or after major changes (like expansion or taking on new partners), you can make sure the level and type of cover still match your needs. Regular reviews help you stay informed about new products and ensure the best protection for your business’s ongoing success.

Take a second to look over our frequently asked questions.

Have different questions? Email us at info@insuredforlife.co.nz

How does Insured For Life help me find insurance?

By submitting your details, we match you with a qualified and trusted adviser who can provide expert guidance and a personalised quote.

Who can use our service?

If you are over 18 years of age, you can use our service!
Simply take the quiz and fill out the form here.
Even if you currently have a policy and want a second opinion, our advisers are here to help!

How long does it take?

An adviser will be in touch via your preferred contact method within 24 business hours, unless stated otherwise.

What are the fees?

There are no fees.

We only partner with advisers who offer no charge consultations!

You will only have to pay your schedular premiums to the Insurance Provider, should you decide to implement the recommended plan.

Is it safe?

Our service is 100% safe!

We hold your information submitted through our simple quiz for a maximum of 60 days. This allows us to find the right adviser for you.

After this period the only people who will have access to your personal information is your financial adviser.