Why do you need business insurance?

 

​Here's why a combination of Life and Business Continuity cover could be your best protection:

1. ACC is not a substitute for private health insurance
ACC is an accident insurance scheme that all New Zealanders have access to. The role of ACC is to provide treatment and rehabilitation services for anyone who suffers an injury as a result of an accident. It does not cover you for anything that ACC does not deem to be an accident.  If your claim is declined by ACC, Sovereign Private Health is there. We will promptly pay your eligible treatment costs and will then seek a review of your case with ACC.

2. The unexpected can happen
Every 90 minutes a New Zealander dies from coronary heart disease. 1

Cardiovascular disease (heart, stroke and blood vessel disease) is still the leading cause of death in New Zealand, accounting for 30% of deaths annually. 1

3. You and your key people are crucial to the success of your business
How long could your business survive without the income you generate? Insurance, such as Family Protection, can provide an ongoing monthly income.

4. Business debts
Who would make repayments if your income stopped, and how long could they keep up?  An insurance claim could be used to clear or reduce an existing mortgage.

5. Recovery is faster without financial stress
Worrying about money doesn’t help recovery after an illness or injury. Insurance can ease your concerns, so that you can relax and get better.

  1. Ministry of Health (2014) Mortality and Demographic data 2011. Wellington: Ministry of Health.

Disclaimer: The availability of any insurance cover is subject to your application being approved. For full details, refer to the policy document which is available on request from Sovereign. Applications are subject to individual consideration. Special conditions, premiums, maximums and exclusions may apply.

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The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.