INSURANCE

Business insurance

Business insurance in New Zealand protects the commercial value you have built from disruption by illness, injury, or the unexpected loss of a key person. Most businesses insure their physical assets. Fewer insure the people whose skills and relationships make those assets productive.

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Foundation of trust

You join thousands of New Zealanders who have gained greater control over their financial future, and entrust our advice when investing over $1 billion. We are trusted by major government departments and leading companies nationwide, and you can trust us, too.

Designed for you

You receive a bespoke roadmap built for your goals.

Since our ownership is independent of any product provider, your plan is supported by a model designed to reduce the outcome-linked incentives that can exist in some advice firms.

Boutique advice on a national scale

Your adviser is backed by a team of specialists who review and challenge every recommendation before it reaches you. Large enough for real accountability. Focused enough to know your name.

Connect via video call or at our Auckland and Christchurch hubs for a truly boutique experience.

Your total financial picture

Whether it involves complex investment portfolios or just the basics, your finances should be a cohesive picture. We make sure the left hand always knows what the right is doing.

Key Person Cover

Every business depends on people it would struggle to replace quickly. A top salesperson, a technical specialist, a founding director. Key person cover provides a monthly benefit or lump sum if a critical individual cannot work due to illness or injury, giving the business time and funds to adjust.

The questions worth asking: who in your business generates revenue others could not easily replicate? Could remaining staff absorb the workload? Would clients stay? New Zealand’s workplace health and safety obligations require businesses to manage risks to workers, but the financial risk to the business itself from losing a key person is a separate exposure entirely.

Protecting Loan Commitments

Your ability to repay business debt often depends on key people. If a key person dies or cannot work, the business may struggle to meet loan commitments. Lending institutions frequently require personal guarantees and supporting security.

Insurance can protect the guarantor and their personal assets (including the family home), repay the loan in part or full, and reduce the risk of company or personal insolvency.

Shareholder and Partnership Protection

On the death of a shareholder, shares can pass to someone you may not know, trust, or want to work with. A robust buy-sell agreement, supported by insurance to an agreed value on each owner’s interest, prevents this.

Annual reviews ensure the insured values reflect the current market value of the business. Without this arrangement, surviving owners may be forced into a partnership they did not choose, or forced to buy out an estate at short notice without the funds to do so.

Other Business Cover

Business asset insurance. Covers physical loss or damage to plant, machinery, stock, contents, and tools.

Professional indemnity. Protects against claims arising from alleged professional negligence. Essential for anyone providing advice or specialist services.

Directors and officers liability. Covers personal claims against directors and trustees for wrongful acts in their roles.

Public liability. Covers claims for personal injury or property damage arising from business activities.

Cyber insurance. Covers data reconstruction, loss of income, and legal costs from data breaches or cyber attacks.

Rural insurance. Tailored cover for the unique challenges faced by farming and primary industry businesses.

Construction insurance. Covers issues arising from building work, renovation, and engineering projects.

Could your business survive three months without its most important person?

A complimentary review confirms whether your commercial cover has gaps.

Review my cover

The Wealth Lens for Business Owners

Many business owners hold personal insurance (life, income, trauma) alongside commercial cover, but the two are rarely reviewed together. A gap between your income protection and your key person cover, for example, can leave either you or the business exposed.

At Become Wealth, your business insurance sits alongside your personal cover, your investment portfolio, and your lending. One adviser sees the full picture. This is the difference between a policy in isolation and a coordinated financial position.

How a Become Wealth Adviser Helps

No two businesses are the same, and a one-size-fits-all policy rarely works. Our salaried advisers access a wide range of providers to match cover to your specific structure, industry, and risk profile. We are not owned by a bank or insurer, so recommendations reflect your business needs.

Claims advocacy. When a claim arises, your adviser manages the process on your behalf, so you can focus on running the business. We are regulated by the Financial Markets Authority, manage over $1 billion in client funds, and hold one of only 48 DIMS licences in New Zealand.

Already Have Cover? Review It

Business valuations change, key people change, loan structures change. A policy established when the business was smaller may not reflect its current exposure. Annual reviews are a necessity, not a luxury.

When did you last review your business cover?

A quick conversation confirms whether your commercial protection has kept pace.

Book a review

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‍How It Works

Our advice process follows a structured six-step framework designed to make sure nothing is missed and every recommendation is peer-reviewed before it reaches you. Start with a relaxed initial conversation, completely at your pace.

FAQ: Business Insurance in NZ

What types of business insurance does Become Wealth advise on?

Key person cover, shareholder and partnership protection, loan protection, business asset insurance, professional indemnity, directors and officers liability, public liability, cyber insurance, rural insurance, and construction insurance.

What is key person insurance?

Cover providing a benefit if a critical individual in the business cannot work due to illness or injury. The payout gives the business funds to recruit, restructure, or bridge the revenue gap.

What is a buy-sell agreement and why does it need insurance?

A buy-sell agreement sets out what happens to a shareholder’s interest if they die or become incapacitated. Insurance funds the buyout, so surviving owners are not forced into unwanted partnerships or scrambling for cash.

Do I need both personal and business insurance?

In most cases, yes. Personal cover (life, income, trauma) protects you and your family. Business cover protects the company and its stakeholders. The two should be reviewed together.

What happens when I need to make a claim?

Your adviser manages the process. We prepare documentation, lodge the claim, and follow up with the insurer on your behalf

Is there a cost for advice from Become Wealth?

For personal risk insurance within the business context, the insurer typically pays an advice fee. For general business insurance, fee structures vary. We confirm all costs in writing upfront.

Why Become Wealth?

We're trusted to advise New Zealanders on investments totalling over $1 billion. You can trust us, too.

We look at insurance through a wealth lens. Your cover is assessed alongside your investments, lending, and goals, not in isolation.

Become Wealth is one of only 48 firms in New Zealand licensed to make investment decisions on behalf of clients (a Discretionary Investment Management Service). This requires us to meet a higher standard of regulatory oversight than most advisory firms. We are also a licensed Financial Advice Provider. FSP249805.