Protect your business and family with tailored coverage solutions
Your family's income stops immediately if something happens to you. Unlike employees, there's no sick pay or continued salary.
Business loans, equipment financing, and commercial mortgages don't disappear. Your estate or family could be liable.
If you employ others, they depend on your business for their livelihoods. Proper coverage can fund transition periods.
Closing a business involves legal fees, final tax obligations, lease cancellations, and employee entitlements.
Consultants, lawyers, architects, accountants
Stable income patterns, professional indemnity coverage, succession planning for client relationships
Builders, plumbers, electricians, carpenters
Higher risk occupation ratings, potential for disability, business equipment protection
Restaurant owners, shop owners, tourism operators
Variable seasonal income, business loan coverage, key person protection
Designers, photographers, developers, writers
Irregular project income, equipment insurance, intellectual property protection
Farmers, fishers, foresters, contractors
Asset-rich but cash-poor, seasonal income, succession planning for family operations
Organize your documents before applying. Having everything ready can speed up the underwriting process by weeks and shows insurers you're a well-organized business owner.
Protects your family's financial future if you die
Your spouse, children, or chosen beneficiaries
Based on family income needs and debts
Premiums not deductible, payouts generally tax-free
Protects the business from financial loss if you die
Your business entity
Based on your economic value to the business
Premiums may be deductible, payouts may be taxable
Most self-employed people benefit from having both types of coverage, as they serve different purposes and protect different stakeholders.
Demonstrate consistent or growing income over time. If you had a bad year, be prepared to explain why and show it was an exception.
Brokers know which insurers are most self-employed friendly and can help present your application in the best light.
If possible, apply when you've had 1-2 strong income years. This gives you the best chance of qualifying for higher coverage amounts.
Self-employed people are especially vulnerable to disability. Consider income protection insurance alongside life insurance.
Accurately describe your work activities and any occupational risks. Hiding risks can void your policy when you need it most.
As your business grows, review your coverage needs annually. You may qualify for more coverage or better rates as your income increases.
Get personalized life insurance quotes designed for business owners in New Zealand