Business Owner

Many New Zealanders dream of being able to work for themselves and the rewards of doing so can be immense. Being able to build a business from the ground up and employ staff is something you should be proud of, but as you will know, there are many things you need to consider to protect yourself, your employees and the future of your company.

TOWER can offer you some assistance with our range of products designed especially for business owners:

Protecting your business

Protecting your business involves protecting the assets your business owns, such as property, machinery and other contents, as well as protecting any financial losses that might occur.

Business Insurance

TOWER Tailored Business Policy can help to cover most of your business insurance needs under one simple policy. With Business Assets Cover that protects your business’s physical assets, you can then choose to add on specialised business options – Business Interruption and Business Liability Cover – to add extra protection for times when your business may not be able to operate as usual due to asset damage, or if your business causes damage to someone else’s property.

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Commercial Vehicle Insurance

TOWER Tailored Commercial Vehicle Insurance is a bit different than personal vehicle insurance, and is a must if your business owns vehicles. The policy helps cover your vehicles, whether they’re a car, truck, forklift or something in-between, for accidents, damage or theft that may occur in their working lifetime. It is flexible for your budget, allowing you to choose Tailored Cover (Full Cover) or Third Party Cover.

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Protecting your livelihood

You’ve worked hard to get where you are, so the thought of your business failing because of personal illness or injury would be hard to bear. By protecting yourself with the right products, you can be assured that if anything happens to you, your business could continue to operate.

Life Insurance

TOWER Business 360® Life Cover can cover you and your key team members if their presence is vital to the welfare of your business. Providing a payment to your business upon death or diagnosis of a terminal illness gives your business the time to make important decisions about its future and help meet ongoing expenses.

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Key Person Cover

TOWER Business 360® Key Person Cover helps keep your business going by assisting with cash flow. It provides a monthly payment to keep the business operating while those critical to the operation of your business can’t work.

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Protecting your employees

While not every business owner will be in a position to offer their staff a comprehensive employee benefits package, you do have options to select one or two key benefits to help acknowledge the contribution they make to your business:

Health Insurance For Your Employees Health insurance is a great product to offer your employees through your employee benefits package. TOWER offers two products, both of which can be tailored to meet the needs of your staff, as well as your budget. You can subsidise an amount off the Base Cover (which provides cover for major medical costs) and select additional cover options such as the GP Option which helps pay the regular GP visit costs your employees may face. Find out more >>	Life and Trauma Insurance Life insurance and trauma insurance are options many employers choose to offer their employees. You can choose to subsidise the premiums for your employees, who would benefit from the policies if they were to die, or suffer one of the conditions covered by the policy. It can help to alleviate the financial strain on their families at an already stressful time. Find out more >>	Group Income Protection Group income protection is an income protection policy designed specifically for businesses. If your employees were unable to work due to an illness or injury, you’d want them to focus on their recovery, not on how they were going to pay their bills. By providing income protection as an employee benefit, you can help to reduce the stress faced by your staff if illness strikes. Find out more >>
TOWER KiwiSaver Scheme For Employees KiwiSaver is a concept you’ll already be familiar with as an employer, but did you know that you can talk to TOWER about your obligations and that we can help to enrol your staff in the TOWER KiwiSaver Scheme if you choose us as your preferred provider? If you've already got another workplace KiwiSaver or superannuation scheme you can call us anyway, because we may still be able to help you enhance your employee benefits with our KiwiSaver, workplace superannuation, and group insurance products and services. Find out more >>	TOWER Savings & Investment Solutions Savings & investment are a big part of owning a business, with your most significant investment often being your business itself. As you grow your wealth, it is important to save and invest wisely to meet future needs. TOWER offers a range of managed funds designed to suit different needs and preferences for risk and return. Obtain a copy of the investment statement here. Find out more >>	TOWER Individually Managed Account Service The TOWER Individually Managed Account Service is a personal wealth management system that is designed to be simple, flexible, and convenient for people who have built up a valuable investment portfolio and prefer to have a professional financial adviser assist them with taking care of it. Find out more >>

Getting professional financial advice

Financial Advice is an important aspect of making big decisions in your business and personal life. To be sure that you’re making informed decisions, it is important to seek the advice of an experienced professional who can guide you through the multitude of possible options. TOWER Financial Advisory Services is a network of professional financial advisers affiliated with TOWER who can assist you with finding the right choices for your savings, investment, and insurance requirements.

Find out more about TOWER Financial Advisory Services here >>

The product options available to you as a business owner can be overwhelming. If you want to talk to someone about the specific needs of your business, talk to us today to see how we can help. We can also help with your personal insurance arrangements.

Call us on 0800 379 372, open seven days a week, 8.00am-8.00pm.