Business Services Check List 

Here are 10 things to think about when it comes to covering your business:

1. Do you own or run a small or medium sized business?
   Don’t just rely on extending your personal insurance. It may not give your business the type or level of cover you expect or need.
2. When was the last time you reviewed your business insurance?
   A lot can change during the year like taking on new staff, getting into new areas of work, or purchasing new assets or equipment. So it’s always a good idea to review your policy and check you’re covered. Also it never hurts to shop around and check you’re still getting a good deal.
3. Do you own business premises?
   If you own your own premises you should consider Business Assets (to cover your stock, equipment and building) as well as General Liability insurance.  If you lease or rent, you still should consider Business Assets (to cover your stock and equipment) as well as General Liability insurance in case you cause any damage to the property you are in, or other people’s property.
4. Do clients visit your premises?
   Consider General or Public Liability insurance to cover you for accidental damage to other people’s property or injury to someone else.
5. If your premises or assets were damaged or stolen how long would it take you to get your business back up and running?
   With key assets damaged you may not be able to work for weeks, but you may still have bills and wages to pay. Consider Business Interruption insurance. It’s designed to cover loss of profits when your business assets are damaged. If you operate out of a fixed location such as an office or studio, then this type of cover becomes even more important.
6. Do you employ any staff?
   Consider Employer Liability insurance. This can cover sums that you are liable to pay as a result of your employee sustaining a personal injury.
7. How important are supplier partnerships to you?
   There can be some great financial and service benefits to dealing direct with an insurance company.  With TOWER, a business specialist will work with you to gain a real understanding of your business. Plus, when you call back, you can deal with that same person. That way you know exactly who’s looking after your business.
8. Would it help your cashflow if premium payments could be spread over the year?
   Ask your insurance provider about payment options. Cashflow can be an issue for small to medium sized businesses and paying on a monthly or quarterly basis can be more manageable than a one-off annual payment.
9. Do you use a vehicle for business use?
   Consider commercial motor vehicle insurance. With a policy tailored to your requirements you can be confident your vehicle and business will be back on the road as quickly as possible.
10. Do you think it is important to support Kiwi businesses?
    If you are keen to support other Kiwi businesses, then check to see if your insurance policy is offered by a New Zealand company. TOWER is a New Zealand company that’s been providing insurance cover for Kiwis for over 140 years.

Get a business insurance quote

For your business insurance quote or for more nformation, call us on 0800 379 372 Monday - Friday 8.00am - 5.00pm, or complete TOWER's online quote request form, and we
will contact you.