Business insurance · New Zealand · Head-to-head

AMI Business vs BizCover (NZ)

Two New Zealand business insurance options, compared side by side for New Zealand trades.

Which should you choose?

AMI Business and BizCover (NZ) are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and New Zealand-specific notes below against your trade and region.

AMI Business

Tier A · Listed

IAG New Zealand's direct insurance brand, with a Tradies Insurance bundle quoted online or by phone

AMI is one of IAG New Zealand's brands, alongside NZI, State and Lumley, and sells business insurance directly to small businesses. Its Tradies Insurance bundle combines cover for tools and equipment (up to $10,000, plus up to $5,000 for employees' tools and belongings) with public liability (broadform) up to $2 million. Tradies can get a quote online or by phone.

Pros

+ Direct online or phone quote, no broker needed
+ Bundles tools cover and public liability for small trade businesses
+ Covers employees' tools and belongings up to $5,000
+ Monthly or annual payment

Cons

− Tools cover is capped at $10,000 and public liability at $2 million in the bundle
− Theft from an unlocked vehicle or job site needs an optional add-on
− Sold direct, so there is no broker to advise on cover

New Zealand note

Quote online or call AMI on 0800 100 200, with monthly or annual payments. Tools are covered for accidental damage anywhere in New Zealand and for theft from a locked building or vehicle; theft from an unlocked vehicle or job site needs the optional Theft cover add-on, according to AMI's tradies page.

Typical New Zealand pricing: Online or phone quote; AMI advertises its Tradies Insurance bundle from $19 a week including GST, based on the most common occupations, paid monthly or annually

Full review → Visit →

BizCover (NZ)

Tier A · Listed

Online business insurance for NZ tradies, with cover from AIG, Ando, DUAL and BHSI

BizCover is an online business insurance platform, trading in New Zealand as BizCover Limited, that sells cover from four insurers (AIG, Ando, DUAL New Zealand and Berkshire Hathaway Specialty Insurance) and acts as the insurer's agent, not the customer's. It was founded in Sydney in 2008, is listed as one of AUB Group's business areas, and its NZ homepage says more than 18,000 NZ small businesses use it. It says it covers 900+ occupations, including builders, plumbers, electricians, painters and other trades.

Pros

+ Quote and buy online, with policy documents emailed straight away
+ Public liability limits from $1M to $20M
+ Publishes average monthly costs as a guide
+ Pay monthly or annually

Cons

− Acts as the insurer's agent, not yours
− BizCover fee of $20-$150 + GST per policy on top of the premium
− Paying monthly adds $8 + GST a month
− Commission and fees kept if you cancel

New Zealand note

For tradies BizCover sells public liability at six limits from $1M to $20M, tool and portable equipment cover, professional indemnity and other covers online, with policy documents emailed on purchase. On its tradie page it gives expected averages of $32 a month for public liability and $80 a month for tool cover (July 2023 to June 2024 customer average, a guide only). It adds a fee of $20 to $150 + GST per policy and keeps its commission and fees if you cancel.

Typical New Zealand pricing: Premium quoted per business; BizCover's tradie page gives expected averages of $32/month for public liability and $80/month for tool cover (July 2023-June 2024 customer average, guide only). Plus a BizCover fee of $20-$150 + GST per policy, and $8 + GST/month if paying by instalments

Full review → Visit →

More New Zealand options

See all New Zealand business insurance vendors and the rest of the New Zealand directory.

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