Business insurance · New Zealand · Head-to-head
AMI Business vs NZI Insurance
Two New Zealand business insurance options, compared side by side for New Zealand trades.
Which should you choose?
AMI Business and NZI Insurance 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 · ListedIAG 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.
NZI Insurance
Tier A · ListedIAG New Zealand's business insurance brand, sold through insurance brokers
NZI is the business and commercial insurance brand of IAG New Zealand, part of Insurance Australia Group (IAG), whose other NZ brands include AMI, State and Lumley. IAG says NZI provides business, rural and personal insurance through brokers, so trade businesses buy NZI cover through an insurance broker rather than directly.
Pros
- + Backed by IAG New Zealand, part of Insurance Australia Group
- + Broker distribution means advice on cover for your trade
- + Business, rural and personal cover available through one broker
Cons
- − No direct online quote; you need a broker
- − No public prices
- − Product details for trades are set per broker quote
New Zealand note
Sold through New Zealand insurance brokers; there is no direct online quote. Cover, limits and premiums for a trade business are set in the broker's quote.
More New Zealand options
See all New Zealand business insurance vendors and the rest of the New Zealand directory.