Business insurance · New Zealand · Head-to-head
AMI Business vs Vero Insurance
Two New Zealand business insurance options, compared side by side for New Zealand trades.
Which should you choose?
AMI Business and Vero 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.
Vero Insurance
Tier A · ListedSuncorp-owned NZ insurer with a Tradies Insurance policy sold through brokers and advisers
Vero Insurance New Zealand is part of Suncorp New Zealand, which belongs to Australia's Suncorp Group, and sells through insurance brokers, advisers and partners rather than directly. Its Tradies Insurance policy can combine cover for vehicles, tools, stock and equipment, mobile devices, premises, public and product liability and business interruption.
Pros
- + Tradies Insurance bundles vehicles, tools, liability and business interruption in one policy
- + Optional licensed building practitioner and defective workmanship cover
- + Broker or adviser helps set cover for your trade
Cons
- − No direct online quote; you need a broker or adviser
- − No public prices
- − Excesses, limits and exclusions vary by policy and are set in the quote
New Zealand note
Bought through a New Zealand broker or adviser (Vero has a broker locator on its site), not quoted directly online. Optional extras include licensed building practitioner cover and defective workmanship cover.
More New Zealand options
See all New Zealand business insurance vendors and the rest of the New Zealand directory.