Business insurance · New Zealand
NZI Insurance
IAG New Zealand's business insurance brand, sold through insurance brokers
Market position
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.
New Zealand-specific 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.
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
Typical New Zealand pricing
Quote-based through insurance brokers; no public prices
Why this matters for New Zealand trades
Only EWRB-registered and licensed workers can carry out or supervise prescribed electrical work, with the practising licence renewed every 2 years; the PGDB registers and licenses plumbers, gasfitters and drainlayers and prosecutes unauthorised work; and Restricted Building Work on homes must be done or supervised by a Licensed Building Practitioner. WorkSafe enforces the Health and Safety at Work Act 2015 and says amendments take effect on 1 April 2027. The payroll tools listed here file payday information with Inland Revenue, and some act as PAYE intermediaries that pay PAYE to Inland Revenue for you. Master Builders and Master Plumbers membership is voluntary and does not replace licensing.
New Zealand trades vendor selection is shaped by registration and licensing (the EWRB for electrical workers, the PGDB for plumbers, gasfitters and drainlayers, and the LBP scheme for Restricted Building Work on homes), payday filing with Inland Revenue, KiwiSaver deductions, Holidays Act leave calculations, 15% GST, and health and safety duties under the Health and Safety at Work Act 2015.
Frequently asked
Is NZI Insurance a good fit for New Zealand trades?
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. 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.
What does NZI Insurance cost in New Zealand?
Quote-based through insurance brokers; no public prices. Pricing and availability can change by region; confirm current New Zealand pricing on the vendor's site before committing.