Business Assets Insurance

State Business Assets covers business assets such as buildings, plant, contents, machinery and stock for accidental and sudden loss or damage.

Your policy covers:

• repair or replacement of your business assets if they’re accidentally and suddenly lost or damaged
• indemnity value for your business assets, although replacement cover is available for good quality buildings, machinery and contents (other than stock)
• money that’s stolen from your business
• motors that burn out (but not breakdowns – these are covered under Business Machinery Breakdown cover)
• customers’ goods and other property that you’re responsible for
• portable assets located away from your place of business
• damage to property for which you’re responsible as a tenant
• stock and customers’ goods being carried in your business vehicles
• consultants’ fees (e.g. architects) for repairing any damage and demolition costs.

You can also choose an optional extension to cover your assets for disaster damage (from earthquake, volcanic eruption, hydrothermal activity or tsunami), in most areas.

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Business Interruption

Sudden and unforeseen events can cause loss of income and increased costs. State Business Interruption cover enables you to keep your business going.

Your policy covers:

• any income you lose if your business assets are lost or damaged
• reasonable extra costs required to keep your business operating following loss of or damage to your business assets (such as extra rent at a temporary alternative location).

You’re covered for any lost income and extra costs when:

• you can only partially use your business premises because an adjacent property has been damaged
• there is damage to your power, gas or water supply
• your customers’ or suppliers’ premises are damaged
• leased property (which you weren’t required to insure) at your premises is damaged.
  

State Business Interruption cover is only available if you take out State Business Assets cover.

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Business Income Protection

If you run your own business, State Business Income Protection covers the costs incurred because of poor health or injury.

Your policy covers:

• a set weekly amount if you’re injured or become ill and are temporarily unable to do any of your work
• a lump sum if you have an accident in which you die or become permanently disabled
• medical expenses you can’t claim from any other insurer (such as ACC or medical insurance) if you’re ill or injured and unable to work, or permanently disabled
• specified employees who are essential to the operation of your business.

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Business Liability, Statutory Liability and Employers Liability

We offer a range of Liability products as detailed below.

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Business Vehicles

State Business Vehicle cover offers comprehensive protection for your business vehicles wherever they travel in New Zealand. Choose Fleetline if your business owns 15 or more vehicles worth more than $250,000 in total.

Business Vehicle - Your policy covers:

• anywhere in New Zealand
• repair of your vehicles if they’re accidentally lost or damaged
• replacement of your vehicle or a payment of the market value up to the current sum insured if repairs are uneconomic
• a lifetime guarantee on any repairs to your car done by State Quality Approved Repairers 
• events involving uninsured drivers. In these cases you pay no excess if full liability is established against that driver
• windscreen cover, which means you can claim for damage to your windscreen or windows and you won’t pay any excess
• your legal liability for damaging someone else’s property, up to $20 million (including costs and expenses)
• your legal liability for injuries to other people, up to $2 million (including costs and expenses).

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Fleetline - Your policy covers:

• repair or replacement of your vehicles if they're accidentally lost or damaged anywhere in New Zealand, up to their market value (not higher than the amount they’re insured for)
• damage by uninsured drivers. In these cases you pay no excess if full liability is established against that driver
• your legal liability for damaging someone else’s property, up to $20 million (including costs and expenses)
• events in which any vehicle is used in any way without your authorisation
• vicarious liability, that is if someone using their vehicle for your business purposes causes damage to someone else or their property
• court defence costs for a charge of manslaughter up to $2,000
• the value of your own goods in transit up to $5,000
• transportation costs up to $2,000
• vibration or weight damage up to $100,000
• hoist damage up to $5,000
• the removal of debris or hazardous substances up to $10,000
• salvage costs after an accident.

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Business Machinery Breakdown

If your business relies on machinery, State can help you protect yourself in the event of a breakdown.

Your policy covers: 

• any mechanical, electrical or electronic plant or equipment that accidentally and suddenly breaks down will be repaired (if it is possible to repair it and over five years old) or replaced (if it is under five years old and not repairable)
• access to an extension if you use refrigeration units in your business, which can cover the loss of contents that deteriorate because of a breakdown.

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Contract Works

State Contract Works cover is ideal for buildings under construction, and civil works.

Your policy covers: 

accidental loss of or damage to property that’s being built or altered

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Electronic Equipment & Data

State Electronic Equipment and Data cover protects your business’ computer hardware and software if they malfunction, which can cause serious and expensive disruptions.

Your policy covers: 

• repair of any electronic equipment that’s lost or damaged because of a breakdown (if it is possible to repair it and it is over five years old) or replaced (if it is under five years old and not repairable)
• damage or loss of computer data
• extra costs involved in hiring alternative computer systems while your system is being repaired or replaced.

For more information, to get a quote or to arrange your cover, please call us on    0800 2 STATE (0800 2 78283).

Important - This information is only a summary so please read your policy wording thoroughly.

Trade

Policy Extensions

Protect your plant, tools and stock.

• Covers accidental and sudden loss or damage to your assets anywhere in New Zealand.
• You're automatically covered for natural disaster damage.
• We'll cover customers goods that you are responsible for.

Important - This information is only a summary so please read your policy wording thoroughly.