Assurance Extra Business

Running your own business is one of the most rewarding jobs. And watching it succeed makes all your hard work worthwhile.

We’re all business (people).

Did you know that in New Zealand SMEs make up 97% of all business?
Chubb Life’s Assurance Extra Business has been designed help business owners and their teams see the clear benefits of protecting their life’s work from disruption by maintaining business continuity. Take a look at the tailor-made benefits:
Easy ownership transfer

The Ownership Transfer benefit allows for easy transfer of the policy to new business owners and shareholders. This allows cover to stay in place even if there are significant changes to the structure of the business.

Monthly Disability benefit

The Monthly Disability benefit can be based on your Business Expenses, Replacement Labour, or Replacement Revenue -  whichever is the most suitable.

Business Increase Option

Assurance Extra Business cover also has a Business Increase Option, which allows for future increases to the Monthly Benefit as the business grows.

Key Person Startup benefit

Our Key Person Startup benefit has been enhanced and contains some great options for people working in the Agricultural sector.

What is Assurance Extra Business

Assurance Extra Business is a master policy for your business needs. It offers seven different types of cover, which you can choose from to suit your business needs and budget.
Life Cover

Insurance that pays a lump sum if you or a key person dies or is diagnosed with a terminal illness.

Trauma Cover

Insurance that pays you a lump sum amount if a life  assured gets a defined illness or condition for the first time.

Complete Disablement Cover

Insurance that provides a lump sum amount if a life assured becomes completely disabled due to illness or injury.

Monthly Disability Cover

Insurance that pays you a monthly amount in the event you or one of your key people are unable to work as a result of illness or injury.

Start-up Monthly Disability

Insurance that provides a monthly ‘agreed value’ benefit to help to compensate for losses a new business may face if a life assured is unable to work due to an injury or illness.

Specific Injury Cover

Insurance that pays a lump sum if you or a key person sustains one of the covered injuries as a result of an accident.

Premium Cover

Insurance that pays your policy premiums if you, or a key person in your business, become disabled and are unable to work.

Chubb Life believes all Kiwi deserve access to good quality financial advice. That’s why we work with Financial Advisers to help you choose the right insurance to protect what matters most.

Download

Assurance Extra Business

Product brochure

For more information on the cover options available with Assurance Extra Business, download the brochure.

Insights and expertise

We keep you informed — and your business protected — with these helpful articles.
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Small businesses in New Zealand that employ between 1-19 staff account for one third of all NZ businesses. Businesses with no employees (or sole traders) account for a whopping 63.7% of businesses. Kiwis clearly value owning their own business and being their own boss, but it doesn’t come without its stresses and risks.
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In New Zealand, 97% of our businesses are considered small businesses with less than 20 employees. Naturally, many of these businesses are owner/operator businesses, or are led by a single director. Businesses such as these need to consider how their business might continue to survive (and thrive) if they, or a key person within their business was to become terminally ill or pass away.
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Find the right cover for you

To make sure you choose the right cover for your needs, you'll need the help of a qualified Insurance Adviser. We can connect you with an Adviser near you. Leave your details and someone will give you a call for a quick, no-obligation chat about your personal insurance needs.