New Business Insurance
Running your own business can be very rewarding. It gives you the freedom to set your own goals and can provide you with the lifestyle you want. But getting your business up and running takes commitment, time and significant upfront financial investment.
As you build your business’ reputation and find new customers, you’ll probably want to protect your hard work and investment. So if you or a key person in your business is suddenly taken ill or has a serious accident, how will your business continue to grow?
The solution is AIA New to Business Cover.
New business insurance
- AIA New to Business Cover
Protecting your business for the future.
AIA New to Business Cover is a simple insurance plan designed specifically for new and start-up businesses (less than four years old). It provides a monthly income to help keep the business afloat if you or a key person in your business is unable to work due to illness or accident.
You have a choice of five income levels, and the money can be used for any purpose – to pay expenses, hire new staff or buy new stock for instance. What’s more, the amount you get won’t be reduced by any other insurance benefits you receive, like ACC or other income protection benefits.
Our New to Business Cover is a financial safety net to ensure your business is able to continue, even if you’re unable to work.
Please refer to the relevant policy document for full details of the insurance contract and the terms, conditions, limitations and exclusions that may apply.
- Guaranteed renewable to age 65
- Choice of five income levels
- Benefit is paid monthly in advance
- Choice of wait periods
- Premium waived while a benefit is paid
- Worldwide cover
If you or a key person in your business is sick or injured and unable to work for an extended period of time, AIA New to Business Cover will pay your business a fixed monthly income for up to two years to help keep your business running.
- Choice of monthly income: $2,000, $3,000, $4,000, $6,000 or $8,000 per month
- Benefit paid in advance each month
- Choice of waiting periods: 4, 8 or 13 weeks
- Use the money how you like
- Premiums waived while a benefit is being paid
- No reduction in payments if you’re also receiving ACC or other income protection benefits
With our New to Business Cover you’ll also receive a recurrent disability benefit, so if the same disability or illness occurs within 12 months we’ll waive the waiting period.
Contact us now to find an AIA Insurance Adviser near you.
| Qualifying age* | Depending on your occupation class, you need to be either 16 – 59 years* or 16 – 54 years of age |
|---|---|
| Duration of policy | Policies are annually renewable to age 65 |
| Benefit periods | 2 years |
| Cover options | $2,000, $3,000, $4,000, $6,000 or $8,000 per month |
| Waiting periods | 4, 8 or 13 weeks |
| Premium options | 1 year |
*Individual consideration will be given to ages outside this range.