MAS Business Insurance

MAS is an insurance and investment company that caters to professionals through its membership-based model.

Unlike other companies, MAS operates as a mutual society, where you become a member and shareholder. This means they don’t prioritise big profits and dedicate themselves to serving members.

Their advisers are also paid salaries with no commissions, ensuring they always have your best interest at heart.

The company’s roots go back to 1921 when it was established by doctors for doctors. Over the years, it’s expanded its services and now more than 80% of the medical professionals in New Zealand are insured with MAS.

They’ve grown to welcome all professionals, as well as their friends and family offering business insurance, investments and lending solutions.

MAS takes a responsible approach to investments

Celebrating its 100th anniversary in 2021, it’s proud to be a unique insurance company with a strong focus on serving the community. They believe that when Kiwi communities prosper, they also win.

This commitment is reflected in their “here for good” philosophy, which guides all their actions and initiatives.

They also collaborate with the Sustainable Business Network, exchanging ideas with like-minded companies.

In their investment business, they follow a responsible investment strategy, ensuring money is invested in a sustainable and socially responsible manner.

Engaging events and exclusive benefits

All members can benefit from three free counselling sessions available 24/7, ensuring privacy and support during difficult times.

MAS also organises engaging events where influential speakers share their insights, while you enjoy exclusive privileges and participate in interactive Q&A sessions.

This organisation fosters rewarding relationships with you and improves its services by offering exclusive banking benefits and support. These remarkable features prioritise your welfare and showcase a caring approach.

Stay ahead of the risk curve

Managing a business comes with immense responsibilities, but with a MAS business risk adviser by your side, you can rest assured knowing that your hard work is well-protected.

They understand the significance of having the right insurance to mitigate the risks associated with owning a business.

Affordable business insurance with excess starting at $250

The excess payment varies depending on the coverage type in the business insurance policy, ranging from $250 to $1000. Business interruption cover requires a minimum claim period of 24 hours.

MAS business insurance understands the significance of your business as the primary source of income for you and your employees.

They emphasise the importance of having the appropriate coverage to safeguard the livelihood of everyone involved. Whether you're embarking on a new entrepreneurial journey or managing a large-scale operation, MAS business insurance is committed to providing the right protection for your business.

The building cover provides essential protection for the buildings used in connection with the business, including walls, fences, gates, and underground services.

Tenanted buildings are also covered, extending to fixed floor coverings, partitions, signs, sign writing, drapes and blinds owned by the insured. Coverage options include replacement and market value cover, with additional coverage for:

• Stolen keys
• Hidden gradual water damage
• Consequential and expediting costs
• Capital additions and alterations
• Mitigation costs

Contents cover safeguards tangible assets such as

• Plant
• Furniture
• Furnishings
• Electrical equipment on the premises
• Stock-in-trade and money

Portable contents are protected - Coverage extends to:

• Employees' effects
• Accidental damage to leased buildings
• Contents owned by staff or social clubs
• Rewards for protecting insured property
• Counselling services
• Hidden gradual water damage

Defend your business against liabilities

Their business interruption cover protects if your business is disrupted due to insured events, covering consequential lost profits, increased costs, and interruptions caused by:

• Damage to leased buildings
• Prevention of access to premises
• Closure by legal authority
• Interruption of supply
• And unrecoverable book debts

The legal liability plan protects against liability for bodily injury and property damage caused in connection with your business, including cover for tenants' liability and severe damages.

Employer's liability option safeguards against liability for employee injuries, covering defence costs and exemplary damages.

Statutory liability coverage offers protection against fines, penalties, and defence costs in cases of strict liability offences. The employment disputes plan provides liability coverage and defence costs for damages arising from accidental violations of employment agreements.

The employee dishonesty plan safeguards against losses caused by acts of employee fraud or dishonesty.