Tower Business Insurance

Tower is a reputable and longstanding insurance company that’s been serving the people of New Zealand and the Pacific for over 150 years.

Throughout its history, Tower has demonstrated resilience and a commitment to customer satisfaction.  With a focus on growth, innovation, and financial strength, they’re dedicated to providing you with beautifully simple and rewarding experiences.

Operating in New Zealand and across seven Pacific Island nations, they offer home, business, commercial car insurance and more.

The power of innovation

Elevating commercial car insurance to a new level in New Zealand

Tower understands the importance of protecting the things that matter most to you. Whether it's your home, business, or commercial car insurance, they strive to provide comprehensive insurance coverage tailored to your needs.

They believe in delivering simple and memorable experiences, ensuring that you have a smooth and hassle-free insurance journey.

Their strategic priorities revolve around growth, innovation, and building financial strength and capability. By combining a creative and innovative mindset with cutting-edge digital, data, and technology solutions, they're taking insurance to a whole new level in New Zealand.

Embracing diversity and inclusion

They take pride in fostering a culture of diversity and inclusion. They recognise and celebrate the unique perspectives and experiences that each individual brings to the table. By embracing diversity, they can better understand and meet your diverse needs.

Their workforce is flexible, energised, and focused on what matters most to you. Through their creative and innovative approach, they strive to create an insurance experience that exceeds expectations and leaves a lasting positive impression.

Building on a rich history

Tower's origins can be traced back to 1869 when the Government Life Insurance Office (Government Life) was established with the support of the New Zealand government.

Over the years, they’ve undergone several transformations to serve you better. In 1999, they completed a demutualisation process, transitioning from a mutual association to a shareholder-owned company.

This move allowed them to access new capital and enhance their growth potential. Tower Limited was subsequently listed on the Australian and New Zealand stock exchanges, marking a significant milestone in its history.

In 2006, the New Zealand and Australian businesses of Tower were separated, streamlining operations and ensuring focused management.

150 Years of trust and innovation

Tower leading the way to a secure future

They’re a trusted and customer-centric insurance provider with a rich history spanning over 150 years. Their commitment to delivering easy and rewarding experiences sets them apart in the industry.

As they continue to grow and innovate, they remain dedicated to protecting the homes, cars, businesses, and things that matter most to you.

With a strong market position, a focus on sustainability, and a diverse and inclusive workforce, Tower is well-equipped to shape the future of insurance in New Zealand and beyond.

When it comes to protecting your business, Tower offers a range of comprehensive coverage options tailored to meet your specific needs.

Their business assets, business interruption, business liability, and commercial car insurance provide the peace of mind you deserve.

Safeguarding your business assets

Comprehensive business assets and commercial car insurance for peace of mind

Also known as material damage insurance, their business assets policy covers the physical assets that are vital to your business operations. This includes buildings you own, your fit-out, equipment, stock, tools, and materials. Their comprehensive coverage ensures that you’re protected against sudden and accidental physical loss or damage during the period of insurance unless excluded by the policy.

Key benefits:

• Extended replacement for fire benefit: Receive up to 20% more cover than your sum insured if your property is destroyed by fire (excluding natural disasters).
• Liability protection cover: Safeguards your business against claims for compensatory damages in case of injury or accidents on your premises.
• Loss of income cover: Provides financial compensation for the income you would have earned during business interruptions, such as floods or fires, ensuring business stability.

Business interruption insurance for unforeseen events

When unexpected events disrupt your business operations, their business interruption insurance steps in to provide coverage for lost profits, increased cost of working, claim preparation costs, and rent while your premises are out of action due to a loss insured under your business assets cover.

Key benefits:

• Business interruption coverage: Compensates for interruptions caused by insured damage resulting in the closure of transport routes, ports, or airports anywhere in New Zealand.
• Coverage for interference or interruption: Provides protection when insured damage to premises that supply goods to your business leads to interference or interruption.
• Compensation for hindered access: If insured damage hinders or prevents access to your premises within a one-kilometre radius, Tower offers compensation.
• Protection from financial impacts: Coverage shields your business from financial impacts caused by insured damage to public or private gas, water, or electric utilities (excluding the Maui platform or associated offshore pipelines).

Safeguard your business

Comprehensive liability insurance for peace of mind

As a responsible business owner, it’s crucial to protect yourself against legal liabilities. Their business liability insurance covers your legal liability in New Zealand, whether you operate from home, an office, or a retail shop. This coverage can be extended to employers and statutory liability as well.

Key benefits:

• Landlord's liability cover: Protects against personal injury and property damage liabilities if you own premises connected to your business.
• Product recall cover: Assists with costs related to product recalls due to covered claims, minimising potential liabilities.
• Tenant's liability cover: Provides protection against property damage costs for businesses that lease or rent premises.
• Coverage for punitive and exemplary damages: Offers up to $1,000,000 in protection for injuries connected to your business.
• Defence cost advancement cover: Ensures you receive necessary support and resources during legal proceedings, particularly for employers and statutory liability.