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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.

Monthly Disability can be used for three purposes

Business Overheads Cover

Business Overheads Cover removes some of the operational and financial strain of covering business expenses so you can focus on your recovery. The amount payable for the first three months of any claim will be the sum insured, irrespective of the actual costs to the business.

The amount payable after the three months will be the lesser of the sum insured or their share of eligible business overheads. 

Replacement Labour Cover

Replacement Labour Cover helps pay the costs of replacing a key person who is unable to work as a result of an illness or injury. Covering these costs assists in maintaining the business while the key person focuses on recovery.

Revenue Replacement Cover

Revenue Replacement Cover helps replace lost revenue in the event a key person is unable to work as a result of an illness or injury.


Monthly Disability Cover provides several benefits that are built into the cover as well as some options you can choose to add at an additional cost. This makes it easy to tailor your Monthly Disability Cover to suit your needs and budget.


Seasonal Adjustment Benefit and Farm Consultancy Benefit are only available to Farmers and those working in the Agriculture industry.


  • Intentional self-harm including attempted suicide
  • Taking part in a criminal activity
  • Pregnancy or complications resulting from pregnancy, unless the disability lasts more than 90 days after the pregnancy
  • Not following the advice and treatment of, or under the regular care of, a medical practitioner.

Where this cover is taken out for the purpose of business overheads, we would cover your regular day-to-day expenses incurred in the normal operations of the business, which include, but aren’t limited to:

  • costs of electricity, gas, water, heating, internet, telephone, laundry and cleaning and security contract costs
  • property rates
  • motor vehicle registration and warrant of fitness for motor vehicles used in your business
  • professional subscriptions
  • business insurance premiums including key person, fire and general and professional indemnity insurance premiums, accounting and audit fees
  • advertising costs
  • rent (including building operating expenses)
  • capital repayments towards an identifiable business asset, such as plant, equipment, machinery or vehicles
  • interest directly related to business loans
  • the gross amount of salaries and related costs for your employees who do not generate income.

Other business insurance income as a result of the same disability will be offset.

Mandatory cover required to access: Premium Cover

Occupation classes: 1-4

Your occupation class is determined by the work you do. Your financial adviser will be able to help you work out what occupation class will apply to you.

Is Assurance Extra Business for me?
Is Assurance Extra Business for me?

Find the right cover

To make sure you choose the right cover for your needs, you'll need the help of a qualified Financial 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.

Your insurance is underwritten by Chubb Life Insurance New Zealand Limited (Chubb Life). Chubb Life has an A (Excellent) financial strength rating given by A.M. Best Company Inc. A summary of the rating scale is: A++, A+ Superior | A, A- Excellent | B++, B+ Good | B, B- Fair | C++, C+ Marginal | C, C- Weak | D Poor | E Under Regulatory Supervision | F In Liquidation | S Suspended. For the full rating scale and more rating information visit