Business Insurance* for Melton businesses 

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances.  In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks. 

According to the Australian Bureau of Statistics,1 there are 8,591 small businesses in Melton, with 2,037 additional new business entries in 2018 alone. 

The main employing industry is Retail Trade, employing 10.9% of the population. The second largest employing industry is Healthcare and Social Assistance, employing 10.7% of the population, followed by Transport, Postal and Warehousing, employing 10.4% of the population. 

The sector with the largest amount of registered businesses is Construction, with 2,291 businesses registered. This is followed by Transport, Postal and Warehousing, with 1,775 businesses registered, and Professional Scientific and Technical Services, with 688 businesses registered. 

Like all small business owners, they each have a responsibility to take reasonable steps for the safety of their customers, suppliers and the community and for their property. 

How much does Public Liability insurance cost?

On average, small businesses in Melton pay $79.55** a month for their business insurance package. Business insurance is one of the most popular types of insurance for small businesses in Melton. In fact, it is arguably important for almost every kind of business, from those that operate in the trades and service industries, to businesses that are predominantly office-based, such as consultancy occupations.  

Given the various industries and occupations that business insurance can cover, the cost can vary greatly. This is due to several factors including:  

• The type and nature of your business  
• Your business turnover and size  
• The amount of insurance cover your business needs 

*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice. 

**We know, sometimes you just want a quick idea of how much your insurance is actually going to cost.  However, it’s important to note that the data included within this article was sourced from BizCover customer data during 2018/2019 and is intended as a guide only.  It may not reflect pricing for your particular business as individual underwriting criteria will apply.  Get a hassle-free quote for your business here. 

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1 This data is for 2018 and sourced from the ABS. https://itt.abs.gov.au/itt/r.jsp?RegionSummary&region=111&dataset=ABS_REGIONAL_ASGS2016&geoconcept=ASGS_2016