Business Insurance In Townsville

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Choose BizCover for Your Townsville Business Insurance Needs

Townsville is home to 12,000 small businesses as of June 20221. If you run your own small business, insurance could be an important part of helping it grow and thrive.

BizCover understands small businesses. Queensland small business owners can find cover that fits their business needs—no paperwork, no dramas. From Tradies and Retail Shops to Healthcare Professionals and Accountants, we can help you get covered online or over the phone in minutes!

“I was super impressed with how everything went with my claim. It was the first time I have had to make a claim and I was unsure how to proceed. I rang the call centre and the operator clearly explained everything to me as well and sent an email to me with the necessary paperwork and reply email address. Once I recorded everything and sent away my claim, the turn-around time was good and claim approved. Very pleased with service.”

Scott M., Gardener

Types of Business Insurance in Townsville

BizCover makes it easy to protect your Townsville small business, with cover options tailored to thousands of occupations.

While every business has unique insurance needs, many small businesses in Townsville consider policies like:

Public Liability insurance*

Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public brings a claim against you due to their being injured or sustaining property damage as a result of your negligent business activities.

A Public Liability policy may be required for some Townsville small businesses. It may be mandatory to receive a trade license, work with specific clients, or lease commercial space.

However, a policy can be useful even if it’s not required. Public Liability insurance helps you manage third-party claims of injury or property damage that could cost you hundreds or thousands of dollars to fix.

Business Insurance*

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.

Depending on which cover options you choose, your Business Insurance package could help you protect your Townsville business against the cost of replacing broken glass, damaged stock, failed equipment and more!

Professional Indemnity insurance*

Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

Some Townsville small business owners may need a Professional Indemnity policy to receive their professional license or join an industry association.

Professional Indemnity insurance may still be useful even if it is not mandatory for occupation. Your policy can help you manage the legal costs associated with negligence claims, missed deadlines, and other types of professional wrongdoing.

Cyber Liability*

Cyber Liability insurance covers losses from claims arising from data breaches, business interruption and remediation costs following an actual or threatened data breach.

Cyberattacks often bring small businesses to their knees, preventing business as usual and costing thousands of dollars (or more) in lost income, legal fees, and damage to your business’ reputation. But Townsville small business owners can have peace of mind knowing that their Cyber Liability policy is ready to help them cover costs and get back to work as quickly as possible.

Personal Accident and Illness insurance*

Personal Accident and Illness insurance can provide cover should you become permanently disabled or pass away as a result of an accident. Cover can also include a weekly benefit for loss of income if you are unable to work as a result of an unexpected injury or illness (even if it occurs outside of your employment).

Accidents happen. Your bills don’t stop just because an injury or serious illness means you’re unable to work while you recover. Personal Accident and Illness insurance can help you keep things running at home and in your business until you’re able to get back to work. It even covers you worldwide, so you can work and play with less worry about something going wrong!

How much does business insurance cost?

Business insurance costs vary depending on many factors, including the type of cover you are after. For example, a Townsville small business may pay around $34 per month for Public Liability insurance, the average cost for Queensland small businesses.

Insurers often consider different types of information about your business to help calculate your premiums. Depending on the cover you choose, this might include:

  • The industry you work in and/or your occupation
  • Your business activities or services you provide
  • Your business turnover and size
  • How many people the policy covers
  • Your professional or trade qualifications
  • How much cover you want or need
1. Australian Small Business and Family Business Ombudsmen, Location of Australia’s small businesses by state and territory, accessed 29 Sept 2023.
*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
† Average Premium is based on FY22 and presented as a guide only. It may not reflect pricing for your particular business, as individual underwriting criteria will apply.
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