Business Insurance on the Central Coast

Business Insurance for Central Coast 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 23, 013 small businesses on the Central Coast, with 3,443 additional new businesses registered in 2018 alone.

The main employing industry is Healthcare and Social Assistance, employing 15.3% of the population, followed by Construction, which employs 11.3% of the population, followed by Retail Trade, which employs 11.1% of the population.

The sector with the largest amount of registered businesses is Construction, with 5,562 businesses registered. The industry with the second-largest amount of registered businesses is Professional Scientific and technical Services, with 2,824 registered businesses, followed by Rental, Hiring and Real Estate Services, with 2,214 registered businesses.

Like all small business owners, they are responsible for taking reasonable steps for the safety of their customers, suppliers and the community and for their property.