Sydney, Australia – 13 July 2023.
BizCover, the unrivalled titan of online small business insurance in Australia, has achieved an industry milestone reporting over 200,000 small businesses insured through its insurtech platform. This cements BizCover’s reign as the undisputed champion of affordable insurance solutions and instant online cover, protecting 10% of Australia’s insured smalll businesses to manage their risks and making business insurance easy.
Outpacing its competitors, BizCover takes the industry wheel driving strong customer acquisition over long-established giants like AON, reporting on its website more than 100,000 SMEs in Australia, and AAMI, an established insurance provider in the business insurance market since 2001, also reporting figures of 60,000 SMEs insured (as at the date of this release).
What sets BizCover apart is its pioneering status as the sole online platform connecting small businesses with multiple insurers providing highly competitive quotes and the ability to buy insurance online in a matter of minutes.
BizCover’s unparalleled success of 16.6% year on year growth is further fuelled by the support of selected leading Australian insurer partners, including QBE, AIG, Vero, Chubb, DUAL, Berkley, Hollard and Point Insurance all respected providers of insurance in the Australian market.
“We are thrilled that more than 200,000 SMEs are insured through our platform, and it is an incredible achievement that highlights our dedication to supporting small businesses across Australia,” said Michael Gottlieb, CEO and co-founder of BizCover.
Michael Gottlieb – CEO BizCover
“Since our inception 15 years ago, we have been unwavering in our mission to make insurance easy and affordable for small businesses. This milestone exemplifies our commitment to harnessing the latest technologies to ensure that Australian small businesses enjoy a hassle-free experience when purchasing their insurance.”
In an industry shackled by old fashioned processes and dreaded services, it’s clear that BizCover has taken the lead with more than 17,000 customers sharing endless positive reviews securing the business with an unrivalled Net Promoter Score (NPS) of 72+ in 2022.
There’s a clear vision for the future, with an aim to continue breaking new ground in 2023, continuing to revolutionise product technology releases that will continue to empower SMEs to protect their livelihoods.
“Even as we celebrate the extraordinary achievement of 200,000 customers, BizCover has already set its sights on the next milestone: to protect a quarter of million Australian small business and beyond,” said Gottlieb.
“I am deeply grateful to our customers for entrusting us with their insurance needs. Together with our incredibly talented team and partners, we are excited for the next phase of growth as we continue to disrupt and lead how SMEs manage their business insurance.”
For more information on how we calculated our awesome stat click here.