1 in 10 insured small businesses use BizCover
We are proud that 1 in 10 small businesses* are insured through the BizCover platform
How did we calculate this awesome stat?
- According to ABS, there are a total of 2,506,012 SMEs (defined as business with under 20 employees). 1,550,151 of these businesses are self-employed.(1)
- The ICA reports a non-insurance rate of 12.8% in the small business sector with sole traders having the highest rate of non-insurance at 24.0%.(2)
- We have a customer base in Australia of around 210,000 in AU so 1 in 10 small businesses are insured with BizCover.
*”Small business” as defined by ABS and is based on ABS’s Counts of businesses August 22, and the estimate for businesses without insurance from the ICA’s 2015 guidance.
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. © 2025 BizCover Limited.
