Basic Business Liability Insurance

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Statutory Liability*

What’s covered & what’s not Things to consider Back to Business Insurance Statutory Liability* Statutory Liability insurance covers the company, senior management and employees for allegations of wrongful breaches of key ...

Business Interruption Cover*

... to consider Back to Business Insurance Business Interruption Insurance Most small business owners like to prepare ... Business Interruption policy is the indemnity period, also known as the period of restoration/ liability. ...

Business Insurance

... main types of coverages include: Public Liability insurance Professional Indemnity insurance Business Insurance A business insurance pack can provide cover for your business premises and contents, against loss, damage ...

Business Insurance in Townsville

... 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 ...

Business Insurance FAQs

... cover? What is Goods in Transit cover? What is Product Liability Insurance? What is Product Liability Insurance? Ready to sort out your Business Insurance? Your small business is a big deal to us. Get the right cover by ...

Business Insurance in Geelong

... following an actual or threatened data breach. A cyberattack could bring a small business to its knees. Cyber Liability insurance can give small business owners in Geelong peace of mind that if a hack or data breach ...

How much does Business Insurance cost?

... , as well as financial loss due to business interruption. There is also the option to include your Public Liability cover in a Business Insurance pack. The beauty of Business Insurance is that it can be tailored to suit ...

What is Business Insurance?

... , theft and accidental damage of office equipment, such as chairs, desks and computers. Public Liability Insurance which covers your business against the legal costs of a claim for injury or damage to the property of ...

Business Insurance on the Central Coast

... Coast pay around  $ 68.66 a month **for a  Business insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is arguably important for almost every kind of ...

Business Insurance In Wollongong

... Liability insurance can cover, the cost of it 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 ...

Employment Practices Liability

... s covered & what’s not Things to consider Back to Business Insurance Employment Practices Liability Cover* Employment Practices Liability (EPL) Insurance is designed to help employers minimise the risk and potential cost ...

Business Insurance in Bunbury

... specified circumstances.  In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks. Business Insurance is an insurance package designed to provide cover for your ...

Business Insurance in Bundaberg

... a range of covers to suit your business needs Compare quotes from our trusted insurance partners: Business Insurance* for Bundaberg businesses Business Insurance is an insurance package designed to provide cover for your ...

Common small business insurance claims and how to prevent them

... Here are some of the most common BizCover Business Insurance customer claims, and tips on how to prevent ... broken freezer, investing in a backup generator. 5. Liability Claims Another common claim seen all too often is for ...

Business Insurance on the Gold Coast

... 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 , ...

Business Insurance in Toowoomba

... in Toowoomba pay $60.97 ** per month for  t heir business insurance packages . Business  insurance is one of the most popular types of insurance for small businesses in Toowoomba . In fact, it is arguably important for ...

Business Insurance in Parramatta

... 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 ...

Business Insurance in Newscastle

... pay around  $ 71.06 ** per month for  their business insurance  p ackage . Business insurance is one of the most popular types of insurance for small businesses in Newcastle . In fact, it is arguably important for ...

Business Insurance in Melton

... 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 ...

Business Insurance in Mackay

... a range of covers to suit your business needs Compare quotes from our trusted insurance partners: Business Insurance for small businesses in Mackay Business Insurance is an insurance package designed to provide cover for ...

Business Insurance in Launceston

... range of covers to suit your business needs Compare quotes from our trusted insurance partners: Business Insurance* for Small Businesses in Launceston Business Insurance is an insurance package designed to provide cover ...

Business Insurance in Cairns

... Cairns pay around $73.93 * * a month for a Business insurance package . Business insurance is one of the most popular types of insurance for small businesses in Cairns. In fact, it is arguably important for almost every ...

Business Insurance the Smart Way

... , no paperwork, no delays Use code SMART50 for $50 off Compare quotes from our trusted insurance partners: BizCover is all for small business We help clients compare and buy cover that suits all kinds of start-ups and ...

No Dramas

... quicker than you think. These are some insurance options you might want to consider: Public Liability insurance* : Public Liability insurance   provides cover for your business in the event a customer, supplier or ...

Machinery Breakdown*

What’s covered & what’s not Things to consider Back to Business Insurance Machinery Breakdown* This insurance covers the cost to repair or replace specified machinery following a breakdown. Did you Know? 'Breakdown' ...

Money Cover*

What’s covered & what’s not Things to consider Back to Business Insurance Money Cover* Money insurance protects your business money (which will include not only cash and cheques, but also items such as lottery tickets, ...

Theft Cover*

... not Things to consider Back to Business Insurance Theft Cover* This option can cover your contents and stock from theft, attempted theft or armed hold up. It is not uncommon for theft insurance to require the item stolen ...

Portable Equipment*

... s covered & what’s not Things to consider Back to Business Insurance Portable Equipment* Portal Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable equipment ...

Goods in Transit

... the goods you buy and sell? Are they sufficiently skilled and experienced? ← Back to Business Insurance *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy ...

Professional Indemnity Insurance And Public Liability Insurance

... against third-party claims that may occur from your business activities, they cover very different liabilities. Public Liability insurance * protects your business if a customer, supplier or member of the public are ...

Cyber Liability Insurance: the safety net small businesses need

... the best security systems are vulnerable to breaches. By implementing a few basic preventative measures and robust Cyber Liability insurance , small business' are ensuring they are able to survive cyber-attacks, now and ...

Legal Requirement for Public Liability Insurance

... Recall; or Punitive Damages. However, this is only a basic list as to what public liability insurance covers and a policy should be tailored to a business' needs based on the risk areas identified in consultation with ...

How to start a concreting business

... for your new concrete business: truck or van; basic office equipment including computers ... business owners are required to hold Public Liability insurance . They may also be required to hold Worker’s Compensation insurance ...

Understanding business insurance for bookkeepers

... will explore Professional Indemnity insurance in greater detail below, outlining the basic details of what the coverage ... your negligent business activities and claim against you. Public Liability Insurance also provides ...

Home Based Business Insurance

... Web developer What types of insurance do home businesses typically consider? Public Liability One of the basic insurances to consider is Public Liability insurance. Public Liability insurance  is designed to provide ...

Do online businesses need insurance?

... the policy. Along with Business Insurance you may consider Product Liability insurance for your online business. This typically forms part of a Public Liability policy and protects your business against claims by third ...

6 basic business tips for sole traders in Australia

... branding professional. However, there are a set of basic business tips, or self-employment tips, that all ... that your business is protected by sole trader insurance . Every business can benefit from business insurance and ...

Public Liability Insurance NSW

... before or after the policy period How much do Trades & Service pay for Public Liability Insurance? The average amount a small business operating in the Trades & Service industry in New South Wales can expect to pay ...

Public Liability Insurance WA

... occurring before or after the policy period How much do Trades & Service pay for Public Liability Insurance in WA? On average, a small business operating in the Trades & Service industry in WA pa id around  $70.82 per ...

Do I Need Public Liability insurance?

... your back pocket with Public Liability Insurance for your small business. Why Do I Need Public Liability insurance? Public Liability insurance may be essential for small businesses depending on the occupation, providing ...

Cyber Liability Insurance

... our service at excellent. What does Cyber Liability insurance typically cover? Cyber liability insurance is a type of business insurance which protects your business against both the legal costs and expenses related ...

Information Technology Liability Insurance

... injured or sustains property damage as a result of your negligent business activities. Product Liability insurance extends protect your businesses against claims by third parties relating to property damage or personal ...

What does Public Liability Insurance cover?

... means you could well end up paying for the claim straight from your back pocket . Bear in mind that Public Liability insurance is designed for all types of businesses, not just those who work in an office or have a fixed ...

Public Liability Insurance NSW

What’s the difference between Public and Product Liability insurance?

... need to know when it comes to protecting your small business with Public and Product Liability insurance. What is Public Liability insurance*? Public Liability insurance is designed to provide protection for you and your ...

A sole traders guide to understanding Public Liability Insurance

... ? Here are a few things to keep in mind when shopping around for your sole trader Public Liability insurance. Are my business activities covered? This is an important one to check, because the last thing you want to find ...

5 reasons to consider cyber liability insurance for your business

... from the cloud by back actors, it could cause major trouble for your business. Cyber Liability insurance can help protect your small business if this were to happen 4. A cyber-attack could financially destroy your ...

Public Liability Insurance Scenario

... been avoided altogether in just a few minutes online. What Janine needed was public liability insurance or insurance that protects you and your business from being found liable to a third party for loss, injury or damage ...

Public Liability Insurance QLD

... before or after the policy period How much do Trades & Service pay for Public Liability Insurance? The typical amount a small business operating in the Trades & Service industry in Queensland can expect to pay for Public ...

How much Public Liability insurance do I need?

... choose is ultimately up to you. Many business contracts will include a minimum amount of Public Liability insurance to be in place -stipulating the amount of Public Liability insurance you are required to have to comply ...

How much does Public Liability Insurance Cost?

... can expect to pay around $63.53 per month^ for Public Liability insurance . Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is important for almost every kind of ...

How much does Public Liability Insurance cost for Tradesmen?

... trade, one important factor that insurers use to determine the cost of your Public Liability insurance is the number of employees your business has. The more employees you have, the riskier your insurer perceives you to ...

Public Liability Insurance In Rockhampton

... in Rockhampton pay $35.40 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for ...

Public Liability Insurance In Port Macquarie

... in Port Macquarie pay $26.30 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for ...

Public Liability Insurance In Perth

... in Perth pay $33.80 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for almost ...

Public Liability Insurance In Mandurah

... in Mandurah pay $28 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for almost ...

Public Liability Insurance In Hobart

... in Hobart around $29.30 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for ...

Public Liability Insurance In Darwin

... in Darwin pay around $30.80 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for ...

Public Liability Insurance In Brisbane

... in Brisbane pay around $55 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for ...

How much does Public Liability Insurance Cost for Restaurants & Cafe?

... full breakdown: ^Data based on NSW BizCover customers Does the size of my business affect the premium? When asking how much Public Liability insurance costs for a restaurant or café, you'll need to factor in the number ...

Public Liability Insurance In Adelaide

... in Adelaide pay around $37.50 **per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is likely to be very important for ...

Public Liability Insurance Explained

... make sure you have enough cover in place. If you are renting a space for your business, having Public Liability insurance may also be a requirement of your rental agreement with your landlord. Recommended reading: Do I ...

What is Management Liability Insurance and Who Needs It?

... ways that they may be exposed in relation to the management of a company. Management Liability insurance can reduce the risk for business leaders and may be a sound investment for those looking to reduce their risks by ...

Top tips for buying Management Liability Insurance

... with a tax audit by the ATO, such as accountancy fees. 6. Cyber Liability Insurance: Cyber Liability insurance helps protect your small business from claims and supports your profitability in the event of a cyber breach ...

Management Liability Insurance

... covers the advice or service you provide to your clients, Management Liability insurance covers the risks that arise from running your business. For example: OH&S dramas Unfair Dismissal Sexual Harassment Statutory ...

Don’t let your business be an online target – what you need to know about Cyber Liability Insurance

... Symantec Internet Security Threat Report, April 2016) What is Cyber Liability Insurance and what does it cover? Cyber Liability insurance can protect your business from the impact of cyber threats and data breaches. Whil ...

Top 5 reasons for having Professional Indemnity and Public Liability insurance

... worked hard to build your business, so it makes sense to protect it. Below are the top 5 reasons NHAA members should hold and maintain Professional Indemnity and Public Liability insurance . 1. Protection against claims ...

5 tips for getting the best Public Liability insurance for your business

... owner, there's no doubt you're aware of the importance of protecting your business and your customers with Public Liability insurance . It offers protection should a customer, supplier, or even member of the public ...

Public Liability Insurance in QLD

... , when signing a contract to work with a client, or to lease commercial space for your business.Public Liability insurance does not cover professional services, such as mistakes or errors in your work, missed deadlines ...

Does Public Liability insurance cover employees?

... ? If you didn't, then you may have made some assumptions about what your Public Liability insurance covers. Some small business owners may believe that PL covers their employees if their injuries are caused by their work ...

5 Things to Consider When Buying Public Liability Insurance

... may not represent a true saving if the policy does not provide your business the sufficient coverage it needs. 3. Am I required to have Public Liability insurance cover ? Each S tate and T erritory ha s its own set ...

What tradies need to know about Public Liability Insurance

... as to what is required to obtain a licence. It is a common request for some tradie businesses to have their own Public Liability insurance sorted. If you are unsure if you need to have it and also the level of cover ...

Public Liability Insurance for Cabinet Makers

... cover required. What can happen if your business is left uninsured? Public Liability insurance is a common type of business insurance that different kinds of businesses take out as protection. Operating as an uninsured ...

Product Liability Insurance

... - monthly or annually Compare quotes from our trusted insurance partners*: What is Product Liability Insurance? Product Liability insurance protects your businesses against claims by third parties relating to property ...

Allied Health Combined Liability Insurance

... . Even if you're practice is home-based, the Public Liability insurance provided under your Home and Contents insurance may exclude claims relating to your business activities. Not what you are after? Explore our other ...

How much does Combined Liability Insurance Cost for Allied Health Professionals?

... criteria will apply.  Get a hassle-free quote for your business here. What is the average premium for combined Professional Indemnity & Public Liability insurance package? On average cost of an allied health combined ...

Business Interruption Insurance: Your 'Get Out of Jail Free' Card

... s etc. Relocation – If what most policies call an 'Additional Increase Cost of Working' is included, Business Interruption insurance may take care of both the moving costs and rent if a new property is required. Limited ...

The risky business of insurance

... a small business owner make savvy insurance decisions? Define “must haves” It's important to distinguish between 'must have' and 'nice to have' insurance. Examples of “must have” insurance: Public Liability - protects ...

Insurance for Architects

... ll have regular contact with clients, contractors and the general public. 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 ...

Insurance for Engineers

Top seven tips for comparing business insurance quotes

... the most common types of business insurance for Australian small business owners include: Public Liability insurance Professional Indemnity insurance Cyber Liability insurance Business insurance pack Commercial Property ...

Insurance for Restaurants & Cafes

... . Some of the factors that you need to think about when calculating what level of Public Liability insurance your food business needs include things like: Is there a minimum level of cover that may be required in ...

7 surprising ways business insurance can help your company

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How to start and grow your gutter business for success

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How small business can improve cash flow

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How to start a food truck business in Australia

... mobile food vans. Learn more about food truck insurance and how business insurance products such as Public Liability insurance and Theft insurance can help your food business recover faster from an insured event. *This ...

How to start a window cleaning business

... What types of insurance* should window cleaning business owners consider? Three types of business insurance that can help window cleaning business owners reduce their risk include: Public Liability insurance : Provides ...

Public Liability

... service team is on hand and on a mission to make you smile! Frequently Asked Questions on Public Liability Insurance Small business owners on average in the 2018/19 Financial Year paid around $63.53 per month^ for Public ...

4 essential tips for buying cyber insurance

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Protect your business with Statutory Liability Cover

... laws, which can be purchased as optional cover with your Business Insurance . In this post, we will explore the facts, benefits and features of Statutory Liability insurance . Australia and the law There are many acts of ...

5 ways to protect your business from liability risks

... your last line of defence against liability risks. How BizCover helps business owners with Public Liability insurance quotes Minimising your Public Liability risk and reducing liability claims can be essential for your ...

New Public Liability-1b

... details Compare and select quote Get Covered In 5minutes Here's the lowdown on Public Liability Insurance* As a small business owner you already have lots to worry about. From paying your employees to getting stock ...

New Public Liability-1a

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Reviews related to Basic Business Liability Insurance

So quick and easy to purchase liability insurance from a range of insurers. Very happy customer!!

Shirley M McIntosh
Trades & Services
Great Price on my Liability insurance

James M
Trades & Services
Easy very fast and efficient, 1st timer on public liability insurance

Les K
Door Or Window Wholesaling
I have never purchased public liability insurance so I had no idea about anything. I rang Biz cover and spoke to Patrick who was super helpful and explained everything to me in a simple way that was easy to understand, I believe that I have also received

Simona F
Kitchen / Bedroom / Bathroom Furniture Manufacture & Installation
So quick and easy to purchase liability insurance from a range of insurers. Very happy customer!!

Shirley M
Food wholesaling nec
very easy to get my public liability insurance done within minutes!! Thanks.

Troy M
Landscape Construction

What’s included & what’s not?

Get the right cover

Business Insurance Coverage

When looking for cover for your business there are a range of business insurance products that can provide financial cover for your business, some main types of coverages include:

Public Liability insurance
Professional Indemnity insurance
Business Insurance

A business insurance pack can provide cover for your business premises and contents, against loss, damage or theft as well as cover against any resulting financial loss from an insured interruption to the business. The type of business insurance and amount of cover you select will depend on the nature of your business and what areas you think you are the riskiest for you. Pick and choose the right business insurances that will suit you best. And you can include Public Liability Insurance to ensure you are not financially responsible for the costs of a legal claim should a third party get injured or suffer property damage whilst you are doing business.

What is typically covered by Business Insurance?

A) Material damage loss for your physical assets
B) Financial loss due to Business Interruption

What is typically not covered by Business Insurance

Negligence/breach of duty arising from an act, error or omission as a result of your professional services
Flood damage is generally excluded from standard policies
Known claims and circumstances

Industries that may require Business Insurance

Across Australia there are many different types of small businesses that help the economy going, from personal trainers to IT wizards, coffee shop owners, cleaners and the trusty tradies. While your day to day operations as a business may be different, there is always an element of risk when your run your own business. This is a snap shop of some of the typical type of businesses that may require business insurance.

Get the right type of Business Insurance

Your business may be considered ‘small’ but it’s big to you and big to us. That’s why we want to make sure you have the right protection. We offer various cover options to suit a variety of businesses.

For some types of businesses, business insurance may be a requirement, for example:

You may need to have your own Public Liability insurance sorted before you step onto a construction site
If you work on contracts you may be required to have a minimum level of Professional Indemnity insurance in place
If you are renting your business premises, your landlord may require you to have your own Public Liability and in some instances Glass cover sorted

Business Insurance Fact Sheet

Compare Business Insurance quotes

Frequently Asked Questions on Business Insurance

What is business insurance*?

Business Insurance provides you with protection if your business assets or premises are damaged, stolen or if you sustain financial loss due to an insured interruption to your business.

Business insurance usually falls into three categories:

a) Material damage loss for your physical assets
b) Financial loss due to business interruption
c)Personal injury/property damage claims against you

When it comes to small business insurance, there are multiple coverage options to select from. Each type of cover is designed to protect against different risks that your business may be exposed to. Some of small business Insurance coverage options include:

Building Insurance* which covers you for loss and damage to buildings you own, as a result of an insured event (such as fire, storm, wind).

General Property Insurance* which covers against theft and accidental damage of equipment, such as tools, laptops and mobile phones, while you are away from your office.

Office Contents Insurance* which covers you against burglary, theft and accidental damage of office equipment such as chairs, desks and computers.

Public Liability Insurance* which covers you if a third-party claim that your negligent business activities caused them injury or property damage. This includes defence costs cover.

Glass Insurance* which covers you for damage to internal and external glass, mirrors, porcelain and signage at your business premises.

Tax Audit Insurance* which covers fees of any accountants engaged in connection with an audit by the Australian Taxation Office.

Business Interruption* which covers you for the loss of income and increased costs of operating your business caused by a specified insured event (such as property damage or fire).

How much does business insurance cost?

Business Insurance is a packaged solution designed to protect your business from property, business and liability risks. There are different coverage options available under a Business Insurance pack, sometimes referred to as a Biz Pack.

The great thing about small business insurance is that you can select the type of coverage that is tailored to the needs of your business. Different businesses require their own unique forms of cover to protect them from the unique risks of their industry. For example, the types of risks a restaurant owner faces will be different to a dog groomer.

A common question SME operators ask is, “How much does Business Insurance cost?”. Unfortunately, there’s no one-price fits all answer. Some of the factors that can influence the cost of a Business Insurance policy include:

the type of cover and cover options taken
the nature of your business
the value of the property insured
where your business is located
the number of employees you have
your annual turn over
claims history

Have a chat to our BizCover sales team about the different kinds of Business Insurance we have available from some of Australia’s leading insurers to get an accurate cost of your Business Insurance policy.

Do home-based businesses need insurance?

Just because you’re working from home doesn’t mean things can’t go wrong. Every occupation and workplace comes with its own level of risk, and insurance could help you manage the financial fallout if things don’t go to plan.

These are a few of the home-based businesses we cover:

Administrative support services
Answering & reception services
Beautician
Consultants
Dog walking
Dog grooming
Graphic designer
Hairdresser
Online shops
Photographer
Writers
Web developer

There are many types of insurance that home-based businesses consider, such as:

Public Liability*

Do you have clients visit your home-based office? Do you visit them in their office or off-site locations? You may want protection in place should you accidentally cause injury or damage to their personal property.

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.

Cyber Liability*

Working from home may make you a desirable target for cybercrime. The Australian Cyber Security Centre estimates that up to 200,000 Australian small office and home office routers may be vulnerable to compromise¹. If your systems were attacked, the impact could be destructive to your business.

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

Your coverage may include cover for expenses and legal costs relating to the following:

Data breaches
Theft or loss of client information
Business interruption costs
Forensic investigation
Data recovery
Extortion
Fines and penalties
Crisis management costs (to restore your business reputation after an attack or data breach)
Legal costs from any ensuing civil action taken against you or your company

ASD’s ACSC Annual Cyber Threat Report, July 2021 to June 2022

Personal Accident & Illness*

Being self-employed, you may want to consider protection for your most important asset—you. This is where Personal Accident and Illness insurance comes into play, especially when you don’t have access to sick leave.

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).

Business Insurance Pack*

Looking for cover for your business contents, tools and equipment? What about protection to help you manage unplanned business interruptions, tax audits, or other risks associated with running your business?

You may want to consider a Business Insurance Pack, a customisable insurance package designed to help you cover the events above (and sometimes more) when an insured event occurs (such as fire, storm, theft or even accidental damage).

Options available through most Business Insurance Packs include (but are not limited to):

Contents*

Your home office may be full of business assets required to perform your job, like equipment, stock, and furniture. Even though these items are technically kept in your home, they may not be covered by your personal home & contents policy.

Contents insurance provides cover for loss of or damage to items such as business equipment, stock, plant and machinery, records and furniture belonging to you at the insured location.

Portable Equipment*

Running a home-based business doesn’t mean you’re always at home. If you are on the road and need items like your laptop, tools and equipment to perform your profession, you might consider protecting them with Portable Equipment cover.

Portal Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable equipment associated with your business. These can include tools of trade and items of stock.

Business Interruption*

Anything can happen when you’re running a small business. If unplanned events force a temporary shutdown, Business Interruption cover could help you keep things going.

Business interruption provides cover for the loss of income and increased costs of operating your business caused by a specified insured event (such as property damage or fire). It’s designed to assist your business to recover from an insured event by paying ongoing expenses (such as wages or rent).

Tax Audit*

A call from the ATO is enough to frighten many home-based business owners, and a tax audit is even scarier! You might want to consider cover to help you manage the costs of a business audit.

Tax Audit Insurance covers a business for specified costs in the event that it is selected by the Australian Tax Office for auditing. The policy offers coverage for the costs of accountants and other nominated professional fees incurred in the course of an audit.

What is the difference between Public Liability and Professional Indemnity insurance?

Public Liability and Professional Indemnity insurance are two fundamental forms of cover that both protect against very different risks. The main difference is the type of duty of care that each cover seeks to provide protection for.

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 are injured or sustain property damage as a result of your negligent business activities.

It also provides protection for legal and defence costs associated with a covered claim.

Professional Indemnity (PI) insurance* provides 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. 

What is Product Liability insurance?

Product Liability insurance* commonly forms part of a Public Liability insurance policy, providing protection for your business against claims by third parties relating to property damage or personal injury caused by your products. 

The term ‘Product’ is typically defined as anything that has been manufactured, constructed, erected, assembled, installed, grown, extracted, produced, processed, treated, altered, modified, repaired, serviced, bottled, labelled, handled, sold, supplied, re-supplied, distributed, imported or exported by you, or on your behalf. 

Product Liability insurance is designed to support you when your products cause a third party to sustain personal injury or property damage.  Product Liability insurance is intended to cover  compensation payable to a third party and your defence costs (these are the reasonable costs incurred while investigating and defending a covered claim including legal fees, experts fees and court costs). 

Product Liability insurance is there to help you from the moment an allegation of negligence relating to your product is made. 

Always check the limit of cover offered by your policy and any exclusions or geographical limitations.

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* 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.