Business Insurance Providers Melbourne

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How much does Business Insurance cost?

... Visualizer *Data based on NSW BizCover customers How much do food businesses pay for Business Insurance? The average cost of a Business Insurance package for businesses operating in the food industry is $132.75 per month ...

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Business Insurance the Smart Way

... quotes from our trusted insurance partners: BizCover is all for small business We help clients compare and ... with any insurance questions you might have. BizCover works for you by: Compare multiple providers and buy ...

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How much does Business Insurance cost? OLD

... Visualizer *Data based on NSW BizCover customers How much do food businesses pay for Business Insurance? The average cost of a Business Insurance package for businesses operating in the food industry is $132.75 per month ...

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What is Business Insurance?

... or offsite) or you have stock items, then you need to protect these with the right Business Insurance cover: Businesses that own stock &/or fixtures and fittings and contents Consultants that use portable valuables like ...

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Business Insurance

... damage d , stolen or if you sustain financial loss due to an insured interruption to your business. Business insurance usually falls into t hree categories : a) Material damage loss for your physical assets b) Financial ...

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Business Insurance on the Gold Coast

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

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Business Insurance on the Central Coast

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

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Business Insurance In Wollongong

... Wollongong pay  $ 70.12 ** per month for  their business insurance package . Business  insurance is one of the most popular types of insurance for sm all businesses in Wollongong . In fact, it is  arguably important for ...

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Business Insurance in Townsville

... Townsville pay $91.55 * * per month for their business insurance package. Business insurance is one of the most popular types of insurance for small businesses in Wollongong. In fact, it is arguably important for almost ...

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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 ...

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Business Insurance in Parramatta

... Parramatta pay $71.30 * * a month for  their business insurance package . Business  insurance is one of the most popular types of insurance for small businesses in Newcastle . In fact, it is arguably important for almost ...

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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 ...

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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 ...

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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 ...

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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 ...

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Business Insurance in Geelong

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

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Business Insurance in Cairns

... . Just took the hassle out of the experience. Professional.” Sharron W. Disability Services Provider H ow much does Business insurance cost? On average, small businesses in Cairns pay around $73.93 * * a month for a ...

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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 ...

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Business Insurance in bunbury

... in Bunbury pay around $54 * * a month for a Business insurance policy. Business insurance is one of the most popular types of insurance for small businesses in Bunbury. In fact, it is arguably important for almost every ...

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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 ...

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Money Cover*

... to Business Insurance Money Cover* Money insurance protects your business money ... provider ceases trading the following day. What's typically covered? Business Money in transit Business Money in your building/s Business ...

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No Dramas

... of trying to save both time and money, and while your to-do list may be growing, putting off your business insurance is one thing that cannot be pushed aside. The reality is that accidents can happen at any time and the ...

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Business Interruption Cover*

What’s covered & what’s not Things to consider Back to Business Insurance Business Interruption Insurance Most small business owners like to prepare for unexpected events by insuring their premises, contents or stock. ...

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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 ...

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Goods in Transit

What’s covered & what’s not Things to consider Back to Business Insurance Goods in Transit* Goods in Transit covers (subject to a specified limit) loss or damage to goods owned by you which are damaged in transit by road ...

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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 ...

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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' ...

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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 ...

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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 ...

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Professional Attire Insurance

... insure you never look bad again. Cover for split pants, tears and even skid marks. Compare quotes from our trusted insurance partners: Do you normally make Frank Sinatra look like a hobo in a suit? Do you rock a hard hat ...

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Business Insurance Perth

... you have adequate cover in place. These are some examples of when you may need business insurance for your business: Public Liability insurance* May be required to work on certain contracts Required before you work on a ...

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Business Insurance Melbourne

... cover to work on contracts Required by your industry board or body to become a professional member The types of business insurances* your Melbourne business may need This is an overview of some of the different types of ...

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Understanding business insurance for bookkeepers

... negligence Contractual liability Events occurring before or after the policy period Business Insurance* There are a variety of different Business Insurance options that can help protect the things that matter most to ...

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Small Business Insurance Index

... the market at large has seen an increase in the cost of business insurance , the BizCover SME Insurance Price Index shows that overall pricing for SME insurance has remained flat over the last year. The BizCover index is ...

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Dishing up the facts on food business insurance

... like there is an overwhelming choice of policies and policy options to choose from. Why do I need insurance for my food business? Whether you are serving up fancy dishes in a restaurant, coffees in a café or tacos in a ...

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5 Surprising Things Business Insurance Can Cover

... thieves to make themselves welcome. Glass cover is often an option that can be taken out as part of your Business Insurance policy. In some cases may even be a requirement by your landlord. It not only covers repair or ...

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Small Business Insurance Price Index Q3

... are holding on to pricing gains made last quarter. The latest Quarterly BizCover Small Business Insurance Price Index has shown insurance rates dropping back two points. Despite this drop, some insurers have managed to ...

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The Easter Bunny’s Guide to Business Insurance

... 's factory broke down or the refrigerators that the eggs are stored in stop working? Within a Business Insurance pack the Easter Bunny would have cover for machinery breakdown and the deterioration of stock, covering the ...

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Home Based Business Insurance

... Cost What's included & what's not? Get the right cover FAQ's Why do Home Based Businesses need insurance? Just because you don't have a typical office or working space doesn't mean things can't go wrong. Whether ...

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7 ways to save on business insurance

... or give us a call on 1300 920 864 to learn how simple, quick, and easy buying small business insurance can be! *This information is general only and does not consider your objectives, financial situation or needs. It ...

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Public Liability Insurance In Brisbane

... or sell IT products/services. BizCover offers business insurance for a wide range of occupations in Brisbane; such as IT Consultants Web Hosting service providers Hardware/Software resellers and more Handymen As a ...

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Public Liability Insurance VIC PPC

... that determine the cost of your Public Liability insurance policy include: The location of your business What is included and excluded in your policy The insurance provider you choose The most accurate way to find ...

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How to become a contractor

... requirements Something which you may commonly come across as a requirement in contracts is holding a certain type of business insurance , often with the specific level of cover specified. Two of the most common types of ...

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A Guide to Hiring Contractors

... to establish a transparent and harmonious working environment. If your contractor requires help with getting their business insurance sorted get in contact with BizCover. We provide a drama-free experience with access to ...

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How to get an ABN

... like getting your ABN sorted. Another important thing to consider is getting your business insurance * sorted to help protect your small business. With BizCover you can get your policy sorted in minutes, without the ...

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Why Australia is a top place to run a business

... , this resource covers some of the basics to consider when setting up shop. Insurance options Once you've decided on starting your own business in the great southern land it makes sense to have the right measures in ...

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Why is brainstorming important for business?

... important thing to remember when brainstorming? Protecting your business and its great ideas, is something that you ... range of drama-free business insurance * solutions designed to safeguard your business for the long haul. ...

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How to find effective business ideas?

... them that you are capable of executing the job. In addition, some lenders will not speak to you until you have business insurance in place. Before you begin, accept that you do not need to be an expert. It’s quite OK to ...

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What Does It Cost to Launch an Online Business?

... , you need to consider protecting your small business with business insurance *. BizCover offers a r ange of business insurance products for all kinds of online businesses providing some much needed peace of mind to ...

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Lily Webb: why it's okay to pivot your career

... available on my website.” As the busy period approaches, Lily is also comforted by the fact she has her business insurance sorted just in case something goes wrong. “It's been tough after losing so much money in the last ...

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How to make your small business more sustainable

... and messy forms. We like to keep things simple with our easy to use online platform to get your business insurance sorted. With a selection of multiple Australian insurers you get your policy sorted in no time. Find out ...

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Understanding run-off insurance

... period of time by the insured. If you need to get your Professional Indemnity or Run-Off insurance sorted for your business today, get in touch with BizCover today. We provide multi-year Run Off options ranging from 1 ...

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Cyber Security For Small Business

What’s covered & what’s not Things to consider Back to Business Insurance Cyber Security Basics for Small Businesses Did you know that small business are the target of nearly half of all cybercrimes in Australia? As we ...

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Insurance for pharmacy and pharmacists

... compared to other providers within the market Insures the contents or stock of your pharmacy, up to $2 million in cover Trusted by over 100,000 small businesses Compare quotes from our trusted insurance partners: Why do ...

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Insurance for Pet Professionals

... accidental injury or death to a dog in your care. Business Insurance Business Insurance* is a package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event ...

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Reviews related to Business Insurance Providers Melbourne

  • Fantastic. Needed to organise business insurance for a new business over the Christmas holiday period. No other insurance companies were open. What a relief I could search, compare and secure a new insurance policy online through BizCover! Highly recommen

    Katherine W
    Motel Operation

  • You make life a lot simpler in choosing business insurance. Thank you.

    Paulus A
    Information Technology

  • easy process from start to finish for uncomplicated business insurance.

    Alisha O
    Management Consulting Service

  • Easy, great service, definitely recommend to those putting off business insurance because it's too hard"!

    Jordana B
    Professional Writer

  • Great alternatives for my business insurance. Saves a few hundred dollars by simply service the service :)

    Corey H
    Gift Shop Operation (Except Adult/sex Shop)

  • Made the whole process of securing business insurance easy! Thank you!

    Rosslyn C
    Management Consulting Service

  • Quick and efficient service for business insurance

    Franco M
    Horticultural Services

  • Simple easy and efficient service for business insurance renewals.

    Scott E
    Training Consultancy Service

  • Simple enough to navigate and compare, and as a first time business insurance purchase gave me confidence over other online services due to the disclosure of the underlying companies and their PDS.

    Duncan S
    Management Consulting Service

Business Insurance Coverage

A Business Insurance Pack is 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

 

These types of business insurance 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

 

Take a few minutes to consider some of the following risk areas and think about which ones impact you and how much cover your business would need should things not quite go to plan.

Frequently Asked Questions on Business Insurance

Business Insurance provides you with protection if your business  assets or premises are damagedstolen 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). 

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. 

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.  

While your office space may not the typical set up, just because you are working from home doesn’t mean that things can’t go wrong. Regardless of the type of work you are doing from marketing to managing an online store, different occupations each come with their own level of risks. 

These are some examples of the type of 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 

 

Common types of insurance for home based businesses 

Public Liability* 

One of the basic insurances to consider is 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 are injured or sustain property damage as a result of your negligent business activities. 

If you have clients visit your home based office or you visit them off site do you have protection in place if you were to accidently cause injury to them or damage to their personal property? 

Cyber Liability* 

Consider the outcomes if the client data you have stored was compromised. The impact could be destructive to your business.  Cyber liability insurance is a type of business insurance product, which protects your business against both the legal costs and expenses (including compensation payments) related to cybercrime incidents. Your coverage may generally 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 businesses reputation after an attack or data breach) 
  • Legal costs from any ensuing civil action taken against you or your company 

 

Personal Accident & Illness* 

Being self-employed, means you need to ensure you have 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). 

If you have purchased sickness/illness cover as part of your personal accident insurance you may be able to claim if you are diagnosed with COVID-19 and that diagnosis results in you being unable to work. Your cover will need to have been in place before you contracted the disease.  

Employment Practices Liability* 

Employment Practices Liability (EPL) Insurance is designed to help employers minimise the risk and potential cost of claims taken against them by employees. Covered claims may relate to allegations of discrimination, unfair dismissal and sexual or workplace harassment. 

Business Insurance* 

Options include (but are not limited to): 

Contents* 

Having a home based business means there are certain business assets that you will require to perform your day job. 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* 

If you are on the road and need items like your laptop, tools and equipment to perform your profession, then consider protecting your items 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. 

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.  

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.  

Prefer to talk?

Call us and talk to a real person.
Friendly, helpful service from a business insurance professional.

1300 249 268

Mon-Fri 8.30am-7.00pm
Sat 9.00am-5.00pm

*  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.