Cheap Business Insurance
- Compare multiple insurance quotes online
- Competitive pricing with our Price Promise
- Trusted by over 220,000 Australian Businesses
Compare quotes from our trusted insurance partners*:
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 ...
read moreHow much does Business Insurance cost?
... . *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 , ...
read moreBusiness 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 ...
read moreWhat 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 ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreBusiness Insurance in Townsville
... so you can work and play with less worry about something going wrong! How much does business insurance cost? Business insurance costs vary depending on many factors, including the type of cover you are after. For example ...
read moreBusiness 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 ...
read moreBusiness Insurance in Parramatta
... in 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 ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreBusiness Insurance in Geelong
... injury and property damage claims made by third parties. Business Insurance* Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreBusiness 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 ...
read moreCommon small business insurance claims and how to prevent them
... our limited resources it's hard to plan for everything. Here are some of the most common BizCover Business Insurance customer claims, and tips on how to prevent them. 1. Theft Theft is unfortunately common for small ...
read moreBusiness 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. ...
read moreMoney 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, ...
read moreNo 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 ...
read moreTheft 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 ...
read moreStatutory 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 ...
read morePortable 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 ...
read moreGoods 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 ...
read moreEmployment 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 ...
read moreMachinery 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' ...
read moreBizCover adds Ando Insurance to its NZ business insurance platform
... 1,000 occupations. Founded on the principle of making business insurance easy, BizCover looks to simplify comparing and buying insurance for small business owners. With its headquarters in Sydney, BizCover has operations ...
read moreHow to adapt your business insurance as your business grows
... In our guide we look at some of the things you need to consider when it comes to reviewing your business insurance policy and some of the other types of coverages that are out in the market. Having a risk management plan ...
read moreBusiness 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 ...
read moreBusiness Insurance Melbourne
... the right protections 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 ...
read moreTop tips to boost your small business insurance confidence
... in the event of a claim. Luckily you don't have to be an insurance wiz kid to know the basics of business insurance. This quick business insurance guide is here to give you some tips and tricks when it comes to getting ...
read moreHousekeeping your business insurance – A checklist guide
... Do you have enough coverage in place? Like a lot of things when running a business, you tend to set and forget when it comes to your business insurance policy. This is where you need to sit down and review the amount of ...
read moreA practical guide to understanding business insurance
... professional services or advice you may have provided. It may also be a requirement to have certain kinds of business insurance in place as part of your rental agreement e.g., Public Liability or Glass cover. To become a ...
read moreFind out how these SMEs saved hundreds on their business insurance
... . How can I make the switch? Whether you're switching from a different provider or it's your first time getting business insurance , we've made it easy to get it sorted. Having up to six of some of Australia's leading ...
read more5 reasons you should review your business insurance this Christmas
... with a data breach? If the answer is no, now may be the time to consider Cyber Liability insurance . Any business that trades through an online platform, uses email or IT systems, or deals with customer data could be ...
read moreA sole traders and freelancers guide to business insurance
... 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 , tax audit and for loss of revenue due ...
read more5 things to consider when purchasing business insurance
... that is payable under a policy for an insured event or item.. 5. How to buy business insurance? Shopping around for business insurance can be a time-consuming process, but luckily there are options there to help make it ...
read more3 reasons your business insurance may no longer be right for your business
... there are many perks to being your own boss, overseeing everything can get quite dramatic. Luckily with BizCover, business insurance doesn't have to be. Click here to compare quotes or give us a call today – no dramas ...
read more5 Common Mistakes to Avoid When Buying Business Insurance
... avoid them, you might wind up in trouble. This is often true when small business owners buy business insurance. There are many insurance mistakes that could cause you grief down the track. This article covers some of the ...
read moreHome 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 ...
read more7 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 ...
read moreHow real estate agents could save on their business insurance
... make a claim. So it's important to clearly understand what will and what won't be covered by any business insurance policy you are looking at before you purchase it. As a real estate agent, your priority is helping your ...
read moreSmall 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 ...
read moreThe 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 ...
read more6 things you didn’t know about small business insurance
... . A small price to pay even if it is unlikely you will have a million dollar claim. 2. However your business insurance may cover personal items If you have cover for theft and there is a break in to your office, you may ...
read moreSmall Business Insurance Index Q2: 5 point increase, largest in 10 quarters
... insurers will be able to continue to further push premium rates up. It is a great time to be a buyer of insurance and if businesses are willing to obtain multiple quotes it is likely they could still save on their ...
read moreGetting the best value on your business insurance
... plan for you we can help you with tips on getting the best value on your business insurance . Cover yourself up! Check your insurance cover levels to see whether you have the right levels of cover. First let's make ...
read more5 reasons to review your business insurance this Christmas
... or manufacturing, chances are at this time of year you are carrying increased stock levels. Do you have Business Insurance to cover your stock and contents from theft or damage? And if you do have you considered whether ...
read moreWhy Aussie tradies may need business insurance
... ? Don't wait any longer. At BizCover, we provide a stress-free experience when it comes to getting your business insurance sorted. It only takes a couple of minutes, so give us a burl and visit bizcover.com.au to get ...
read moreThe beauty of ensuring your business insurance is Australian Made
... story In an industry dominated by big players, time-consuming paperwork and poor service levels, getting your business insurance sorted used to be one of those painful tasks. Our founders were troubled by the merry-go ...
read moreSmall 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 ...
read moreiSelect partners with BizCover to launch business insurance comparison
... company was thrilled to be partnering with BizCover to assist it in focusing on the SME business market. “Business insurance, like many of iSelect's other verticals, is a very complicated but important product. We know ...
read more5 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 ...
read more6 areas you may not have thought business insurance covers
... , but your payout could be less than you think. As with all the other cover options offered through Business Insurance if you make a claim on an underinsured building, (perhaps you were hoping to saving on some premium ...
read more7 Common Types of Small Business Insurance
... , there's no denying one the most important things you need to protect your assets is Small Business Insurance. But what kind of insurance do you actually need? There's no 'one-size-fits-all' when it comes to insuring a ...
read moreBizCover expands business insurance offering by partnering with Chubb
... with Chubb once again who bring along a great reputation in claims handling and expertise in small business insurance,” says Jane Mason, BizCover's Head of Product, Channels and Risk. Jane Mason, BizCover’s Head of ...
read moreDishing 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 ...
read moreTop seven tips for comparing business insurance quotes
... you want at a reasonable price. 7. Consider how urgent you will need coverage Where you purchase your business insurance from can affect how quickly you get covered. If you are signing a new contract or signing off on ...
read moreSpring Clean Your Salon’s Business Insurance
... fast, easy and drama-free. You just need to get back to basics. Reviewing your current cover Are your business insurance policies still a good fit for your salon? If it's been a while since you purchased cover, it might ...
read moreThe ultimate guide to business insurance for real estate agents
... are some of the typical kinds of cover real estate agents need to consider. Professional Indemnity Insurance In the real estate business, you have a great deal of responsibility. You r clients put their trust in you to ...
read moreGuide to Physiotherapy Business insurance
... , so there's no messy paperwork or jargon. Find out how we help you protect your business today. *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The ...
read moreUnderstanding 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 ...
read more7 surprising ways business insurance can help your company
... is one thing you can do. If you would like to find out more about different business insurance options to protect your business contact BizCover today. We provide multiple quotes from some of Australia's leading insurers ...
read moreA Mumpreneurs Guide to Understanding Business Insurance
... expert advice on marketing strategies or have the best smelling candle stand at the local markets, business insurance is something all businesses need to think about. So pour yourself a tea or coffee, turn off Zoom and ...
read moreThe Reality of Retail- Real Life Claims and How Business Insurance can Help
... between, no matter how much care you take, accidents and incidents can still happen-and that’s where business insurance comes into play. It provides peace of mind and protection during those times when you need it most ...
read moreBusiness Insurance Guide for the Self-Employed – Part 4
... ? Give us a call or jump online to discover a variety of business insurance options to help protect your business. At BizCover we're all about making insurance easy and hassle-free, providing multiple quotes from some of ...
read moreBusiness Insurance Guide for the Self-Employed – Part 3
... and a hassle-free experience give us a call or jump online. At BizCover, we make arranging your business insurance easy and lingo-free. Receive multiple quotes from some of Australia's leading insurers in minutes. * As ...
read moreBusiness Insurance Guide for the Self-Employed – Part 2
... which is why we've made it our mission to make it a bit easier . We've created a guide to business insurance for the self-employed that profil es the main types of cover to consider and how it can protect you for the ...
read moreBusiness Insurance Guide for the Self-Employed – Part 1
... for the long haul. From candle-makers to accountants , there are a variety of business insurance solutions that cater specifically to your profession. We've put together a jargon-free series to help with understanding ...
read moreFinding the right business insurance can be hard but BizCover makes it easy
... can result in personal liability for alleged or actual wrong-doing. In the past, the best way to find business insurance was to talk to people in your industry and ask for a recommendation of a broker familiar with your ...
read more5 signs it might be time to switch business insurance companies
... more employees, and increasing annual revenue are just a few changes that could affect your business insurance cover. If your business has changed since you first started, you may want to review your policies. You might ...
read moreBusiness Insurance Savings
... Mistakes, errors or omissions in your work Professional wrongdoing Giving incorrect advice Business Insurance Provides cover for your business contents, stock, tools and commercial premises when an insured event occurs ...
read moreSmall Business Insurance: Why you might want to ensure you’re covered!
... cost, time and disrupted focus occurred. The cyber crime is on the rise, cyber insurance may be required Many small businesses think their business is too small to attract cyber criminals yet in today's world size doesn ...
read moreInsurance for Cafes
... member of the public is injured or sustains property damage as a result of your negligent business activities. Business Insurance* Your business assets help make your café dream a reality and while you may not be able to ...
read moreYour holiday business closure checklist: 8 tips
... . This can be a great time to save money for your business. It's also a great time to make technology purchases. If ... business insurance. So whether you require business insurance in South Australia or business insurance ...
read more8 tips for making your restaurant business a success
... with hard work and luck, you may soon see it thrive! Ready to protect your eatery business? Compare insurance for food businesses with BizCover and save. Buy online and get covered instantly—no paperwork, no dramas! Add ...
read moreBizCover Shortlisted for 3 Business Insurance Awards 2024
read more
Compare Business Insurance
read more
7 ways to be a more sustainable business
... 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 ...
read moreCyber 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 to ...
read more6 ways to save money on tradie insurance
... to those that do you may be missing out on the policy that is right for your business. 2. Use an Online Insurance Service Your business probably keeps you very busy. It might seem like there just aren't enough hours in ...
read moreThe risky business of insurance
... that 70% of these affected by a major event never recover. So how does a small business owner make savvy insurance decisions? Define “must haves” It's important to distinguish between 'must have' and 'nice to have ...
read moreTriumph after Tragedy for QLD Fitness Trainer Latest Winner of Bizcover.com.au $60,000 'Small Business Buddy Program'
... . BizCover partners with leading insurers to provide cover for over 2000 occupations and have taken the hassle out of buying insurance for more than 25,000 businesses so far. They are supporters of a range of other small ...
read moreA Guide to PI Insurance
... in under 2 minutes , and purchase in only a couple more. BizCover also allows business professionals to compare policies from leading insurance providers ( AIG , Dual and Vero ) to make sure that you're getting the ...
read morePros and cons of opening your own business
... you may need to put on as a small business owner is figuring out your business insurance. Small business insurance is an important consideration for many businesses as it offers protection against risks you may encounter ...
read moreInsurance for Engineers
... damage as a result of your negligent business activities. Business Insurance Pack Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when ...
read moreInsurance for Recruitment Consultants
... , or you inadvertently damaging your client's property. Business Insurance Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an ...
read moreEarthmoving and Excavators Insurance
... many types of coverage, such as: Building* If you own the building from where you operate your business, Building Insurance covers you for damage to the building caused by fire, storm and other perils listed within the ...
read moreReviews related to Cheap Business Insurance
-
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
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
Frequently Asked Questions on 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).
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.
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.
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