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Business Insurance on the Central Coast

... 824 registered businesses, followed by Rental, Hiring and Real Estate Services, with 2 , ... .” Tina W. Heavy Machinery and Equipment Repair and Maintenance How much does Business insurance cost ? On average, small businesses ...

Business Insurance in Bunbury

... even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... 585 businesses registered. Its followed by Rental, Hiring and Real Estate services with 401 registered ...

Business Insurance on the Gold Coast

... even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... 679 businesses registered. This is followed by Rental, Hiring and Real Estate Services, which has 10 , ...

Business Insurance In Wollongong

... even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... with 1 , 727 registered businesses, and Rental, Hiring and Real Estate Services, with 1 , 355 registered ...

Business Insurance in Toowoomba

... accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... with 2 , 553 registered businesses, and Rental, hiring and Real Estate Services with 1 , 632 registered ...

Business Insurance in Parramatta

... even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... Services with 3,746 businesses, and Rental, Hiring and Real Estate Services, with 3,092 registered ...

Business Insurance in Newscastle

... accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... 1889 registered businesses, and Rental, Real Estate and Hiring Services, with 1 , 546 registered services. ...

Business Insurance in Mackay

... accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... 1 , 520 registered businesses, and rental, Hiring and Real Estate Services, with 1051 registered businesses ...

Business Insurance in Launceston

... or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue ... . The second largest sector is Rental, Hiring and Real Estate Services, with 720 registered ...

Business Insurance in Cairns

... even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue ... registered. This is followed by Rental, Hiring and Real estate services, which has 1630 ...

Business Insurance in Bundaberg

... even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of ... registered businesses, and Rental, Real Estate and Hiring, which has 673 registered businesses. Like all ...

Portable Equipment*

What’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 ...

Business Insurance

... 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 , whil e you are away from ...

What is Business Insurance?

... . Employee Dishonesty Covers financial loss from dishonesty of employees. Portable Equipment Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

Common small business insurance claims and how to prevent them

... and your bottom line. Whilst you've got the insurance to help you out, you'd ultimately rather ... of Sydney faced a $49,000 loss of their hardware and equipment after the storm caused water damage to their premises. You can ...

Business Insurance in Townsville

... occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances ...

Business Insurance FAQs

... cover? What is Electronic Equipment 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 ...

Business Insurance in Geelong

How much does Business Insurance cost?

... . There are several different cover options available under a Business Insurance pack to protect things like your business premises, contents, stock and equipment, as well as financial loss due to business interruption ...

Business Insurance in Melton

Business Insurance the Smart Way

... each policy if you use the code SMART50 and a dedicated point of contact to help you with any insurance questions you might have. BizCover works for you by: Compare multiple providers and buy your policy online in just ...

No Dramas

... you operate your business out and about then consider the importance of insuring your valuable equipment with Portable Equipment insurance. Portable Equipment insurance covers you for loss and damage to items of portable ...

Theft Cover*

... or armed hold up. It is not uncommon for theft insurance to require the item stolen to have been securely stored ... a tenant Advertising and display equipment Computers and other equipment for storing data Machinery and ...

Business Interruption Cover*

... Losses beyond the indemnity period Voluntary closures Losses due to breakdown in equipment or machinery Who needs Business Interruption insurance? If you run a business that would be impacted significantly if an ...

Goods in Transit

... or gas in bulk Livestock Cigarettes, tobacco, wines, spirits or other alcoholic beverages unless shown on your insurance certificate Things to consider Are you in the business of buying and selling items? If so, is it ...

Employment Practices Liability

... and dishonesty Property damage Prior or pending claims - claim arising before the period of insurance *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording ...

Machinery Breakdown*

... which requires repair or replacement. There are a number of types of breakdown which are not covered by an insurance policy such as those related to wear, tear and gradual deterioration or a lack of service or repair ...

Money Cover*

... outside business hours. Outside of Australia (subject to additional benefit - Traveler's money). *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The ...

Statutory Liability*

... those set out in the policy wording) Prior or pending claims Property damage Criminal offences *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The ...

Earthmoving and Excavators Insurance

... set foot on a construction site. Many clients may not hire you as an excavator or earthmoving contractor if you don't ... run your business and store your tools and equipment. Business Insurance* A lot can go wrong when you ...

Top 6 mistakes to avoid when hiring a contractor

... look out for when hiring a contractor for your business. 1. Not checking their contractor insurance Although you may assume ... a start and estimated end date, materials and equipment that will be used, and a system for ...

Why do welders need insurance?

... your legal expenses if you need to hire a lawyer in the event that a ... Equipment cover means that you are covered if your welding tools and equipment are lost, damaged, or stolen, which makes welding liability insurance ...

Insurance for Glaziers

... Portable Equipment cover is an optional addition to a Business Insurance policy. These insurance packages ... insurance can help you continue to pay the bills or hire a subcontractor while you recover. How much does insurance ...

Insurance for Tradesmen

... Equipment cover - it insures items such as tools, business equipment or electronic items. Professional Indemnity insurance ... hire external professionals, like an accountant to assist in the process. Tax Audit Insurance ...

5 Surprising Things Business Insurance Can Cover

... that can be taken out as part of your Business Insurance policy. In some cases may even be a requirement by ... also cover additional costs, such as the hire of temporary equipment, express delivery or air freight so that ...

Tech Startups Insurance

... Equipment Portable equipment (or general property) insurance can cover specified items such as tools, business equipment ... may need to hire external accountants to assist in the process. Tax Audit Insurance covers a ...

A practical guide to understanding business insurance

... wording. Portable Equipment *: Portable Equipment insurance (also known as General Property insurance) covers you ... you may need to hire external accountants to assist in the process. Tax Audit Insurance covers a business ...

Benefits of insurance for small businesses

Understanding Insurance for Interior Designers

... as an interior designer. Professional Indemnity insurance* Clients hire you for your expert interior design skills ... the policy. Portable Equipment insurance* Sometimes referred to as General Property insurance, this form ...

Insurance for Flooring Installler

... you know? Public Liability insurance is often required to enter work sites or be hired as a subcontractor. You ... Portable Equipment cover, an optional part of many Business Insurance Packs, covers the tools and equipment ...

Keep calm and stretch on with Yoga Teacher insurance

... piece of your equipment resulting in shattering the wall-to-wall mirrors in a studio you were hiring, you can rest ... as part of a Business Insurance pack to protect your valuable equipment at your fixed business location ...

Lawpath: Minimum Insurance Coverage Amounts in Contracts

... hook, one party may cause damage to the other party's equipment, or one party may become bankrupt, leaving the other party ... minimum insurance coverage clauses. Need help handling insurance in your contracts? You can hire ...

How to adapt your business insurance as your business grows

... type of insurance you require, some of the things to review may include: Have you hired staff? Have ... insurance comes into play. Portable Equipment* Portable Equipment insurance (also known as General Property insurance) ...

Insurance for Handymen

... accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss ... without having to worry. Claim Examples A handyman was hired to remove some tiles from a bathroom in an apartment ...

Insurance for Plasterers

... you know? If your business hires sub-contractors, take the time ... insurance provides peace of mind. Business Insurance: Portable Equipment Cover Insuring your expensive tools and equipment is a wise move. Portable Equipment ...

Understanding insurance for recruitment consultants

... mix of factors like marketing, balancing the books and importantly hiring the right talent to do the job. It's an ... out a Business Insurance policy. Portable Equipment* : also known as General Property insurance , covers ...

Housekeeping your business insurance – A checklist guide

... new business contents, stock, equipment make sure the amount you have listed on your Contents insurance* policy is enough to ... are also updated on your Building insurance* policy If you have hired more staff, you may also ...

Small Business Insurance: Why you might want to ensure you’re covered!

... large organisation they may stipulate that you have certain insurance to work for them. For example handymen are ... by an event which meant that your stock, equipment or even your premises were seriously damaged or destroyed ...

Customer Spotlight: Tirol Sports

... this year and need to hire some equipment, have your equipment tuned, repaired or even have ... with Hagen and his team at Tirol Sports. Even better, mention this article and they'll throw 15% off ski and equipment hire.

Comparing Portable Equipment & Electronic Equipment Cover

... offered and which one is right for you. This is especially the case with Business Insurance options like Portable Equipment and Electronic Equipment cover , so let's take a few minutes to compare the two and get our ...

Insurance for Concrete Pumping

... pumping business. You may want cover for unplanned events like fires or broken equipment. Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial ...

Insurance for Fencing Contractors

Why some tradies should consider Professional Indemnity insurance

... . But while many tradies get more popular types of cover for their small businesses such as Portable Equipment * insurance for their tools or Public Liability * to protect against third-party claims, there are some risks ...

How to hire quality tradesmen for your small business with Oneflare

... it comes to having the job done. Depending on what kind of tradesperson you're hiring, there are two different types of insurance to look out for. Public Liability Insurance This is the most common and essential form of ...

How to hire an apprentice or trainee for a trade business

... of them could include managing risk via insurance for tradesmen , including how to find. Know your obligations before hiring an apprentice There are many business advantages to hiring an apprentice, but don't become ...

Hiring a contractor checklist and tips

... business you have less exposure to legal liability because contractors will have their own insurance policies in place Cons of hiring a contractor Having contractor workers make up part of your workforce is not the same ...

A guide to essential roofers tools and equipment

... gutters and drip edges. Power tools Sometimes you need roofer equipment with a bit of power! Power tools help make your ... not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions ...

The definitive guide to earthmoving equipment

... business. As you sort through the earthmoving equipment for your earthmoving business, you may also be interested in reducing your businesses' exposure to risk through business insurance. BizCover can help with that. We ...

Spring 2020 BizGiver Winner to Spend Grant on Life Saving Equipment

... we could to help by defer ring their insurance payments, keep ing their livelihoods and their small ... will allow me to provide life-saving treatment with the right equipment (AED first-aid machine ) to those who need it ...

Business Insurance Guide for the Self-Employed – Part 3

... Your time or salary or lost opportunities Your employee's time or wages Portable Equipment* Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

Understanding Insurance for Graphic Designers

... damage or some other defined event listed in the policy. Portable Equipment Insurance* Even when you're out meeting clients, you need your equipment like your laptop to help illustrate and share your concepts. Just ...

Insurance for Concrete Contractors

Insurance for Car Wash and Auto Detailers

... the cost to repair or replace specified machinery following a breakdown. Portable Equipment* Portal Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

Insurance for Hair & Beauty Services

... insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to a business interruption in specified ...

7 surprising ways business insurance can help your company

... whilst on your premises or in transit. Portable Equipment*(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 ...

Insurance for Gardeners

... also be necessary to lease commercial warehouse or storage space for your equipment and supplies. Business Insurance You rely on many garden tools and equipment to do your job well and safely. If they were damaged, lost ...

Home Based Business Insurance

... 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 ...

Insurance for Lawn Mowing Services

... protection by covering the legal and defence costs, court attendance costs and compensation if awarded. Business Insurance* Portable Equipment Cover* A mower, edge and hedge trimmers, a leaf blower and that box of bits ...

What types of insurance do you need for a cleaning business?

... cleaning products that leave permanent damage to carpet, furniture, or floors. 2. Business Insurance If you rely on essential cleaning equipment that you've purchased for your cleaning business, what would happen to your ...

A sole traders and freelancers guide to business insurance

... 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 to business interruption in ...

4 reasons why restaurant insurance is important (and how to protect yours)

... business from the ground up in the event of a catastrophic incident, you'll probably need insurance. Buildings and equipment: Even if an accident doesn’t wipe out your entire premises, it could damage expensive kitchen ...

3 reasons your business insurance may no longer be right for your business

... new environment. When circumstances change it's a good idea to make sure your insurance has you covered . 2. New business equipment The equipment or tools you use to conduct your business are an essential part of your ...

Insurance for Carpenters

... these valuable business assets is something to consider as part of your insurance plan. Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

Insurance for Roofers

... give you peace of mind as you help others keep a roof over their heads. Did you know? Portable Equipment* insurance can help you protect the many different tools you need to do your job and run your business—from drills ...

A Mumpreneurs Guide to Understanding Business Insurance

... of having to replace all your stock.. Contents and Stock insurance policies provide coverage for loss of or damage to items such as business equipment, stock, plant and machinery, records and furniture belonging to you ...

Insurance for Pet Professionals

... malicious damage or some other defined event listed in the policy. Portable Equipment Insurance* Portable equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

Insurance for Personal Trainers

... for any stock that you carry, such as supplements and protein bars etc. Portable Equipment insurance - This provides cover for your tools and other equipment used for business purposes only which travel with you Contents ...

5 things to consider when purchasing business insurance

... an accident or illness? 2. What type of business insurances do I need to consider? When you have a solid ... your business assets including any property, contents, stock and equipment and add them up. How much would it cost ...

Insurance for Electricians

... business have a chat to our friendly team to get a quote .Yes! Portable Equipment * cover, which can be added to your Business Insurance Pack, covers you for loss and damage to your tools and stock due to theft ...

Insurance for Martial Art Teachers

... cover options for you to choose from, depending on your business needs . Here are a few for you to consider: Portable Equipment Insurance *  covers the cost to replace or repair your portable martial arts training ...

Insurance for Cabinet Makers

5 questions to ask yourself before buying Insurance for your small business

... occurs (such as fire, storm, theft or even accidental damage). A Business Insurance policy can also cover your portable equipment, and loss of revenue due to business interruption in specified circumstances. There are ...

Business Insurance Perth

... work by a medical practitioner for a set amount of time. Tool insurance (Portable Equipment): Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

Business Insurance Melbourne

... services or advice. This includes defence costs cover. Tool insurance (Portable Equipment)*: Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

5 reasons you should review your business insurance this Christmas

... cover options that suit you best. For example, General Property Insurance also known as Portable Equipment insurance covers theft and accidental damage to equipment such as tools, laptops and mobile phones whilst you are ...

Insurance for Manufacturers

... cover for manufacturers can include: Contents and stock - this type of insurance covers for loss of or damage to items such as business equipment, stock, plant and machinery, records and furniture belonging to you at the ...

5 Common Mistakes to Avoid When Buying Business Insurance

... client. Are you more profitable? Do you have more employees? Have you upgraded your equipment? It's possible that your current insurance policies no longer provide enough coverage for your business. Keeping the same ...

Insurance for Cleaners

... your client's antique vase smashing it to pieces - the list could be endless. Business Insurance If you rely on your own cleaning equipment to run your business how would you cope if it was damaged or stolen? The good ...

Insurance for Landscapers

... small businesses Public Liability and Portable Equipment cover for tools No paperwork, no hassles Compare quotes from our trusted insurance partners*: Why do Landscrapers need insurance? Whether you're building retaining ...

Insurance for Plumbers

... occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and loss of revenue due to business interruption in specified circumstances. In ...

6 areas you may not have thought business insurance covers

... And always back up information stored on portable electronic equipment. 4. Building If you own your building ... $75,000. 5. Money Did you know your Business Insurance policy can also provide cover for money that belongs to ...

What insurance do contractors and subcontractors need?

... including legal fees, experts fees and court costs. Portable Equipment Insurance Portal Equipment insurance (also sometimes referred to as General Property insurance) covers contractors for loss and damage to items of ...

A guide to plasterer’s insurance that won't leave you, board

... bad impact upon your business reputation. Luckily there's an insurance for that, so you're not left up the creek without a trowel. Portable Equipment cover provides cover for the repair or replacement for accidental loss ...

Beauty to go! What Mobile make-up artists need to know about insurance

... you're covered and it usually comes combined as a liability package with your Professional Liability insurance. Portable Equipment Insurance As a makeup artist, you need your makeup kit and crucial tools to complete your ...

Spring Clean Your Salon’s Business Insurance

... … You may need to update your insurance to make sure you have enough cover and that your policies cover all your business activities. Have you invested in new equipment? Think about the equipment you need to do your job ...

Understanding business insurance for bookkeepers

... an additional cover option available when you take out a Business Insurance policy. Portable equipment*- Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of ...

Finding the right business insurance can be hard but BizCover makes it easy

... also include mirrors, porcelain and ceramics such as toilet and hand basins. Portable Equipment* Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable ...

Insurance for Management Consultants

Insurance for Mobile Food Vans

... 're accounts are audited by the Australian Tax Office, you may need to hire external accountants to assist in the process. Tax Audit Insurance covers a business for specified costs in responding to an official tax audit ...

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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.