Stall Holders 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*:
How much does Business Insurance cost?
... of 790 and 942 businesses respectively. We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was ...
read moreBusiness 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 ...
read moreWhat is Business Insurance?
... in a fire, storm or due to malicious damage or some other defined event listed in the policy. Glass Insurance Cover for breakage of internal and external glass and signage you own or for which you are legally responsible ...
read moreBusiness Insurance
... 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 ...
read moreBusiness Insurance on the Gold Coast
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance on the Central Coast
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance In Wollongong
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Townsville
... because an injury or serious illness means you're unable to work while you recover. Personal Accident and Illness insurance can help you keep things running at home and in your business until you're able to get back to ...
read moreBusiness Insurance in Toowoomba
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Parramatta
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Newscastle
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Melton
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Mackay
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Launceston
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Geelong
... an actual or threatened data breach. A cyberattack could bring a small business to its knees. Cyber Liability insurance can give small business owners in Geelong peace of mind that if a hack or data breach targets their ...
read moreBusiness Insurance in Cairns
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Bundaberg
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance in Bunbury
... not be relied upon as advice. ** We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was sourced ...
read moreBusiness Insurance FAQs
... 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 a big deal to us. Get the right ...
read moreCommon small business insurance claims and how to prevent them
... and have a big impact on the running of your business and your bottom line. Whilst you've got the insurance to help you out, you'd ultimately rather avoid the disruption to your business that these unexpected events can ...
read moreGoods 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 ...
read moreEmployment 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 ...
read moreMachinery 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 ...
read moreMoney 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 ...
read moreNo Dramas
... price, we will beat the price on offer or provide you with a full refund** so that you can save on insurance for your small business. Get a quote today, it only takes a few minutes. ** terms and conditions apply - click ...
read moreBusiness Interruption Cover*
... long it can take to get their business back up and running following a major insured event. Business Interruption insurance should be just one part of your wider disaster recovery plan - a plan that should include both a ...
read moreTheft Cover*
... 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 to have been securely stored before the theft and for there to be evidence of ...
read moreStatutory 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 ...
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 moreDo I need insurance for my market stall?
... at a busy market, event, festival or concert exposes you to a wide range of potential risks. Insurance for market stall holders is designed to protect you and your business against the financial risk in the event that ...
read moreBusiness Insurance Guide for the Self-Employed – Part 1
... your busines s, even if it is a home-based operation. Market stall-holders – A minimum level of Public Liability insurance is often required when having a stall at a market. I f you are selling products you have made at ...
read moreA sole traders guide to understanding Public Liability Insurance
... business in this great southern land. Running a Market stall - It is often a requirement for market stall holder to have a minimum level of Public Liability insurance when doing business at a market. If you are selling ...
read moreImportant Information for RelyOn Policy Holders
Important Information for RelyOn Policy Holders Summary of Changes Up until 1 April 2024 RelyOn Business Insurance policies were underwritten by Hollard Insurance, from this date forward policies will be underwritten by ...
read moreWhat’s the difference between Public and Product Liability insurance?
... 's many different risks which you may be exposed to. From market stall owners, mobile dog groomers and all types of tradies, the term Public Liability insurance* isn't something new. But when it comes to the difference ...
read moreHow much does Public Liability Insurance cost for Tradesmen?
... . Our sample includes more than 18000 policy holders in NSW, which have 10 or fewer employees ... to pay around $50 or less per month for Public Liability insurance. However, increase the turnover to $250,000 or more, and ...
read moreInsurance for Finance & Mortgage Brokers
... (MFAA) Policies available for ARs and ACL holders Options available to meet RG210 Compare quotes from our trusted insurance partners*: Why do Mortgage & Finance Brokers need Insurance? We're sure we don't need to ...
read moreA sole traders and freelancers guide to business insurance
... , trips and falls resulting in an injury^. If your business involves having a market stall, you may be required to have your own Public Liability insurance in place. If you use a public space like a park to train and ...
read moreA Mumpreneurs Guide to Understanding Business Insurance
... trying to make heads or tails of business insurance. Understanding the different kinds of coverages your ... or policy wording. If you run an online store or market stall, you might keep all your stock in a spare room or ...
read moreBusiness Insurance Guide for the Self-Employed – Part 4
... to recover following his injury. His Personal Accident and Illness insurance provided a weekly benefit of $1,700 a week for ... with online patient files or run a market stall with an EFTPOS machine, hackers can find ...
read moreSometimes Professional Indemnity Insurance is Needed
... end of the stick. A major aspect that any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a ...
read morePublic Liability Insurance NSW
... ! The last thing you want to think about is paying for unexpected accidents - they do happen! Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a ...
read moreBizCover smashes NPS industry benchmark as insurance sector lags
... retention rates and company growth. This is far above the NPS industry benchmark which sits at -6 for the insurance sector in the last quarter of 2021, according to soon-to-be-released research from The Evolved Group . ...
read moreBusiness Insurance Perth
... were to occur at your business premises, even if this is at your home-based business. Public Liability insurance can provide peace of mind and protection from potential claims for accidental injury or damage to a third ...
read moreBusiness Insurance Melbourne
... if a potential claim were to occur even if this is at your home-based business. Public Liability insurance can provide peace of mind and protection from potential claims for accidental injury or damage to a third-parties ...
read moreTop tips to boost your small business insurance confidence
... of assets. Do you know what you are covered for? There's a good possibility that you set up your business insurance policy and just pay your renewal each year that it comes around. But taking some time out to read and ...
read moreInsurance for Tutors
... Tutors need it? While you take all the care to deliver professional advice and services to your students, an insurance claim can have a devastating impact on your tutoring business. Don't learn your lesson the hard way - ...
read moreThe benefits of Professional Indemnity insurance
... takes is for a claim to send it all crashing down. Avoid the drama by having your Professional Indemnity insurance there to cover the cost of the claim. With some policies the cost of related public relation expenses may ...
read moreWhat you need to consider when purchasing Professional Indemnity insurance
... of confusion in the event that you may need to make a claim. 3. How much Professional Indemnity insurance cover do I need? Each business is different with their own factors that can determine the amount of Professional ...
read moreWhat is run-off insurance and who needs it?
... means they only cover claims which are made while the policy is active. The purpose of the Run- Off insurance is provided cover that extends beyond the last date of your business trading if I claim were to occur. Not ...
read morePublic Liability Insurance WA
... Trades & Service industry in WA pa id around $70.82 per month in 2018 for Public Liability insurance through BizCover . There is a wide variety of occupations classified within this industry, with each occupation having ...
read moreDo I Need Public Liability insurance?
... Ensure you are capable of handling a Public Liability claim, regardless of whether it is true, with Public Liability Insurance. Let the insurers and lawyers take care of the claim so you can get back to what you do best ...
read moreCyber Liability Insurance
... to you? Hackers are alive and well and get a thrill out of making business owners sweat. Cyber Liability Insurance can assist in managing your risk and help you rest easy knowing your business is covered from even the ...
read moreInsurance for pharmacy and pharmacists
... premises during business hours. 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 *As with any ...
read moreInsurance for Pet Professionals
... associated with your business. These can include tools of trade and items of stock. Personal Accident and Illness insurance Take a moment to consider if you were to suffer an accidental injury or fall ill. What impact ...
read moreInformation Technology Liability Insurance
... claims by third parties relating to property damage or personal injury caused by your products. Product Liability insurance usually forms part of a Public Liability policy and the word 'product' will be a defined term ...
read moreInsurance for Personal Trainers
... storm or due to malicious damage or some other defined event listed in the policy. Personal Accident and Illness Insurance Your body is your business. If you were to seriously injure yourself or fall ill it is likely you ...
read moreWhat does Public Liability Insurance cover?
... expensive (the example above could easily cost well over $ 50 , 000 ) , and not having Public Liability insurance means you could well end up paying for the claim straight from your back pocket . Bear in mind that Public ...
read morePublic Liability Insurance NSW
... in the 220,000 small businesses we have helped already… and counting. Built for small business We know insurance and what makes small businesses tick. Clear and competitive pricing You can compare and choose from a range ...
read morePersonal Accident and Illness Insurance
... what's not? Get the right cover Could this happen to you? Protect you r income With Personal Accident & Illness Insurance* As the old saying goes, a ccidents do happen ! A simple spot of DIY around the house could result ...
read moreInsurance for Dog Grooming
... to work due to an accident or illness, you can rest easy knowing that your Personal Accident and Illness insurance can help cover loss of income. No matter where the accident occurs, you're covered to keep paying those ...
read moreInsurance for Disability Workers
... or Public Liability claim against you. We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article was ...
read moreHousekeeping your business insurance – A checklist guide
... ? 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 coverage you have in place, assess ...
read moreWho needs Professional Indemnity insurance?
... or an omission in the delivery of your professional advice or services. Why do I need Professional Indemnity insurance? Take a moment to consider the time and money that is involved with a claim. The financial impact ...
read moreA practical guide to understanding business insurance
... most trusted insurers, select your policy and get covered in minutes. There's no messy paperwork or insurance jargon, just insurance made easy. Get a quote today. * This information is general only and does not take into ...
read moreFind out how these SMEs saved hundreds on their business insurance
... 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 insurers ...
read moreDebunking insurance myths – common insurance misconceptions
... 't mean that things still can't go wrong. Let's take a look at some of the types of scenarios and insurance coverages that you may need to consider. You have clients coming to visit your place of business at home- all it ...
read moreQLD Electricians Licence and Insurance Requirements
... . To make things a bit easier we're here to break down the key things you need to know about insurance requirements for electricians in QLD- without the boring bits. Let's get started by having a look at the basics ...
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 more5 reasons you should review your business insurance this Christmas
... is the peak time for burglary. If you have a shop front window, you may also want to consider insurance for glass . This covers you for internal and external damage to glass, signage and mirrors at your business premises ...
read more4 reasons why restaurant insurance is important (and how to protect yours)
... made against you, for death, injuries or damages resulting from the operation of your business. Business Insurance Insurance cover to protect you against third-party injury claims is important, but those aren't the only ...
read more5 things to consider when purchasing business insurance
... customer data was stolen? You were unable to work due to an accident or illness? 2. What type of business insurances do I need to consider? When you have a solid understanding of the types of risks and scenario's that ...
read more8 Facts About Professional Indemnity Insurance
... peace of mind, knowing that you're protected after you've closed up shop. 8. Getting your Professional Indemnity insurance sorted is easier than you might think. Gone are the days of ringing insurers one at a time to get ...
read more6 ways to save money on tradie insurance
... On the other hand, make sure your provider knows if you are going to be taking on riskier work in the next insurance period. It might cost you more in premiums, but if you don’t let them know you may find that any claims ...
read moreThe 5 biggest mistakes tradies make with their insurance
... important to understand your cover. It’s worth taking the time to read through your policy and to ask your insurance provider any questions you may have. That way you can rest assured that you have all the cover you need ...
read more5 reasons to consider cyber liability insurance for your business
... just 40% of businesses 1 have any sort of cover in place. For many small businesses, this type of insurance may feel like an unnecessary expense. The odds that a hacker will target your business might seem slim. However ...
read moreA blue-collar workers guide to understanding Personal Accident and Illness insurance
... re the one running the show. As a small business owner, chances are you have some sort of business insurance already in place. While you may have coverages for things like Public Liability and your tools sorted, have you ...
read more3 reasons your business insurance may no longer be right for your business
... of cover you have. As the value of your equipment grows, you can update your cover to help ensure you have sufficient insurance to cover your loss if you need to make a claim. There are a number of cover options, such as ...
read moreAdditional Cover for Professional Indemnity Insurance
... claiming a product caused them a personal injury or property damage, it is vulnerable to costly legal action. PI Insurance protects small businesses from this type of action. Unlike Hish, Lynn's clients don't ask to see ...
read moreProfessional Indemnity Insurance 101: For Allied Health Professionals
... so you can find the right cover at the right price. BizCover is the best way to get immediate insurance protection, and because everything is online, there's no messy paperwork involved. To find out more, go to bizcover ...
read moreThe risky business of insurance
... ill as a direct result of their job. Any business with employees are required to have WC How you buy insurance can save you time and money Shopping around to compare what's covered is an important part of the process ...
read morePublic Liability Insurance Scenario
... says nothing could be worth that amount of anguish. “If I had been responsible and set my business up with the insurance I needed, it would have been a very different story for me,” Janine says from her new home in South ...
read moreBizCover Disrupts Insurance by Commoditising it
... a number of big companies. Any deal would allow these new players to use BizCover's website to sell insurance products underwritten by AIG, Allianz, QBE and Vero. Now in its eighth year, BizCover, which employs 27 staff ...
read moreMichael Gottlieb Featured on the Insurance Business Hotlist for 2014
... the broking world, and not just because his Mega Capital business was successful in taking out the Insurance Business Brokerage of the Year award and featured in the Deloitte Technology Fast 50 Australia ranking for the ...
read moreCyber Insurance: Is it worth it?
... or vendor relationships and processes customer-sensitive (non public) information, you need it. Isn't my other insurance cover enough? Take time to review your current policies—especially the exclusions—and you'll likely ...
read moreMichael Gottlieb featured in Insurance Business
In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The Year Ahead
read moreProfessional Indemnity Insurance 101 for Allied Health and Alternative Therapy Professionals
... so you can find the right cover at the right price. BizCover is the best way to get immediate insurance protection, and because everything is online, there's no messy paperwork involved. To find out more, go to bizcover ...
read moreBizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!
... revenues under 2.5 million dollars) have not had many alternatives when it came to buying business insurance. BizInsure has entered this space to satisfy the needs of this important and growing market; small business ...
read moreProfessional Indemnity Insurance for Consultants
... are at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to assure you are covered in the event that someone files suit ...
read moreWhat Limit of Professional Indemnity Insurance Do I Need?
... a good idea to contact the association and check whether there is a minimum limit of Professional Indemnity Insurance you are required to maintain to comply with their compliance requirements. They may also be able to ...
read moreMisconceptions Around Professional Indemnity Insurance
... to time depending on the size of a job contract or the level of risk involved. Businesses or consultants whose insurance coverage is not sufficient may need to draw funds from their own pockets and that is never a good ...
read moreHow Does Professional Indemnity Insurance Benefit You?
... , which can be filed against them by their clients. It is advisable that you have general business insurance in order to protect you from financial losses caused by property damage or bodily injury. In addition to ...
read moreA Guide to PI Insurance
... 't know if they are getting the best deal. This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes , and purchase in only a ...
read moreInsurance for Convenience Stores
... can provide you and your business peace of mind when you need it most.Do you need Public Liability insurance? The short answer is probably yes. Chances are you'll have regular contact with clients, contractors and the ...
read moreInsurance for Marketing Consultants
... visit you, or you are getting your dose of vitamin D by heading out to meet them, Public Liability insurance is important to your business. It is designed to provide protection for you and your marketing business in the ...
read moreInsurance for Civil Engineers
... illness can strike without any warning, often resulting in time off work to recover Personal Accident and Illness insurance can provide cover if, as a result of an unexpected injury or illness (even if it occurs outside ...
read moreInsurance for Manufacturers
... stock, plant and machinery, records and furniture belonging to you at the insured location. Building - this type of insurance will cover for loss and damage to buildings you own, as a result of an insured event (such as ...
read moreInsurance for Carpenters
... completed by you or your business or any refund of the fees charged by you to complete the job. What insurance do carpenters need to consider? Get to know the common types of cover that carpenters often add to their ...
read moreInsurance for Makeup Artists
... own salon, rent a space in a beauty or hair salon or provide a mobile makeup service, makeup artist insurance is the foundation to ensuring your small business doesn't go belly-up if something else does. Did you Know ...
read moreInsurance for Car Wash and Auto Detailers
... associated with your business. These can include tools of trade and items of stock. Personal Accident and Illness insurance* Take the time to think about how your business would function if you were unable to work due ...
read moreInsurance for Cafes
... Building* - If you are the owner of your café's building, consider insuring one of your biggest assets. Building insurance will cover for loss and damage to buildings you own as a result of an insured event (such as fire ...
read moreReviews related to Stall Holders Insurance
-
product knowledge and advice are excellent
Frank F
Other -
Easy to read understand and follow
Tui d
Other -
Easy As!! Thank you
Casey W
Entertainment -
EASY CONVENIENT!
HONGWEI Z
Travel -
Excellent Customer Service
Trevor C
Other
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