Compare Business Insurance

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The most popular types of business insurance are public and product liability, and business property insurance. Both of these essential insurances can be incorporated into a small business insurance package — the ideal insurance solution for SMEs with up to 20 employees and assets of up to $1M, and a low-cost way to get cover for all the main risks faced by most growing businesses.

Other common business insurances include professional indemnity and management liability insurance. There are also a number of specialised insurances available to mitigate more specific threats, such as marine insurance, network security insurance, or crime and fraud insurance. We have strong relationships with every major business insurance provider in Australia, so if your needs are more complex our experienced advisors can help you put together a tailored business insurance package. Simply call us on 1300 467 872 for expert advice and a free quote.

Types of Business Insurance

This tables gives an overview of the main types of business insurance available.

Type of business insurance Description
Public Liability
 Insurance that protects your business against the financial risk of accidents that happen on your premises or as result of your business activities.
Product Liability
 Insurance that protects you against the risk that one of your products causes damage or injury to a person or another business.
Business Property or Asset Protection
 Insurance that protects the buildings, equipment, stock and possessions of your business from physical threats such as fire, theft or malicious damage.
Business Continuity
 Insurance that protects your business against financial losses if you have to temporarily halt operations for some reason.
Professional Indemnity
 Insurance that provides financial protection against legal costs or potential damages if you have specialised skills or qualifications and are paid for giving advice to others.
Directors and Officers Liability
 Insurance for your company's officers against the financial consequences of claims by shareholders, employees, regulatory bodies or creditors relating to 'wrongful acts' by your business, such as mismanagement of funds.
Management Liability
 Insurance that protects your company and your senior management against employment liabilities and claims by shareholders, employees, regulatory bodies or creditors relating to 'wrongful acts' by your business, such as financial mismanagement.
Business Expenses
 Short-term business life insurance cover designed for sole traders and small businesses with very few employees. It covers the cost of regular business expenses like utilities and tax bills if your business loses income due to the injury or illness of a partner or key earner.
Key Person
 Business life insurance that provides a lump sum payment to help you through the aftermath of losing an indispensable member of your team.
Buy / Sell or Shareholder Protection
 Business life insurance that enables you to remain in control of your small company or partnership if you lose one of your co-owners.
Loan Protection
 Business life insurance that ensures you will be able to repay your business debts if one of your guarantors dies.

Business Types

This table gives a brief overview of the types of business insurance you might need to consider for your business. They are a basic guide only — our professional team can provide more information and help you assess your needs in more detail.

Type of Business Insurance Required Example
Service Business

e.g. Dry Cleaners

 Public Liability
Product Liability
Business Property
Business Continuity		 One of your consultants falls ill and is unable earn income for the business until they recover
Professional Services Business

e.g. Management Consultant

 Public Liability
Business Property
Professional Indemnity
Business Expenses
  • An item of stock falls from a shelf and hurts a customer
  • A customer buys a contaminated food product and falls ill
  • Your stock is stolen out of locked vehicle during transit to your premises
  • Your roof is damaged in a storm and you have to close while you make repairs
Shop
 Public Liability
Product Liability
Business Property
Business Continuity
  • A customer slips on a spilled drink and breaks their ankle
  • A customer gets food poisoning from something you have served
  • Someone breaks in and vandalises your cooking equipment
  • There is a fire in your kitchen and you are forced to close for several weeks to refurbish
Cafe
 Public Liability
Product Liability
Business Property
Business Continuity
  • A customer slips on a spilled drink and breaks their ankle
  • A customer gets food poisoning from something you have served
  • Someone breaks in and vandalises your cooking equipment
  • There is a fire in your kitchen and you are forced to close for several weeks to refurbish
Limited Company
Management Liability
Public Liability
Business Property
Key Person
Shareholder Protection
  • The value of your company falls and a group of shareholders sue you for mismanagement
  • A visitor is injured in your offices
    Your IT equipment is destroyed by a lightning strike on your offices
  • A member of your management team is killed in an accident and you lose invaluable knowledge about your operations
  • One of your shareholders falls ill and needs to sell their portion of the business to finance medical treatment
Real Estate Broker
 Public Liability
Business Property
Professional Indemnity
  • You accidentally break something valuable while showing a property
  • A tree falls on your offices during a storm, breaking windows and damaging IT equipment
  • A customer sues you for financial loss because they believe you advised them wrongly about the value of their property
Medical or Veterinary Practice
 Public Liability
Business Property
Professional Indemnity
Key Person
  • A diagnostic machine malfunctions and injures a patient
  • Someone breaks into your clinic and steals valuable equipment
  • A patient or pet owner sues you for malpractice
  • One of your practitioners dies suddenly and you are unable to operate your clinic until you find a replacement
Trade Business
 Public Liability
Business Property
Business Continuity
Business Expenses
  • You accidentally cut through a cable and damage a customer's electrical system
  • Your tools get stolen from your vehicle
  • A key piece of equipment is damaged when a tree falls on your ute in a storm, so you can't finish a job 
  • You hurt yourself falling from a roof and are unable to work for some weeks
The information on this website, brochures and other documentation is of a general nature only and does not take into account your personal financial situation, needs or objectives. Therefore before you decide to buy any insurance product it is important that you read its Product Disclosure Statement and Financial Services Guide to make sure the product is appropriate for your needs.