Insurance Energy Finance Fuel Travel Meerkat Mondays NEW Looking for help? 1800 645 617 Compare Business Insurance Easily compare small business insurance Get Started Call 1800 645 617 We do not compare all brands in the market, or all products offered by all brands. We do not arrange products from these brands for you directly, but we will refer you to our trusted partner who can. Learn more about our partnership. We’re eager to look after Australian businesses One site, countless options Finding the right insurance for your business comes down to weighing up all your options. Compare a range of policies online with us. Cover to suit your business Whether you’re a well-known business or just opening your doors; you can explore business cover products and features that protect customers, suppliers and your business. Experts ready to help Ready to learn more about business cover? Our experts are happy to answer any questions you have about public liability, professional indemnity, management liability, and more. At no cost to compare Why go to multiple websites when you can compare a range of business insurance quotes with us at no cost? Plus, there are no hidden fees or markups when you buy with us. Learn more. What is business insurance? Business insurance safeguards your business from financial difficulties arising from (but not limited to): your legal liability (e.g. a customer trips and falls on your premises) equipment or machinery breakdown or theft incorrect advice you offer a client theft of customer data business interruptions (e.g. unable to operate due to natural disaster). Imagine if your premises was destroyed in a fire, or if critical machinery was stolen in a burglary? Or, perhaps, you may have accidentally given the wrong advice to a client, or maybe your customer data was stolen in a hack? Different types of business insurance, as outlined further below, can cover these events. To help protect all you’ve worked for, it’s crucial you take out a policy well before your business opens its doors, whether it’s big or small, new or well-established. Different types of business insurance Public liability insurance Public liability insurance covers you should customers, suppliers or members of the public be injured or have their property damaged because of your business operation. It provides a financial safety net for any compensation payments and legal fees. Professional indemnity insurance If you accidentally provide misleading or incorrect advice or services that result in a negative outcome for your client, this type of policy will safeguard you and your business. This kind of insurance covers you for possible legal expenses and any compensation costs you need to pay. Management liability insurance Management liability covers your business for any wrongful acts from senior managers, which can result in lawsuits, fines and legal costs. With this cover, you can have peace of mind and focus on your business. Cyber insurance If you rely on information technology (IT) systems, you might wish to consider cyber liability insurance. It provides insurance if your business is hacked, hit with a ransomware attack or suffers a data breach. Statutory liability insurance This type of cover provides insurance for legal expenses and any fines your business could be liable for if it’s penalised by a government or regulatory body. Directors and officers insurance Directors and officers of companies and corporations can have insurance for their own liabilities, as there is additional scrutiny on these important roles. This includes cover for legal defence, inquiries and penalties. Frequently asked questions How much does business insurance cost? Is business insurance tax deductible? What’s the best type of business insurance? Does business insurance cover flood damage? What type of business insurance do I need? How do I compare business insurance policies? What payment options are available? Meet our Business Insurance expert, Stephen Zeller As our General Manager of Business Insurance, Stephen Zeller strongly believes in the protection and peace of mind that all types of Business Insurance provide business owners. Stephen says this type of cover can be the difference between a business staying afloat and going under if trouble arises. With over 30 years’ experience in the financial services industry, including 27 years at the Bank of Queensland, Stephen is Compare the Market’s leading expert in business insurance. He’s also a long-time customer rights advocate and an allied member of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). You may be interested in these topics slide of 3 What is business insurance? Let us explain what business insurance is, look at any advantages & disadvantages, and determine how you can best utilise this invaluable product. Read more Types of business insurance Curious about which types of business insurance you may need? We explain both mandatory and optional insurances, and how they can help cover your business. Read more Business insurance by industry Whether you work in health, retail, building, finance or another industry, business insurance can protect your company if an error or accident were to happen. Find out what type of business insurance you might need in your industry. Read more Great feedback from our customers. slide of 5 Very Helpful! by Hannah Went on the website and someone was able to call me immediately! Very kind and helpful and answered all the silly questions i had as a first time rent... Helpful and easy, wonderful service! by Kim Ardi was really helpful and patient, especially as electricity bills are so confusing. If all goes to plan he has helped us save a small fortune with... Perfect and very helpful by Carmel The transaction was made very easy and I was offered a good deal. Hooked me up to an electricity company without any further action required beside th... Let’s get down to business Getting business cover can be simple! Review your options in minutes. Compare business insurance About Us Privacy policy Website terms of use Who we compare Competition terms and conditions Contact Us Careers Blog Meerkats Testimonials Media centre Sitemap Financial services guide Credit guide Financial Consciousness Index Financial services guide - life insurance products Sergei's Solutions Hub Let's connect © 2021 Compare The Market. All rights reserved. ACN: 117323 378 AFSL: 422926 Compare the Market Business Insurance is provided by Compare the Market’s partner BizCover Pty Ltd (ABN 68 127 707 975, AFSL 501769). Compare the Market earns a commission from BizCover when you purchase a business insurance policy through the Compare the Market website. We do not compare all business insurers or products in the market. Any advice given above is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances, and before you make any decision about whether to purchase a product, you should read the PDS for that product. 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