Compare business insurance

Compare business insurance in Australia the easy way. Get instant quotes online or connect with one of our expert brokers.

Product AUFBI-NEW Business Property Business Liability Business Interruption Business Theft Business Glass Business Vehicle Business Cyber
Youi logo
QBE logo
Elders Insurance logo
upcover Insurance logo
View details
insurance.com.au Business Insurance logo
Optional
Optional
Optional
View details
imar  logo
View details
Express Business Insurance
Express Insurance logo
View details
loading

How does business insurance work?

Business insurance protects your company from financial losses due to unexpected events like property damage, lawsuits, employee injuries, and business interruptions. It works by transferring the risk of these losses to the insurance company in exchange for regular premium payments.

One of the best bits of business insurance is that you can pick and choose which types of cover you want. Don't have any stock? Scrap commercial property. Worried about an online hack? Add cyber insurance. Business insurance tends to be very customisable, which is great news for your business.

Tim Bennett's headshot
The value of business cover

"I'm a gigging musician alongside my work at Finder. That means moving a lot of expensive gear in and out of venues and studios, which brings with it some risk - to me as well as other people. My business insurance covers my instruments, amps and other gear for damage or theft, as well as for public liability. Even though it's not my entire income at stake, it's piece of mind that I couldn't do without."

Insurance expert

Which types of business insurance do you need?

If you're not sure which type of business insurance you need, we suggest chatting with an expert broker who will be able to help. However, we created the table below as a quick guide.

TypeIf your business...You run the risk of...Insurance can help you with...
Commercial property
  • Has a physical location or stock
  • Property damage due to theft, fire, water, storms, impact and more
  • The cost of repairs or replacement
Professional indemnity
  • Gives advice or provides a service
  • A customer filing a lawsuit if you give incorrect or misleading advice
  • Legal fees, investigation costs and compensation
Product liability
  • Creates and sells any product
  • That product injuring someone or causing property damage
  • Legal fees, investigation costs and compensation
Public liability
  • Has a physical location or comes into contact with people in any way
  • A person being injured or killed due to your business activity or premises
  • Legal fees, investigation costs and compensation
Business interruption
  • Requires a certain location, certain equipment or even just certain circumstances to operate
  • Your business being unable to operate if something disrupts the basic requirements
  • Covering the cost of lost income
Cyber
  • Has any online involvement
  • Cyber attacks, leaked customer information, ransom demands
  • Data recovery, expert consultants, legal fees and compensation

Is business insurance compulsory?

  • Public liability insurance and professional indemnity are compulsory for certain professions. Without it, you may not be able to operate with a full licence.
  • Different states set requirements for liability insurance, as do professional associations and licensing bodies. Some even set minimum requirements for the amount of insurance needed.
  • Many businesses will require that their suppliers or service providers have business insurance as part of their contract.

If you employ at least 1 person, it's very likely you will need workers compensation insurance. Read specific requirements here.

Talk to a broker about business insurance

Fill out the form below, to receive free advice from a broker.

Frequently asked questions

To make sure you get accurate and helpful information, this guide has been edited by Moira Daniels as part of our fact-checking process.
Gary Ross Hunter's headshot
Journalist

Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

Gary Ross's expertise
Gary Ross has written 632 Finder guides across topics including:
  • Health, home, life, car, pet and travel insurance
  • Managing the cost of living

Read more on Business Insurance

Go to site